Bank to announce rates decision as China woes weigh – London Report September 6, 2015 THE BANK of England will be centre of attention on Thursday when it provides a simultaneous release of its monetary policy decision and minutes from its monetary policy committee (MPC) meeting. The MPC is almost certain to keep interest rates unchanged at 0.5 per cent, with worries about China and oil price declines meaning other [...]
London property focus on North Greenwich: Affordable homes by the riverside September 4, 2015 Fancy a night out in North Greenwich? No, not that one with the market, the chapels, the observatory and the ship. The other one with the O2 Arena and… not much else. It’s a hard sell, truth be told, so imagine how much harder it must be to convince someone to live there. Once a [...]
Housebuilder shares rise as government launches £36m fund to build first-time buyer homes on brownfield sites August 10, 2015 Shares in the UK's largest housebuilders rose today after the government unveiled two funds collectively worth £36m aimed at building homes for first-time buyers on brownfield sites. Communities secretary Greg Clark said a £26m fund will be used to acquire brownfield sites to provide land for starter homes, while another, £10m, fund is aimed at [...]
FTSE falls despite rally after Bank’s dovish rate update – London Report August 7, 2015 BRITAIN’S top share index slipped yesterday, weighed down by weakness in miners and insurer RSA, though it briefly rallied off lows after a broadly dovish update from the Bank of England. The FTSE 100 index ended down 5.32 points, or 0.1 per cent lower at 6,747.09 points, turning slightly lower after a negative open on [...]
Bank of England: Taylor Wimpey, Persimmon and Barratt Developments share prices rise after not-so-super Thursday August 6, 2015 Shares in housebuilders were boosted today after the Bank of England's historic "data dump" struck an unexpectedly dovish note. Taylor Wimpey shares rose 2.19 per cent to 200.5p per share, while Persimmon was 1.22 per cent higher at 2,079p per share and Barratt Developments was 1.4 per cent higher at 650p per share. Read more: Mortgage [...]
Barratt’s plans for 135 homes in Battersea given the green light August 6, 2015 BARRATT London has been granted planning permission to build 135 homes in Battersea, becoming the latest in a raft of schemes set to change the skyline on the south bank of the Thames. The London arm of the UK’s biggest housebuilder Barratt Developments plans to build a 28-storey tower at 12-14 Lombard Road on the [...]
Lloyds, GSK and Vodafone: The 10 shares pension drawdown investors are buying up August 5, 2015 Four months after pension savers were given freedoms allowing them to withdraw their savings and invest it into other areas, they have yet to spend their pension pots on those Ferraris everyone was worried about when the freedoms were first announced. Or that's according to financial adviser Hargreaves Lansdown, anyway, which has listed the top [...]
City Moves for 24 July 2015 | Who’s switching jobs July 23, 2015 CVC Credit Partners Chris Fowler has been appointed managing director in the asset management and investment firm’s private debt team. Based in London, he joins from GE Capital, where he was managing director in the mid-market leveraged finance origination team. Fowler began his career at Morgan Stanley. Lloyds Bank Commercial Banking The bank has announced [...]
Bosley explosion: Four people trapped and major incident declared after explosion at Wood Flour Mills in Cheshire causes multiple casualties July 17, 2015 Update: Four people are still missing, several hours after an explosion caused a wood works in Cheshire to collapse. Police have said a further two explosions have taken place at the Wood Flour Mills wood works in Bosley, Cheshire, and that four people are thought to remain trapped in the building following this morning's [...]
Sky shines but rates warning knocks back UK’s housebuilders – London Report July 14, 2015 BRITAIN’S top share index closed higher yesterday, with broadcaster Sky climbing after Deutsche Bank upgraded the shares and energy stocks rising as crude oil rose. The FTSE 100 index closed 0.2 per cent higher at 6,753.75 points, extending a one per cent rise on Monday when markets welcomed a Greek debt deal. Shares in Sky [...]