Travis Perkins: Profits slashed by £175m as housing downturn cuts revenue March 5, 2024 A downturn in the house building market let to profits at Travis Perkins being slashed by £175m during its latest financial year.
Equity inflows: UK investors most bullish in three years March 5, 2024 UK investors reached their most bullish in three years last month, as they poured £2.7bn into equity funds throughout February.
Foxtons’ revenues jump as bumper London rents boost balance sheet March 5, 2024 Foxtons said rents in the capital had hit the 'higher for longer' stage as it reported a year of operational progress
London is crying out for more homes –here’s how the next mayor can build them March 5, 2024 It will take a young couple on a normal income 30 years to save a deposit to buy the average property in London, but there is a way to change that, writes Sam Richards London is in a housing crisis. The boom the city has experienced over the past three decades has seen the number [...]
FTSE 100 today: London markets braces for cautious opening as U.S. and Asian markets slip March 5, 2024 Hong Kong and Chinese stocks fell as China set a 5% growth target. Meanwhile, Bitcoin surged past $68,000. Investors now await Fed Chair Jerome Powell's testimony for market insights.
China’s audacious aim: pursuing five per cent growth target amidst economists’ scepticism March 5, 2024 China has set its sights on achieving an economic growth target of approximately 5% for the current year, a goal that some economists consider ambitious.
China bounces back in February and dominates best performing funds March 4, 2024 The best performing funds throughout February were dominated by Chinese funds, while property and physical metal funds both lost out as the worst performers. Throughout last month, the best performing fund was Matthews China Small Companies, which returned 14.4 per cent, according to data from FE Fundinfo. Indeed, seven of the top 10 performing funds [...]
The hidden infrastructure holding back the housing market March 4, 2024 Politicians of all stripes are promising to help more people onto the housing ladder, but behind the headline-grabbing policies, the elephant in the room is whether the mortgage and conveyancing market can cope with a spike in transactions, says Joe Pepper The housing market will be a key battleground in the forthcoming election, and we [...]
The UK is lagging behind in supporting the scale and economic potential of growing sectors, including sports and recreation: Padel is a prime example March 1, 2024 With over 25 million players in more than 90 countries, padel has been taking the world by storm, and has frequently been reported as the fastest-growing sport across the globe. Spain has six million players, and over 20,000 courts. Italy is the fastest new adopter of the sport, making up 18.5% of all global Google [...]
The most profitable company on the FTSE 100? Rightmove. March 1, 2024 Rightmove has reported strong results for the full year 2023 after increasing customer engagement through digital offerings.