Help to Buy boosts Barratt sales by 47 per cent November 13, 2013 Barratt Developments has praised the government's Help to Buy scheme for playing a large role in the rising activity in the housing market, reportinga rise in private forward sales of 46.7 per cent, or £1.1bn, for the period of July to November. The company's interim management statement, released on Tuesday, said: The Government's Help to [...]
High street under pressure after Barratts and Blockbuster collapse November 12, 2013 BRITAIN’S embattled high street has been dealt a fresh blow ahead of Christmas after shoe retailer Barratts and film rental chain Blockbuster fell into administration yesterday. Advisory firm Duff & Phelps said it has been hired as administrator to Barratts after it collapsed for the third time in four years, placing more than 1,000 jobs [...]
Barratts Shoes enters administration (again) November 11, 2013 UK high street shoe store Barratts, which employs 1,035 people in the UK, has gone into for the third time in four years. Duff & Phelps, who have been appointed as administrator, said: At this stage redundancies and/or store closures cannot be ruled out. In view of the financial position of the company and withdrawal [...]
London Report: Carney likely to bear good news about inflation November 10, 2013 GOVERNOR of the Bank of England Mark Carney is likely to be the bearer of good news when he presents his inflation report on Wednesday, with the growth rate heading up and the unemployment rate coming down. Carney pledged in August not to raise rates until unemployment fell to at least seven per cent, a [...]
Our guide to the best investments November 7, 2013 London property prices are sky-rocketing, so what better time to invest with the rest? RIGHT now, investing in a London home looks like a pretty smart move. Asking prices saw a 10 per cent increase last month and, with low-deposit schemes like the government’s Help to Buy initiative, more people are looking to invest in [...]
London house prices to keep rising due to chronic undersupply October 28, 2013 The London housing market will continue to experience significant undersupply in the coming years and will retain its robust stance, according to research by Deutsche Bank. The bank expects UK listed house builders with scale and history in the region to see strong returns in their London divisions. It also expects new entrants such as [...]
Move into the heart of city living October 24, 2013 Make a smart international investment or simply live among some of the world’s most famous landmarks There are certain things non-Londoners take for granted that seem like every-day miracles to those living in the capital. Walking to work is one of them – the morning commute is inescapable in the Big Smoke. You can also [...]
Gas and construction man Mark Clare joins United Utilities October 18, 2013 The group chief executive of Barratt Developments Mark Clare is joining United Utilities, the UK's largest water company, as a non-executive member, said the water company today. (Release) Clare, who has held his position at Barratt since 2006, was executive director of Centrica and managing director of the British Gas Residential Energy operation before moving [...]
New homes hoping to entice families to live in leafy London October 10, 2013 Regeneration project Edgware Green nestled in among four parks, golf, cricket clubs, and tree-lined boulevards IF YOU’RE looking for somewhere leafy to put down roots, you may find a new suburban development in north west London hits the spot. Edgware Green, in Green Lane, on the border of Edgware and Stanmore, is a new-build regeneration [...]
Best of the Brokers for 1 October 2013 September 30, 2013 WILLIAM HILL Deutsche Bank has cut its target price from 496p to 475p, while upgrading the gaming group to “buy” from “hold”. The broker believes that after an 18 per cent share price fall since August interim results, it is now time to buy into the stock again. FRENCH CONNECTION Cantor Fitzgerald has upped its [...]