Drink to that: Young’s pub chain hails profit growth and hikes dividend May 23, 2019 Pub group Young’s hailed robust profit and revenue growth in its latest financial year today, but warned investors of a “tough start” to 2019 after the World Cup fuelled a strong summer in 2018. Read more: City Pub Group cheers investors with sales rise as expansion continues The figures Profit before tax climbed 5.1 per [...]
London house prices suffer UK’s steepest annual fall ahead of original Brexit deadline May 22, 2019 House prices in London plunged 1.9 per cent in the year to March, the largest annual fall in the country, ahead of the UK’s original Brexit date. UK-wide house prices jumped 1.4 per cent over the twelve months, but in London the average property price fell almost two per cent to £463,000, according to HM [...]
Bovis Homes shares climb as it signals progress on shareholder returns May 22, 2019 Shares in housebuilder Bovis Homes opened higher this morning after it issued an upbeat trading statement ahead of its annual general meeting today. Read more: Housebuilder Bovis's profits reach record high as it keeps customers happy The company said it has seen its average private sales rate rise 17 per cent over the first five months [...]
Property transactions dip in April as political uncertainty weighs on buyers May 21, 2019 Property transactions slipped slightly in April as political uncertainty hampered a traditional spring surge. Read more: How London house prices in every borough have performed in 2019 Residential property transactions fell 0.3 per cent month-on-month in April, but were up 0.8 per cent on last year, according to the latest figures from HMRC. The dip [...]
Tesco Bank quits ‘challenging’ mortgage market May 21, 2019 Tesco Bank has thrown in the towel on mortgages, ceasing all new lending as it attempts to sell of its existing ledger book. Read more: How London house prices in every borough have performed in 2019 Currently the bank has 23,000 mortgage customers who it has lent £3.7bn, a portfolio it is now exploring the [...]
London house prices: How Brexit uncertainty has hit house prices in every borough May 20, 2019 London is “acting as a drag” on the rest of the UK housing market, with prices across the capital falling in the last year, according to new figures from property giant Rightmove. Read more: UK house prices suffer fifth month of Brexit-hit growth While some regions in the UK such as the midlands and the [...]
Revenue falls at Foxtons as tough London housing market takes toll May 20, 2019 Estate agents Foxtons said revenue fell in the first quarter which it blamed on challenging conditions in the London property market. Foxtons, which has its annual meeting today, said sales volumes continued to be at record lows and Brexit uncertainty is impacting on consumer confidence. The company also said chief financial officer Mark Berry is [...]
London house price growth falters despite annual spring surge May 20, 2019 House prices in London remain down year-on-year despite the annual spring surge, driven by a slump in inner city sales, according to property website Rightmove. Greater London recorded a monthly rise of 1.2 per cent, equivalent to £7,339, pushed largely by outer London properties that rose 1.9 per cent. Inner London prices, meanwhile, registered a [...]
Morrisons fails to convince despite Ocado deal May 16, 2019 By Graeme Evans from interactive investor. It talks the talk, and a 6 per cent dividend yield is attractive, but can this £50 billion grocer walk the walk? Morrisons (LSE:MRW) offered more evidence of its "ever-improving shape" after a robust trading update and intriguing deal to re-write its online partnership with Ocado. While the supermarket's shares [...]
Hopping to the front: Jeff Koons breaks sale record for living artist with $91m Rabbit sculpture May 16, 2019 It has bunny ears, chubby legs and a carrot in its hand. This is the stainless steel rabbit which has just smashed records for the most expensive artwork to be sold by a living artist. Read more: Sotheby's annual wine sales hit $100m The 1986 “Rabbit” sculpture was sold by US pop artist Jeff Koons [...]