Night Tube series: Top seven places to buy a house in London along the Victoria Line October 15, 2015 If there’s one thing that unites the areas that appear along the Victoria Line, it’s rejuvenation. So here are the top seven places to invest in along the blue line, according to Paul Williams, head of Savills Islington, based on average sales price data within 500m of underground stations in the 12 months leading up [...]
H&M sales rise by 12 per cent in first three weeks of September after weather hit August numbers October 15, 2015 Swedish clothing retailer Hennes and Mauritz (H&M) yesterday reported an 11 per cent jump in sales in September compared with the same month last year. The world’s second-biggest fashion retailer said sales in the first 22 days of September rose 12 per cent, as the weather in many of its large European markets returned to [...]
Osborne’s “rhetoric on tax credits is just empty words” due to lack of analysis – Helen Goodman October 15, 2015 The government's controversial decision to cut tax credits has come under renewed fire after it emerged that its analysis of the distributional effects of measures in the July Budget, including changes to tax credits and the national living wage, has been largely absent. In July the Treasury select committee was surprised not to receive the distributional [...]
Man Group share price jumps five per cent despite firm’s cautious outlook after Chinese market crash October 15, 2015 Asset manager Man Group yesterday gave a cautious forward outlook due to the challenging macro environment, despite reporting net inflows for the first time this year. The FTSE 100-quoted firm saw net inflows of $1.4bn (£907m) in the third quarter, beating analysts’ expectations, thanks to a stronger performance in its algorithm-based trading funds and its discretionary [...]
At the close: FTSE 100 led higher by strong company earnings reports October 15, 2015 The FTSE 100 closed higher today after three consecutive sessions of closing down, as investors concentrated on company earnings. The FTSE closed 1.10 per cent up, at 6,338.67 points, led by gains in ARM and Harvgreaves Lansdown. ARM, the semiconductor and software design company, ended 4.78 per cent up on the back of strong results from Taiwanese [...]
Barclays says oil prices are likely to recover before market expectations October 15, 2015 Barclays analysts have come out against the "lower for longer" talk regarding the future direction of oil prices. In a report, they argue current oil prices aren’t high enough to encourage companies to keep producing sufficient quantities of the black stuff in the medium term. And this will make it harder to meet demand for oil [...]
London airport expansion: Gatwick confronts Heathrow over £6bn “black hole” in funding for third runway October 15, 2015 Gatwick has called on Heathrow to explain how it intends to fill a £6bn “black hole” in funding for its third runway. The airport said its rival had not factored in the costs of nearby road and rail improvements associated with the expansion, and that this had resulted in a large gap in financing. Read [...]
London house prices: The property rental market is being haunted by ghost-listings October 15, 2015 The crazy London property market has created another spectre that will leave renters with a chill down their spine. The letting market is being haunted by ghost-listings – ads for properties to rent that don't really exist. Eerily reminiscent of ghost gazumping which plagued house buyers last year, some estate agents (as if they weren't despised enough) are listing details of properties they've nicked [...]
London house prices might be mind-boggling for renters and young buyers, but it’s forcing creative solutions to the problem like never before October 15, 2015 This month, Daniel Radcliffe reportedly put his New York apartment up for rent at an eye-watering price of $19,000 (£12,500) per month. But now you can live the real “Harry Potter” lifestyle for a snip of the cost after an eager London renter in search of a new home tweeted a ‘room’ that was available to rent [...]