Property: Market now faces acute supply shortage after buying frenzy August 26, 2021 Housing stock levels are down 26.4 per cent compared to the 2020 average, as buyer demand has eroded existed supply. While buyer demand remains strong, up 20.5 per cent, stock supply will remain low into next year, according to the property platform Zoopla’s monthly House Price Index. The property market is experiencing its greatest stock [...]
Cazoo goes public: Will it be a hat-trick of triumphs for Alex Chesterman? August 25, 2021 For some petrolheads, how quickly a car can go from nought to 60 miles per hour is a good indication of its quality. If one were to measure Cazoo on a similar scale, the results would be somewhere off the speedometer. On Friday the used car marketplace will go public in New York in a [...]
Cazoo goes public: Will it be a hattrick of triumphs for Alex Chesterman? : CityAM August 25, 2021 For some petrolheads, how quickly a car can go from nought to 60 miles per hour is a good indication of its quality. If one were to measure Cazoo on a similar scale, the results would be somewhere off the speedometer. Also Read: Cazoo sees revenue grow sevenfold as New York listing nears On Friday [...]
Property Special: London’s most affordable postcodes, up and coming areas, best for schools and to invest August 25, 2021 The property market has boomed over the past year, thanks to the stamp duty holiday which has given a lot of first-time buyers the opportunity to get their foot on the property ladder. Coupled with the introduction of the new government backed 5 per cent deposit scheme, designed to help home buyers, the market isn’t [...]
London property managing platform Plentific bags $100m in fresh funding August 24, 2021 London-based Plentific, which operates a property management platform, has pulled in $100m (£72.8m) in its latest funding round. The Series C fundraiser, led by fresh investors Highland Europe and Brookfield Technology Partners, is set to finance its expansion plans across the US and the rest of the world. Investors old and new piled into the [...]
London property managing platform Plentific bags $100m in fresh funding – CityAM : CityAM August 24, 2021 London-based Plentific, which operates a property management platform, has pulled in $100m (£72.8m) in its latest funding round. The Series C fundraiser, led by fresh investors Highland Europe and Brookfield Technology Partners, is set to finance its expansion plans across the US and the rest of the world. Investors old and new piled into the [...]
Home sales dropped 63 per cent in July August 24, 2021 Property transactions were 62.8 per cent lower in July compared with the previous month after the stepping down of the temporary stamp duty reduction. The provisional adjusted estimate of UK residential transactions for July was 73,740, up 4.2 per cent on July 2020, the latest data from HMRC has shown. There was a rush to [...]
The Centurions: How to plan for a 100-year life August 23, 2021 Significant increases in life expectancy mean that many of us may well celebrate our 100th birthday. That means more time with the people you love, but it could also put extra pressure on your finances. According to the Office for National Statistics, the average 50-year-old woman has a life expectancy of 87 years. However, there [...]
Sara Glass CA: From the private sector to CFO of the Scottish Parliament August 23, 2021 This article first appeared in ICAS’ CA magazine. Sara Glass CA left a successful career in the private sector to become CFO of the Scottish Parliament. She tells Ryan Herman why the two roles are more similar than they appear. It is less than a year since Sara Glass CA became Chief Financial Officer for the [...]
Morrisons’ messy and dramatic takeover battle: Where are we now? August 20, 2021 Morrisons agreed a £7bn offer late last night in the latest twist in the UK supermarket chain’s dramatic takeover battle. Shares jumped this morning after investors digested the new deal from US private equity firm Clayton, Dubilier & Rice (CD&R). It comes weeks after a rival bidder, a consortium led by private equity rival Fortress, [...]