Crest Nicholson’s profit soars – but it warns about cost pressures and falling house prices in central London January 24, 2017 Crest Nicholson's share price remained largely flat as the company reported a 27 per cent jump in profit. The builder said it was selling more homes at higher prices – but warned of pricing pressures in central London and cost inflation due to the Brexit vote. The figures The housebuilder's profit jumped 27 per cent in [...]
Braemar Shipping shares hit as oil and gas headwinds knock profits January 23, 2017 Braemar's share price plummeted over 16 per cent today after the shipping firm revealed spiralling restructuring costs are threatening to wipe out operating profits. The London-listed firm revised its operating profit before interest down to between £3m and £3.5m. On top of this, the firm is facing a bill of £2.7m to put the business [...]
Breaking news: Revenue woes are driving a wave of deals in the print media sector January 23, 2017 After the closure of the Independent, the failed launch of Trinity Mirror’s New Day newspaper and plummeting revenues across the industry, 2016 will likely be remembered as a messy year for the print media. Less than a month in, and with rows brewing over press regulation, part two of the Leveson Inquiry and fake news [...]
David Harrison, co-founder of Positive Solutions and True Potential, talks tin baths, skinny men with beards, Boris and why we need a Super Isa January 23, 2017 An article was doing the rounds on Twitter last week: Don’t let Boris Wooster bugger up Brexit. This is how David Harrison, founder of two multi-million pound financial services firms and former builder, feels about our irrepressible foreign secretary. “He’s not helping Theresa, is he? A loose cannon who walks on sounding like he’s just [...]
New Builds: New homes on the market this weekend in London from Help to Buy in Chiswick to luxury flats in Holborn January 20, 2017 500 Chiswick High Road, Chiswick From £420,000 Twenty-five apartments are going on sale tomorrow as part of the Government’s Help to Buy equity loan scheme for first time buyers. With private outdoor space, a concierge and underground parking, it’s a relatively affordable opportunity to buy into Chiswick, a smart west riverside area that’s popular with [...]
City Moves for 19 January 2017 | Who’s switching jobs January 19, 2017 GFT Technologies Christian Ball has been appointed head of retail across the Atlantic region at GFT, a provider of business, technology and design consulting to global banks. Christian brings extensive experience with him to spearhead GFT’s retail banking team and is joining the firm from Meniga, one of the top-performing fintech companies in Europe. In the [...]
This is the only part of the country where house prices are falling January 19, 2017 Home sales in the UK fell in December and prices continued to drop in London's most prized neighbourhoods, despite rising in the rest of the country. The Royal Institution of Chartered Surveyors (Rics) has said that expectations for sales over the next three months were "pared back" and that central London is the only part of [...]
Pearson fails to make the grade as shares fall 30 per cent after firm cuts forecast January 18, 2017 Pearson's shares tumbled up to 30 per cent this morning, after the education company withdrew its profit goal for 2018. It has also announced plans to sell its stake in publisher Penguin House, after an "unprecedented period of change and volatility". A textbook perfect storm. Read more: These companies could start offering low-cost degrees The [...]
London house prices edged closer to £500,000 in November January 17, 2017 The average house price in the capital edged closer to the half a million pound mark in November, rising to £482,000 for the first time. Figures published this morning by the Office for National Statistics (ONS) showed house prices in the capital jumped 8.1 per cent in the year to November, rising 1.9 per cent [...]
These are the key trends in retail in 2017 – and who will benefit from them January 16, 2017 The Christmas reporting season isn't over yet – the market is awaiting updates from Dixons Carphone and WH Smith – but the figures that have been reported so far have indicated some of the key retail trends investors should watch out for this year. Read more: Brexit vote boosts Hugo Boss The outlook for the UK consumer [...]