House prices slide despite more activity May 9, 2011 HOUSE prices continued their decline last month despite increasing signs of the market stabilising, two separate surveys have shown. Prices were down 1.4 per cent in April, the Halifax announced yesterday, while this morning the Royal Institution of Chartered Surveyors (RICS) revealed that 29 per cent of surveyors are still reporting falling prices, compared to [...]
Landlords reap rewards as rents hit a record high May 19, 2011 LONDON rental prices have shot up by almost eight per cent over the last year, hitting their second-highest level on record and boosting landlords’ total annual returns above five per cent. The average monthly rent in London is now £988 – just £4 below its all-time high of £992 in November last year. Prices have [...]
Landlords reap rewards as rents hit a record high May 19, 2011 LONDON rental prices have shot up by almost eight per cent over the last year, hitting their second-highest level on record and boosting landlords’ total annual returns above five per cent. The average monthly rent in London is now £988 – just £4 below its all-time high of £992 in November last year. Prices have [...]
WHAT THE OTHER PAPERS SAY THIS MORNING May 31, 2011 FINANCIAL TIMES UK CONSUMER RECOVERY SET TO BE SLOWEST IN 180 YEARS The UK economy is set to experience the slowest pick-up in consumer spending of any post-recession period since 1830, according to a Financial Times analysis of official forecasts. Families are expected to spend just slightly more by 2015 than they were before the [...]
Busy lives and tight belts drive HomeServe growth May 24, 2011 HOMESERVE founder Richard Harpin (pictured) yesterday said penny wise homeowners keen to avoid costly disasters such as boiler breakdowns helped it grow last year. Revenues at HomeServe, which repairs and protects systems such as plumbing and heating, increased by 27 per cent to £467.1m in the year to March 2011 compared with 2010, as it [...]
Political squabbles bring damage to US dollar strength July 26, 2011 IN the US, the bickering over the raising of the debt ceiling is becoming ever more nasty. Democrats and Republicans are in a deadlock over increasing the $14.3 trillion cap on government borrowing. The dispute has got into a predictable rut: Republicans accuse Barack Obama of profligacy, Obama accuses the GOP of pettiness and then [...]
What the other papers say this morning January 16, 2011 FINANCIAL TIMES RBS DIRECTOR TO STEP DOWN FROM BOARD One of the last Royal Bank of Scotland directors to remain on the bank’s board from the days of Sir Fred goodwin is poised to step down from his role. Colin Buchan, 56, a former UBS investment banker who until recently was chairman of RBS’s remuneration [...]
What the other papers say this morning January 16, 2011 FINANCIAL TIMES RBS DIRECTOR TO STEP DOWN FROM BOARD One of the last Royal Bank of Scotland directors to remain on the bank’s board from the days of Sir Fred goodwin is poised to step down from his role. Colin Buchan, 56, a former UBS investment banker who until recently was chairman of RBS’s remuneration [...]
PERSONALITY OF THE YEAR | The shortlist June 19, 2011 The past year has not been an easy one for the City of London, overshadowed as it has been by the austerity programme in the UK and the Eurozone crisis. But there will be much to be optimistic about and to celebrate at City A.M.’s second annual awards ceremony on 21 September. Our personality of [...]
BBC markets its Television Centre HQ June 13, 2011 THE BBC yesterday put its historic Television Centre on the market. The iconic grade II listed building, located near the Westfield shopping mall, is expected to fetch up to £300m. The broadcaster, led by director general Mark Thompson (pictured) said yesterday it will consider joint venture proposals, which could leave it with some presence at [...]