Housebuilders’ share prices suffer after construction output falls August 2, 2016 The post-Brexit vote rollercoaster for UK housebuilders is getting a bit predictable. After disappointing construction data was released this morning – albeit not as bad as expected – the big housebuilders' shares have taken a hit once again. Read more: Construction output tumbles at fastest pace since 2009 At time of writing, Berkeley Group's share price was [...]
New homes on sale in London: from apartments on London City Island to family homes in Edgware August 1, 2016 London City Island From £405,000 A summer party heralded the sale of 100 new homes on the enormous London City Island complex on Saturday. Developer EcoWorld Ballymore offered champagne ice pops, a BBQ and a DJ to entice prospective buyers to look at the studio to four bedroom apartments on the Leamouth Peninsula. There will be [...]
These are eight surprise winners and losers from the EU referendum July 23, 2016 Today is the one-month anniversary of the EU referendum. After years of debating whether or not a referendum on EU membership would be held, on 23 June the UK's voting populace trudged to polling stations and decided 52 per cent to 48 per cent to leave the organisation. Here are eight of the (perhaps surprising) winners and [...]
These companies have been the FTSE high-fliers and fallers since the referendum July 23, 2016 With all that's happened since 23 June, it's hard to believe it's only been a month since the UK came out in droves to vote in the EU referendum. While the FTSE 100 closed up 0.46 per cent yesterday in its fifth successive weekly advance, a number of companies on both the FTSE 100 and [...]
New homes on sale in London this weekend: from the biggest development in Chelsea for a century to the regeneration of Catford July 21, 2016 Chelsea Waterfront From £1.55m Overseas buyers are showing a strong interest in new homes at Chelsea Waterfront following the EU Referendum result, according to its developer Hutchinson Property Group. The first phase of the redevelopment of the former Lots Road Power Station has sold out, and 17 out of 28 units remain in the second [...]
At the close: FTSE 100 gives up its gains after Bank of England puts rate rise on hold until August July 14, 2016 The Bank of England dashed market hopes of a further rate cut for at least another month today, sending the FTSE 100 off its 11-month highs. Having rallied to a peak of 6,743.42 before the Bank of England's decision, the FTSE 100 crashed to earth, closing down 0.2 per cent at 6,654.47 points. Most analysts thought the Bank would [...]
At the close: FTSE 100 dips as pre-BoE jitters seize European markets July 13, 2016 The FTSE 100 has dialled back its earlier gains to skid at the close this evening. The blue-chip index finished down just a touch at 6,670.40, off by 10 points – or 0.15 per cent. It's the second flat close on the bounce for the FTSE 100 after ending yesterday's session unchanged. It had earlier in today's session climbed to 6,717.17. The [...]
At the close: Sterling surge holds down the FTSE 100 July 12, 2016 The FTSE 100 closed flat this evening after ending yesterday's session at an 11-month high. The blue-chip index closed at 6,680.69 points, down just two points and flat in percentage terms. The end to yesterday's rally was put down to sterling being on course for its best performance against the yen in over three years after Theresa May [...]
Week ahead: Fashion retailers and builders are in the spotlight July 11, 2016 Alongside the Bank of England’s first meeting after the UK voted to quit the European Union it will be a busy week of corporate numbers. Bank of England officials announce their monetary policy decision on Thursday and many economists are expecting a loosening of interest rates. The FTSE 100 rose to its highest level in [...]
Focus On Croydon: Concrete jungle of Zone Five is increasingly popular with young professionals July 8, 2016 It’s a concrete jungle out there. At least, it is if you live in the London borough of Croydon. Despite birthing Kate Moss, Sir Philip Green and Tracey Emin, it’s not an area that’s known for glamour, largely due to a preponderance of outdated 1960s office blocks. Though there have been many attempts to revive [...]