Persimmon brings forward its dividend after bumper profits February 24, 2015 PERSIMMON has brought forward its dividend after a surge in demand for new homes last year helped to boost profits by 44 per cent. The housebuilder said it would now pay out 95p a share to investors in April rather than July. It will be the third payment made as part of a long-term plan [...]
FTSE 100 set to close out 2015 around 6,000 – London Report December 21, 2015 THE FED “feel good factor” and the Santa rally that historically has resulted in 80 per cent of December trading sessions closing positive have not been enough to sustain positive numbers for the FTSE. On Friday the FTSE 100 closed down 50 points at 6052, bringing to an end the brief surge following the Federal Reserve [...]
CLS holdings selling six UK properties for £7.4m September 11, 2015 Property company CLS Holdings yesterday said it has exchanged contracts on the sale of properties in the UK worth £7.4m. FTSE 250-listed CLS said the sale is £1.6m above the external valuation of the properties as of 31 December 2014, but in line with the valuation of the sites on 30 June this year. The [...]
London house prices: Flats in the capital cost 67pc more than in 2005 and are set to keep climbing September 23, 2015 London flat prices have outstripped every other property type in every other region of the UK over the last decade, according to research published by a major mortgage provider this morning. Affordability is set to continue falling as data from HMRC yesterday showed the market was hotting up with 106,480 homes sold during August – [...]
City Moves for 23 October 2015 | Who’s switching jobs October 22, 2015 SQUIRE PATTON BOGGS The law firm has appointed Dale Huxford as of counsel in its corporate practice in London. He joins from BroadTech Global. Huxford was also formerly a member of the emerging companies group at Orrick in London, where he provided legal services to early and growthstage technology companies. STRAWBERRY STAR The property company [...]
London house prices: Peckham pre-fab shack auctioned for almost £1m November 4, 2015 More London house price madness: a tiny pre-fab bungalow on a street corner in Peckham has sold for just under £1m. The tumble-down bungalow, on the corner of Costa Street and McDermott Street, close to Peckham Rye Common, went under the hammer with a guide price of £590,000 – but sold for £950,000, at an auction on [...]
Government’s public land sell-off needs transparency says Labour MP Meg Hillier September 24, 2015 Members of the influential public accounts committee have slammed the government’s land disposal policies, saying that ministers should be “embarrassed” by the backbenchers’ findings. Meg Hillier, the MP for Hackney South and Shoreditch who recently took the reins of the public spending watchdog from Barking MP Margaret Hodge, said today that the government’s “entire approach has been [...]
Demand in US for new homes jumps in July September 24, 2015 New home sales in the US climbed strongly in August, indicating that the housing market is strengthening and that consumers are in a confident mood. Sales rose at an annual rate of 552,000, up 5.7 per cent on July, according to figures released by the commerce department yesterday. The annual rate is now the highest [...]
Halifax: Reluctant sellers push UK house price growth up again September 10, 2015 Another day, another confirmation that UK house prices are rocketing, after new figures showed prices were nine per cent higher in the three months to August than they were during the same period last year. To be fair, that was still lower than the impressive 9.6 per cent rise in June – but higher than [...]
High street chain River Island in fashion as sales and profits soar October 5, 2015 River Island saw profits jump by almost 70 per cent last year, boosted by the rise in mobile shopping and recent collaborations with popular celebrities such as Rihanna. The fashion chain, which is privately owned by the Lewis family, reported pre-tax profits of £149.1m in 2014 compared with £88m the previous year. Sales increased by [...]