City Moves | Who’s switching jobs October 28, 2012 TheCityUK Gerry Grimstone has succeeded Stuart Popham as chairman of the City representative body. He is chairman of Standard Life and a member of Deloitte’s board. Outgoing chairman Popham is vice chairman of Europe, Middle East and Africa (EMEA) banking at Citigroup. State Street William Slattery has been appointed head of the financial services firm’s [...]
Graduates winning race for houses September 2, 2012 Graduates are coming out ahead in the race to get a foot on the property ladder, Rightmove said today. Of those intending to buy their first property in the next 12 months, 30 per cent have a degree, and 39 per cent had a postgraduate qualification.
BEST of the BROKERS August 22, 2012 RIGHTMOVE Peel Hunt has a “sell” rating on the property search firm with a target price of £11.80. The broker believes that Rightmove’s better-than-expected revenues in the first half were a one-off, and that its shares remain fundamentally overvalued. ARM HOLDINGS S&P Equity Research rates the tech group “buy” and has raised its target price [...]
House prices in Olympic slump August 16, 2012 House prices were clobbered in their biggest ever August fall, as the Olympics depressed housing market activity, said Rightmove in research published today. Prices fell 2.4 per cent, the largest fall Rightmove has ever recorded for August. Online search activity plunged during key Olympic moments such as “super Saturday” and the opening and closing ceremonies, [...]
BEST of the BROKERS August 2, 2012 ANTOFAGASTA UBS has edged up its target price on the miner to 870p from 850p formerly – “a quality premium is justified by the strength of its balance sheet, low cost operations and transparency”, the banks said yesterday. However, it leaves its “sell” recommendation on the stock unchanged. RIGHTMOVE N+1 Brewin has ramped up the [...]
London leads July drop-off in house prices July 15, 2012 House prices dived in July, after a double hit from bad weather and sporting distractions, according to Rightmove’s July House Price Index released today. The average property asking price was £242,097 in July, 1.7 per cent lower than the £246,235 recorded in June. However this average was still 2.3 per cent up on the year, [...]
Public finances put chancellor in the spotlight September 16, 2012 CHANCELLOR George Osborne will be under the spotlight again this week, with the release of the UK’s public finance figures for August. Last month’s shock news – that the deficit grew by £600m rather than falling by £2.8bn in July – means Friday’s figures will give an even clearer indication of whether the government can [...]
Capital’s houses beat inflation while rest of the UK struggles June 17, 2012 Property prices in London and the south west have reached a fresh high, Rightmove data showed this morning. Average house prices across the UK rose by one per cent to £246,235 from May to June, while London’s prices rose 1.7 per cent to an average of £477,440. In comparison to August 2007, national prices are [...]
LONDON WEEK AHEAD July 29, 2012 RESULTS season continues with a slew of banks, energy and leisure firms due to update this week, while the Bank of England’s monthly decision on interest rates is due on Thursday. Today’s biggest news comes in the form of interims from under-fire banking giant HSBC and household goods behemoth Reckitt Benckiser. The Bank is set [...]
Jump in adults priced out of flying the nest May 29, 2012 SOARING rents and large deposits are making it increasingly difficult for young people to buy a home, industry data showed yesterday. Figures from the Office for National Statistics (ONS) recorded a 20 per cent jump in the number of young adults living with their parents since 1997, while figures from Rightmove showed that 30 per [...]