Investor confidence in UK real estate edges up after Freedom Day as outflows decrease August 11, 2021 In the wake of the UK’s “Freedom Day” easing of Covid restrictions, investor optimism for real estate funds gained ground in July, reflected in significantly decreased outflows compared with previous months. Investors pulled £94m from UK property funds in July – which, although still a considerable outflow, was a marked improvement on the £249m outflows [...]
Foxtons sees revenues rocket amid stamp duty-driven housing boom April 14, 2021 Foxtons has seen impressive revenue growth in the three months to 31 March, at a time when house prices are at an all-time high amid the stamp duty holiday. Group revenue at the estate agent in the first quarter of 2021 stood at £28.5m, up 24 per cent on the same period last year. [...]
Glaxosmithkline set to close two UK sites following Sandoz deal February 12, 2021 Glaxosmithkline has announced plans to shut its antibiotics business at two UK sites with production shifting to Europe. This week GSK agreed to sell rights to three antibiotic brands, including Zinnat, to Novartis’ Sandoz unit in a deal worth $500m. But the deal is now set to lead to up to 200 job losses as [...]
Consumer credit borrowing exceeds repayments for first time since August June 29, 2021 Households borrowed more in consumer credit than they repaid in May for the first time since August, according to Bank of England data published on Tuesday. Net consumer credit was £280m in May, reversing a trend seen throughout the majority of the pandemic as households reined in spending whilst the economy was shuttered. The positive [...]
UK house prices end decade on a high with 1.4 per cent growth January 3, 2020 House prices were 1.4 per cent higher year-on-year in December, the first rise of more than one per cent for 12 months. According to research from Nationwide, after seasonal factors had been considered prices rose by 0.1 per cent in December. Read more: Rightmove: Tory election win will boost house prices by 2 per cent [...]
Keir Starmer’s bid for Red Wall voters will leave the young out in the cold October 4, 2021 No one wants to hear a longer speech from Keir Starmer after his first performance in front of live crowds at Labour conference last week. The ninety minute monologue on his vision for the party’s future was, in short, a lot. But even in the midst of winding journeys through his personal history, segues on [...]
UK house price growth slowed in January as buyers paused due to new lockdown March 24, 2021 UK house price growth slowed in January compared to the previous month as buyers paused due to the introduction of new lockdown measures and uncertainty over the length of the stamp duty holiday, according to the latest official data. Average house prices increased by 7.5 per cent over the year to January, down from eight [...]
BT ‘on path to growth’ despite first-quarter revenue slip July 29, 2021 BT today issued a bullish forecast for its prospects for the rest of the year despite posting a decline in revenue and pre-tax profit in the first quarter. The FTSE 100 firm reported a three per cent slip in revenue to just over £5bn due to the continued impact of the pandemic. This was offset [...]
DOT takes lead as Bitcoin recovers, but retail market still yet to join party October 14, 2021 A swift recovery for Bitcoin has seen the price of the largest cryptocurrency climb back to more than $57k, having briefly dropped below the $55k mark yesterday.
South West London homes grow in demand as end of lockdown nears April 12, 2021 High-end homes in South West London have grown in demand in the first quarter of this year, according to estate agent Benham and Reeves. As the end of lockdown nears, the leafy suburbs of the capital have seen a one per cent increase in interest by high-end homebuyers in the £2m and over range. “We’re [...]