Hammerson announces £500m property disposal programme as it swings to a loss February 25, 2019 Shopping centre owner Hammerson has outlined plans to offload more sites in a bid to raise more than £500m following activist investor pressure. The figures The disposal programme was outlined in Hammerson’s full-year results for 2018, in which the firm announced a £268.1m loss. In the year to 31 December net rental income dropped 6.2 [...]
Asian stocks, oil prices fall as second wave fears grow June 15, 2020 Asian stocks stumbled on Monday and oil prices slipped as fears of a second wave of coronavirus infections in Beijing sent investors scurrying for safe-havens. Meanwhile, underwhelming data from China further weighed on investor sentiment. MSCI’s broadest index of Asia-Pacific shares outside Japan was down 0.3 per cent with Australian shares off 0.1% and South [...]
New homes: Our pick of the new builds going on sale in London this week December 11, 2018 New developments on the market this week Hampstead Manor, Hampstead £1.75m (show apartment asking price) A show apartment launched this week in a key heritage restoration project in north west London. Part of a larger scheme that also includes new builds, this two bedroom home is in a converted building called Dudin Brown, which dates [...]
US stocks plunge again despite Fed coronavirus stimulus March 16, 2020 US stock markets have plunged despite the US Federal Reserve last night again slashing interest rates as investors anticipate a global recession caused by the coronavirus outbreak. The S&P 500 dropped more than eight per cent when Wall Street opened, causing a so-called circuit breaker designed to stop panic selling to kick in. Stocks continued [...]
Oil prices slump three per cent to post biggest monthly loss of 2019 June 1, 2019 Oil prices fell by more than three per cent on Friday, posting its biggest monthly drop of the year. It came in the wake of Donald Trump’s threats to impose tariffs on Mexico, a major supplier of crude oil. Read more: Oil prices fall on fears of escalating US-China trade war Brent crude prices fell $2.38 [...]
New homes: Our pick of the new builds going on sale in London this weekend November 2, 2018 New developments on the market this week So Resi, Sydenham From £130,000 for a 25 per cent share of a two bed New homes in south east London with excellent commuting times have been released on a part-buy part-rent basis. Prospective homeowners can buy a share of a one, two or three bedroom apartment in [...]
FTSE 100 plunges despite Fed’s coronavirus ‘bazooka’ March 16, 2020 The FTSE 100 has plunged despite the US Federal Reserve slashing interest rates to near zero in an emergency move to curb the fallout of the coronavirus pandemic. The blue-chip index was last down seven per cent as traders reckoned with the ongoing spread of coronavirus and shrugged off the Fed’s surprise intervention. Airlines and [...]
Queen’s Birthday Honours: the full 2021 list June 12, 2021 Below the full list of names for this year ORDER OF THE BRITISH EMPIRE Knights Grand Cross of the Order of the British Empire (GBE) The Rt. Hon. Frederick Richard Penn Curzon, The Earl Howe. For political and parliamentary service. (Amersham, Buckinghamshire) ORDER OF THE BATH Knights Commander of the Order of the Bath (KCB) [...]
New homes: Our pick of the new builds going on sale in London this weekend April 5, 2019 New developments on the market this week Filmworks, Ealing From £669,950 The final homes near the famous Ealing Studios are on sale in west London. Named Chapman House, after Graham Chapman who filmed Monty Python sketches at the nearby film studios, they’ll include a new eight-screen Picturehouse cinema and 46 one, two and three bedroom [...]
Hammerson shrugs off retail woes as it treads water on Intu takeover ahead of Klepierre deadline April 5, 2018 Shopping centre owner Hammerson today said it had a strong start to the year despite ongoing challenges for the high street. The firm also provided an update on its proposed takeover of Intu, saying it is holding off on shareholder documents as it awaits the next move from French firm Klepierre. Earlier this month, real [...]