Profits bounce back at Galliford Try but bypass woes loom September 12, 2018 Galliford Try’s profits soared 145 per cent in the last 12 months, in a sign that the construction group is recovering from a series of setbacks it suffered earlier in the year. Pre-tax profits jumped from £58.7m to £143.7m in the year leading up to the end of June 2018, pushing Galliford’s share price up [...]
Property market to become ‘flooded’ as 380,000 landlords look to sell-up May 20, 2018 Experts have predicted that the property market could be flooded by homes for first time buyers as 380,000 buy-to-let landlords are looking to offload their property in the next year. A survey conducted by the National Landlords Association (NLA) said that around a fifth of the UK’s landlords were looking to sell, and that nearly [...]
Thomson Reuters defends boss following reports of hunt for successor October 21, 2019 Thomson Reuters has thrown its support behind chief executive Jim Smith following reports the company has hired an executive search firm to pick his successor. The media conglomerate is said to have appointed search firm Spencer Stuart to draw up a shortlist of candidates, with co-chief operating officer Neil Materson slated as an internal contender. [...]
Oasis and Warehouse buy London menswear website September 10, 2019 The Oasis and Warehouse group has moved into menswear for the first time with the acquisition of a London-based online fashion brand. The Idle Man, which is headquartered in Shoreditch, was founded in 2014 by former Asos buyer Oliver Tezcan. The e-commerce platform sells men’s brands and its own labels. Read more: Oasis and Warehouse [...]
New homes: All the new developments going on sale this weekend, including Help to Buy and Shared Ownership August 24, 2018 New developments on the market this week The Quarry, Bexley From £167,500 for a 50 per cent share of a £335,000 home Part-buy, part-rent 27 new homes in Erith on the border of London and Kent. Around 600 Shared Ownership and Help to Buy homes have been built on the site of a disused quarry [...]
Spudulike closes all branches after sale collapses August 5, 2019 Fast food chain Spudulike has collapsed and shuttered all its branches, making 298 employees redundant, administrators confirmed today The casual dining group, which specialised in baked potatoes, closed all 37 of its stores on Friday after a prospective buyer pulled out of a deal to purchase the company at the last minute. Read more: Landlords [...]
Mortgage approvals fall to six-month low in September as experts warn of ‘fragile’ housing market October 24, 2018 Mortgage approvals fell to their lowest value in half a year in September, according to the latest data from UK Finance, meaning every month of 2018 so far has dropped against 2017 approval numbers. Lending amounted to £21.5bn for the month, the lowest since the £20.6bn recorded in April and a drop of 1.2 per [...]
UK house prices growth accelerated in August September 7, 2018 Annual house price growth picked up in the three months to August, growing by 3.7 per cent, compared to a 3.3 per cent annual rise in the run up to July, according to new figures released today by Halifax. With the average home costing £229,958, house prices remained steady month to month, ticking upwards by [...]
London’s house price slowdown worsens as summer slump hits July 16, 2018 London's house price slump has deepened as the market enters its traditional summer lull, with experts signalling a boon for prospective first-time buyers. The average asking price of a house in the capital is down more than £11,000 compared to this time a year ago, marking the sharpest annualised fall since January. The closely-watched Rightmove [...]
Revealed: London’s 40 first-time buyer hotspots February 9, 2017 Looking for a place to call your own in the capital is tough if you're a first-time buyer – although house price growth is lower, most places are still out of reach. But new research has listed the 40 areas in London where first-time buyers are still thriving, with prices in some of the most [...]