Royal Mail share price drops as government nets £750m from sale of 15 per cent stake June 11, 2015 The government sold off half its remaining stake in the Royal Mail this morning at 500p per share – half again as much as its original price when it listed in October 2013. Read more: Lessons learned as final parcel of Royal Mail goes on sale The offer netted the government £750m, leaving it with [...]
House sales jump as Help to Buy kicks in November 6, 2013 British house building company Persimmon has posted an increase in weekly private sales of 45 per cent in the third quarter. The firm attributed a large part of the stronger growth to the government's Help to Buy scheme, which the company says "has proved particularly attractive." Persimmon sold 3,000 homes under the first phase of [...]
Stocks rise on flurry of new M&A activity – New York Report June 22, 2015 SENTIMENT was lifted yesterday as hopes grew that a deal would be reached to prevent Greece from defaulting on loans, as well as by merger and acquisition activity, helping the Nasdaq to close at a record. The Dow Jones industrial average rose 104.53 points, or 0.58 per cent, to 18,120.48, the S&P 500 gained 13 [...]
UK house prices: Buyer interest surges in March despite looming General Election April 22, 2015 Home buyer demand surged in the UK during March, as almost 22 per cent more people were hunting for houses than in the previous month. The uncertainty around next month's General Election was expected to dampen demand in the market, but the figures show healthy interest – in line with seasonal trends in a non-election [...]
Telford Homes calls for reforms to boost supply May 27, 2015 TELFORD Homes said yesterday that London’s “chronic” housing shortage means that it is selling homes quicker than it can build them, as it posted a 31 per cent surge in full-year profits. The housebuilder, which builds primarily in London, targeting more affordable areas that are undergoing regeneration, sold 661 homes over the year, up from [...]
London City Airport expansion plans stay grounded following Mayor Boris Johnson’s U-turn August 20, 2015 The battle for London City Airport is heating up. Less than a month has passed since its owners Global Infrastructure Partners (GIP) and Oaktree Capital put the site to the east of the capital up for sale with a price tag of around £2bn. But already two heavyweight bidders have emerged, including one of the [...]
BBC TV centre homes to go up for sale July 27, 2015 Homebuyers will soon be able to own a slice of TV history. Kasmira Jefford reports. THE scenery block at the former BBC Television centre in London’s White City is eerily quiet. For over 50 years the cavernous space used to bustle with carpenters and designers assembling sets for some of Britain’s best known programmes, including [...]
Gordon Ramsey restaurants boil down losses May 17, 2015 GORDON Ramsey kept sales across his restaurant empire simmering last year after new openings in south London helped to offset the end of his contract at Claridges hotel. Turnover at the celebrity chef’s 26 restaurants edged down in the year to August 2014 to £44.7m from £44.8m the previous year, according to accounts filed by [...]
Gordon Ramsey restaurants boil down losses May 17, 2015 GORDON Ramsey kept sales across his restaurant empire simmering last year after new openings in south London helped to offset the end of his contract at Claridges hotel. Turnover at the celebrity chef’s 26 restaurants edged down in the year to August 2014 to £44.7m from £44.8m the previous year, according to accounts filed by [...]
Central London completions to hit 10,000 next year, says JLL September 17, 2014 HOUSING completions in central London could reach 10,000 in 2015 for the first time in years thanks to a surge in construction activity, even as new housing starts and prices at the centre of the capital start to slow. According to a report released today by property firm JLL, there are now 21,900 units under [...]