Carney: House price boom set to end in 2016 January 18, 2014 BANK of England governor Mark Carney expects the recent surge in the property market to cool by 2016, as figures today confirm that house sales have returned to levels last seen in early 2008. The governor said that he is projecting “a continuation of the current momentum into 2014, before decelerating around the middle of [...]
It’s time we ended the pretence that planning rules come without a price September 2, 2013 MOST agree that the UK housing market has long been stuck in an affordability crisis. Despite a fall in prices since 2007, Nationwide recently calculated that the typical house now costs 5.1 times average earnings, up from 3.9 a quarter of a century ago. In London, the ratio has risen from 5.7 to 7.7. And [...]
What the other papers say this morning – 24 March 2014 March 24, 2014 FINANCIAL TIMES Heseltine takes control of Haymarket Michael Heseltine has taken full control of Haymarket, the publishing group he co-founded 50 years ago, as it restructures to move its flagship consumer titles online and expand internationally. The 81-year-old former Conservative politician is betting on a recovery in the fortunes of Haymarket, which made a pre-tax [...]
House prices rise six times faster than earnings January 8, 2014 HOUSE prices rose by 7.5 per cent in 2013 as the property market increased six times faster than the rate of typical incomes last year. Halifax, which released the annual figures yesterday, said prices rose 1.9 per cent in the last three months of the year alone. Earnings only rose by 1.1 per cent between [...]
Carney: House price boom set to end in 2016 January 15, 2014 BANK of England governor Mark Carney expects the recent surge in the property market to cool by 2016, as figures today confirm that house sales have returned to levels last seen in early 2008. The governor said that he is projecting “a continuation of the current momentum into 2014, before decelerating around the middle of [...]
Woodford adds to sales line up at new venture January 21, 2014 NEIL Woodford, the UK’s most powerful fund manager, has poached his former salesman to come and work with him in a new role at Oakley Capital Management. The fund star, who leaves his current role at fund house Invesco Perpetual at the end of April, has recruited former Invesco head of equity products Nick Hamilton [...]
City Moves for 17 March 2014 | Who’s switching jobs March 17, 2014 Chelverton Asset Management The asset management firm has appointed Richard Bucknell as an investment director in its unquoted equities team. Prior to joining, Bucknell held senior investment management positions at Barclays Ventures. Insparo Asset Management The Africa and Middle East specialist investment firm has hired Peter Lindqvist as head of sales and marketing. Lindqvist was [...]
Tech resentment in San Francisco is ignoring the real culprit: Government February 4, 2014 RENTS are rising, pushing people on low incomes out of the neighbourhoods they’ve lived in for years. Resentment towards the rich is growing, with the most profitable and dynamic industries singled out for the most ire. Talk of a cost of living crisis, driven above all by the cost of housing, is dominating politics. This [...]
Tech resentment in San Francisco is ignoring the real culprit: Government February 3, 2014 RENTS are rising, pushing people on low incomes out of the neighbourhoods they’ve lived in for years. Resentment towards the rich is growing, with the most profitable and dynamic industries singled out for the most ire. Talk of a cost of living crisis, driven above all by the cost of housing, is dominating politics. This [...]
Mulberry profit warning sends shares tumbling 27pc January 29, 2014 Luxury brand Mulberry has issued a surprise profit warning this morning, after Christmas trading in the UK got worse and wholesale cancellations in Korea were worse than anticipated. Shares have nosedived on the news, currently down well over 25 per cent. The fashion house, which has furnished the likes of Victoria Beckham and Katherine Jenkins [...]