THE TIPSTER July 3, 2011 A REPORT from the US Department of Agriculture at the end of last week, flagging a marked increase in the amount of corn being sown by farmers, sent prices tumbling. A good harvest will certainly take the pressure off food supplies and in turn the prices being charged globally, but some will simply see this [...]
GENERATION RENT May 31, 2011 A GENERATION of Britons fear being squeezed out of the property market and doomed to a lifetime of renting, a survey reveals today. Nearly two thirds of 20 to 45 year olds who do not already have a mortgage say “they have no prospect whatsoever of buying a home,” according to a report by the [...]
Peacocks still searching for white knight January 22, 2012 PRIVATE EQUITY firms and buy-out groups are poised to make a bid for Peacocks, the discount clothing chain, which collapsed into administration last week. Its administrators KPMG will open the data room to Peacocks today, which will allow potential bidders to browse financial and other relevant data on the firm. KMPG expects to receive the [...]
RAPID RESPONSES March 7, 2012 Caught in the net [Re: A so-called mansion tax will not achieve fairness, yesterday] Aside from the obvious problems in administering a “mansion tax”, it’s clear that it’s not solely super-rich buyers who’d bear the brunt of an annual property levy, but long-term homeowners who may not be cash-rich but simply live in areas where house [...]
Super prime property set to hit records November 15, 2011 LONDON’S super prime residential developments are expected to achieve record values of £10,000 per square foot as the capital continues to attract wealthy international investors, research from Knight Frank shows. Demand for luxury apartments and houses in London’s golden postcodes like Mayfair and Knightsbridge boomed earlier this century, with market values escalating from £1,000 per [...]
More time for takeover talks October 17, 2011 THE Takeover Panel made the first extensions to its new “put up or shut up” deadline imposed on buyers of UK companies yesterday, granting several potential bidders more time to put their proposals together. Entertainment rights company Coolabi, the home of children’s TV favourite cat Bagpuss, is one of four firms that have been granted [...]
More time for takeover talks October 17, 2011 THE Takeover Panel made the first extensions to its new “put up or shut up” deadline imposed on buyers of UK companies yesterday, granting several potential bidders more time to put their proposals together. Entertainment rights company Coolabi, the home of children’s TV favourite cat Bagpuss, is one of four firms that have been granted [...]
Bellway upbeat as home sales and orders rise June 10, 2011 House developer Bellway has posted a better than expected view of its market, describing its spring selling as “healthy”. Its average home unit sales rate was 111 properties per week in the four months to the end of May, up nine per cent on the same period in 2010. Average selling prices were up four [...]
Panamera GTS and BMW’s new-gen 3-series both score February 21, 2012 Porsche’s new Panamera shows that two more seats can still be sporty PORSCHE’s four-seat Panamera has sold surprisingly well. Though it’s pretty agile for such a large, heavy motor it’s never felt as sporty as it could have with a character that’s more luxury limousine than dynamic sportscar, even in its range-topping Turbo iteration. It’s [...]
House prices rise for third month November 29, 2011 House prices edged up in November, beating expectations and despite a weak economy, but activity remains subdued and prices are more likely to dip in the next 12 months, mortgage lender Nationwide said. House prices rose 0.4 per cent from October on a seasonally adjusted basis, their third straight monthly increase, a Nationwide survey showed. [...]