Bumper Persimmon fails to shake off uncertainty March 5, 2019 Despite the housebuilder's £1 billion profit and generous dividend, Persimmon shares are under a cloud. Just when investors thought it was safe to go back into mortar, the government's reported review of the Help to Buy scheme has dealt another blow to the sector. Persimmon (LSE:PSN) 6% share price decline represented the brunt of the blow, [...]
Financial Conduct Authority confirms rent-to-own price cap implementation March 5, 2019 A price cap on the cost of buying household goods through rent-to-own deals will be introduced next month, the City watchdog has confirmed. The Financial Conduct Authority (FCA), which announced a crackdown on the sector in November last year, has set a price cap of 100 per cent on the interest customers can be charged in a move [...]
The high street can be saved if physical shops and online retailers collaborate and use data March 5, 2019 In January, affiliate marketing company Awin released research showing that 39 per cent of Britons wouldn’t really mind if we lost all high street stores altogether, with over a third of respondents saying that they “almost never” shopped there anyway. News stories about high street stalwarts being in the doldrums have become a recurring theme, from [...]
Telford Homes strikes investor alliance for London plan March 4, 2019 Housebuilder Telford Homes has struck a major deal with two global real estate giants, amid efforts to offset woes in the capital’s traditional housing market by doubling down on Britain’s growing rental sector. City A.M. can reveal that the residential developer is partnering up with M&G and Invesco in a bid to tap into the [...]
What Anthony Scaramucci did next March 4, 2019 After a brief and calamitous stint in the White House catapulted him to international fame, Anthony Scaramucci is back at SkyBridge Capital, the hedge fund he founded in 2005, he has revealed in an interview with Opto magazine. For a brief period in July 2017, Anthony Scaramucci found himself at the centre of American politics. [...]
Rightmove shares slump despite strong results March 1, 2019 Shares in property website Rightmove fell this morning despite the company reporting an increase in revenue and profits. Rightmove’s share price dipped 5.6 per cent to 455p today as the firm announced its full-year results for 2018. Read more: London house sales drop over political uncertainty The figures Underlying operating profit was up 10 per [...]
London is ‘dragging’ on average house prices across UK’s top 20 cities March 1, 2019 UK city house prices rose by 2.9 per cent over the 12 months to January 2019 but London has become a “drag” on the housing market after slow growth in the capital. The latest Hometrack Cities Index, which looks at house prices across Britain’s top 20 major cities, showed prices are rising fastest at six [...]
Housebuilder Bovis’s customer rating improves as profits reach all-time high February 28, 2019 Bovis Homes showed its best profits ever today as it recovered from a scandal in the quality of its building. The figures Revenue stood at £1.06bn in 2018, a 3.2 per cent increase on the year before, Bovis told shareholders this morning. Meanwhile pre-tax profits grew an impressive 47 per cent to £168m, ahead of [...]
Sadiq Khan asks government for £5bn grant to protect housing from no-deal Brexit February 27, 2019 Sadiq Khan has asked the government to provide a £5.2bn emergency grant to to buffer housing in the capital from the negative effects of a no-deal Brexit. In a letter to the housing secretary, James Brokenshire, the mayor said he remained "deeply concerned" about the impact leaving the EU without a deal would have on London. [...]
Under-fire Ted Baker issues profit warning as shares plunge February 27, 2019 Ted Baker warned investors of a £10m hit to profits for its full year this morning, blaming a series of unexpected blows to its bottom line. Profit before tax for the year to the end of January is now expected to fall in the region of £63m, sending shares crashing 13 per cent to 1,734p. [...]