Estate agents in late-night stamp duty deal rush after Autumn Statement tax band change December 4, 2014 It was the early hours of the morning in Hong Kong when the phone rang. The person whose phone was ringing grew angry over the caller’s persistence at such an hour, but any frustration probably subsided when the individual ended the night £20,000 better off than they would have been otherwise. The deal [...]
This time last year Foxtons was an investor favourite – what happened? December 4, 2014 It was just over a year ago that London estate agent Foxtons became the darling of the London Stock Exchange with a stonkingly successful IPO. Having floated at 230p, valuing it at £649m, shares in the company rose sharply to a peak of 285.5p in its first day of trading. By the end of February, [...]
Autumn Statement 2014: The big stamp duty shake-up December 3, 2014 Stamp duty will be cut for millions of house buyers but hiked on the most expensive properties as part of a radical shake-up of the system announced by George Osborne. The chancellor claimed some 98 per cent of buyers will see a cut in their stamp duty bill as a result of the move, seen [...]
Autumn Statement 2014: Reactions to George Osborne’s announcement – from the City economist to the property expert December 3, 2014 THE BUSINESS GROUP Confederation of British Industry director general John Cridland Growing firms will benefit from business rates reform. We welcome continued commitment to deficit reduction. “These major changes on stamp duty and business rates will be a shot in the arm for families and growing firms as they look towards 2015. [...]
Keeping score: Hans Zimmer on re-inventing film music, playing live and ruining the Oscars December 3, 2014 Film scores are typically there to draw the audience into the world of a movie, to guide their emotional response without acting as too much of a distraction – a delicate piano concerto over a couple’s first kiss or a soaring orchestral movement as soldiers march into battle. Few are memorable enough to hum after [...]
Sir Clive Sinclair is crowdfunding a new ZX Spectrum computer December 2, 2014 If you were around in the 1980s, you will know how truly immense this news is. Sir Clive Sinclair is crowdfunding to create a new ZX Spectrum. For those who don't, Sinclair was behind the Spectrum range – one of the first mainstream home computers in the UK, which rivalled the likes of the [...]
Focus on Victoria: Grab a prime bargain in SW1 November 27, 2014 Victoria has long been a place of work, but it’s been a while since it’s been a place to live. Dominated by a mixture of grey government office blocks and its various transport hubs, it certainly doesn’t fit the desirable London village trend. But that may be about to change. Developer Land Securities [...]
Sport Comment: Why Lewis Hamilton shouldn’t worry about popularity contest November 27, 2014 LEWIS Hamilton will draw a measure of comfort if he fails to become BBC Sports Personality of the Year. Becoming Britain’s first double Formula One world champion in more than 40 years, plus a bumper new contract likely to earn him more than £100m, will provide a soothing balm. Yet this is a shame. For [...]
Over 1m gas customers have been overcharged due to faulty meters November 26, 2014 More than one million pre-payment gas customers have been overcharged because their meters are faulty, the industry has admitted. About 1.5m meters have not been working properly since they were installed, some as long ago as 2007. The industry body Energy UK said customers may have been overcharged by as much as 25p for each [...]
London house prices: Market for £10m-plus homes gets boost from Russia November 25, 2014 Sales of homes valued above £10m has soared by a third this year. The figures released yesterday by estate agents Knight Frank also show the number of transactions were 92 per cent higher from January to October than they were in the same period of 2014. A surge in demand has been seen from Russia. [...]