PARTY HOPPING AS TCHENGUIZ TWO SAY THE CANNES SHOW MUST GO ON March 10, 2011 THE Capitalist was amused to see that the statement made on behalf of the Tchenguiz brothers following their release without charge on Wednesday night made it clear the pair are “free to travel”. Why so critical that the property tycoons, who were arrested by the Serious Fraud Office and held for 12 hours in connection [...]
500,000 households in negative equity December 12, 2010 CLOSE to half a million British households could be facing negative equity, according to survey released today by the Bank of England. Between four and five per cent of mortgage holders owe more than the value of their properties, it was revealed in the Bank’s final quarterly bulletin of this year. There are 11.4m mortgages in [...]
500,000 households in negative equity December 12, 2010 CLOSE to half a million British households could be facing negative equity, according to survey released today by the Bank of England. Between four and five per cent of mortgage holders owe more than the value of their properties, it was revealed in the Bank’s final quarterly bulletin of this year. There are 11.4m mortgages in [...]
GOOD TIMES FOR EQUITIES MAY NOT LAST December 20, 2010 CFD MARKET STRATEGIST, GFT DESPITE a couple of nasty dips earlier this year, 2010 is ending on a high note for equity investors. Worries over the European debt crisis, concerns about stubbornly high US unemployment and a crippled housing market, and growing fears of inflation in emerging markets have failed to inflict serious damage to [...]
London is still at forefront of business world January 16, 2011 THERE is no doubt in my mind that despite the uncertainty surrounding taxation and regulation and despite the continuing public anger, unfavourable media reports and a degree of political point-scoring, the City of London remains – in the eyes of the international business community at least – one of the most attractive financial centres in [...]
London is still at forefront of business world January 16, 2011 THERE is no doubt in my mind that despite the uncertainty surrounding taxation and regulation and despite the continuing public anger, unfavourable media reports and a degree of political point-scoring, the City of London remains – in the eyes of the international business community at least – one of the most attractive financial centres in [...]
Carpetright in profit blow as sales tumble December 14, 2010 CARPETRIGHT, the country’s biggest floor coverings retailer, said the outlook for 2011 looked poor as sluggish mortgage approvals meant housing market activity was unlikely to pick up quickly. British mortgage approvals, which are a key lead indicator for Carpetright, fell to 30,766 in October, their lowest monthly level in more than one and a half [...]
Focus On Romford January 20, 2011 THE GATEHOUSE Price: £189,000 Ever fancied living in a brewery? This light and airy two bedroom apartment is worlds away from its former incarnation as part of the Romford Brewery Company. A central location (the railway station is just a short walk away) makes this property a good bet for commuters too. Contact: Haart of [...]
Two dangers to look out for in 2011 November 30, 2010 AS readers know, I am relatively sanguine about the outlook for the global and UK economies next year. But this doesn’t mean that I’m blind to the risks facing the recovery. Two in particular worry me. The first is the possibility of a break-up of the euro. Arturo de Frias at Evolution Securities has crunched [...]
CITY MOVES | WHO’S SWITCHING JOBS January 25, 2011 RSM Tenon The seventh largest accountancy firm has named accountant Peter Musgrave as head of its enlarged London office. RSM Tenon has brought together teams from four offices into the central London location in Chiltern Street in the West End and created a 450 strong team covering all the Group’s services. Peter previously ran the [...]