UK house prices: Growing gulf between supply and demand is heating up the property market September 10, 2015 House prices could rocket even faster than previously forecast, as research reveals that accelerating demand for homes is coming up against a brick wall of scant supply. Prices are set to climb six per cent this year, the Royal Institution of Chartered Surveyors (RICS) said today, doubling the estimate it made at the start [...]
Trading update fails to excite investors as OneSavings Bank’s share price falls November 2, 2016 Double-digit growth is still on the cards at OneSavings Bank despite yesterday's resignations of two key board members. Shares in the challenger bank fell by over 1.5 per cent after it updated the market on trading this morning. The bank grew its loan book by 13 per cent for the first nine months of the year and net loans [...]
City Moves for 14 November 2016 | Who’s switching jobs November 14, 2016 Valad Europe Valad Europe, part of Cromwell Property Group, a global real estate investment manager, has hired Robin Macpherson as head of risk, Europe. Reporting directly to David Kirkby, CEO, Europe, Robin will be responsible for all aspects of risk management affecting the European business. The role will include leading and overseeing legal and compliance issues [...]
Bovis Homes’ sales hit immediately after the EU referendum August 15, 2016 Bovis Homes' sales were hit by the Brexit vote, but have stabilised since as the market absorbs the news that the UK will be leaving the EU. Chief executive David Ritchie said sales were impacted in the weeks immediately following the EU referendum, but have increased since then to become "more of a normal summer market". [...]
Wanted: A market breakthrough to solve poverty in rich countries October 20, 2016 What is the point of a free market system? It’s to lift people out of poverty, giving them a better life, richer in every way. By this test, free markets have been fantastically successful historically. But rich countries, from the UK and America to those in Europe, have done nothing much for the poor in [...]
Euronext weighs bid for LSE Paris business LCH SA October 2, 2016 Euronext – the owner of the main Paris, Dutch, Portuguese and Belgian stock exchanges – is mulling a bid for the London Stock Exchange’s (LSE) Paris-based clearing house. It’s thought the LSE’s Paris business, called LCH SA, could be worth up to €500m (£386m). The London Stock Exchange wants to offload the business to ease [...]
House prices: China stock market crash ripples add to overseas and UK property costs September 9, 2015 City A.M. billed it as ‘Shanghai Shockwave’ and that summed up the wider impact of China’s great sell-off. Stock markets tumbled the world over and mainstream newspapers conveyed public concerns over pensions and investments. The currency market was also rocked. The pound weakened sharply against the euro as expectations of a Bank of England interest [...]
Brickgate: A war is kicking off in the construction industry after estate agents claimed there is a shortage of bricks August 25, 2016 Forget Jeremy Corbyn versus Owen Smith – there's a new feud in town. You might say relations between these two are rather stony… Brick makers have taken issue with research put out earlier today by the National Association of Estate Agents (NAEA) and the Centre for Economics and Business Research (Cebr), which suggested not only [...]
Opinion: Rightmove’s housing index shows that London may have fallen, but it’s sunny in the Shires August 18, 2016 The latest housing index from Rightmove has caused a stir, revealing that prices have hit their lowest point since November and have dropped 1.2 per cent nationwide. Londoners in particular seem hardest hit with the average price falling 2.6 per cent. It’s very easy to put the entire blame on Brexit and increases in Stamp Duty, but [...]
London house prices will recover after their Brexit wobble, experts have promised September 8, 2016 London house prices may have been disappointing in recent months, but things are about to look up, according to the Royal Institution of Chartered Surveyors (RICS). Figures published this morning suggested sentiment in London's residential property market was showing "signs of improvement", with sales expectations moving into positive territory and price expectations stabilising in August. Read [...]