Championship club Wolverhampton Wanderers put up for sale by chairman Steve Morgan September 28, 2015 Wolves chairman Steve Morgan has put his 100 per cent shareholding in the Championship club up for sale, eight years after taking control. Morgan will continue to support the club financially as it looks for a new buyer, but will step down from the board and day-to-day activities with immediate effect. The founder of FTSE [...]
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 [...]
Return of London’s mansions: The former homes of aristocrats are being converted June 25, 2015 It isn’t often that a prestigious street in London falls out of favour. You won’t see a regeneration of Eaton Square or the King’s Road any time soon. But Connaught Place, a handsome street lined with Georgian mansion blocks overlooking Hyde Park, was the Belgravia of pre-war London and it’s experiencing a resurgence in popularity. [...]
Work hard? Live harder in the City’s Brutalist Barbican Estate masterpiece June 11, 2015 When the Barbican was first conceived in the 1960s, it was a utopian ideal for inner city-living. Well ahead of its time, its cutting-edge, controversial architecture interweaved with public gardens, restaurants, shops, cultural destinations and a school. Brutalist architects Chamberlain, Powell and Bon then built four large residential towers that would become the Barbican [...]
Beam Park, Dagenham: London’s getting a new station and 2,000 new homes just 20 minutes from the City June 9, 2015 A new railway station will soon be coming to London after the Mayor of London, Boris Johnson, revealed ambitious plans for the regeneration of an area in East London which will also add up to 2,000 new homes in the capital. Beam Park in Dagenham is the last site in London up for grabs as [...]
Royal apartments dubbed the “One Hyde Park of their day” go on sale in London’s Mayfair June 1, 2015 When the Candy Brothers' One Hyde Park development went on sale with the most expensive flats in the world back in 2011, Londoners scoffed at their £65m price tags. But it's not the first time the capital has played host to some of the world's most exclusive apartments: in the early 19th century, the voluminous [...]
Life on the edge: The luxury properties on the outskirts of the City February 19, 2015 Life on the City fringes is set to get a lot more glamorous. Developers are already lining up to capitalise on postcodes in east London that are set to soar once Crossrail arrives in 2018. An area that’s sure to see the benefits is Whitechapel, whose prime addresses will sit 262ft above Aldgate East station. [...]
Redrow heralds record sales and profits after saving on dividend February 11, 2015 HOUSEBUILDER Redrow posted record sales and profits in the first half of the year thanks to the government’s Help to Buy scheme, a rise in house prices and strong demand for new homes. Group revenue in the six months to 31 December jumped by 54 per cent to £560.6m, driven by an 18 per cent [...]
Forget slowing UK house prices, Redrow just doubled its profits February 11, 2015 The figures Redrow, the British housebuilder, has revealed a bumper set of half-year results (to 31 December) this morning, showing revenue up 54 per cent to £560.6m and pre-tax profit up 92 per cent to £91.2m, in a rosy assessment of the market’s demand for new homes. The impressive results allowed the group to double [...]
Inflation report to give clues on rate hike date – London Report February 8, 2015 THE BANK of England’s quarterly inflation report is this week expected to offer an insight into whether historically-low interest rates will be increased this year or next. Howard Archer, of IHS Global Insight, said: “The Bank of England will obviously have to cut its near-term inflation forecasts sharply given that consumer price inflation fell sharply [...]