Housebuilder Berkeley warns UK housing market ‘lacks urgency’ September 5, 2018 Housebuilder Berkeley Group has warned of Brexit “headwinds” harming the UK housing market’s prospects for growth, with London and the south east particularly affected. However, it expects to post strong financial performance for the four months to the end of August, the construction firm said in a trading update it will share at its annual [...]
Paragon share price jumps as loan sale pushes up profits amid strong buy-to-let pipeline September 18, 2018 Challenger bank Paragon today announced a "reverse profit warning" after it sold a portfolio of loans, while it also sees a strong pipeline of buy-to-let loans. In an unscheduled trading update published today, Paragon said the premium for which it sold the assets will have a positive impact of seven pence per share on final [...]
Paragon share price jumps as loan sale pushes up profits amid strong buy-to-let pipeline September 18, 2018 Challenger bank Paragon today announced a "reverse profit warning" after it sold a portfolio of loans, while it also sees a strong pipeline of buy-to-let loans. In an unscheduled trading update published today, Paragon said the premium for which it sold the assets will have a positive impact of seven pence per share on final [...]
Newspaper giant Johnston Press sold out of administration November 17, 2018 Johnston Press, the owner of publications such as the I newspaper, The Scotsman and the Yorkshire Post, has been sold out of pre-pack administration after appointing administrators earlier today. The publishing house put itself up for sale last month as it sought to refinance £220m of debt that was due to be paid back next [...]
Russian banking giant drops US arm as geopolitical tensions mount September 3, 2018 Fragile political tensions between Moscow and Washington, D.C. took a turn for the worse this evening, as Russia’s second biggest bank revealed it has sold its New York-based business. Citing geopolitical reasons, Russian financial services provider VTB said it had disposed of its US broker arm VTB Capital, which is now an independent company called Xtellus [...]
Prime time: Property prices soar for London’s most expensive homes August 10, 2018 Prices for central London’s most expensive properties have risen at their fastest levels in almost three years, amid signs that confidence is starting to return to the capital’s high-end residential market. Central London’s prime house prices rose 1.2 per cent over the second quarter of the year, marking the highest annualised growth since autumn 2015. [...]
Housebuilder MJ Gleeson beats housing market blues as profits swell September 17, 2018 Housebuilder MJ Gleeson hailed a rise in profits for its full financial year, crediting it to a growing demand for low-cost homes in the Midlands and the north of England. The figures Profits before tax grew 12 per cent to £37m in the 12 months to the end of June, compared to the same period [...]
Housebuilder MJ Gleeson beats housing market blues as profits swell September 17, 2018 Housebuilder MJ Gleeson hailed a rise in profits for its full financial year, crediting it to a growing demand for low-cost homes in the Midlands and the north of England. The figures Profits before tax grew 12 per cent to £37m in the 12 months to the end of June, compared to the same period [...]
Opinion: Ten years on from the financial crash, the property market is in recovery but should emerge stronger than ever September 14, 2018 It might all be about Brexit now, but let’s not forget what happened 10 years ago. Recessions sparked by problems in the financial markets are widely recognised as being deeper and more prolonged than other downturns. And this certainly seems to be the case with the financial crash and the fall of Lehman Brothers 10 [...]
Opinion: Ten years on from the financial crash, the property market is in recovery but should emerge stronger than ever September 14, 2018 It might all be about Brexit now, but let’s not forget what happened 10 years ago. Recessions sparked by problems in the financial markets are widely recognised as being deeper and more prolonged than other downturns. And this certainly seems to be the case with the financial crash and the fall of Lehman Brothers 10 [...]