House prices continue to fall in London, with experts predicting muted growth until 2022 March 19, 2018 London house prices continued to fall last month as the capital's housing market cooled, with experts predicting price growth to remain subdued until 2022. Asking prices fell by 0.6 per cent year-on-year this month, according to figures published today by Rightmove. The average price for a property in London was £631,651. Read more: London house [...]
New build homes on sale in London this weekend in Paddington, Clapham, Kentish Town, Vauxhall and Canada Water March 16, 2018 New developments on the market this week No 3 Canalside Walk, Paddington From £1.212m Live next to the Grand Union Canal in Paddington Basin, with a plethora of rooftop perks, including balconies, and a rooftop gym, lounge and observatory. Eleven acres of prime Zone One is being developed near the transport hub, including 52 two [...]
Shares in housebuilders including Taylor Wimpey, Barratt and Persimmon drop after Berkeley warns it can’t ramp up production March 16, 2018 Shares in housebuilders dropped this morning after Berkeley said today it would not be able to ramp up production of homes, as it remained hampered by planning constraints. Taylor Wimpey, Barratt and Persimmon were among the fallers this morning, taking an early dip after Berkeley’s trading update. Shares in Berkeley meanwhile dropped more steeply and [...]
Editor’s Notes: Jeremy Corbyn’s Russia position is the latest in a shameful line-up, the IoD strides on and City AM bucks the industry trend March 16, 2018 Jeremy Corbyn’s refusal to recognise the hand of the Russian state in the Salisbury attack puts him at odds with the British government and its intelligence services, Nato, the United Nations Security Council, France, America, Germany and a host of other allies. It also serves as a reminder that if the British label you an [...]
Why we don’t expect a UK interest rate rise until November March 13, 2018 Forecasts for UK interest rates have moved significantly. The Bank of England, which ordered an increase from 0.25 per cent to 0.50 per cent in November, has signalled that it is ready to raise rates faster than previously thought. The Bank’s closely watched quarterly Inflation Report, published last month, pointed to the prospect of excessive [...]
Farfetch signs partnership with Harvey Nichols as £4bn IPO plans move forward March 12, 2018 Luxury ecommerce company Farfetch has signed up for yet another partnership as it charges towards an IPO. Harvey Nichols will become the first department store to be represented on the platform, after the two companies teamed in a move hailed as a “strategic milestone”. It is the latest in a string of partnerships which Farfetch [...]
Last Week in the City: Trump signs order for tariffs March 9, 2018 This week US President Donald Trump signed off on new tariffs on steel and aluminium imports, Trinity Mirror revealed plans to rebrand, and the European Central Bank took a further step towards ending stimulus measures. The FTSE 100 rose 1.9 per cent over the week by mid-session on Friday. Economics China will pursue annual growth [...]
Property of the Week: This converted water tower in Kennington is now worth £3.6m March 9, 2018 There are plenty of industrial landmarks in London that have been given a new lease of life, from Battersea Power Station to the Tate Modern. But rarely is there the opportunity to live in one. The Water Tower, Kennington, £3.6m This former water tower that’s moments away from Kennington underground station is the ideal mix [...]
Where’s the beef? Meat substitutes are suddenly big business: we try the UK’s first plant-based ‘bleeding burger’ and ask if meat will one day be a thing of the past March 8, 2018 In the mockumentary Carnage, Simon Amstel imagines a future in which eating meat is as socially unacceptable as cannibalism. Groups of elderly people sit in therapy sessions trying to come to terms with the atrocities they committed against the animal kingdom, with the narrator quipping “‘Meat-free Monday’ now sounds about as appealing as ‘ethnic cleansing-free [...]
Focus On Victoria: A £4bn investment has completely changed the area from dowdy offices to shiny penthouses and hip restaurants March 5, 2018 If the Queen’s getting a £369m refurbishment of Buckingham Palace, it seems only fair that the neighbourhood surrounding it should get a polish, too. £4bn should just about cover it, and that’s how much has been invested in the area by developer Land Securities over the last five years. Around £700m of that has gone [...]