Bag a bargain: Here’s how much high-end London house prices fell last year January 5, 2017 Got a couple of million going spare? You could bag a bargain in the capital, after new research suggested top-end house prices fell 6.9 per cent year-on-year in the final quarter of 2016. Research by Savills suggested house prices in so-called prime central London, high-end areas including Mayfair, Belgravia and Chelsea, fell 2.2 per cent during [...]
Three important investment lessons to take from 2016 January 5, 2017 Did anybody anywhere in the world put an accumulator bet on the UK voting to leave the European Union, Donald Trump winning the US presidential election and Leicester City winning the Premier League? The bookmakers believe not and you’d think they might have noticed – after all, these events were considered so unlikely that just [...]
Persimmon lays strong foundations for 2017 January 5, 2017 Persimmon is kicking off 2017 with some good news, as it reported today that its revenues and sales were up. And the markets certainly seem to be happy with the housebuilder – the company's share price was up 4.42 per cent at the open. The figures The housebuilder's trading update has laid some strong foundations for the [...]
Euronext boss happy with clearing buy despite deal helping London Stock Exchange-Deutsche Boerse “monopoly” merger January 3, 2017 Euronext’s chief executive believes his company is in a win-win situation after it agreed a €510m (£433m) deal for the London Stock Exchange’s (LSE) French clearing arm, LCH SA. The deal is tied to the LSE’s £21bn merger with Deutsche Boerse. The LSE put LCH SA up for sale in September to help its merger go [...]
Play time’s over: Private equity firm 3i sells Scandinavian toy and education company January 3, 2017 FTSE 100 private equity firm 3i today announced it had agreed to sell a Scandinavian toy company. The group has signed a preliminary agreement to offload Lekolar to Swedish investment company Nalka Invest. Read more: 3i sells debt management business to InvestCorp The deal, which is subject to regulatory approvals, will see 3i generate proceeds [...]
With diverging monetary policy and more political uncertainty, should investors expect 2017 to be the year that growth makes a comeback? January 3, 2017 This year is being heralded as a new dawn for markets. The economic malaise which has dogged developed economies since the financial crisis will finally subside; the battle against deflation has been won; fiscal stimulus is firmly on the agenda, and real growth will return. Such optimistic assessments may prove to be on the money. [...]
13 events that will change the world in 2017: Article 50, Snapchat’s IPO, more Libor trials and a vote on Heathrow January 3, 2017 2017 looks like it's going to be a busy one: we're looking ahead to some of the key business and political events already pencilled in for this year's calendar. 1. Supreme court to rule on Article 50 The Supreme Court is due to deliver its ruling on Gina Miller's case this month (Source: Getty) The Supreme [...]
London Stock Exchange poised to announce crucial sale of French clearing arm January 2, 2017 The London Stock Exchange Group is likely to announce the sale of its French clearing arm this week, City A.M. understands. The exchange entered exclusive talks with pan-European rival Euronext shortly before Christmas and the parties are understood to be nearing a deal worth around €500m (£425m). Read more: London Stock Exchange enters exclusive talks [...]
New Year’s honours 2017: The full rundown of the business community’s representatives on this year’s list December 31, 2016 The British business community was well represented on the New Years honours list, with entrepreneurs and executives featuring prominently amongst the more than 100 figures recognised for services to the industry and economy. Here's a run down of some the most notable business names who received the official seal of approval this year. Read more: Arise, Dame Inga – Lloyd's of [...]
From Brexit to Trump, interest rates to the steel crisis, these are the pictures that defined business in 2016 December 28, 2016 Let's face it, a lot's happened this year. 2016 was the year that brought us surprise, seismic political changes, pushed commodities markets through yet more turbulence and took down another stalwart of the British high street. @afneil If you're at a Quiz in the future and the question starts 'Which year did . . ' [...]