Fixing the sink estate we’re in: Institutional cash is already building homes in London January 10, 2016 Despite London’s status as a safe haven for investors, for many living on crumbling housing estates it’s anything but. For decades politicians have ignored the link between poor housing are various social ills. While Tony Blair did much to help cities, he did little for housing. Today’s plans to redevelop sink estates by harvesting institutional capital should therefore be [...]
What to expect from TSB’s latest results tomorrow morning, one year on from Sabadell’s takeover April 20, 2016 TSB, the challenger bank snapped up last year by Spain's Banco Sabadell for £1.7bn after being carved out of Lloyds Banking Group in 2014, will report its first quarter results tomorrow morning. Earlier this year TSB boasted that more than 1,000 new customers were joining it each day, and that it was beating its own target for customers switching [...]
Steel crisis: Four things that could happen to Tata steelworks next March 31, 2016 The government has been forced to hold a crisis meeting, while dissatisfaction among unions, business groups and the opposition continues to rise. With thousands of British jobs at stake, what could happen to Tata's embattled UK business? Full or partial sale In an ideal world, Tata would be able to find a buyer for its stricken [...]
House prices: UK outpaced London as prime central property prices dropped last year January 14, 2016 House prices in central London fell by 8.7 per cent last year as higher stamp duty bills hit demand for £1.5m-plus homes, new research shows. Estate agents Your Move and Reeds Rains said prices dropped sharply in the capital’s five most expensive boroughs, dragging the annual rate of growth in London to 5.6 per cent, [...]
LVMH bucks bad trend in luxury goods market February 2, 2016 LVMH said today that strength in Europe, the US and Japan helped it buck an unfavourable trend which has seen luxury goods companies suffer as a result of the slowing global economy. The company, which owns fashion houses Dior and Louis Vuitton, said recorded revenue rose by 16 per cent to €35.7bn (£27bn) in 2015. This beat analysts estimates [...]
“Good result, job done”: Meet the Independent newspaper’s last chief executive July 18, 2016 It’s been a tough year on Fleet Street. Hundreds of national newspaper jobs have been lost. Publishers have suffered double-digit advertising revenue declines. And, if you include Trinity Mirror’s failed New Day, three titles have been closed. Right at the centre of the decision to close the other two of those newspapers – the Independent and Independent [...]
Savills hikes full-year forecasts but warns that rising rates could dent deal volumes in 2016 January 11, 2016 Savills has reported a stronger-than-expected finish to 2015 but warned that increasing uncertainty over the economic outlook and rising interest rates is likely to dampen deal volumes this year. The estate agency said its investment management division enjoyed a particularly strong end to the year thanks to the sale of portfolio of buildings around one of [...]
Shakespeare’s former theatre The Curtain now the scene for Galliard Homes’ new development The Stage February 8, 2016 Galliard Homes has launched its latest development venture on the site of William Shakespeare's former theatre The Curtain. The £750m development of the 2.3 acre site, which is being carried out in a joint venture with Cain Hoy, McCourt, Vanke and The Estate Office Shoreditch, will create a new mixed use space that includes a 37 [...]
Britain needs an industrial house-building revolution to tackle housing market failure January 14, 2016 The world is moving from uncertainty to instability. Economic, political and social “flashpoints” include the United States, EU, China, North Korea and the Middle East. While the UK has sensible economic goals – 2.5 per cent growth, 2 per cent inflation, £1 trillion of exports by 2020 and improved public finances – progress is mixed. [...]
Why an England Euro 2016 defeat will wipe billions off stock markets June 9, 2016 After a disappointing 2014 World Cup, the nation is eagerly awaiting the start of Euro 2016. With a 100 per cent record in the qualifiers, and currently priced at 8/1 fourth favourites, England are quietly confident that they can at least emulate their semi-final appearance 20 years ago. But it shouldn’t only be football fanatics [...]