Recovery at risk as London house price boom outstrips wage growth, warns Moody’s August 5, 2014 Britain’s banking recovery is at risk from a housing crash, analysts warned yesterday – and that could throw the whole economy off track. The 17 per cent boom in London house prices is far outstripping wage growth, credit ratings agency Moody’s warned, and could come grinding to a halt. Rising interest rates could hit some [...]
In graphs: London house prices up 18.7pc in just a year June 17, 2014 House prices in London rose 18.7 per cent in the 12 months to April according to new figures released today by the Office of National statistics (ONS). Across the country prices were up 9.9 per cent, with growth outside London and the south east at 6.3 per cent. Despite figures from Rightmove yesterday showing the market [...]
AOL Verizon deal: This is boss Tim Armstrong’s email to staff in full May 12, 2015 AOL boss Tim Armstrong has emailed staff about Verizon's $4.4bn offer to buy the online company. Here are his words in full. As you have heard me say many times over the last 5 years since we became an independent AOL, we are building toward becoming the largest media technology company in the world. While [...]
Focus on Poplar: There’s good reason it’s getting so popular, you know May 21, 2015 It hasn’t always been so popular to live in Poplar. Its postcode, E14, has held the dubious honour of being the most unequal in the UK, as its East End estates sit a stone’s throw away from the shimmering towers of Canary Wharf. It’s now best known in the nation’s mindset as the impoverished setting [...]
Foxtons share price falls as revenues drop 12 per cent January 27, 2015 The figures Not a good day for Foxtons shareholders. Shares fell 2.4 per cent in early trading as the upmarket estate agent – known for its trendy Minis and even trendier, bar-like offices – has posted fourth quarter results showing revenues fell 12 per cent in the three months to the end of December. That was [...]
London house prices: Unseasonable heat in the capital’s housing market January 19, 2015 After a muted end to 2014, London house prices grew 0.9 per cent in January, compared to just 0.2 per cent in the first month of 2014. 10 of the 32 boroughs surveyed by Rightmove reported asking prices having dropped in January, with the positive score for the region pushed up by some top performers. [...]
Maximum excitement on the CWC with sporting index February 12, 2015 WITH nearly 20 specials markets for England’s Cricket World Cup opener against Australia, Sporting Index really does have something for everyone. As well as total wides, total sixes and total fours, there are also unique markets like 50-Ups, Ton-Ups, Zero Tolerance and Full English. 50-Ton-Ups are a prediction on the aggregate total of players’ runs [...]
London barometer January 29, 2015 Sales Director, Douglas & Gordon At the end of 2014, more offers were agreed than the same time last year despite a 20 per cent reduction in applicants. Pragmatic purchasers seized the opportunity to secure good value for money and, interestingly, fall-throughs were at a 12 month low. As a direct impact of stamp duty [...]
Ladies who don’t lunch: Sue Round talks fund management, sentimentality and being broke March 26, 2015 Buongiorno signora!” bellows the exuberant waiter at Bolton’s, an Italian tucked away in an unassuming corner near Leadenhall Market. “Hello, hellooo” comes the response. I know Sue Round has arrived, even before I see her. She greets me warmly, as if we’ve known each other for years. In fact, I’ve met Sue only once before [...]
London house prices: Growth slumps July 25, 2014 The boom might be ending: London House Prices have stagnated in July, recording their first almost growth-free month since December 2012. According to data from Hometrack – which is a survey rather than indexed data – prices in the capital were unchanged at zero per cent for July, down from 0.5 per cent in June and 0.6 per cent [...]