Housing group Miller builds a solid profit May 5, 2015 MILLER Group said yesterday that profits soared by 233 per cent last year, fuelled by improved confidence in the housing market and a rise in home completions. The Edinburgh-based company, which has operations across the UK but outside of London, reported pre-tax profits of £34.6m in 2014 compared with £10.4m the previous year, with turnover [...]
City Moves for 25 June 2015 | Who’s switching jobs June 24, 2015 Nexus CIFS The trade credit insurer has announced the appointment of two commercial underwriters. Gavin Brown joins from Euler Hermes UK, where he has been working since 2006, most recently as an account manager. Philip Oldfield (pictured) has held roles at Aon and Amlin Credit. Artemis Ed Legget is joining the investment management firm to [...]
Analyst Views on UK house prices: What will happen next in Britain’s soaring property market? July 9, 2014 JEREMY DUNCOMBE | LEGAL AND GENERAL Despite this slight dip in house price growth in the last month, the overall trend shows an acceleration of house price increases, particularly in London. To nurse the market back to health, efforts need to be directed towards supporting house builders and ensuring that supply meets demand. [...]
From TfL Tube strike and Tom Hayes’ Libor conviction to Quindell and Fantasy Football: Here’s what got us talking this week August 7, 2015 There were singing farmers. There was a decapitated bus. And suddenly, in North Korea, there was a new time zone. Here's what got us talking this week 1) London was (over) grounded The second strike in two months brought London's Tube network to a halt, and while that meant we all had to [...]
UK house prices: Barratt Developments storms to highest ever number of forward sales May 13, 2015 Housebuilder Barratt Developments just beat its record for the highest number of forward sales. UK house price growth may have slid from the dizzying heights of last May, but Barratt is reaping the benefits of consistent market growth. The figures Throughout the 19 weeks to 10 May, Barratt said: “market conditions have remained strong throughout [...]
Moody’s warns of threat to UK economy from house price drop April 16, 2015 RATINGS agency Moody’s yesterday warned that the UK’s housing market posed a significant risk to the economy. Reviewing 50 episodes of house price declines, Moody’s analysts found that they were typically associated with a six per cent loss in GDP. It said that low interest rates, rising populations and slow construction had contributed to house [...]
The City needs smarter regulation – not the stability of the graveyard June 14, 2015 The City of London was firmly in the spotlight last Wednesday with the speeches given by the chancellor and governor of the Bank of England at Mansion House. Aside from the government’s sale of shares in RBS and Royal Mail, behaviour – or more specifically misbehaviour – in the City was the subject that dominated [...]
Mansion House speech: The age of irresponsibility is over, says Mark Carney June 10, 2015 Tens of thousands more City workers face an unprecedented crackdown on bad behaviour. The Bank of England last night recommended extending the senior managers’ regime to all fixed income, currencies and commodities traders at banks, as well as their counterparts at interdealer brokerages and buy-side asset managers. Bank of England governor Mark Carney also wants [...]
Dear Queen, here’s everything business wants you to say in your speech May 26, 2015 On Wednesday the Queen will give her Speech from the Throne, setting out the policy plan for the Conservative government. Big topics to be covered include the EU referendum, which Prime Minister David Cameron has promised to hold within the next two years, housing, immigration, and devolution for cities outside London. Many of the [...]
Mansion tax, shmansion tax: This £24m Notting Hill home sold just before the General Election May 29, 2015 Property types may have been worried about the looming spectre of a mansion tax during the run-up to the General Election – but that concern clearly didn't stretch to one billionaire buyer, who forked out £24m on a house in Notting Hill. An "unmodernised" end-of-terrace home on Kensington Park Gardens, which comes complete with eight [...]