Oil rises for the first time in seven days as the US dollar weakens June 17, 2016 Oil snapped its biggest weekly drop in more than two months today, helped by foreign exchange rate movements. The greenback slumped 0.2 per cent to $94.407 against a basket of currencies, making the dollar-priced commodity more attractive to foreign buyers, and helping crude shrug off a sharp drop in the previous six sessions. Read more: IEA says global [...]
EU referendum: Big bets for “In” backers as two gamblers put five-figure sums on Remain with one week to go June 16, 2016 Brexiteers Nigel Farage and John Longworth might like to think they're heavy betters after placing modest sums on Britain voting to leave the EU on 23 June, but high-rolling Remainers are putting them to shame. Bookies at Ladbrokes were stunned to see a first-time better stroll into the firm's Marble Arch branch and put £35,000 — in cash — on a vote [...]
Housebuilder Crest Nicholson’s shares fall – despite rebuffing Brexit blues June 14, 2016 Nothing can dampen the profits of a housebuilder, not even Brexit – housebuilder Crest Nicholson this morning posted healthy results despite the uncertainty about the outcome of the UK's upcoming referendum. The figures In its half-year report this morning, Crest Nicholson announced pre-tax profits at the firm were up 26 per cent in the six months [...]
Shoppers beat the Brexit blues to hit the high street as footfall increased slightly in May June 13, 2016 As the battle over the fate of BHS continues, the high street bounced back slightly in May as footfall figures increased year-on-year, new figures have shown. Despite a backdrop of retail failures towards the end of May and beginning of June, with Austin Reed shutting up its shops and BHS being "wound down", total retail footfall was [...]
London house prices: Property owners in prime central London are selling their homes to free up savings, according to new research June 13, 2016 London home-owners are selling their premium properties to free-up savings, according to new research. Four in 10 sellers in London put their homes on the market in order to release their investments in the first quarter of this year, making this the most prominent motivation behind selling up. Just under one third (29 per cent) of [...]
The next internet: AppNexus CEO Brian O’Kelley lays out his vision for the programmable age June 13, 2016 At six foot five, there isn’t much which can dwarf Brian O’Kelley. His adtech company AppNexus, which allows marketers and publishers to buy and sell advertising space in real-time, has grown exponentially since its founding in 2007. Today, the firm’s ad-serving infrastructure processes 5m requests per second at peak periods, facilitating an estimated $2bn of transactions [...]
Sports Direct’s Mike Ashley steps in for eleventh hour BHS chats June 12, 2016 Sports Direct's Mike Ashley is trying to reopen talks to save BHS from liquidation. A source told City A.M. that Ashley had written to the administrators in a bid to reopen a dialogue in a move that could save a number of stores along with the BHS name. City A.M. also understands that the administrators will be [...]
Classic cars are becoming one of the UK’s best investments – but which ones should you be buying? June 9, 2016 With equities currently more volatile than Sarah Wollaston's views on the EU, and gold all over the place, it's no wonder an increasing number of people is turning to classic cars as an investment. New research suggests one in five people are now considering splashing out on a vintage set of wheels. And British marques [...]
Experts have predicted house prices will drop for the first time since 2012, with London hit hardest June 9, 2016 Experts are predicting UK house prices will drop for the first time since 2012 in the coming months. According to a survey conducted by the Royal Institution of Chartered Surveyors (RICS), members, UK house prices will drop rather than rise in the next three months. London is expected to be the hardest hit with 43 per [...]
The rental market is starting to cool off a bit June 8, 2016 The rental market cooled slightly over the past few months as the rate of increase in prices slowed – although rents still rose in the three months to May 2016. Rents agreed on new tenancies in the UK over the past three months were up 4.4 per cent compared to the same period last year, [...]