Property prices drop as market flooded August 16, 2010 UK property asking prices dropped for the second month in a row as the market was hit by over-supply, according to property website Rightmove. The survey also found that the market had also been subdued in the summer period. Sellers reduced prices by 1.7 per cent during the month to 7 August, leaving the average [...]
The UK’s fate: Neither boom nor bust September 1, 2010 A PAINFUL, extended soft patch, not a disastrous hard landing: that was the message from yesterday’s batch of global economic indicators. The US manufacturing survey improved in August, spectacularly refuting widespread expectations of a collapse and fuelling a market rally; the UK’s factory sector is still growing, albeit at a slower rate. Hard-core bulls and [...]
The UK’s fate: Neither boom nor bust September 1, 2010 A PAINFUL, extended soft patch, not a disastrous hard landing: that was the message from yesterday’s batch of global economic indicators. The US manufacturing survey improved in August, spectacularly refuting widespread expectations of a collapse and fuelling a market rally; the UK’s factory sector is still growing, albeit at a slower rate. Hard-core bulls and [...]
A PAT ON THE BACK FOR YEAR’S BEST ASSET MANAGERS October 13, 2010 TO THE glamorous surroundings of the Banqueting House on Whitehall last night for the annual Financial News asset management awards, where the most successful industry players of the year lined up to collect their respective gongs. Taking the top spot in the European asset management firm of the year category, one of the most coveted [...]
Further signs of strength for UK’s house market, says RICS June 8, 2009 THERE was further evidence earlier today that the UK housing market is beginning to recover, according to data from the Royal Institute of Chartered Surveyors (RICS). The balance of surveyors reporting falling rather than rising prices narrowed in May to -44.1, due to increased demand and tighter supply in the housing market. New buyer enquiries [...]
Fairs and exhibitions catering to amateur buyers show that home is where the art is October 21, 2010 IT’S one of the more basic facts of interior design: unless you live in some whitewashed, ultra-minimalist zen house – and that’s so very five years ago, dear – a room benefits from some kind of art on its walls. As leading interior designer and art collector Nina Campbell says: “You reach that moment when [...]
Anglo Irish to be split into two September 8, 2010 IRELAND’S government outlined a compromise solution for winding down troubled Anglo Irish Bank yesterday but failed to put either a price or a timeline on its plan. Yielding to political pressure, finance minister Brian Lenihan ditched Anglo Irish’s own plan to carve a functioning niche lender out of what is left of the nationalised bank [...]
Game up for Tomkins as buyers target UK August 31, 2010 ONE of the City’s largest investors warned foreign predators not to view UK companies as easy pickings yesterday after Tomkins became the latest name to fall to an overseas bid. Standard Life Investments (SLI) made an angry intervention after shareholders in Tomkins, the former “buns-to-guns” group, voted to accept a £2.9bn offer from a consortium [...]
Game up for Tomkins as buyers target UK August 31, 2010 ONE of the City’s largest investors warned foreign predators not to view UK companies as easy pickings yesterday after Tomkins became the latest name to fall to an overseas bid. Standard Life Investments (SLI) made an angry intervention after shareholders in Tomkins, the former “buns-to-guns” group, voted to accept a £2.9bn offer from a consortium [...]
UK housing recovery running out of steam March 4, 2010 THERE were yet further concerns yesterday over a double-dip downturn in the UK housing market when mortgage lender Halifax reported that house prices fell 1.5 per cent in February, the first decline in this index since last June. The survey, which comes just days after Nationwide reported that UK property prices fell one per cent, [...]