William Hill shows the gaming tables can turn July 26, 2016 It's eat or be eaten in the gaming sector, and 888 and Rank have decided they would rather be predators than prey. Once takeover targets themselves, the two gambling firms have joined forces to consider bidding for William Hill, which is down on its luck. They have pounced with a preliminary approach following last week’s shock [...]
Trying to sell your property? Here’s everything you need to know about the UK’s housing market after the Brexit vote July 22, 2016 Before the EU referendum, politicians were forecasting a housing market crash. We've now had a fair bit of data post-Brexit – here's everything we know so far. The market is slowing down You can't understand the housing market without looking at transaction volumes. While surveys have suggested asking prices have fallen over the past few weeks and [...]
Estate agents, housebuilders and other property shares slide on downbeat house price forecasts July 22, 2016 Property companies were the FTSE's biggest fallers this morning, after a raft of downbeat forecasts surrounding the UK's housing market. Countrywide, the UK's largest estate agent, was one the biggest faller on the FTSE 250 in early trading, with its shares falling 7.2 per cent to 233.7p. However, property portal Zoopla and Crest Nicholson were also both [...]
Homeowners worried house prices are falling – but dip may prove temporary July 22, 2016 Homeowners across the country think the value of their houses fell over the last month for the first time in more than three years. With talk of a slowdown in transactions and pre-referendum warnings about a house price crash, the house price sentiment index (HPSI) compiled by IHS Markit and estate agents Knight Frank, published [...]
Sorry, Prime Minister: Legislation won’t end excess in the boardroom July 19, 2016 A key element of our new Prime Minister’s platform is to curb what she perceives to be boardroom excesses. “It is not anti-business to suggest that big business needs to change”, she said. One of her proposals is to allow employee and worker representatives to sit on company boards, a suggestion which has not gone [...]
Sales of prime central London properties are now lower than they were in 2008 July 19, 2016 Transaction volumes in prime central property have dipped lower than their last trough in 2008, according to research from property data company LonRes. In the second quarter of this year, there were only 286 sales in prime central London property recorded, lower than the 347 sales recorded in the fourth quarter of 2008. Read more: Buy to [...]
“I was the future once”: David Cameron wraps up his final session of PMQs July 13, 2016 Prime Minister David Cameron has finished his final questions in the House of Commons, earning a standing ovation from his own party, and making an emotional appeal to MPs to interrogate their leaders. Responding to a final question from Tory backbencher Ken Clarke, Cameron pledged to be an active backbencher and said he would be [...]
Cyprus Chill: how to really kick back in this undiscovered corner of the Med July 8, 2016 ‘Most of what you see has been untouched for the last 40 years because of our political situation,” says my guide Yusuf, gesturing to the ruins behind him.“The embargo imposed on us by the international community after the country divided in 1974 has meant that we have been unable to excavate any of this site.” [...]
Buy to let tax changes knock London luxury rent prices July 8, 2016 London's luxury property market is suffering from oversupply this year after the government's stamp duty changes came into effect at the beginning of April. The capital's rental prices on luxury properties have fallen by one per cent year-on-year in the first quarter, according to research from Knight Frank. Read more: Rents edged down in May as [...]
City Moves for 1 July 2016 | Who’s switching jobs July 1, 2016 UniCredit UniCredit, Italy's biggest bank by assets, has appointed Jean Pierre Mustier as CEO. Jean Pierre began his career at Societe Generale where he held various positions from 1987 to 2009. In 2003, he was appointed head of Societe Generale’s corporate and investment banking division and member of the bank’s executive committee. From 2011 to [...]