Frasers founder Mike Ashley snaps up stake in UK’s largest listed residential landlord Property Fraser’s founder Mike Ashley has secured a slice of an FTSE 250 property firm in a multi-million-pound bet on the future of UK rental housing. The UK billionaire has acquired a 3.1 per cent interest in the UK’s largest listed residential landlord in the private rented sector, Grainger, through a high-stakes financial move known as a spread bet. The [...]
Taylor Wimpey shares slump as boss blasts Budget uncertainty Property The boss of Taylor Wimpey has blamed weak market conditions that hit the firm’s bottom line on the uncertainty surrounding the forthcoming Budget. Jennie Daly, chief executive of the housebuilder, said: “Market conditions remain challenging, impacted by uncertainty ahead of the upcoming UK Budget and continued affordability pressures.” Shares in Taylor Wimpey were down over 3.5 [...]
Landsec sells government office building to hotel giant Property A Westminster building owned by property giant Landsec, which has played host to major government offices, has been sold to a group bidding to lead Heathrow Airport’s expansion plans. The sale of Queen Anne’s Mansions, located in SW1, by Landsec marks a major step in the property firm’s ambition to sell off £2bn of its [...]
Investment funds in April: Energy plummets while property soars May 1, 2025 Energy funds suffered deeply during April as an expected slowdown in global growth caused oil prices to tank throughout the month. Five energy funds featured in the bottom 10 performing investment funds, alongside two resource funds, with Guinness Global Energy as the worst performer, falling 13.5 per cent. “With the price of a barrel of [...]
St James’s Place shutters property funds amid sector downturn November 27, 2024 St James’s Place has begun to wind down its three property funds as the sector struggles to make it past the blows it sustained during the coronavirus pandemic. The three funds, which operate as unit trusts, pension and life funds, will shutter over the next two years, with regular payouts to investors in the funds. [...]