US existing home sales grow at fastest rate since before the financial crisis in 2007 July 22, 2015 Home resales in the US rose at their highest level for eight and a half years in June, giving a sign that demand is up, indicating a housing market recovery, which should help the economy. Sales increased 3.2 per cent to an annual rate of 5.49m houses from a downwardly revised 5.32m in May, the [...]
UK house prices rose at the fastest pace in a year in July – and could speed up this year August 13, 2015 British house prices rose at their fastest rate in a year last month, while the gap between supply and demand means they could speed up this year. The Royal Institution of Chartered Surveyors (Rics) monthly house price balance rose to +44 in July, from +40 a month earlier. This was the highest since July 2014 and [...]
How you can help Maggie’s £1m fundraising campaign December 17, 2015 This year has been an especially important one for Maggie’s, the independent charity providing vital cancer support to the City of London. 2015 saw City A.M. launch a £1m fundraising campaign to help to deliver the charity’s unique programme of support from its new centre, Maggie’s Barts. Located in Smithfield, the new centre is being built on [...]
Chinese tourists help Hugo boss the market August 5, 2015 German fashion house Hugo Boss said Chinese tourists flocking to Europe helped sales rise more than expected in the second quarter. Sales rose 16 per cent to €647m (£454m), ahead of average analyst forecasts, while net profit rose 13 per cent to €71m.
Countrywide predicts rocky 2015 for property market despite record profits February 26, 2015 The figures The UK's largest estate agent, Countrywide, whose brands include Bairstow Eves, Hamptons and John D Wood, announced a 20 per cent rise in total income to £702.2m in its first year as a publicly listed company. Profit before tax rose 63 per cent to a record level of £102.4m, from £62.9m at the same stage [...]
Hugo Boss expanding presence in China August 16, 2015 GERMAN fashion house Hugo Boss will expand its presence in China despite a slowdown in the country, key shareholder Gaetano Marzotto said in an interview in newspaper Welt am Sonntag. “Until now China accounts for less than 10 per cent of group sales, this could be ramped up,” Marzotto said in the interview.
London housing crisis: There’s a practical way to boost home-building – release surplus public sector land in the capital September 16, 2015 I congratulate Sadiq Khan on being selected as the Labour candidate for London mayor. However, Khan seems to be long on analysis of the problems Londoners face but short on practical solutions. London’s housing crisis is clearly the leading issue at the moment, but all he offers are “new teams” at City Hall without [...]
UK unemployment figures set to be in the spotlight – London Report November 8, 2015 Following the US jobs report on Friday, UK investors will focus on Wednesday’s release of the September employment report and October’s tally for the claimant count. They will be published alongside a raft of secondtier indicators on retail sales and house prices. Today, funeral operator Dignity is expected to reveal a jump in revenues when [...]
London property sales account for almost half of stamp duty revenue August 2, 2015 Almost half of all stamp duty revenue across England and Wales is collected from property sales in London, according to data showing the impact of last year’s rise in rates for the most expensive homes. Research by estate agent Knight Frank shows London accounted for just 13 per cent of all property transactions for the [...]
Uber’s UK sales are soaring after winning a legal battle in the High Court against black cab drivers October 18, 2015 It seems court battles aren’t standing in the way of Uber’s growth. After Uber’s landmark victory over black cab drivers on Friday, there’s more good news for the ride-hailing app: UK sales are up tenfold in the past year. British turnover soared to £11.3m last year, according to data from Companies House. The app’s accelerating [...]