London house prices: Housing market cools in capital with July sales drop and slower growth forecast August 14, 2014 London house sales dropped last month as the market cooled, calming fears of a housing bubble in the capital- a trend that’s expected to continue over the next 12 months. The data from the Royal Institution of Chartered Surveyors suggest the market is “going into reverse”, as sales fell for the third month in a [...]
Carnage on the trading floor as FTSE dives 2.8pc – London Report October 15, 2014 BRITAIN’S top share index yesterday plummeted to a 15-month low, with cyclical stocks such as commodities and banks falling on fears of weakening global growth and drugmakers slipping on AbbVie’s decision to reconsider its $55bn (£34.5bn) takeover of British rival Shire. The FTSE 100 ended 181.04 points, or 2.8 per cent lower at 6,211.64, the [...]
City Moves for 27 February 2014 | Who’s switching jobs February 26, 2014 Royal London GroupThe mutual life and pensions company has announced the appointment of Tim Harris as a finance director and member of its board. He joins from Torus, where he is currently group chief finance officer. Harris has previously held senior finance roles at Aviva and PwC. InceThe law firm has appointed Hugh O’Donovan as [...]
Ebola screening at UK airports: How will the spread be contained and who will be tested? October 14, 2014 New Ebola screening measures were introduced at Heathrow airport terminal one this morning, as the government boosts measures to prevent the deadly virus from entering the UK. Those arriving from Guinea, Liberia and Sierra Leone – the three countries suffering most from the current outbreak in West Africa – will be subject to the [...]
Queens Park Rangers’ £6bn west London revamp to create homes, jobs and a new stadium September 3, 2014 A vast area of west London looks set to undergo a massive regeneration programme that could see 24,000 homes being built and 55,000 new jobs created. Hundreds of acres of brownfield around Old Oak Common, near the site of Wormwood Scrubs prison, could be transformed as a result. The £6.2bn plan is being spearheaded by [...]
Spanish vote sends Syriza-like shivers to FTSE and Eurozone – London Report May 26, 2015 FRESH back from the bank holiday, the FTSE hit a two-week closing low yesterday, with banks slipping after Spanish regional election results put Eurozone financials behind, while falling oil and metals prices hit commodity stocks. Spanish Prime Minister Mariano Rajoy’s People’s Party suffered heavy losses in local elections on Sunday, throwing his re-election later this [...]
Golf Comment: Match Play title may be just the start for Ilonen the dark horse October 20, 2014 HE DOESN’T always get the praise he deserves but I thought Mikko Ilonen was magnificent in winning the World Match Play title at the London Club in Kent last week. The Finn had to overcome a really tough opponent in Henrik Stenson in Sunday’s final but did so with a very impressive victory to claim [...]
Housebuilder London Square sold to US firm Ares Management July 3, 2014 London Square, the London housebuilder currently renovating Royal Star & Garter Home, has been sold to a giant American private equity firm. US-based Ares Management will buy the company from London Square’s current backers Graphite Capital for £110m. London Square was founded in 2010 with £50m of equity backing from Graphite, which also owns the [...]
Rising oil prices boost UK shares – London Report April 30, 2015 BRITAIN’S top equity index closed slightly higher after setting a three-week low yesterday, with Royal Mail gaining on the prospect of lower competition and energy shares tracking a rise in oil prices. Royal Mail led the blue-chip FTSE 100 index, with the company’s shares rising 5.3 per cent after Dutch rival PostNL abandoned talks with [...]
Bank of England minutes to give clue on rate hike – London Report July 19, 2015 INCREASED rhetoric from the Bank of England suggesting an interest rate hike could come soon has sparked extra interest in this week’s minutes of the latest Monetary Policy Committee meeting. The minutes, out on Wednesday, will give clues as to how many MPC members are likely to vote for an interest rate before the end [...]