Stamp duty changes set to boost residential property sales December 10, 2014 The newly reformed stamp duty tax is set to boost residential sales, according to a Royal Institution of Chartered Surveyors’ (Rics) market survey released today. The surveyors are forecasting a sales boost of between two and five per cent. The reforms ended the so-called slab structure of stamp duty and reduced the tax burden [...]
French Connection, Conde Nast and Champneys named and shamed for failing to pay minimum wage March 24, 2015 French Connection, Conde Nast and Champneys have been named and shamed by the government for failing to pay their workers the minimum wage. In total, 48 companies spanning fashion, publishing, hospitality, health, car, care and retail have been identified today by the Department for Business, Innovation and Skills. They owed workers £162,000 in arrears between [...]
London house prices and UK rent rises to slow in 2015 December 18, 2014 London house prices are set to stall in 2015, the Royal Institution of Chartered Surveyors (RICS) said today. Prices in the UK are forecast to grow by three per cent in 2015, yet in the capital growth will be zero. Rents in the UK are expected to increase by just two per [...]
City Moves for 03 March 2015 | Who’s switching jobs March 2, 2015 Peel Hunt The broking, advisory and trading house has appointed Edward Knight as head of media in its corporate team. He has 15 years’ experience in equity capital markets and investment banking, and has held senior positions at Merrill Lynch and Morgan Stanley. Allen & Overy Matthias Baudisch has been appointed partner in the law [...]
Nationwide House Price Index: House price growth slides to 11-month low in November November 28, 2014 House price growth slid to an 11-month low in November as the British housing market continued to cool, according figures released by Nationwide today. The Nationwide House Price Index showed house prices rose 8.5 per cent in the year to November, taking growth to an 11-month low. Price growth for the three months to September [...]
Private View: On the market in blackfriars January 15, 2015 THE RESIDENCE from £499,950 Developer Linden Homes presents this collection of 59 studio, one, two and three bedroom apartments, each with a balcony or terrace, in the heart of Blackfriars. The sixth floor is home to a communal garden and all apartments come with oak-faced front doors, built-in wardrobes and ready for video entry systems. [...]
Floyd Mayweather v Manny Pacquiao in numbers: £160m purse, £1,948 tickets, £1,000 hotel rooms February 21, 2015 It's finally on. After years of fans hoping, promoters bickering and negotiations stalling, the long-awaited bout between Floyd Mayweather Jr. and Manny Pacquiao has finally been agreed for 2 May at the MGM Grand in Las Vegas. The fight pits two of the greatest pound-for-pound fighters against each other for the first time in their [...]
UK growth lift as FTSE aims to test 7,000 level – London week ahead January 25, 2015 THE FIRST estimate of GDP growth in the fourth quarter of 2014 looks set to deliver good news this week, with growth of around 0.6 per cent on the previous quarter and 2.8 per cent year-on-year. Howard Archer, of IHS Global Insight, said: “Ongoing robust services expansion likely ensured that GDP growth held up pretty [...]
In charts: UK house price growth slows but first-time buyers still feel the pinch December 16, 2014 First-time buyers are paying 12 per cent more this year than at the same point last year, according to data from the Office for National Statistics (ONS). The ONS revealed house prices were flirting with stagnation in October, when they increased just 0.1 per cent on a month-on-month basis. After yesterday’s data from Rightmove showed [...]
UK house price growth slows, but prices are five times average earnings December 4, 2014 House prices across the UK were up 8.2 per cent in the year to November, another month of slower growth after October's 8.8 per cent rise. The price to earnings ratio is ticking up, however, and has reached a multiplier of 5.02. Halifax’s house price index also showed quarterly prices up 0.7 per cent (slowing [...]