Banks boost rally across Wall Street March 14, 2012 THE US stock market posted its best day this year, with yesterday’s late spark coming from JPMorgan Chase & Co after the bank announced it will raise its dividend. Stocks gained throughout the session, helped by stronger-than-expected retail sales and benign comments from the US Federal Reserve, which said recent strains on financial markets were [...]
From Kensington to Farringdon: why London’s prices are buoyant January 19, 2012 WHY ARE PROPERTY VALUES IN CENTRAL LONDON RISING FASTER THAN REST OF THE UK? Prices in Prime Central London are indeed out-performing the rest of the country. Over the last 12 months, average house prices across the UK have remained broadly stable, meanwhile in Prime Central London (PCL), prices rose by 12.1 per cent in [...]
Bingo! Rank plays Gala card January 30, 2012 RANK Group yesterday confirmed it is “in discussions” with Gala Coral Group about a potential £250m acquisition of Gala’s casinos business. The terms of any acquisition have not yet been finalised, stated Rank, and there is no certainty that any transaction will occur. A spokesperson for Rank declined to confirm when talks between the parties [...]
City A.M.’s at-a-glance guide to the key points of Osborne’s mini-Budget November 29, 2011 UK ECONOMIC OUTLOOK • The Office for Budget Responsibility (OBR) has slashed the growth forecasts it made in March. • Its central forecast for 2011 has been revised down to 0.9 per cent from the 1.7 per cent March prediction. It expects 0.7 per cent year-on-year GDP growth in 2012, instead of 2.5 per cent. [...]
City A.M.’s at-a-glance guide to the key points of Osborne’s mini-Budget November 29, 2011 UK ECONOMIC OUTLOOK • The Office for Budget Responsibility (OBR) has slashed the growth forecasts it made in March. • Its central forecast for 2011 has been revised down to 0.9 per cent from the 1.7 per cent March prediction. It expects 0.7 per cent year-on-year GDP growth in 2012, instead of 2.5 per cent. [...]
Rents in capital still soaring August 18, 2011 LONDON rent rises are outstripping those in the regions as frustrated would-be homebuyers turn to short-term sources of accommodation. Rents in England and Wales rose for the sixth month in a row in July with the capital seeing the largest gains, according to the Buy-to-Let Index from LSL Property Services, which is published today. Average [...]
London’s rent continues to edge upward August 31, 2011 STRONG demand and weak supply continues to hike up London rents, with many young people struggling to get a step onto the property ladder. “Rental growth in London and the south has outperformed the rest of the country, though all regions have seen a pickup in rents,” the Royal Institution of Chartered Surveyors (RICS) said [...]
WHAT THE OTHER PAPERS SAY THIS MORNING September 25, 2011 FINANCIAL TIMES US TAX AUTHORITIES TARGET BANK DEALS US tax authorities are targeting cross-border finance deals worth billions of dollars between leading US and UK banks as they step up efforts to clamp down on abusive tax avoidance, a joint investigation by the Financial Times and ProPublica has found. Four US banks – BB&T, Bank [...]
WHAT THE OTHER PAPERS SAY THIS MORNING September 25, 2011 FINANCIAL TIMES US TAX AUTHORITIES TARGET BANK DEALS US tax authorities are targeting cross-border finance deals worth billions of dollars between leading US and UK banks as they step up efforts to clamp down on abusive tax avoidance, a joint investigation by the Financial Times and ProPublica has found. Four US banks – BB&T, Bank [...]
Denmark now seen as debt safe haven January 2, 2012 DENMARK has revealed that it saw a surge in demand for its debt from international investors last year, making it the latest non-Eurozone state to cash in on the hunt for a “safe haven”. The Danish central bank said that over a third of the country’s outstanding debt is now owned by foreign buyers, up [...]