Leeds United financial results: Losses reduced by £20m as owner Massimo Cellino heralds commitment to resolving financial issues February 24, 2016 Leeds United reduced losses by 91 per cent in the 2014/15 season, a result under-fire owner Massimo Cellino says demonstrates his commitment to resolving the club's financial issues. In the first full accounting period of Cellino's ownership, losses were brought down to £2m from the £22.9m posted a season earlier while turnover dipped slightly from [...]
Want Christmas to last all year? You could buy a house on Holly Street for £194,465 December 21, 2015 If you want your Christmas spirit to last all year, try investing in a property on Christmas Lane or Holly Street – they'll be more affordable, and closer to the shops than the North Pole. Fewer pesky reindeer grazing outside, too. Data from Knight Frank has revealed the most popular festive street names include Holly, while the most [...]
Ladies who don’t lunch: Maike Currie talks to Hermes Investment Management’s Harriet Steel about success, failure and building things May 26, 2016 Most people detest building. Whether it’s a new build, extension or renovation, chances are it will feature somewhere on the list of life’s more stressful events, perhaps only a few notches below death, divorce, starting a new job and moving home. Harriet Steel, global head of business development at Hermes Investment Management, however, relishes it. [...]
Autumn Statement 2015: Local councils allowed to take home all receipts from property sales November 25, 2015 Local councils will be allowed to keep all of the money raised from asset sales to reinvest in local services, the chancellor announced today, as part of a wider move to encourage the sale of hundred of billions of pounds of public sector land. In his Autumn Statement speech, chancellor George Osborne said locals governments [...]
Five growth stocks to super-charge your Isa February 19, 2016 Savers will have more generous tax-free allowances from April. Basic rate taxpayers will be able to receive £1,000 interest on savings, gilts and corporate bonds without paying any tax (for higher rate payers, it will be £500), and everyone will be able to receive £5,000 in dividends before paying tax. New Isas (Nisas) have traditionally [...]
Boxing day sales 2015: UK shoppers expected to spend over £3bn as John Lewis and Selfridges enjoy strong starts December 26, 2015 British shoppers are expected to spend heavily in this year's Christmas sales, with stores such as John Lewis already boasting of strong trading figures. According to figures from the Centre for Retail Research and vouchercodes.co.uk, around 22m shoppers will spend £3.74bn in sales this festive period – a six per cent increase on last year. Department [...]
Budget 2016 predictions: When is it and the key points Chancellor George Osborne will cover in his speech? March 16, 2016 Last year we had three of them. So far we've made it through two months without one, but fear not campers – there's a new Budget in town. This is everything you need to know about this month's fiscal update from the government. When is the Budget 2016 and how to watch live Chancellor George Osborne is [...]
UK house prices at record high as growth slows amid General Election uncertainty April 16, 2015 The average price of a property across England and Wales was at a new record last month, despite March seeing the smallest annual change in house prices since November 2013. A house now costs on average of £275,123. This is a 5.6 per cent annual rise, equating to £14,620. However, in London and the south [...]
St Modwen to put £620m Nine Elms Square up for sale, paving the way for next year’s biggest land deal February 2, 2016 St Modwen has announced plans to put its £616m Nine Elms Square residential scheme up for sale in what it predicts will mark one of the biggest land deals in the market this year or next. The regeneration specialist and its French joint venture partner Vinci are carrying out a complete overhaul of New Covent [...]
Battersea panic stations: Investors flee luxury scheme as up to £2m is knocked off some asking prices March 4, 2016 More than 50 luxury flats on sale at London’s iconic Battersea Power Station have had their prices slashed since January, with some seeing discounts as large as 38 per cent in a sign that wealthy foreign investors are scrambling to desert the scheme. The news adds to fears that demand for prime homes in the capital is [...]