Persimmon cements strong 2016 as pre-tax profit jumps 23 per cent and revenues rise February 27, 2017 No shaky foundations here. Persimmon has announced a rise in underlying profit of nearly a quarter and growing sales for 2016 too as the FTSE 100 firm built more homes. Shares were up 1.53 per cent in early trading to 2,056p. Read more: Persimmon lays some strong foundations for 2017 The figures Full-year revenue rose eight [...]
Hays finance chief says Brexit uncertainty makes hiring overseas a logical choice for City firms January 12, 2017 The UK’s largest recruitment firm said City firms would choose job creation in Germany or France ahead of Britain while Brexit uncertainty remains. Hays revealed trading in the UK, which represents around a quarter of its global operations, had fallen for the second quarter in a row, down 10 per cent on a like-for-like basis [...]
Northern allure: What Stockport offers investors that London never could February 23, 2017 London property has long been the pinnacle of investment portfolios worldwide, but a slowdown in the capital’s market is prompting a shift in attitudes. For areas of the UK which have failed to grab investors’ attention in the past, large cash injections and a shift in government policy have helped fuel immense residential and commercial [...]
Morgan Stanley may move 300 UK jobs to Frankfurt or Dublin February 24, 2017 American investment bank Morgan Stanley could move 300 jobs out of the United Kingdom after Brexit and is already looking for new office space in Frankfurt and Dublin, according to reports. Plans are underway for an initial transfer of jobs to one of the two cities Bloomberg said. A spokesman for Morgan Stanley told City AM: “Our [...]
This housing chief thinks EU regulation protecting newts is holding back housebuilders December 4, 2016 Housebuiding in the UK is being held back by newts and other animals protected by EU regulation, one leading housebuilder has said. John Tutte, chief executive of housebuilder Redrow, has said that "we haven't got a shortage" of great-crested newts. But, due to shortages in places such as Spain, the amphibians are protected by EU [...]
UK’s rising population will support the housing market, says Moody’s November 2, 2015 The UK and Ireland’s expanding population combined with both countries’ housing supply shortage and “robust” economic growth will support demand and property prices, Moody’s Investors Service has said this morning. Moody's research comes amid warnings from UBS economists last week that London's property market is on the verge of bubble that could pop soon after [...]
Sterling rockets as Theresa May reveals Parliament will vote on Brexit January 17, 2017 Sterling has shot up after Theresa May’s flagship speech on Brexit, as the Prime Minister announced there will be a vote in both house of Parliament on triggering Article 50. Chancellor Philip Hammond also announced the UK would be leaving the EU’s Single Market, which was then confirmed shortly afterwards in the Prime Minister’s speech. [...]
UK house prices: There are now 10 buyers for each property on the market – with first-time buyers hit hardest January 4, 2016 Thinking of putting your house on the market this year? Now's the time to do it, after new figures suggested there are now 10 prospective buyers for each property on the market. The National Association of Estate Agents' (NAEA) November Housing Market Report showed the number of house-hunters grew 20 per cent in during the [...]
People are pretty confident UK house prices rose this month November 18, 2016 Forget the slightly precarious economic situation both at home and across the pond – UK households are fairly confident the price of their properties have risen this month, new research has suggested. Knight Frank's house price sentiment index was at 55.3 points in November – suggesting the overall view is that prices were up during [...]
London’s house prices had the UK’s lowest rate of annual growth last month December 12, 2016 Back in March, London was leading the UK's annual house price inflation, but the recent drop in prices and transactions in prime central property has led to annual change of just 0.1 per cent, meaning London's house prices had the lowest rate of annual growth in the country last month. For England and Wales as a whole, average [...]