Focus On Queen’s Park: Good schools, shops and value lure families to north west London March 3, 2017 Garden towns and villages have made a surprising comeback of late, largely as a by-product of our desperate search for a solution to the housing crisis. The government announced at the start of the year that it intended to build three new towns of 10,000 houses each, in a bid to reach a target of [...]
New homes: Properties going on sale this weekend in a regenerated part of Greenwich, in Hackney and in Croydon March 3, 2017 Kidbrooke Village, Blackheath From £450,000 Live at the centre of a new neighbourhood with one of these new apartments going on sale tomorrow. Birch House is in the Village Centre of Kidbrooke Village, a £1bn regeneration project by Berkeley Homes that will create 4,800 new homes and new parks across 136 acres south of the river. [...]
How to profit from the Chinese art market and bag some cutting edge paintings while you’re at it March 2, 2017 Which country has the world’s largest art market? Hint: if you’re thinking anything other than “China”, then you’re wrong. Art information website artprice.com estimates that in the first half of 2016, China accounted for 35.5 per cent of the $6.53bn global art sales. Someone out there is making a killing from the Chinese art market, [...]
Travis Perkins’ share price heads south as profits plunge March 2, 2017 Travis Perkins' share price has dropped by 8.5 per cent today after the builders' merchant's profit slumped and it fired a warning-shot about the UK economy. The figures In the year ending 31 December, Travis Perkins' profit before tax slumped 67 per cent, down from £224m to just £73m. Like-for-like revenues grew 2.7 per cent, up from £5.9bn to [...]
Ultimate Products’ London IPO has been priced at £105m ahead of it joining the main market next week March 1, 2017 Ultimate Products' offer price has been set at 128p, which will equate to a market capitalisation of approximately £105.2m. The offer comprises 41,084,800 shares, representing 50 per cent of the company’s issued share capital on admission. Shore Capital is acting as sponsor, global co-ordinator and bookrunner to the Company, and Cenkos is acting as joint bookrunner. [...]
Consumer goods group Ultimate Products heads for a £100m-plus IPO in the next few days March 1, 2017 Ultimate Products, the innovative consumer goods group, is set for a £100m-plus IPO in London within days. It will list on the main market under the name of UP Global Sourcing Holdings. The IPO’s pricing could take place as early as today. The placing is understood to be substantially oversubscribed with investors taking part believed [...]
Six of the best pies: We scoured London in search of the meatiest bakes ahead of British Pie Week, a celebration of all things pie from 6-12 March February 28, 2017 Battersea Pie Station 28 The Market Garden, WC2E, £15 for two Once you’ve got over the fact it’s actually in Covent Garden and the owners lied to you for a cheap pun, this place is pretty great. Wean your kids on the Baby Pies with a baby portion of mash, then work up to The [...]
Who exactly is Charlotte Hogg? February 28, 2017 Chancellor Philip Hammond last month announced Charlotte Hogg’s appointment as deputy governor for markets and banking at the Bank of England, effective as of today. She will also become a member of the Monetary Policy Committee (MPC), Financial Policy Committee (FPC) and Prudential Regulation Committee (PRC) Hogg started her career at the Bank of England [...]
Two ways investors can cope with uncertainty February 28, 2017 The lead character in Up may have coped with the randomness of life by travelling the world in a house powered by helium balloons, but investors can make use of a couple of more conventional techniques “Daddy, why is the man crying in the hospital?” “Daddy, where has the lady gone?” “Daddy, why are [...]
A new wave of foreign millionaires is poised to buy ultra-exclusive London property thanks to the weak pound February 28, 2017 Another wave of foreign millionaires is poised to buy up ultra-exclusive homes in London, after the weak pound turned property in the capital into an increasingly enticing proposition, a new report has suggested. The Ultra Prime Barometer Report suggested buyers from the US, Middle East and India were all getting ready to take advantage of [...]