Housing market faces years of gloom April 26, 2011 IT may not feel that way in some parts of Greater London but the housing market remains stuck in the doldrums. This is not surprising: the great housing bubble of the noughties hasn’t finished deflating yet. The readjustment process is continuing, with prices falling in real terms – and there is still a decent way [...]
WHAT THE OTHER PAPERS SAY THIS MORNING December 19, 2011 FINACIAL TIMES NETWORK RAIL WARNED OVER BONUSES Senior management at Network Rail should forget about bonuses next year, Justine Greening, the transport secretary, said on yesterday. She was speaking after the Office of Rail Regulation (ORR) found that the owner of Britain’s railway infrastructure had failed to meet its punctuality targets and was in breach [...]
Meccano-set towers: how London offices are evolving January 15, 2012 JE ne regrette rien. That is the message from Chris Grigg when we discuss his decision to quit banking in 2008 to take the reins at commercial property giant British Land. At the time, many in the City thought the former head of Barclays’ commercial bank was simply quitting one troubled industry for another; his [...]
WHAT THE OTHER PAPERS SAY THIS MORNING November 1, 2011 FINANCIAL TIMES BIG AREAS STILL LACK 3G, SAYS OFCOM Nearly 90 per cent of the UK’s land mass and a quarter of buildings are unable to receive all five 3G phone networks a decade after the introduction of the mobile licences, according to the telecoms regulator. In its first report on the UK’s communications infrastructure, [...]
WHAT THE OTHER PAPERS SAY THIS MORNING November 1, 2011 FINANCIAL TIMES BIG AREAS STILL LACK 3G, SAYS OFCOM Nearly 90 per cent of the UK’s land mass and a quarter of buildings are unable to receive all five 3G phone networks a decade after the introduction of the mobile licences, according to the telecoms regulator. In its first report on the UK’s communications infrastructure, [...]
BP’s £4bn Pan Am deal fails November 6, 2011 BP’S long-awaited deal to sell a majority stake in Argentina’s second-largest oil producer Pan American Energy for $7bn (£4bn) collapsed in acrimony yesterday after the buyer walked away. Bridas, the oil and gas firm owned by Cnooc of China and Argentina’s Bulgheroni family, said BP was to blame for the collapse of the deal because [...]
WHAT THE OTHER PAPERS SAY THIS MORNING May 31, 2011 FINANCIAL TIMES UK CONSUMER RECOVERY SET TO BE SLOWEST IN 180 YEARS The UK economy is set to experience the slowest pick-up in consumer spending of any post-recession period since 1830, according to a Financial Times analysis of official forecasts. Families are expected to spend just slightly more by 2015 than they were before the [...]
House prices continue to drop in the first-quarter April 6, 2011 THE cost of housing fell by 0.6 per cent during the first-quarter of 2011, marking the property market’s fourth consecutive quarterly decrease in prices, it was yesterday revealed. Research by the Halifax House Price Index showed an average reduction of 2.9 per cent for the first three months of 2011 in comparison to the same [...]
Markets slip as Italy debt crisis deepens November 9, 2011 Dramatic political changes at two of the Eurozone’s crisis-ridden economies initially boosted world stocks but markets went into reverse as it became clear that Italy’s debt woes were escalating. Italian Prime Minister Silvio Berlusconi said late yesterday that he would step down after parliament passes budget reforms. Greece, meanwhile, was working create a consensus government [...]
Mortgage lending falls in January March 11, 2011 UK mortgage lending fell 29 per cent in January from December’s level, new data has shown. Just 28,500 loans were extended to property buyers, a fall of 12 per cent on January 2010, a report from the Council of Mortgage Lenders found. The fall is being attributed to “an unusual combination of factors” including public [...]