London house prices: Here’s how living near a regeneration scheme can boost the value of your property April 8, 2016 Living close to a major regeneration scheme in the capital can boost the value of your property by an average of 4.7 per cent a year above the wider house price growth, research released today by CBRE has found. The property services giant has conducted a study across seven regeneration schemes in London and found [...]
Commercial property returns forecast to halve this year as slowing GDP growth and Brexit uncertainty bites April 7, 2016 Commercial property returns are forecast to halve this year, according to industry experts, as slowing GDP growth and Brexit uncertainty among other factors takes its toll on the market. Cluttons’ latest report on the outlook for the commercial property market predicts total returns will reach 6.5 per cent in 2016, which is less than half [...]
Oil price sinks as Keystone shutdown fails to prevent US stockpile build at key Cushing hub April 7, 2016 The price of a barrel of oil has slid by around two per cent today after the shutdown of the Keystone pipeline last week failed to hold back the rising tide of oil. Inventories at the Cushing, Oklahoma delivery hub added 255,804 barrels according to market intelligence firm Genscape. Brent crude was trading at $38.81 at the [...]
Dunelm’s share price jumps after bounce back in sales April 7, 2016 Dunelm shares rallied today after the out-of-town homeware giant posted a bounce back in sales in third quarter following a disappointing start to the year. The retailer grew sales by 5.9 per cent to £229m in the 13 weeks to 2 April, while like-for-like sales – including home delivery – increased by 1.1 per cent. That contrasted with the previous quarter, when Dunelm blamed the [...]
Roll up, roll up! Let’s play London office Monopoly April 7, 2016 Britain's looming EU referendum, the London mayoral election, the commercial stamp duty clampdown and other regulatory reforms as well as major infrastructure changes, such as Crossrail. These are just some of the factors that are making the dynamics influencing the London office market more complex than ever, according Bilfinger GVA. The real estate advisory firm has mocked up a Monopoly board [...]
Why is Britain becoming less productive? Economists blame everyone from government to investors to statisticians April 7, 2016 The UK’s productivity has been trundling along at a less than spectacular pace for a number of years. This morning, figures from the Office for National Statistics (ONS) revealed it actually fell 1.2 per cent in the final quarter of 2015, raising concerns about the general state of the UK economy. But what is productivity, why [...]
US economy is about to be “swept away by a tidal wave of corporate default”, roars Societe Generale uber bear April 7, 2016 A Societe Generale analyst has predicted the US economy is about to be “swept away by a tidal wave of corporate default”. Albert Edwards has not shied away from bearish comments in the past and has been dubbed an "uber bear". In February 2014, amid turmoil in emerging markets, he described the unravelling as "the final tweet of [...]
London-listed Acacia Mining accused of “sophisticated tax evasion” in Tanzania April 7, 2016 London-listed gold miner Acacia Mining has been accused of engaging in "a sophisticated scheme of tax evasion" in the East African country of Tanzania where it operates. The tax revenue appeals tribunal accused the company of paying dividends to its shareholders worth $412.5m between 2010 and 2013, but evading 10 per cent withholding tax by declaring losses. The company, formerly [...]
Interest rates could be going even lower in the Eurozone, the European Central Bank has said April 7, 2016 Interest rates in Europe could sink even further into negative territory over the next few months, the European Central Bank (ECB) confirmed yesterday, as it said that it would keep all options on the table in its fight to stave off deflation in the Eurozone. Minutes from last month’s monetary policy meeting, where ECB president [...]
Centamin share price jumps as it ramps up gold production April 7, 2016 Shares in London-listed Centamin sparkled today after the gold miner ramped up production at its flagship mine. Centamin shares rose as much as 7.1 per cent to 97p in late morning trade, giving the company a market capitalisation of £1.1bn. Centamin said production from the Sukari gold mine in Egypt rose by 6.5 per cent to 125,268 ounces [...]