London house price danger flagged by IMF review June 6, 2014 The UK's government has this morning received a far more glowing appraisal from the International Monetary Fund (IMF) than it has become used to. The supranational organisation has delivered its Article IV mission findings, noting that the UK's economy "has rebounded strongly and growth is becoming more balanced". Among its other points, the IMF lists [...]
UK vs ECB: Britain squares up to Eurozone in legal battle for City’s rights July 9, 2014 British lawyers accused the European Central Bank (ECB) of breaking the single market rules in a landmark case yesterday. By insisting euro-denominated payment transactions are cleared within the Eurozone, the ECB is breaking the law, the Treasury argued. The UK complained in 2011 but it has taken until now to reach the European Court of Justice [...]
Exclusive: Wealth manager ponders market listing in London July 17, 2014 THE OWNER of sandwich takeaway chain Pret a Manger is evaluating plans to list one of the UK’s biggest wealth managers on the London stock market, the latest in a string of potential new issues from mid-market buyout firms. UK-based private equity house Bridgepoint is evaluating a potential initial public offering (IPO) for Quilter Cheviot, the [...]
Foxton’s prepares for housing market slowdown in London August 27, 2014 Investors fled Foxton’s shares yesterday after the London property agent warned that it expected a slowdown in the housing market in the second half of the year. The company, which floated in September last year, said measures introduced by the Bank of England to temper mortgage lending and the expectation of a hike in interest [...]
London house prices surging June 17, 2014 LONDON house prices jumped by 18.7 per cent in the year to April, nearly three times as fast as the rate in the rest of the country and the most rapid increase since mid-2007. The capital’s house prices are now nearly one third higher than they were before the financial crisis, up 31 per cent [...]
China housing bubble creates concrete ghost cities June 16, 2014 China’s growth is well documented and its property market the topic of much conjecture. There is nothing like a stark statistic to put this into context: according to Bill Gates’s article in Quartz, China has used more concrete in the last three years than the US did in the 20th century. There are just 7,758,818 [...]
Concrete data on China’s construction bubble June 16, 2014 China's growth is well documented and its property market the topic of much conjecture. There is nothing like a stark statistic to put this into context: according to Bill Gates's article in Quartz, China has used more concrete in the last three years than the US did in the 20th century. There are just 7,758,818 [...]
London house price rises reach 20.1pc, with UK prices up 10.5pc July 15, 2014 House prices rose 10.5 per cent year-on-year for the 12 months to May 2014, outstripping the 9.9 per cent rise registered for the same period last year and higher than the 10.2 per cent expected by forecasters. Rises were largest in London where prices increased by 20.1 per cent, higher even than April's 18.7 per [...]
What does The Engine Group do? July 30, 2014 ■ Nestled in offices behind Oxford Circus, the Engine Group describes itself as an integrated marketing communications group, which owns ad agency WCRS, PR group MHP Communications, digital shop Jam and direct marketing specialist partners Andrews Aldridge, among others. ■ Engine’s UK chief executive, Debbie Klein, stressed that the group would retain its independence after [...]
The billionaire philanthropist: Chemical magnate Jon Huntsman talks egg boxes and saving lives January 4, 2015 Most men lead lives of quiet desperation and go to the grave with the song still in them.” That is what Jon Huntsman Senior, the self-made billionaire who has given away over 80 per cent of his wealth, said to me when I asked him what message he would like to send to today’s wealthy. [...]