Wework chief executive Adam Neumann steps down following botched listing September 24, 2019 Wework co-founder Adam Neumann is stepping down as chief executive of the shared office business with immediate effect, in the wake of its botched initial public offering (IPO). Neumann had come under pressure from investors unhappy at the company’s plunging valuations, its undercooked listing plans and his own erratic behaviour. The company confirmed this evening [...]
Donald Trump says US-UK trade deal will be ‘magnificent’ September 24, 2019 US President Donald Trump told the United Nations today that the UK-US trade deal he has been working on with Prime Minister Boris Johnson will be “magnificent”. “As the United Kingdom makes preparations to exit the European Union, I have made clear that we stand ready to complete an exceptional, new trade agreement with the [...]
Why as an investor I’m looking through Brexit fears September 24, 2019 Following the twists and turns in Westminster of the past few weeks I expect many more market participants will simply place UK equities in the “too difficult” basket. Anecdotal stories of overseas investors selling their last UK stocks could start doing the rounds again. Brexit and political uncertainty have been a drag on UK equities, [...]
Housing market uncertainty persists as property transactions remain flat September 24, 2019 Property transactions in August edged down slightly year-on-year, but buyers and sellers showed some signs of resilience despite the current Brexit uncertainty. There were 99,890 residential deals in August 2019, falling 0.9 per cent from last year but rising 15.8 per cent compared with the previous month, according to new HMRC data published today. Signs [...]
‘I bought in London using shared ownership – and cut my commute’ September 23, 2019 As a senior reporter for one of the UK’s leading national newspapers, covering stories across the capital and beyond, David Rivers needed a home that was well-connected to central London. After 18 months of renting in a shared house in Streatham Hill, he was keen to get on the property ladder and have a place [...]
‘It’s empowering to buy a shared ownership home’ September 23, 2019 Shared ownership helped West End actor Chris buy a place of his own in his beloved Islington Twenty-nine year old actor Chris Leask says that shared ownership was the “only way” he was ever going to be able to buy his own place in London. Chris, who is currently playing ‘Everyone Else’ in The Comedy [...]
Our pick of the shared ownership homes on the market right now September 23, 2019 Whether you want to live in trendy east London or find a quiet family home near to schools and parks, there is a shared ownership property for you. Here are some that are on the market right now. Homes in east London Pimento, Aldgate E1Newlon Housing Trust Located close to Aldgate East underground, Pimento is [...]
How to move up from shared ownership to full home ownership: a guide to ‘staircasing’ September 23, 2019 Jade Turnstill, Share to Buy’s digital marketing manager, explains how shared ownership homeowners can increase the stake they own in their property over time What is staircasing?Staircasing is the process of increasing the amount of shares you own in your shared ownership property. In most instances you can staircase up to 100 per cent, becoming [...]
Reuben brothers invest £19m in modular homes developer Project Etopia September 23, 2019 Billionaire property tycoons David and Simon Reuben have invested £19m in Project Etopia, a housing developer specialising in modular homes. Project Etopia, which was founded in 2015, provides energy-efficient modular homes and school buildings that can be constructed in under four weeks. Read more: UK house price growth slows to seven-year low The Cambridge-based company [...]
Thomas Cook teeters on brink as eleventh hour talks look likely to end in failure September 22, 2019 Thomas Cook was close to collapsing into administration tonight as eleventh hour talks with its lenders looked set to end in failure. The company’s creditors and the government were tonight anticipating that the world’s oldest travel operator would announce it was ceasing trading tomorrow, Sky News reported. Big Four accountancy firm KPMG was tonight being [...]