The housebuilder who is ready to take the long road back to recovery October 31, 2010 DESPITE the generally depressed state of the housebuilding and residential property market, Taylor Wimpey’s chief executive Peter Redfern says he is pretty pleased with business. But sitting in the boardroom of his London office, his mood appears more reflective than upbeat. “Prices are very stable at the moment,” says Redfern. “Stable is good for us. [...]
Trichet’s words could lead to volatility June 7, 2011 FOREX.COM KATHLEEN BROOKS The markets have been embracing the euro with gusto this week. Partly this is a response to the weak US labour market data for May, but it is also due to expectations that the ECB will signal a rate rise in July when it meets on Thursday. The hawkish rhetoric from ECB [...]
Paragon set for a return to buy-to-let September 28, 2010 PARAGON, the buy-to-let mortgage provider, has returned to new lending after pulling out two years ago due to the global economic turmoil. Paragon chief executive Nigel Terrington said the company would specifically target professional landlords – an area of the market which it believes is underserved by buy-to-let lenders. Terrington said there were two primary [...]
HOW TO KEEP YOUR TRADES IN HARMONY March 22, 2011 CONSULTING ANALYST, INTERTRADER THE definition of harmony is a pleasing combination of elements in a whole. My mentor Bryce Gilmore taught me harmony in the markets. There was no course book, and no papers to read. It was night after night going over the day’s charts, pointing out the harmony in the day’s price action. [...]
Going private in the Maldives, at long last March 24, 2011 For years, the Indian Ocean’s most exquisite islands, the Maldives, have been solely the preserve of hotels. Now, they’ve begun to open up to foreign buyers, thanks to new laws introduced by the pro-enterprise President Mohamed Nasheed. Before Nasheed, elected two years ago, leaseholds were too short to attract European buyers – but they have [...]
FOCUS ON: WOOLWICH, SE18 October 7, 2010 THE ACADEMY, WOOLWICH Price: Apartments in Kitchener House start at £260,000 for a two-bed. This conversion of the 18th century former Royal Military Academy has created a whole range of different-sized apartments ideal for the first-time buyer. Unusually for new-builds, the flats retain the original building’s period features. It is hoped the development will eventually [...]
Prices soar, but don’t sell the family silver any time soon April 11, 2011 LAST week saw silver break the $40 a troy ounce barrier for the first time since 1980. Though contracts for difference (CFD) traders may be getting wide eyed about the potential for $50 silver prices, they should be cautious about setting their sights too high. In common with gold, flight into silver is primarily driven [...]
FTSE buoyed by upbeat corporate results April 26, 2011 Strong corporate results and positive broker research buoyed the FTSE today, leading the market to its highest close in more than two months. The FTSE 100 closed 0.9 per cent higher at 6.069.36 in low volumes following the long Easter weekend and ahead of a second four-day weekend to celebrate the Royal wedding and Mayday. [...]
The crunch has made foreign dream homes far more affordable September 30, 2010 TOUGH economic times have opened the door for a new generation of property investment. Tumbling prices in both the UK and abroad have actually made this investment option more accessible than it was prior to the credit crunch. Nick Clark, managing director of the Property Investment Show, says: “House prices in England and Wales suffered [...]
The housebuilding chief executive who can see clear blue skies ahead September 26, 2010 FOR A MAN who took over a housebuilder in the middle of a devastating financial and property crisis, David Ritchie, the chief executive of Bovis Homes, looks remarkably relaxed. But it is certainly fair to say the pain has eased in recent months for the firm, even though Ritchie remains in the middle of turning [...]