Bovis Homes ups dividend after record completions July 6, 2015 The surging housing market has buoyed Bovis Homes to post a record number of completions on new homes – enabling it to significantly increase its dividend. The figures: Bovis completed a record 1,525 new home legal completions in the first half of the year, up from 1,487 in 2014. The average price on legal completions [...]
Pearson commences talks to sell off majority stake in Economist July 26, 2015 UK PUBLISHING empire Pearson is in talks to sell its 50 per cent stake in The Economist to the journal’s other shareholders, with Italy’s Agnelli family announcing an interest in increasing its stake. The news comes shortly after Pearson’s sale of the Financial Times newspaper to Japanese media group Nikkei. According to a statement released [...]
ECB confirms it has halted buying Volkswagen bonds as fallout from emissions scandal spreads September 28, 2015 Shares in beleaguered car-manufacturer Volkswagen fell 6.3 per cent this morning after the ECB confirmed it has excluded VW-backed assets from its bond-buying programme, pending a review. Central Bank sources told City A.M.: “In line with best practices for asset-backed securities investors, a decision was made to assess the repercussions of the recent developments affecting [...]
Head to upstate New York to beat the crowds this ski season for a skiing hotspot bigger than Yellowstone and Yosemite combined December 21, 2015 The Hamptons is the summer escape for sweltering New Yorkers, but when the winter snows lie thick in Central Park, it’s the pine-clad ski slopes of the Catskills and the Adirondacks that beckon these urbanites. Of course, for us, Europe has every kind of ski adventure imaginable; but as the Brits charge off en masse [...]
The Beatles’ John Lennon’s school detention slip up for sale September 24, 2015 There’s a divide amongst the City’s better known CEOs. First there’s the Cambridge mafia; those with old school ties, spotless school records and fine art collections. Then, of course, there’s the boys-done-good, who left school at 16 and worked their way up from the bottom. While you’re more likely to find the City’s university alumni [...]
Wall St rises as home building sentiment up – New York Report August 17, 2015 US STOCKS rose yesterday after strong economic data boosted the housing sector and as investors bought recently battered shares in biotech and media. The Dow Jones industrial average rose 67.78 points, or 0.39 per cent, to 17,545.18, the S&P 500 gained 10.9 points, or 0.52 per cent, to 2,102.44 and the Nasdaq Composite added 43.46 [...]
House supply shortage lifts prices in June July 8, 2015 HOUSE prices climbed faster than incomes last month as demand outstripped supply. The average stock of houses per housing surveyor has fallen to its lowest since 1978, the Royal Institution of Chartered Surveyors’ (RICS) said today. The decline in homes per survey reflects a lack of supply coming to the market. Surveyors’ price growth expectations [...]
WH Smith agrees to cut hospital store prices September 23, 2015 WHSmith has agreed to lower prices of some products in its hospital stores after an investigation revealed that the retailer was charging significantly more for some items than on the high street. The chain came under fire from Labour MP Paula Sherriff, who sits on the House of Commons select committee, following reports by the BBC this summer that WHSmith [...]
How a new wave of developers are using virtual reality and videogames to market their property February 24, 2016 When the iconic red-bricked turbine halls of south London’s Battersea Power Station first fell into dereliction more than 30 years ago, videogames were in their infancy. The primordial graphics technology of the 1980s could only produce a handful of colours and basic, blocky images, reproducing scenes no more visually complex than a single asteroid tumbling [...]
CBI distributive trades survey: Britain’s retailers are expecting a slow summer July 29, 2015 A widely watched industry survey has shown UK retailers expect sales volumes to weaken further next month, after an already disappointing performance in July. The CBI distributive trades survey said 30 per cent of firms expect sales volumes to rise in the year to August, while 17 per cent said they expect them to fall, [...]