Here’s what the Monopoly board of 2016 looks like October 10, 2016 When Monopoly was created in 1935, the price tag for a Mayfair property was just £400 – but house prices have changed a lot since then. So if the Monopoly board was drawn up now, what would it look like? The cheapest parts of the board are still the same, but the average price on [...]
New homes on sale in London: from riverside homes in Woolwich to an old furniture factory in Hackney October 7, 2016 Royal Arsenal Riverside, Woolwich From £422,500 The first homes with a view of the river are on sale at Berkeley Homes’ new scheme. The 20-storey building also overlook a new four-acre Waterside Park that connects Woolwich Town centre to the river path. In total, there are 266 studio to three bedroom flats on sale at [...]
Why your investments might be promising something too good to be true October 4, 2016 Investors usually wouldn't turn their nose up at a bumper dividend payout, but research out today has warned many FTSE 100 companies might be promising more than they can deliver. Nearly half (48) of FTSE 100 firms have planned for dividends which are more than two times their forecast earnings for 2016, which AJ Bell [...]
Housebuilder shares on the road to recovery after Brexit vote falls October 4, 2016 Housebuilders' shares are on the road to recovering the losses they sustained after the Brexit vote on the back of chancellor Philip Hammond's announcement of a £5bn stimulus package for the industry. Hammond said yesterday that he would be setting aside money to encourage developers to build on surplus public land and to fund more [...]
Housebuilder share prices climb on chancellor’s £5bn stimulus package for the industry October 3, 2016 Housebuilders' share prices have been climbing today after chancellor Philip Hammond announced he would be providing a £5bn stimulus package for the industry. Hammond will be setting aside £3bn to help build 25,000 homes during the parliament and a further £2bn to encourage developers to build on surplus public land. At time of writing, Persimmon's [...]
Oil prices slide back to $48 after two-day jump September 30, 2016 Oil prices fell today after a seven per cent rise in the last two sessions as doubts grew over the ability of Opec's output cut to accelerate the stricken market's recovery. Brent crude, the global benchmark, fell as much as 1.77 per cent to $48.62 per barrel in mid-morning trading, having settled up about 1.1 per cent [...]
Playing at home: Barratt plans Upton Park housing overhaul September 20, 2016 Upton Park, the former home of football team West Ham United, is set to be made in to 842 new homes in the London Borough of Newham. Residential property developer Barratt London has taken on the project and plans to rename the area Upton Gardens. The plans include 211 so-called affordable homes. Read more: West Ham's Karren [...]
Galliford Try’s share price jumps as it raises dividend September 14, 2016 Housebuilder Galliford Try's share price jumped six per cent this morning after the company said it would be raising its dividend. In its annual statement for the year ending 30 June, Galliford Try said it would be raising its dividend by 21 per cent to 82p per share. The housebuilder posted record profits of £1.35bn [...]
House price growth slowdown is happening faster than analysts expected September 7, 2016 House prices in the three months to August this year were 6.9 per cent higher than in the same three months of last year – the slowest rate of growth for almost three years. The annual rate of growth slowed from 8.4 per cent in July, continuing the downward trend since March when the annual rate reached [...]
Barratt Developments defies Brexit doomsayers with “confident” outlook September 7, 2016 The figures Barratt Developments' completions swelled by 5.3 per cent to 17,319 homes in the year ended 30 June, meaning it delivered completion volumes for eight years. This helped the housebuilder's pre-tax profit jump 20.7 per cent to a record £682.3m during this period, up from £565.5m a year earlier. The company also significantly strengthened its balance sheet, with Barratt's cash [...]