Persimmon steps up construction as house recovery spurs demand January 8, 2014 HOUSEBUILDER Persimmon posted a 21 per cent jump in full-year revenues yesterday helped by higher prices and strong demand. The group said it has boosted construction activity as a result of a rise in weekly sales rates and that new house sales had increased by 16 per cent to 11,528 for 2013. Meanwhile housing and [...]
New York Report: Housing data hits Wall St September 22, 2014 American shares yesterday closed lower, with the S&P 500 suffering its biggest one-day fall since early August as the latest housing data came in much weaker than expected, raising new concerns about the level of growth in the economy. The Dow Jones industrial average fell 104.01 points, or 0.6 per cent, to 17,175.73, the S&P [...]
Lok ‘n’ Store revenue boosted by storage needs of householders October 20, 2014 Self-storage group Lok’n’Store said the improving economy and rising occupancy across its sites had helped it deliver a strong rise in sales and earnings last year. The Aim-listed group, which has 24 bright orange-coloured stores across the country, said revenue increased by 7.2 per cent to £13.9m in the year to 31 July, with earnings [...]
London’s empire state of mind: New York warehouse conversion inspiration comes to Islington, Clapham, Stratford and Wapping October 30, 2014 Globalisation, it seems, is not only changing our work, life and shopping habits, it’s also changing our living arrangements. Industrial warehouse conversions, originally found in the meat-packing districts of New York, have crossed the Atlantic and found a new popularity on our shores. Old textile factories in north east London in particular have become [...]
Bow, Tower Hamlets: All you need to know about London’s new eastern hotspot October 30, 2014 Everyone knows how well Hackney is doing in the property stakes, with house price increases outstripping any other borough in London over the last 12 months. But how about its neighbour Tower Hamlets? As a borough, it’s building more new homes than any other in the country. Bromley-by-Bow, in particular, has been popular with [...]
HMV returns to profit as Hilco rescue pays off September 28, 2014 HMV IS set to announce nearly £17m in operating profits during the 11 months after it fell into administration last year. Between 29 January and 28 December 2013 the music and DVD retailer saw sales of £311.2m, with its owner Hilco reporting every one of HMV’s stores is now profitable due to its restructuring programme. [...]
Monitise tanks by £300m after Visa mulls exit September 18, 2014 FORMER stock-market darling Monitise saw £290m wiped off its market valuation yesterday after its fourth-largest shareholder, Visa International, said it was considering the sale of its stake in the mobile banking firm. The revelation that Visa was “considering its options” for the 5.5 per cent holdings sparked a downwards spiral in the firm’s stock that [...]
Bovis Homes benefits from housing boom, with profit up 166pc August 18, 2014 UK housebuilder Bovis Homes has experienced a 166 per cent rise in profit following a strong demand for new homes. In results released this morning for the six months to 30 June, the FTSE 250 company reported a 54 per cent increase in the number of new homes built compared to the same period [...]
Card Factory up on delivery of maiden results September 18, 2014 DISCOUNT greeting card shop Card Factory reported its half-year results yesterday, showing underlying profits that grew 9.3 per cent, but an overall £7.9m loss due to the costs of its initial public offering (IPO) in May. Revenues during the six months to 31 July rose 8.9 per cent to £149.4m on the back of an [...]
Helios penthouse atop Kew Bridge West’s Hyperion Tower is a whole new level of luxury October 30, 2014 Flowers are not the only things sprouting up in Kew these days. A number of new housing developments are entering the market, enticing buyers to find better value for money in the greener, airier, more spacious suburbs of south west London. One of these is Kew Bridge West, a new development from St [...]