Whoever wins the fight over housing and energy will hold the key to victory September 5, 2023 With Parliament back, both parties need to focus on what's going to matter to voters in the next months: housing and energy prices will be top issues, together with questions on net zero, writes Elena Siniscalco
The Notebook: Victoria Scholar on the economy, Ryanair, and Spoons September 5, 2023 Do you want the good news or the bad news first? I’ll start with the good.
China: Country Garden share price soars after vote to restructure debt and avoid default September 4, 2023 Shares in Chinese property developer Country Garden soared after investors backed proposals to restructure its debt, easing pressure on the embattled company.
Belvoir: Renter demand helps drive up revenue amid rocky period for UK housing market September 4, 2023 Belvoir has reported a 10 per cent uptick in profit before tax to £4.4m in its half year results as it was bolstered by a series of acquisitions and rising demand for rent. During the term, the listed property firm acquired BMA Bristol Ltd, a financial services business comprising of over 20 self-employed advisers for £1m, [...]
James Ashton: In the City with Huddersfield on my mind September 4, 2023 Today, the journalist and author and chief executive of the Quoted Companies Alliance, James Ashton, takes the City A.M. notebook pen
Wall Street edges higher following data that shows the labour market is cooling September 2, 2023 A choppy day of trading on Wall Street ended on Friday with slight gains for stocks, as the market notched its second straight winning week. The market got a boost early on from a closely watched government report that showed US job growth increased at a healthy but more moderate pace last month. The report [...]
Vistry, Barratt and Berkley: Housebuilders to report as investors nervous on rates, mortgages and rule changes September 1, 2023 After their shares soared on the Government’s decision to relax environmental rules, three housebuilders are preparing to update shareholders next week. Vistry, Barratt Developments and Berkeley Group will all update shareholders during the week, as nervous investors will be looking for more indications of what is happening in the mortgage market. Vistry has already said [...]
FTSE 100 close: London ends week flat after house price slump and US payroll figures September 1, 2023 London's FTSE 100 index started Friday in the green on a quiet results day, as investors look to US payroll figures after lunch for signals of more rate hikes.
UK house prices drop by 0.8 per cent as ‘softening’ of growth at weakest since 2009 September 1, 2023 Nationwide said house prices are now 5.3 per cent below their August 2022 peak, while the average property value is now £259,153.
Property sales down 16 per cent in July as reduced lending rates fails to stop hesitancy August 31, 2023 The number of property sales taking place in July was 16 per cent lower than it was in the same month last year, as reduced lending rates failed to allay prospective buyers' hesitancy.