This week: Housebuilding space to come under spotlight with key players revealing results September 5, 2022 Investors will get a good idea of how the housing market is faring with a trio of leading housebuilders unveiling financial results this week. Barratt Developments, Berkeley Group and Vistry are all set to update shareholders on their performance amid reports the housing sector is losing steam. London-listed housebuilding giants Barratt, Berkeley, Persimmon and Taylor [...]
City Moves: Who’s switching jobs in the Square Mile? August 18, 2022 A roundup of the most important hires and job moves across the City, every morning. Email citymoves@cityam.com to be featured. Allen & Overy Law firm Allen and Overy has announced a new partner to lead its India Corporate practice. Harsh Pais joins A&O after an 11-year stint as a partner at Indian firm Trilegal, where he co-headed the [...]
Inflation overshoot spooks investors as FTSE 100 house builders tumble August 17, 2022 London markets were shaken today by concerns that inflation is firming in the UK as housebuilders suffered heavy losses on the prospect of more rate hikes. The capital’s premier FTSE 100 index dropped 0.27 per cent lower to 7,515.75 points, while the domestically-focused mid-cap FTSE 250 index, which is more aligned with the health of [...]
Time to pour cold water on the FUD and misinformation from Bitcoin doubters July 16, 2022 Crypto AM's Dr Chris Kacher thinks the heat needs turning down on the current crypto FUD spread that reminds him of 2014 and 2018.
NSO Group nabbed £1.9bn EY valuation despite emergency bailout June 27, 2022 Israeli spyware firm NSO Group was given a $2.3bn (£1.9bn) valuation by EY just months before requiring a $10m emergency bailout.
Berkeley Group profits rise to over £550m after ‘exceptionally volatile period’ June 22, 2022 The boss of property developer Berkeley Group hailed “extraordinary” progress made in the past year today as the firm posted a 6 per cent rise in pre-tax profits for the full year to April.
Housebuilders tank on stock market with investors ‘nervous’ about mortgage rates June 20, 2022 Housebuilders lead the London Stock Exchange’s top fallers today, after the latest house price data cautioned the tightening of purse strings amid a cost of living crisis. Barratt Developments and Berkeley Group led the descent, falling a little over four per cent each. While Persimmon dove 3.7 per cent, Ashtead slipped 2.8 per cent and [...]
Week ahead: City braces for further inflation surge June 19, 2022 Investors are bracing for fresh data this week to point to a further surge in UK inflation, sending the rate of price rises beyond an already 40-year high. London’s FTSE 100 last week was caught up in one of the most volatile weeks for global stock markets since the early days of the pandemic. It [...]
Housebuilder Berkeley snags former Schroders CEO as new chairman June 8, 2022 Berkeley Group, one of the UK’s biggest housebuilders, has chosen a Schroders asset management veteran to helm its board, as British real estate climbs the ranks in asset value. City grandee Michael Dobson and former Schroders CEO and chairman will join the board of the Berkeley with immediate effect, the housebuilder said today. It will [...]
M&A quarterly transactions down as investors nervy amid war in Ukraine June 7, 2022 The number of merger and acquisition transactions in the UK has plunged in the first quarter of the year, versus the end of last year. According to fresh figures published by the Office for National Statistics, there were some 370 completed M&A deals in the first quarter of the year. This was a significant drop [...]