PROPERTY NEWS January 13, 2011 REMEMBER THE RIGHT TO MANAGE Leaseholders should “take control” of their properties and stop getting “ripped off” by managing agents, says block management specialists Urban Owners. Over 70 per cent of lease-holding flat owners are unaware of the Right to Manage – government legislation which gives them the right to take over the management of [...]
Bellway December 7, 2010 After a tough autumn for its shares, in part due to the fiscal crunch, Bellway looks well-priced in light of its third-quarter interim statement. Despite the fall in year-on-year unit sales, it beat consensus expectations and analysts are still setting their target price higher than its 612.5p close yesterday. The company has issued guidance suggesting [...]
CITY VIEWS: DO YOU THINK THE FTSE 100’S RALLY WILL CONTINUE? December 8, 2010 ALI ALIDJAN | THOMAS EXCHANGE “I find every bit of this good news, because things are getting much better. Investors have more confidence in the future. Everything that’s low is only going to get better again.” GAVIN CLARK | GARTMORE “I think it could be too early to tell. For one thing, the housing market [...]
Taylor Wimpey in volatility warning June 28, 2010 HOUSEBUILDER Taylor Wimpey has warned that conditions in the UK housing market remain volatile despite signs of greater stability in recent months. The FTSE 250 group said private sales rates for the year to date are “broadly in line” with those in the first half of 2009 at an average of 0.58 sales per site [...]
Taylor Wimpey in volatility warning June 28, 2010 HOUSEBUILDER Taylor Wimpey has warned that conditions in the UK housing market remain volatile despite signs of greater stability in recent months. The FTSE 250 group said private sales rates for the year to date are “broadly in line” with those in the first half of 2009 at an average of 0.58 sales per site [...]
The boss of the UK’s largest broker sees a long road back to recovery March 28, 2011 The chief executive of the UK’s largest independent stockbroker Collins Stewart takes a deep breath and thinks for a moment. After a pause, Mark Brown, who is sitting in his large modern office with floor-to-ceiling views of the City, says: “I think we are about halfway towards getting the firm back to where it should [...]
The broker who says small firms have to come up with big solutions January 3, 2011 The conventional wisdom is that it is next to impossible for small firms to raise cash, but Phil Adams, chief executive at independent investment broker Altium, says that the picture is more complicated than that. “It is pretty straightforward to raise cash if you are a well-run high-growth firm expanding by around 15 per cent [...]
The broker who says small firms have to come up with big solutions January 3, 2011 The conventional wisdom is that it is next to impossible for small firms to raise cash, but Phil Adams, chief executive at independent investment broker Altium, says that the picture is more complicated than that. “It is pretty straightforward to raise cash if you are a well-run high-growth firm expanding by around 15 per cent [...]
Three ways to maximise your borrowing potential February 16, 2011 IT’S bonus season, and some high-earning City workers are likely to take advantage of the promise of rising top-end prices to snap up exclusive pads – provided they can get the necessary finance. The Centre for Economics and Business Research (CEBR) estimated earlier this year that bonuses would amount to £7bn. The final figure is [...]
Inflexion in £25.5m buyout of Asperity December 2, 2010 MID-MARKET private equity house Inflexion acquired Asperity Employee Benefits in a £25.5m buyout yesterday. Asperity, a market leader at providing employee benefits such as discount and reward schemes, has more than 500 clients including BSkyB, Aviva and Ladbrokes and attracts about £150m of retail spend through its platform each year. Inflexion co-founder John Hartz said [...]