Wall Street rally continues as US stocks reach fresh record highs February 21, 2017 US stocks hit new record highs off the back of strong earnings from retail giants Wal-Mart and Home Depot, as well as optimism over the economic plans of President Donald Trump. Wal-Mart's shares increased more than any other in the Dow Jones Industrial Average, rising 3 per cent after it reported higher-than-expected US sales. Home Depot shares gained [...]
Step inside: Visa opens doors to its biggest ever innovation centre in London February 21, 2017 Visa has launched a fresh bid to boost its reputation for innovation with the launch of a new centre in London to "build the future of payments" – from banking via voice assistant to shopping in virtual reality. The 1,000 sq ft centre at its headquarters in Paddington will foster collaboration between Visa and its clients, partners and [...]
Private equity houses battle it out for £500m UK IT services firm Claranet February 21, 2017 Private equity houses Blackstone and Inflexion are battling it out for a stake in a £500m-valued British IT services company, City A.M. has learned. US-based private equity firm Abry Partners is in the process of selling Claranet, which it invested in in 2012. Read more: Private equity giant buys majority stake in London cloud tech company [...]
The MoD has issued a clarion call to developers as it mulls the future of Hyde Park Barracks February 21, 2017 The fate of Hyde Park Barracks, the central London barracks which plays host to the Household Cavalry, may be about to become clearer after the Ministry of Defence (MoD) issued a clarion call to the property industry. A notice issued by the Defence Infrastructure Organisation (DIO), the organisation in charge of managing the army's estates, has [...]
The “cheapest home in Mayfair” has gone on sale for just £500,000 (but there’s a catch) February 21, 2017 If you have ambitions of being a small fish in a very expensive pond, look no further than a two-bedroom apartment which has just gone on sale in London's most exclusive borough, Mayfair, at the bargain price of just £500,000. Admittedly, though, there's a catch… The apartment, next to Claridges on Davies Street, has been [...]
Generations Rent? Young and old expect to be long-term renters February 20, 2017 Up to a decade of rent is stretching out before the UK’s renters, according to the property and construction consultants McBains Cooper. Of the London-based respondents to a survey conducted by McBains, one-in-three renters said they expect to continue renting for the next five to ten years. Within the 45-59 year old bracket, 52 per [...]
UK house prices grow at their slowest in four years – as Rightmove warns “overpriced properties won’t sell” February 20, 2017 UK house prices grew at their slowest four years in February, new data from Rightmove has shown – as it warned agents against setting properties' prices too high. Asking prices rose just 2.3 per cent in the year to February, according to the figures – down from 3.2 per cent in the year to January, [...]
UK fashion industry showcases its wares at London fashion week February 19, 2017 Designers, buyers and supermodels have descended on the capital for its 65th fashion week. The trade fare is hosting over 5,000 guests and will showcase collections from 120 designers including Burberry, Mulberry and Donatella Versace's Versus line. Designers will be trying to entice buyers and drum up business across more than 51 catwalk shows. And [...]
Opinion: What to look out for when you’re buying a new build property in London February 18, 2017 As property advisors, we are often asked what is the best kind of investment in London – a new build property or an older style or period property? New build developments certainly have a natural appeal in that everything is brand new, which means buyers can put their own stamp on the property and maintenance [...]
New homes: Spanking new property going on sale this weekend in Greenwich, Blackwall, Southfields, Hendon and Old Isleworth February 17, 2017 Kidbrooke Village, Greenwich From £850,000 Buy a home that you can grow into over time by snapping up an adaptable Urban House. Berkeley Homes has designed these three to four bedroom houses on its development in Greenwich so you can upgrade them over time, depending on your living situation. The ground floor, for instance, can [...]