A share in a housing nightmare? The problems with leasehold contracts and shared ownership July 10, 2019 The saga around leasehold contracts gets more complicated for buyers using the shared ownership scheme
Investor enthusiasm for UK commercial property slumps July 9, 2019 Investor enthusiasm for commercial property in the UK has slumped further as sentiment swings towards France and Germany. Only 27 per cent of international professional real estate investors said the UK is their preferred market, down four per cent in the last 12 months as Brexit uncertainty continues to weigh on investor sentiment. Read more: [...]
Bovis expects half-year rise in profits despite Brexit uncertainty July 9, 2019 Bovis Homes looked to shrug off troubles in the property sector today after forecasting that it will report a significant improvement in profit for the first six months of 2019. The housebuilding giant said it delivered a total of 1,647 house completions in the six months to the end of June, rising from 1,580 during [...]
Why don’t banks care about SMEs? July 9, 2019 For a service sector dealing almost solely with numbers and structured data, the world of small business lending could not be better suited to disruption by digital machines. But recently, Bank of England governor Mark Carney rightly pointed out that, despite small and medium sized enterprises (SMEs) facing a £22bn funding gap, almost half don’t [...]
Habito launches its own range of mortgages after green light from regulator July 9, 2019 Online mortgage broker Habito has launched its own range of products as it looks to stake its claim in the mortgage market. Habito, which currently allows customers to search for loans from other providers, has now revamped its platform to offer its own range of mortgages. Read more: UK property market: Mortgage approvals dip from [...]
UK house prices surge 5.7 per cent in June July 5, 2019 UK house prices shrank by 0.3 per cent in June compared to the previous month, according to data released today. But the growth rate rocketed 5.7 per cent on an annual basis last month, according to Halifax’s latest house price index, to take the average UK house price to £237,110. Read more: UK house price [...]
A long-term fund wouldn’t prevent another Woodford scandal – it completely misses the point July 4, 2019 Last week, Mark Carney said Woodford-style funds are “built on a lie”
City Moves for 4 July – Who’s switching jobs? July 4, 2019 Today’s City Moves includes Taylor Wimpey, Relendex and Queensberry. Taylor Wimpey Taylor Wimpey has announced that it has appointed Irene Dorner as its new non-executive chair of the board. Irene will join as chair-designate and as an independent non executive director on 1 December. She will work closely with Kevin Beeston during a handover period [...]
RPS blames Aussies for share price collapse July 3, 2019 By Graeme Evans from interactive investor. Profit forecasts slashed and rising debt threatening the dividend, will this crash attract bidders? A recovery for RPS Group (LSE:RPS) since an October profit warning has proved to be short-lived after Australia’s slowing economy derailed progress at the environmental consultancy. The latest warning sent shares in the Abingdon-based business crashing by as much as [...]
The Works shares rise as value arts retailer boosts revenues July 3, 2019 Discount UK retailer The Works saw its shares rise 10 per cent this morning after its full-year results showed increased underlying profit in the year to April 2019. Read more: Arts and crafts store The Works plummets after profits take a hit Investors were not put off by the heavy costs The Works incurred related [...]