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 [...]
Britain 2030: High-tech manufacturing set to become a quiet British success story August 9, 2021 When it was first announced that this year’s G7 summit would be held in Cornwall, the decision was met with some raised eyebrows. But for a government which has made the combination of “levelling-up” the UK’s regional inequalities and tackling climate change its foremost priorities, it made perfect sense. In the last few years a [...]
House prices rise but annual growth slows to 7.6 per cent as ‘steadier period’ predicted August 6, 2021 Houses prices rose again in July but slower annual growth suggests the market may be ‘cooling’, according to Halifax House Price Index data published today. The average cost of a property in the UK is now £261,221, up 0.4 per cent from June, adding £1,122 to the price of an average house. Annual growth fell [...]
Decentralized finance surpasses 3 million users ahead of major Ethereum upgrade August 2, 2021 CryptoCompare’s data shows that the price of Bitcoin (BTC) went sideways throughout the week, starting at around $38,000 and dropping to a $36,000 low before surging and testing the resistance at $42,000, which it failed to break through. Ethereum’s ether, the second-largest cryptocurrency by market capitalization, moved in a similar way throughout the week, from [...]
Range Rover KR restomod review: making Britain great again August 2, 2021 The Kingsley Cars KR Series restomod transforms the original Range Rover into a modern SUV – but preserves its classic character.
Countryside creep: London homeowners flee capital at record rate August 2, 2021 London homeowners are fleeing the capital at record levels as city slickers pursue newfound housing needs triggered by the Covid crisis, according to new figures released today. Research by estate agent Hamptons shows 61,830 Londoners purchased homes outside the capital in the first six months of this year, the highest number since they started recording [...]
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 [...]
Rush to beat stamp duty deadline drives mortgage borrowing to record high July 29, 2021 A rush to complete house purchases before the tapering of the stamp duty holiday at the end of June drove mortgage borrowing to a record monthly high, reveal new figures published today. The Bank of England said mortgage borrowing hit £17.9bn in June, surging 163 per cent in just a month from £6.8bn in May. [...]
Weaker economic backdrop presents fresh headaches for Fed July 28, 2021 Today’s Federal Open Market Committee announcements come amid mounting concerns that the rapid rise in Covid cases could dampen the global economic recovery. This backdrop presents a different set of problems for Fed Chair Jerome Powell to when he last spoke in June. Recovery prospects are still good, but have tempered. Investors around the world [...]
Gooooood morning Forty! Party time as Bitcoin breaches $40,000 July 28, 2021 The Bitcoin price is back up at around the $40k level this morning after dipping as low as $36k yesterday, as the markets continue to look volatile this week.