Forbes in ‘exclusive discussions’ with potential buyer after IPO flop November 10, 2022 Forbes said it has entered into “exclusive discussions” with an investor consortium as it gears up to sell the media firm. Although the value of the deal is not known, the consortium is made up of family offices and global investors. “We have entered into exclusive discussions with an interested buyer for Forbes, which is a [...]
UK at greater risk of mortgage default wave than international counterparts November 9, 2022 The UK is at greater risk of being jolted by an uptick in mortgage defaults during the global economic slowdown, a top Wall Street bank has warned. Goldman Sachs reckons the country will undergo a bigger unemployment surge compared to other English speaking countries, dealing a heavy blow to households’ capacity to pay off home [...]
Precious gems are a ‘recession resistant’ market, reveals mining boss November 7, 2022 Gemstone markets should be "recession resistant" despite the looming downturn in the global economy, predicted Gemfields.
Home sellers in for a shock as house prices drop across UK and overall growth slows November 7, 2022 House prices across Britain recorded the biggest monthly fall in October since early 2021, according to an index out this a.m. The average property value fell by 0.4 per cent, marking the third month-on-month drop seen in the past four months, Halifax said. The latest month-on-month decrease follows monthly falls of 0.1 per cent in [...]
Simply building more new homes is no panacea for the housing crisis facing Britain November 7, 2022 Clearly, we have a problem in this country and we need a plan to get it resolved, but targets without a proper strategy will not lead us to the right end result.
House price growth slows for first time in 15 months as Brits battle scaling mortgage rates November 1, 2022 Annual house price growth in the UK slowed to 7.2 per cent in October, from 9.5 per cent in September, according to Nationwide this morning. It means the average cost of a home in the country now stands at £268,282. Nationwide chief economist, Robert Gardner, likened current mortgage rates to annual wage ratios to those [...]
London’s businesses need more affordable housing for their young staff October 31, 2022 Few of Britain’s problems could not be solved by putting shovels into the ground. Nowhere is that more true than when it comes to housing – a shortage that could, if left unchecked, become a brake on the entire country’s economic growth. On our front page today we report on a potential fall in London [...]
Weekend Read: Britain’s ‘secret’ property market generates staggering £30bn in just one year October 29, 2022 Britain’s secret property market saw almost £30.9bn worth of property transactions last year, the highest annual market value in well over a decade. New figures show that in 2021, 98,235 homes are estimated to have been sold off-market, a 51.4 per cent increase on the previous year and the third largest annual total of off-market [...]
Made scraps hunt for a buyer as sofa seller nears collapse October 27, 2022 Ailing Made.com has said it has cut short its hunt for a buyer, as the homeware firm teeters on the brink of collapse. In an update to the London Stock Exchange on Thursday morning, the furniture retailer said there was “no reasonable prospect” of an offer. Shoppers have been pulling back from spending on big [...]
LNG cargoes await supply squeeze as Europe readies itself for tough winter October 26, 2022 Dozens of LNG cargoes have been in slow transit across Europe in recent weeks, awaiting the prime opportunity to unload their valuable resources.