Interiors: Don’t own any art? Make your own. We explore a growing trend for framing beloved objects November 9, 2016 Bringing our homes alive with personality and creativity isn’t just about hanging pictures on walls, especially if we don’t own a Warhol or a Hirst. It’s now de rigeur to think inside the box and display meaningful physical objects in box-frames, or mount prized items, such as decorative scarfs, LP covers or birthday cards, so [...]
All the important non-Trump news you need to know November 9, 2016 It's not all about Donald Trump beating Hillary Clinton to the White House, even though it might feel that way right now. Here's our round up of the latest non-election news you need to know. A tram crashed in Croydon Several people have been killed after a tram derailed in Croydon. The driver has been arrested [...]
How to put your children onto the property ladder (without acrimony) November 9, 2016 With rising house prices and tighter lending criteria, it is increasingly difficult for young people to get onto the housing ladder. In most cases, they will need to call on the Bank of Mum and Dad. Parents who want to help their children are often uncertain about the best way to provide the funds, the [...]
Auction house Sotheby’s reports $54.5m loss in last quarter November 7, 2016 Sotheby's reported a $54.5m (£43.5m) loss in the third quarter, compared to $17.9m (£14.4m) the same period a year ago. The auction house said that they expected the poor results, and put down the huge losses to changes in the dates of the summer art sales. The results The company posted a net loss of $54.5m, [...]
UK house price growth eased off in October November 7, 2016 Much has been said about whether the Brexit vote hit demand for homes in the UK. Figures published today suggest that may be the case: prices grew 5.2 per cent in October, down from 5.8 per cent in September. The average house price hit £217,411 in October, according to the Halifax house price index – that's [...]
HSBC’s shares rise four per cent despite larger-than-expected profit slump after Brazil disposal November 7, 2016 HSBC's share price rose by more than four per cent this morning, despite a sharper-than-expected slump in profits in the third quarter – although stripping out currency fluctuations, things looked rather better… The figures ​Pre-tax profit at the British lender fell 86 per cent to $843m in the quarter ended 30 September, down from $6.1bn in [...]
Crestor competition expected to drag on AstraZeneca interim results November 6, 2016 Drug giant AstraZeneca, which reports its third quarter results on Thursday, is expected to remain under pressure from generic competition. Morgan Stanley, AstraZeneca’s house broker, said to expect “another tough quarter”, with sales at constant currency down some nine per cent because of rising competition for Astra’s blockbuster anti-cholesterol drug Crestor in the US. In [...]
Number of million-pound house sales on the rise November 5, 2016 The number of homes sold for £1m or more has jumped by 12 per cent this year – and nearly two thirds of them are bough in London. According to a report from Lloyds Bank, the sales of homes above £1m increased from 5,946 in the first half of 2015 to 6,684 during the first [...]
Abolishing these 20 taxes will help the poor, says the IEA November 2, 2016 A radical free-market Westminster think thank is claiming it can maintain welfare support and improve the lot of the low-income workers while scrapping nearly every mainstream tax that the government currently imposes. The Institute of Economic Affairs says the controversial plan would see the poorest 10 per cent of the UK enjoying tax cuts worth [...]
Housebuilder Persimmon shrugs off Brexit vote but says it’s staying cautious November 2, 2016 Housebuilders' shares were among the hardest hit after the Brexit vote – but it seems investors may have been over-cautious, after Persimmon reported a 19 per cent jump in sales. The figures In a trading statement this morning Persimmon, the UK's biggest housebuilder, said since it reported its half-year results at the end of August, sales have [...]