London Report: Home lending up but rise in UK prices is slowing July 27, 2014 MORTGAGE approvals figures appear likely to show the housing market is moving again, after tough new MMR loan tests slowed lending figures. However, house price data due on Thursday suggests prices may not be soaring as much as earlier this year. They are expected to have risen 0.5 per cent month-on-month in July – the [...]
Second straight win for BoJo at glitzy GQ Men of the Year bash September 3, 2013 TO THE Royal Opera House in Covent Garden last night for the 16th annual GQ Men of the Year Awards in association with Hugo Boss. Among the celebrity and sporting stars in attendance – such as actors Michael Douglas, Samuel L Jackson and Stephen Fry – were some familiar faces from the worlds of politics and [...]
Letters to the Editor – 16/10 – Rational markets, EU relationship, Best of Twitter October 15, 2013 Rational markets [Re: What the latest Nobel Prize winners in economics can teach us, yesterday] Of course rational market theory assumes investors use all information in a detached and continuous way, and completely ignores behavioural finance. And the idea of mean reversion is correct in theory, but in practice often there are new informational disturbances [...]
Boris makes beeline for rugby star at IoD dinner September 18, 2013 TO THE Royal Albert Hall yesterday, for the annual gathering of the Institute of Directors (IoD) with the likes of Virgin boss Richard Branson, chancellor George Osborne, shadow business secretary Chuka Umunna and mayor of London Boris Johnson. Morning speaker Boris entertained delegates by comparing the economy to the formerly capsized cruise ship Costa Concordia. [...]
Investor clash may spark sale of Heron Tower September 18, 2013 ONE OF London’s tallest buildings is at the centre of a shareholder battle that may result in the property being put up for sale. Investors in the Heron Tower on Bishopsgate are understood to be unable to reach an agreement over when they can realise the value from their investments. Property magnate Gerald Ronson’s firm [...]
Labour to vote on state control for Royal Mail September 10, 2013 TRADE unionists yesterday pledged to take the fight against the Royal Mail sell-off to the wire – and said they would call on Labour leader Ed Miliband to commit to renationalising the postal service if he wins the next general election. Dave Ward of the Communications Workers Union told the Trades Union Congress (TUC) his [...]
Sir Christopher Wren’s historic mansion home goes on sale November 7, 2013 Freehold of house in grounds of Hampton Court Palace offered up for first time in over 300 years SITTING in the grounds of Hampton Court Palace, nestled among the greenery of suburban Richmond, lies a mansion that was once home to Britain’s greatest architect. For the first time in over 300 years, Sir Christopher Wren’s [...]
Initial analyst responses to Bank of England inflation report and Q&A August 7, 2013 Some reactions to the Bank of England's quarterly inflation report and governor Mark Carney's announcement of a forward guidance policy. Joe Rundle, head of trading at ETX Capital: Sensible Fed-style strategy adopted by dovish governor BOE Mark Carney, switching things up at the Bank of England since his occupancy started in July. At the press [...]
Foxtons returns to market at £649m as stocks gear towards housing recovery September 20, 2013 London estate agents Foxtons has floated on the London Stock Exchange at 230p a share. (Release) Market capitalisation for the company is about £649m with gross proceeds raised of £390m. Our deputy editor David Hellier writes: STRONG demand for shares in Foxtons, the London-focused estate agency chain, was last night expected to push the group’s [...]
Inside Track: Foxtons nears a crucial decision on its upcoming float September 5, 2013 THE FORTHCOMING flotation of Foxtons, the ultra entrepreneurial London-focused estate agency, is to move a step closer this weekend with the setting of a price range for the new shares that will shortly be coming onto the stock market if all goes well. Management’s investor roadshow begins properly on Monday and will take in London, [...]