Which equity sectors can combat higher inflation? March 31, 2021 Some investors are worried that inflation is set to rise. We look at which equity sectors could prove to be the most resilient. The sharp rise in bond yields over recent weeks has rattled equity markets amid fears that fiscal stimulus and a post-pandemic spending splurge could stoke higher inflation. Five-year inflation expectations, as measured [...]
Revealed: The London boroughs where houses sell fastest March 31, 2021 The areas of the capital where property sells the fastest have been revealed, with outer London boroughs dominating the list. Waltham Forest was the neighborhood where sellers can hope to offload their properties the quickest, with two-bed terrace houses the fastest to be taken off the market in just 35 days. Barking and Dagenham, Bexley [...]
Fuller’s seeks to shore up cash as Covid burns up to £5m each month March 31, 2021 Fuller, Smith & Turner said on Wednesday it received a conditional extension to its debt maturities from its lenders. The extension comes after the British pub operator warned that its sales would plunge by around 80 per cent for the full year to March 2021. The company also said it was raising money from the [...]
Student property developer Unite Group sells eight buildings for £133m March 30, 2021 Student accommodation developer Unite Group has sold eight buildings for £133m, it announced this afternoon. It has sold the blocks with 2,284 student beds in Coventry, Wolverhampton, Birmingham, Exeter and Manchester to Aventicum Real Estate. The deal is part of Unite’s disposal programme to cash in assets worth £200m to £300m. Unite has completed the [...]
What 175 years of data tell us about house price affordability in the UK March 29, 2021 What we’ve learned from nearly 200 years of housing data – and is property really a better investment than a pension? We dug into the treasure trove that is the Bank of England’s Millennium of data resource to analyse the history of house prices. We found that the average house in the UK currently costs more than [...]
The key to the pandemic prime property market is simple: Don’t panic! March 29, 2021 This is an uncertain and frustrating time for buyers looking for prime properties. The pandemic is distorting markets across the south of England, meaning people have to spend more time than ever sifting through an overwhelming and confusing number of stats, market reports and opinions. A large part of the problem is the current paucity [...]
Daily Mail owner’s shares jump as it bags £1bn from Cazoo listing March 29, 2021 Shares in the publishing group behind the Daily Mail jumped in morning trading as investors geared up for a £1bn windfall from Cazoo’s New York stock market float. The online used-car platform, in which Daily Mail and General Trust (DMGT) holds a 20 per cent stake, this morning confirmed plans to go public in a [...]
A home for £28m: What are the most expensive streets in London? March 29, 2021 Upper Phillimore Gardens in Kensington is London’s most expensive road to buy a house on, with the average sold price on the road in the last 12 months sitting at a cool £28m. Head down past Earl’s Court and you’ll come across the Boltons, London’s second most expensive street over the last 12 months, with an average sold price of £22.5m. [...]
Honda to sell Swindon factory to developer Panattoni March 26, 2021 Honda will sell on its Swindon factory to industrial property developer Panattoni when it leaves the site in July, it was announced today. It is expected that the site will be handed over to the European firm in the spring of 2022, the carmaker said. It did not disclose the value of the deal. Following [...]
A drive to survive: How Liberty Media used Netflix and esports to win a new generation of fans and safeguard the future of Formula 1 March 26, 2021 It feels like an awful long time ago now that Liberty Media took the wheel of Formula 1, completing a takeover valued at $8bn including debt in January 2017. Donald Trump had just been inaugurated and the most relevant global health emergency was the Zika virus. In motorsport, meanwhile, Lewis Hamilton had been dethroned and [...]