Sterling falls back below $1.24 after a surprise fall in inflation – pushed down by tuition fees and clothes November 15, 2016 So much for the Trump rally. The pound fell back below $1.24 this afternoon after figures from the Office for National Statistics (ONS) showed prices rose 0.9 per cent in October – missing expectations. Economists had expected the weaker pound to push consumer price inflation (CPI) to a two-year high of 1.2 per cent, from September's one [...]
UK property prices went up in September as new buyer enquiries rose – but new sales listings went into decline November 15, 2016 Property prices continued to rise in September, as new buyer enquiries increased modestly – but the number of new homes being listed for sale dropped. The average price of a property in the UK was £217,888 in September, with official statistics showing prices went up 7.7 per cent on an annual basis. Property prices rose 0.2 [...]
New Builds: Help to Buy homes in Stanmore and Canning Town and luxury in west London November 14, 2016 Stanmore Place, Stanmore From £495,000 A new show apartment has opened in north west London to showcase the most luxe homes to go on sale at the Stanmore Place development yet. Despite this, there are still 21 of the new one to three bedroom apartments in the Royal Crescent collection that are available to purchase [...]
Departing Baltic Exchange boss predicts bright future under new Singapore owner November 14, 2016 Amid the drama of the London Stock Exchange’s £21bn merger with Deutsche Boerse, the sale of another London-based exchange company – much smaller, but not too much younger – went through without much bother this month. Last week, the Singapore Exchange (SGX) completed its £87m acquisition of the Baltic Exchange, a City of London-based maritime marketplace and information provider. [...]
Whistles recorded a £2.9m loss before its takeover by South Africa’s Foschini Group earlier this year November 13, 2016 Upmarket womenswear retailer Whistles recorded a loss of £2.9m ahead of its takeover by South Africa’s Foschini Group in March. Accounts filed at Companies House show that in the 12 months up to 30 January, Whistles's earnings before interest, taxes, depreciation and amortisation (Ebitda) fell from a profit of £1.9m in 2015 to a loss of [...]
Focus On Rotherhithe: A £34m investment has brought a new town square, library and cultural centre to the Docks November 11, 2016 Rotherhithe, a conservation area in the Docklands in south east London, is one of the prettiest and most rapidly gentrifying places in the capital. With a long and proud history as a major trade port, it was a working dock right up until the 1970s. It was also home to the first under-river tunnel in [...]
The housing minister just admitted the government will miss its housebuilding targets November 11, 2016 The UK's housebuilding sector is "absolutely… not at the rate we need to be" in order to meet government targets, the housing minister has admitted. In an interview with Sky News, Gavin Barwell said although the UK is currently building 170,000 new homes a year, we're on course to miss a target of one million [...]
Astrazeneca profits slide after increased competition, but warns on Trump victory November 10, 2016 AstraZeneca posted weak quarterly profits this morning, but big pharma companies are expected to benefit from a Trump presidency. The drugs giant said operating profit was down 29 per cent to $1bn but has pinned its hopes on new cancer treatments next year. The results Revenue in the last quarter declined four per cent [...]
Bovis Homes on track to deliver record revenues despite Brexit blip November 10, 2016 Housebuilder Bovis Homes said today that it's on track to meet expectations of revenue and profit growth for the year, despite uncertainty in the market following the EU referendum. The group said that aside from the weeks immediately after the UK's vote to leave the EU, sales during the year to date have followed a normal [...]
Who are the winners and losers of a Trump triumph? November 9, 2016 The election of Donald Trump by US voters to become the next President was almost entirely unexpected. Here's our initial take on some of the early winners and losers emerging in the aftermath. Winners Nigel Farage Trump fan Nigel Farage has found a kindered spirit in the new President. The Ukipper and Brexit supporter went with a [...]