From auto-bid tools to cross-border transactions, here’s what you should expect from the alt fi sector September 7, 2016 The European alternative finance sector grew by 92 per cent to €5.4bn (£4.5bn) in 2015, according to Judge Business School’s latest report on the subject, Sustaining Momentum. Excluding the UK, that’s 10 per cent slower than in 2014, but shows, say the report’s authors, expansion across almost all alternative finance models. This slowing growth rate is [...]
New homes on sale in London this weekend: from Old Street’s industrial warehouses to family homes in Wimbledon Village August 18, 2016 City Wharf, Old Street From £770,000 Ten two bed apartments have been released for sale in this completed development on City Road. It’s in the heart of Tech City, which has just received a £25m boost from central government. In total, there are 64 studios to three bedroom apartments in the scheme overlooking the 19th [...]
City Moves for 19 September 2016 | Who’s switching jobs September 19, 2016 Chartered Management Institute The Chartered Management Institute (CMI) has named the senior financial services leader Bruce Carnegie-Brown as its new president elect. Bruce, who is also a Moneysupermarket.com non-executive chairman, will spend a year working with current CMI president Mike Clasper before starting his two-year term when Clasper steps down in September 2017. He has held a [...]
Relax! New report predicts UK will avoid severe recession and house pricing crash post-Brexit vote July 19, 2016 The UK can breathe a collective sigh of relief today, as a report revealed the country should avoid a drastic downturn following the Brexit vote. Although the figures from PwC forecast a slowdown in GDP growth for the next few years, they did not project very negative growth. The accountancy giant predicted GDP growth of 1.6 [...]
Housebuilder Crest Nicholson’s shares fall – despite rebuffing Brexit blues June 14, 2016 Nothing can dampen the profits of a housebuilder, not even Brexit – housebuilder Crest Nicholson this morning posted healthy results despite the uncertainty about the outcome of the UK's upcoming referendum. The figures In its half-year report this morning, Crest Nicholson announced pre-tax profits at the firm were up 26 per cent in the six months [...]
Dip in house price growth “caused by weak consumer confidence”, says Halifax – but others think it could be the Brexit effect May 9, 2016 UK house price growth actually dipped last month, with economists blaming weakening consumer sentiment for a slowing in annual increases. According to the Halifax House Price Index, average house prices fell 0.8 per cent in April to £212.321. This meant the annual change had slowed from 10.1 per cent recorded in the year to March to 9.2 per cent. [...]
China agrees to EU deal as steel industry crisis rumbles on July 13, 2016 EU leaders said today that they'd struck a deal with Beijing to discuss its flood of steel exports which have been blamed for the industry's crisis. It came as Chinese President Xi Jinping met European Council President, Donald Tusk, and European Commission President, Jean Claude Juncker, today. Juncker said the EU would use everything at its disposal [...]
Developer’s share price falls after it downgrades value of Nine Elms site due to falling house prices in central London July 5, 2016 A property company involved in London's Nine Elms development project has downgraded the value of its portion of the site. St Modwen cut £21m off the value of the site due to house prices in the central London area falling by 3.75 per cent. Nine Elms is one of the biggest residential building projects in the UK [...]
Scotch whisky distillery tours have boomed in the last five years, but here are three distilleries and breweries you can visit this weekend August 10, 2016 Och aye, the world of Scotch whisky has something new to raise a dram to. The number of visitors to Scotch distilleries boomed between 2010 and 2015, rising by 20 per cent to around 1.6m visitors last year, according to figures from the Scotch Whisky Association. Visitors to distilleries spent a total of £50m last year, [...]
David Cameron has said that Britain is in “a position of strength” to handle the aftermath of last week’s Brexit vote June 27, 2016 Prime minister David Cameron has sought issue reassurances on the UK's strength after markets have continued to struggle on the second day of trading since the vote to leave the EU. Speaking in the House of Commons, yesterday, Cameron said that Britain is in “a position of strength” as it seeks to confront the fallout from the vote to [...]