The Crime Lord: Peter Capaldi on the manosphere, London and rocking out with his band as he approaches 70
New London skyscrapers set to break record in 2019 March 5, 2019 The number of skyscrapers being completed in the capital is set to smash records this year, with demand for housing space driving a surge in new towers joining London’s skyline. Construction on 76 tall buildings is expected to be finished during the course of 2019, marking a three-fold increase on the previous year. Read more: What the [...]
Bumper Persimmon fails to shake off uncertainty March 5, 2019 | City Talk Despite the housebuilder's £1 billion profit and generous dividend, Persimmon shares are under a cloud. Just when investors thought it was safe to go back into mortar, the government's reported review of the Help to Buy scheme has dealt another blow to the sector. Persimmon (LSE:PSN) 6% share price decline represented the brunt of the blow, [...]
Telford Homes strikes investor alliance for London plan March 4, 2019 Housebuilder Telford Homes has struck a major deal with two global real estate giants, amid efforts to offset woes in the capital’s traditional housing market by doubling down on Britain’s growing rental sector. City A.M. can reveal that the residential developer is partnering up with M&G and Invesco in a bid to tap into the [...]
Looking for space for homes in the capital? Build over rail lines March 4, 2019 A new survey of housebuilders published last week by construction consulting and design agency McBains is depressing reading for Londoners looking to get a foot on the housing ladder. Although two thirds of housebuilders in London reported that they had built more homes over the last 12 months, those that stated a decrease cited a [...]
UK ports propose 10-point plan to boost investment and trade March 3, 2019 A new 10-point plan to be revealed today will set out proposals aimed at boosting investment in the UK’s ports. The importance of the UK’s ports for business supply chains has been thrown into the spotlight by the potential for disruption in the event of a no-deal Brexit. Read more: Government to pay Eurotunnel £33m over [...]
Emoov founder rejects investor funding claims March 3, 2019 The founder of Emoov has hit back at claims that investors might not have been provided with accurate information regarding a £2m fundraising effort which came months before the online estate agency collapsed. According to The Sunday Times this morning, documents aimed at prospective investors found Emoov, which raised £1.8m from more than 1,000 investors [...]
Rightmove shares slump despite strong results March 1, 2019 Shares in property website Rightmove fell this morning despite the company reporting an increase in revenue and profits. Rightmove’s share price dipped 5.6 per cent to 455p today as the firm announced its full-year results for 2018. Read more: London house sales drop over political uncertainty The figures Underlying operating profit was up 10 per [...]
London is ‘dragging’ on average house prices across UK’s top 20 cities March 1, 2019 UK city house prices rose by 2.9 per cent over the 12 months to January 2019 but London has become a “drag” on the housing market after slow growth in the capital. The latest Hometrack Cities Index, which looks at house prices across Britain’s top 20 major cities, showed prices are rising fastest at six [...]
Housebuilder Bovis’s customer rating improves as profits reach all-time high February 28, 2019 Bovis Homes showed its best profits ever today as it recovered from a scandal in the quality of its building. The figures Revenue stood at £1.06bn in 2018, a 3.2 per cent increase on the year before, Bovis told shareholders this morning. Meanwhile pre-tax profits grew an impressive 47 per cent to £168m, ahead of [...]
Foxtons swings to a loss in weak London property market February 28, 2019 Foxtons swung to a loss last year as the estate agent struggled with a weakened London property market, the company announced this morning. The figures The estate agent reported a £17.2m loss in its 2018 full-year results this morning, down from £6.5m profit the previous year, in part due to a non-recurring charge of £15.7m [...]