Cala to double in size after its cash injection October 7, 2013 HOUSING group Cala set out ambitious plans yesterday to double in size over the next four years by snapping up land in the south of England and increasing its presence in its Scottish heartland. The firm, which develops upmarket properties in Scotland, the Midlands and south east England, was taken over in March by Legal [...]
What you need to know before the open – 17/10 October 17, 2013 After a 17-day stalemate, last night's deal to raise the debt ceiling and re-open the government might mean that a political point has been made in the US, but it may also mean we see markets looking a little under the weather this morning. Global markets will follow the US lead today: Asian markets are [...]
Retail sales drop unexpectedly in August September 19, 2013 UK retail sales have dropped by 0.9 per cent in August, a shrink where analysts had expected a 0.4 per cent growth. In the year to August, that's a 2.1 per cent rise, well below last month's three per cent, and short of economist forecasts of a jump to 3.3 per cent growth. Sadly, it [...]
Bottom Line: Tale of two cities for foreign cash October 8, 2013 FOR A while now it’s been clear that prime central London almost deserves its own, ringfenced place on the map. House prices in the area – initially defined as Mayfair, Knightsbridge, Belgravia and Chelsea but often spreading further – have increased by 116 per cent in the last eight years according to recent research, massively outperforming [...]
Bovis Homes hails best sales since 1997 float August 19, 2013 BOVIS Homes saw profits and revenues jump in the first half of the year thanks to a pick-up in confidence in the housing market and after selling more profitable family homes in the south of England. The housebuilder yesterday said operating profits increased 50 per cent to £20m in the six months to 30 June, [...]
JP Morgan looks to settle with US authorities September 24, 2013 JP MORGAN Chase, facing several investigations into its mortgage practices, is seeking a global settlement with US authorities in multiple jurisdictions, a person familiar with the matter said yesterday. Negotiations have resumed with the US department of justice after federal prosecutors in California delayed a plan to file a lawsuit. The settlement would cover probes [...]
Brothers who built brand with purpose February 16, 2014 Annabel Palmer talks travelling, Topman, and the English weather with Rob Forkan – the tsunami orphan who co-founded new flip flop brand Gandys INNOCENT may have pioneered a whole new approach to marketing (the company has even published a book about its “story,” and “what they’ve learned”), but no business tale will ever be as [...]
Private View: On the market in Pimlico this week October 10, 2013 RANELAGH GROVE, SW1W £3.95M This end-of-terrace Victorian house boasts period features such as iron filigree stairs and a Gaggenau-fitted kitchen. Reception rooms include a double drawing room with hardwood floors, and a dining room. Over three floors, there are three double bedrooms, two bathrooms and a study. To the rear of the property is a [...]
Average flat price in England and Wales soars over £250,000 August 12, 2013 THE AVERAGE price of a flat in England and Wales has risen over the quarter of a million pound mark, according to new figures from the Land Registry, with the most expensive flat sold last quarter fetching £13.25m. A flat will now set buyers back an average of £250,101 across England and Wales – just edging [...]
US house prices grow again in June August 22, 2013 US house prices rose by more than expected in July, according to official data (release). The Federal Reserve’s housing price index rose by 0.7 per cent in July compared to the month before, following a revised 0.8 per cent increase in the month to June. Analysts had expected to see a bigger slowdown to 0.6 [...]