Berkeley boss Tony Pidgley has made an ominous call about the future of London’s housing market June 21, 2018 Legendary housebuilder Tony Pidgley is primarily known for three things. Firstly, he was a Barnardo’s baby, subsequently adopted by a family of gypsies. Secondly, from such humble beginnings he rose to become one of the UK’s highest-paid business chiefs. And thirdly, he is credited with calling the house price crash at the end of the [...]
These are the 50 hottest fintech startups in Europe right now, as London fights to keep up with innovation June 20, 2018 Over half of the 2018 Fintech50 are based in London, as it fights to keep its crown amid increasing competition from startups in cities like Berlin, Dublin, Amsterdam and Warsaw. The city has produced 27 out of Europe’s best ‘ones to watch’, selected from the list’s largest ever pool of over 1,800 fintechs across the [...]
Berkeley Group hit by cautious outlook June 20, 2018 Berkeley Group announced a solid set of full-year figures Revenue dipped by 0.7% to £2.703 billion and the consensus estimate was £2.729 billion. Pre-tax profits jumped by 15.1% to £934.9 million, while equity analysts were expecting £905.08 million. The company has comfortable net cash position which has increased by 140% to £687.3 million. Berkeley’s capital [...]
London house prices continue to fall as capital sees UK’s sharpest drop June 14, 2018 London’s house prices have continued to fall in May, with the capital seeing the UK's biggest decline, according to surveyors. A highly-regarded survey published this morning also revealed that London is the only region where prices are expected to fall further over the next year. The report, published by the Royal Institution of Chartered Surveyors [...]
UK mortgage borrowing soared in April with £4.4bn in new lending June 14, 2018 Mortgage lending in the UK increased considerably in April, according to a report published this morning by trade association UK Finance. UK Finance’s mortgage trends report revealed that there were 26,700 new first-time buyer mortgages completed in the month, some 3.5 per cent more than in the same month a year earlier. The £4.4bn of [...]
Vue Entertainment to postpone IPO after major Canadian shareholder considers selling stake June 14, 2018 The UK's largest cinema chain, Vue Entertainment, may postpone its plans for a stock market float after news that one of its biggest shareholders is considering selling its stake in the company. According to Sky News, which first reported the reshuffle, Canadian company Alberta Investment Management Corporation (Aimco) is seeking a buyer for its ts [...]
Which countries are most at risk from a trade war? June 14, 2018 The US and China have been trading fierce rhetoric over the past two months, threatening to slap billions of dollars' worth of tariffs on each other's goods and services. If the skirmish turns into a full-blown trade war could it threaten the global economic recovery? While the current dispute between the two countries hasn’t officially [...]
We talk to Tradeweb about how investing has evolved over the last 20 years June 12, 2018 It's a busy time for Tradeweb, the provider of electronic trading for fixed-income, derivatives, and exchange-traded funds, following a recent announcement that it would be adding an equity trading facility to its list of products. The company, which launched in 1998 as a marketplace for investors to buy and sell US Treasury bonds, will later [...]
As UK house prices soar, first-time buyers struggle much more than mum and dad did June 12, 2018 A third of UK residents preparing to buy their first house are struggling to save enough money for a deposit – six times the proportion of people who bought their first house 20-30 years ago. That’s according to a 2,000-person survey carried out by self-storage company, Space Station, which asked 1,000 Brits who are currently [...]
Alton Towers owner and multi-millionaire Nick Leslau on the “constipated” property market and that rollercoaster tragedy June 12, 2018 Nick Leslau, one of Britain’s wealthiest property entrepreneurs, loves buildings other people would find ugly. “I have a thing for unfashionable buildings that people generally hate,” says the multi-millionaire who turned two sixties office blocks in London into the St Martins Lane and Sanderson hotels. “I like them because of the opportunity they represent and [...]