Ukraine crisis and warm weather hammer EU-Russia trade May 15, 2014 Trade between Russia and the EU slumped in the first three months of 2014, according to figures to be released by Eurostat on Friday, reports Euractiv. EU imports from Russia dropped nine per cent in the first quarter compared to the same period last year, with the volume of Russian imports standing at €49bn (£40bn), [...]
The Bank of England is playing with fire by keeping rates so low May 14, 2014 INTEREST rates won’t be going up any time soon, even though the economy is now booming. The reason is simple: the Bank of England is deadly serious about using other tools to calm down the housing market if it feels that it is overheating; interest rates, or at least the Bank base rate, are now [...]
What the other papers say this morning – 14 May 2014 May 13, 2014 FINANCIAL TIMES Danone in talks over medical sale Danone is in talks with Nestle and other potential buyers over the disposal of most of its medical nutrition division, as it eyes an expansion of its baby food business. The French group, which is being advised by JP Morgan, stands to raise up to €5bn (£4.07bn) [...]
City workers fuel Midtown housing boom May 12, 2014 HOUSE prices in the area dubbed Midtown have outpaced the greater London market in the first three months of the year due to a surge in demand from buyers working in the capital’s financial sector, new research out yesterday shows. According to property consultants CBRE, the price of a property in Midtown – between the [...]
Barratt and Derwent benefit from recovery May 8, 2014 BARRATT Developments expects to secure reservations on more than a quarter of next year’s private completions by June as the UK’s housing recovery continues apace. Chief executive Mark Clare said yesterday that rising consumer confidence and better mortgage availability meant sales rates had now reached an “optimum level”, with Barratt registering an average of 0.77 [...]
Long row in prospect as Man City reject Uefa deal May 7, 2014 MANCHESTER City are on course for a summer-long battle with European governing body Uefa over their proposed punishment for breaking new financial fair play (FFP) rules. Uefa have offered City a settlement comprising a €60m (£49m) fine and a restriction on the size of squad they can use in next season’s Champions League – but [...]
Long row in prospect as Man City reject Uefa deal May 6, 2014 MANCHESTER City are on course for a summer-long battle with European governing body Uefa over their proposed punishment for breaking new financial fair play (FFP) rules. Uefa have offered City a settlement comprising a €60m (£49m) fine and a restriction on the size of squad they can use in next season’s Champions League – but [...]
What the other papers say this morning – 06 May 2014 May 6, 2014 FINANCIAL TIMES Loopholes for Cameron on EU treaty David Cameron’s demands to renegotiate British membership of the EU would not necessarily require a treaty change, according to the top Brussels lawyer who helped to draft every EU treaty from Maastricht to Lisbon. Jean-Claude Piris, former legal counsel of the European Council and the Council of [...]
Housing market surges in March as fresh loan regulation looms April 24, 2014 MARCH was a boom month for the housing market according to a range of research released today, and ahead of the oncoming change in regulation with the mortgage market review. According to estate agents Barnard Marcus, London sales roared back from a winter slumber, with the number of transactions up by 34 per cent from [...]
Getting property back in business April 24, 2014 As residential prices soar, developers are turning commercial spaces into homes THE DARK dark satanic mills of William Blake’s Jerusalem were once a dominant fixture in the bustling life of industrial London. It wasn’t that long ago that the city produced condiments like sugar, honey, jam and vinegar, while warehouses stored valuable goods that were [...]