Super-prime time: London surge in high end house sales January 24, 2019 Wealthy buyers have been on a spending spree for multi-million pound trophy houses during the last year, with demand for London’s ‘super prime’ residences bucking a wider slowdown in the capital’s property market. Despite political uncertainty ahead of Britain’s imminent departure from the EU and plans for a new stamp duty on international buyers, activity [...]
Mortgages are up but don’t get too excited April 19, 2024 What should we read into recent signs of a gradual recovery in the mortgage market? The answer is, it depends. Taking into account distortions caused by the work-from-home exodus from London and the cost of living and it looks like we may simply be returning to precedented times, says Steven MacDonald When it was announced [...]
FTSE 100 close: Markets close lower as housebuilders weigh on index June 7, 2023 Strong morning bumps for Primark-owner Associated British Foods and BT were offset by a slump for housebuilders today as the FTSE 100 closed marginally lower. A slump in trading for housebuilders kept movement on London’s flagship index subdued, with the index closing lower. Housebuilders were down after figures from Halifax showed a first annual fall [...]
‘Fizz has left the market’: House prices fell by 0.6 per cent in January as average property value plummets February 1, 2023 The average UK house price fell by 0.6 per cent in January, according to Nationwide Building Society. Annual house price growth slowed to 1.1 per cent , from 2.8 per cent in December, and the typical property value is now 3.2 per cent lower than its August peak, the lender said. The average UK house [...]
FTSE 100 live: London slow as retail sales dip and China concerns weigh UK down August 18, 2023 The FTSE 100 continued Friday in sluggish fashion as UK retail sales fell almost double the amount expected. London’s premier blue-chip index dipped as much as 0.8 per cent in early trading, slouching at 7,251.32, 0.8 per cent down by midday. Nearing market close, it fluctuated between 0.8 and one per cent with largest caller [...]
Former Dragons’ Den star Theo Paphitis targets first Boux Avenue profits May 15, 2024 Former Dragons' Den star Theo Paphitis is targeting a first ever profit for his lingerie stores chain Boux Avenue despite its losses widening.
Protein Works: Sales and profit spike at challenger brand May 24, 2024 The company behind challenger brand Protein Works saw its sales and profits jump during its latest financial year.
Sotheby’s sells Michael Schumacher’s iconic Formula One Ferrari for record-breaking £14m November 10, 2022 Sotheby’s said this morning has sold the iconic F2003-GA chassis no. 229 at Sotheby’s Luxury Week sale in Geneva for 14,630,000 CHF, or close to £14m, making it the most valuable Formula One car of the modern era ever sold. The previous record was held by another ex-Michael Schumacher Ferrari, an F2001, which sold for [...]
Mortgages: How the BoE’s twelfth consecutive rate rise will affect homeowners May 11, 2023 Homeowners on tracker mortgages could see their annual bills increase by £5,008 a year following the Bank of England’s twelfth consecutive rate rise on Thursday, though analysts have said the latest rise will not have a substantial impact on the housing market. The monetary policy committee (MPC) voted 7-2 in favour of raising borrowing costs [...]
Charles Tyrwhitt’s sales success sees The White Company owner pass £500m May 1, 2024 The group behind The White Company has seen its turnover surge past £500m thanks to the success of menswear brand Charles Tyrwhitt, it has been revealed.