Developer jumping into virtual world to showcase new homes October 24, 2013 Managing director of London developer St George shows Melissa York around their new, hi-tech show suite in Mayfair A BOX of light glows on the top of a miniature tower, signifying a new home. A tap of a tablet later and a screen stretching from floor-to-ceiling presents you with a high-definition view from your new [...]
UK service sector growth slows slightly but still strong at 60.3 October 3, 2013 The UK services sector is still expanding in September, with a strong PMI reading of 60.3. Although in line with expectations this is a bit of a slowdown from August's reading of 60.5. The sector's strong performance marked the end of the best quarter since Q2 1997, with analysts estimating UK economic growth for the [...]
City A.M.’s bumper Autumn Statement preview December 3, 2013 As chancellor George Osborne gets set to unveil this year's Autumn statement on Thursday, we've pulled together all the expected announcements, and what others are hoping for. Ladbrokes have 11/5 odds on the speech to run for 45 to 50 minutes (it's scheduled to start at 11.15am). You'll get 6/4 odds on the speech running [...]
More houses for developer Redrow September 18, 2013 British house builder Redrow has announced plans to reinstate a dividend following successful results for the first half of 2013. (Release) In the year to June, pretax profit was up 63 per cent to £70m with group revenue increasing 26 per cent to £604.8m. As a result of improved figures, Redrow's board has proposed reinstating [...]
Father v son: who will master the snowboard? February 9, 2014 Ski fan Keith Perry swapped his skis for a snowboard at Les Deux Alpes to see if he could give his son a run for his money on the slopes THE FACT that I fall into the so-called “grays on trays” category – snowboarders of a certain age – should have warned me off. That, [...]
Focus on… Hammersmith: It’s Hammersmith time in London September 26, 2013 HOMES in Hammersmith are increasing in value as young professionals and families compete for properties in the area. Bordered by Shepherd’s Bush in the north and Fulham in the south, the west London area has found its housing stock in short supply in recent years, leading to an average of six applicants per property and [...]
Help to Buy unlikely to spur new house building August 6, 2013 THE PRICE of housing is being driven upward by the government’s Help to Buy policy, but may not stimulate new building, according to ratings agency Fitch. Though the intention of the scheme is to get more people a place on the housing ladder, Fitch expects that chancellor George Osborne’s mortgage guarantees will mostly push up [...]
What you need to know before the open – 23/10 October 23, 2013 US markets continued to climb yesterday after US job numbers missed expectations, sending the S&P500 to new record highs for the third day in a row. Despite the upward revision to the jobs data, markets seem to be interpreting this as a staving off of tapering. European markets seem more restrained this morning, following a [...]
Hugo Boss sales rise outside China July 31, 2013 German fashion house Hugo Boss joined luxury rivals in reporting a rise in second-quarter sales as shoppers in the United States and Japan helped to offset what it termed a “still challenging” market in mainland China. Hugo Boss reported second-quarter sales up 11 per cent on a currency-adjusted basis to €532m (£464m) and underlying earnings [...]
Art lovers drive first-half sales to new record high at Christie’s July 16, 2013 A GROWING appetite for art has boosted revenues at auction house Christie’s, which said yesterday that global sales hit £2.4bn in the first six months of 2013, a record high for the third year in a row. Worldwide sales rose 13 per cent year-on-year in the first half of 2013, while private sales grew by [...]