These are the 10 most and least affordable London boroughs for buyers on an average annual wage October 8, 2016 London may have fallen out of the UK's top three regions for house price growth, but gaining a foothold on the capital's property ladder is still out of the range of many first-time buyers – and is unlikely to change anytime soon. The average London house price is 14 times higher than the average annual wage [...]
Fast sell-off could be on the cards for 1950s-style casual restaurant chain Ed’s Easy Diner October 8, 2016 Casual dining chain Ed's Easy Diner could imminently be sold off in a quickie sale for as little as £15m, according to reports. The hard-and-fast sale will probably take the form of a pre-pack administration could be announced in the coming days after the group suffered a trading slump over the summer, sources told The [...]
Focus On Earl’s Court: Around 7,500 new homes and a brand new high street coming to west London by 2033 October 7, 2016 Best known for its (closed) Exhibition Centre, Earl’s Court is not the sort of place you’d expect to attract million-pound investment. But it’s currently undergoing its biggest upheaval in over a century and this west London outpost is set to be a very different place in a couple of decades. The last huge change in [...]
Drink up quick: Sterling drop is a “grave” concern for the wine industry which relies almost solely on imports October 7, 2016 Today's crash in the value of sterling may have left many of us wanting to drown our sorrows. But if you're a wine fan, you might want to drink up quick and make sure you stockpile too while you're at it. While Britain might have been dubbed the "beating heart" of the global wine trade, [...]
New homes on sale in London: from riverside homes in Woolwich to an old furniture factory in Hackney October 7, 2016 Royal Arsenal Riverside, Woolwich From £422,500 The first homes with a view of the river are on sale at Berkeley Homes’ new scheme. The 20-storey building also overlook a new four-acre Waterside Park that connects Woolwich Town centre to the river path. In total, there are 266 studio to three bedroom flats on sale at [...]
House prices in Chelsea have fallen by 10 per cent this year October 6, 2016 House prices in Chelsea have fallen by 9.8 per cent annually, according to Knight Frank. Overall, prices for high-end homes in central London fell by 2.6 per cent in September, the estate agents said. Read more: House prices under threat in Tower Hamlets due to rapid building and Brexit There were marked regional differences in prices [...]
Before the bell: What you need to know before the US market open October 6, 2016 Deutsche Bank's rally is getting in to full swing, while Twitter shares are plunging in the pre-market. Here's what you need to know before the US market open at 2:30pm London time. US stock futures are tracking lower ahead of the open. The S&P is off by 0.21 per cent, while the Nasdaq is 0.17 per cent lower. [...]
Twitter shares are flying on these latest takeover reports October 5, 2016 Twitter shares have taken off again after fresh reports emerged on the progress of potential sale of a the struggling social network. Shares shot up more than four per cent touching as high a $24.83 in early trading in New York, after it was reported that bids for the company could begin as soon as this week. [...]
China M&A frenzy around the world set to continue according to Freshfields October 4, 2016 CHINA'S vast appetite for overseas acquisitions is laid bare in new M&A monitor by law firm Freshfields Bruckhaus Deringer. The law firm found that China leads outbound M&A with 173 signed deals valued at $128.7bn, including a number of massive acquisitions in the first half of 2016 such as ChemChina’s $43bn bid for Swiss agrichemicals [...]
Starting gun fired to restart sale of billions of pounds of distressed mortgages October 4, 2016 The government is preparing to put a multi-billion pound portfolio of mortgages it manages on behalf of failed lender Bradford & Bingley back on the market. UK Asset Resolution (UKAR) – whose role is to flog mortgages written by doomed lenders that include Bradford & Bingley and Northern Rock – signalled an end to its Brexit break by circulating non-disclosure agreements to prospective buyers. Read [...]