Car sales slip for first time this year August 19, 2010 CAR production in Britain dropped by 8.9 per cent in July as the end of the scrappage scheme hit demand, the Society of Motor Manufacturers and Traders (SMMT) said yesterday. Production for the year-to-date was still 41.7 per cent higher than in the same period in 2009, SMMT said. Last month’s drop – with 98,000 [...]
To understand the future of law, look back April 6, 2010 LAW firms are currently experiencing change like never before. In the last two years, many firms have seen their revenues and profits decline for the first time in over a decade. They’ve had to let go many talented lawyers, both at partner level and below. Clients who used to accept above-inflation fee increases each year [...]
WHAT THE OTHER PAPERS SAY THIS MORNING March 31, 2010 FINANCIAL TIMES BARRISTER’S EX-WIFE WINS PAYOUT AFTER 25 YEARS A leading barrister has been ordered to pay his former wife a lump sum of £215,000 – 25 years after they divorced. David Vaughan QC, an expert in European law, had been been paying his former wife Philippa an annual sum of £27,175. But in November [...]
Shared ownership getting young professional boost September 3, 2009 IT’S A COMMON refrain that for young professionals in London, getting a foot on the housing ladder can be nigh-on impossible. Increasingly, ambitious young workers are looking to shared ownership schemes. Originally set up by the government as a way to provide affordable homes in housing association developments to key workers like police and nurses, [...]
Get into the foreign property game at a fraction of the cost February 11, 2010 FOR many people, owning a foreign property would be the ultimate luxury. However, dealing with local authorities, maintaining the place, or renting it out can turn a luxury into a time-consuming, costly hassle. And that assumes you can really afford the place of your dreams, rather than a flat in a high-rise overlooking a crowded [...]
Frosty start to 2010 for estate agents February 8, 2010 HEAVY snow and icy conditions froze activity in the housing market last month but estate agents continued to report rising prices, according to the latest survey from the Royal Institute for Chartered Surveyors (RICS). Although a net 32 per cent of estate agents saw property prices continue to rise, compared to 30 per cent in [...]
Mortgages: Lending to home buyers and businesses picks up January 21, 2010 GROSS mortgage lending in December showed annual growth for the first time since October 2007, the Council for Mortgage Lenders (CML) said yesterday. Total lending reached £13.7bn last month, a three per cent rise on December 2008 and a 14 per cent gain on November. Paul Samter, economist at the CML, said: “Evidence suggests that [...]
Taylor Wimpey upbeat despite losses March 3, 2010 HOUSEBUILDER Taylor Wimpey has suggested that its prospects are improving despite posting sizeable full-year losses for 2009. The FTSE 250 company posted full-year losses of 640.6m, following on from a deficit of £1.97bn the previous year and saw its revenue slip to £2,595m from £3,467m in 2008, but said “improving conditions” had led to a [...]
Official data indicates further stability for UK housing market September 15, 2009 HOUSE prices rose 1.9 per cent in July on the previous month but were still 8.3 per cent less than they were in July 2008, data from the Department of Communities and Local Government (DCLG) revealed yesterday. The less volatile measure of the three months to July showed that house prices rose 2.1 per cent [...]
PROPERTY BARONS PAY TRIBUTE TO THEIR SAGE April 13, 2010 IT WAS a hop, a skip and a jump over to the Dorchester yesterday lunchtime for the slap-up annual lunch hosted by Gerald Ronson, the seasoned chief of property group Heron International. Ronson’s list of invitees reads like a who’s who of the upper echelons of property and high finance, including ex-Lloyds chair Sir Victor [...]