Foxtons reaps the rewards as house buyers scramble to complete ahead of stamp duty deadline – but how long will the party last? April 27, 2016 Foxton's has posted impressive-looking results for the quarter to the end of March. But shares slid as investors showed their nerves over new buy to let rules. The figures Total group revenues rose to £38.4m during the period, up 16.2 per cent from the same quarter last year. That was pushed up by a 28.5 per cent increase in property [...]
Crowdfunding website offers new ways to invest in UK property development April 27, 2016 A new crowdfunding platform is offering investors the chance to buy a stake in potential housing development sites. Intro Crowd, launched today, offers the opportunity for investors to buy shares in companies owning the land plots for as little as £1,500. Gregory Baker, Intro Crowd’s chief executive, said: “The government has pledged to build one [...]
Regular home buyers feel the squeeze as investors and second home buyers storm London property market April 27, 2016 Fewer than half of all homes sold in central London over the last three months went to regular homeowners, a new report has shown, casting a light on the extent of the housing crisis in the capital. Buy to let landlords accounted for 36 per cent of property transactions during the first three months of [...]
eBay share price rises as online auction site posts four per cent jump in revenue during first quarter of 2016 April 26, 2016 Shares in online retailer eBay rose by over 1.7 per cent in after hours trading as the company revealed a jump in revenue during the first three months of the year. Sales went up by four per cent, from $2.06bn (£1.41bn) in the first quarter of 2015, to $2.14bn, and gross profit went from $1.65bn to [...]
Prime Minister David Cameron makes first visit to Port Talbot after sale announcement in March April 26, 2016 David Cameron met with Tata Steel management and unions at the Port Talbot steelworks today during his first visit since the sale plans were announced in March. Tata Steel's sale of its loss-making UK businesses has put tens of thousands of jobs in steel manufacturing and the wider supply chain at risk. Read more: UK steel is globally [...]
Sell in May and go away? Why some hedge funds are looking forward to this summer April 26, 2016 Some investors swear by the well-known adage “Sell in May and go away”, given that it’s a month that can bring low trading volumes, thin liquidity and, even worse, a stock market sell-off that permeates over the summer. Will this year be any different? Is it worth just going on holiday until St Leger Day, [...]
Apple is about to report its first slowdown in more than a decade April 25, 2016 Apple's crunch time is approaching. The most valuable company in the world (for now, at least) is about to report a sales slowdown, which although expected, is not a welcome occurrence in the usually ever upward trajectory of the beloved brand. The figures Sales of around $52bn (£35.9bn), with the iPhone making up the lion's share, are predicted [...]
London house prices: Galliard is about to launch homes just for first-time buyers – and expects queues and “rapid sales” April 25, 2016 We all know how tough it is for first-time buyers to get a foot on the ladder, with recent estimates suggesting Londoners would need a six-figure salary to buy a home by 2020. So perhaps Galliard Homes is right to predict "queues and rapid sales" for its latest scheme The Landmark, which is being touted [...]
BHS appoints Duff & Phelps administrators, putting 10,000 jobs at risk – but more than 30 bid enquiries have already been made April 25, 2016 More than 30 enquiries to buy BHS out of administration have been made since reports first surfaced that the business was teetering on the brink, City A.M. understands. Managing directors Philip Duffy and Benjamin Wiles were appointed joint administrators of BHS this morning, putting around 10,000 jobs at risk. In a statement Duff & Phelps [...]
The bids are in for Yahoo, but what’s its value to Verizon, TPG and other buyers? April 25, 2016 Verizon emerged as the bidder to beat as the deadline for bids to buy Yahoo closed last week. The internet company hasn’t been able to spin-off its Asian assets – including its 15 per cent stake in Alibaba – or sell off its core business, which includes everything from search, digital content and advertising to [...]