Mortgage finance firm Lendinvest taps three banks for £500m London float March 25, 2019 Online property finance marketplace Lendinvest has chosen three banks to lead its planned £500m float on the London Stock Exchange this year. It is understood Lendinvest, which provides funding for property investors, developers and landlords, has tapped Goldman Sachs and Barclays as joint global coordinators. Read more: Mortgage finance hub Lendinvest targets £500m London listing [...]
Housing demand slumps to near six-year low as first-time buyers pounce on ‘cautious market’ March 25, 2019 Demand for housing has slumped to its lowest level in almost six years, according to new figures that underline fears of waning activity across parts of Britain’s housing market. The number of house hunters registered per estate agent branch slumped by 15 per cent to 252 in February, marking the lowest since since July 2013. [...]
Just Group completes £375m fundraising to meet new regulations March 25, 2019 Retirement services firm Just Group shares fell again this morning as it announced it had completed a £375m fundraise to comply with new capital requirement rules. The firm, which unveiled heavy 2018 pre-tax losses earlier this month, said it had issued £300m worth of bonds and raised an extra £75m via an equity placing. Read [...]
Non-EU investment in London commercial property rose 75 per cent in 2018 March 25, 2019 Purchases of London commercial property by non-EU investors soared last year, rising 75 per cent on 2017. But investment from within the EU dropped sharply, according to figures from real estate research company Datscha. Read more: Retail property value set to plunge as online shopping rises Non-EU investors racked up £8bn in purchases in 2018. That [...]
Stocks for a durable ISA portfolio in the Brexit years March 24, 2019 By Edmond Jackson from interactive investor. With the Brexit outcome still uncertain, companies analyst Edmond Jackson picks five larger cap stocks and three AIM shares for a resilient ISA. Be aware how sentiment towards equities hinges currently on whether Brexit is "resolved" by way of "Soft" business-friendly outcome, or the UK leaves the EU without [...]
Battersea power station home buyers to claim refunds due to long delays March 23, 2019 People that purchased flats in the redevelopment of London’s Battersea Power Station will soon be eligible to claim a full refund with works running so far behind schedule. The scheme has been plagued with difficulties and the majority of the 255 apartments listed along the River Thames will not be ready before their “long-stop dates” [...]
Tesla sues former engineer for allegedly passing tech secrets to Chinese rival Xiaopeng March 22, 2019 Tesla has accused a former employee of stealing trade secrets and handing them over to a Chinese rival. Elon Musk’s firm has filed a lawsuit alleging one of its former engineers, Guangazhi Cao, copied the source code for its Autopilot self-driving technology before joining Chinese startup Xiaopeng Motors. Read more: Tesla launches new Model Y [...]
Why properties with less than 80 years left on the lease are suddenly popular with Brexit buyers March 22, 2019 In previous times, the demand for residential property with 80 years or less remaining on the leasehold was generally low. However, current market conditions favour a new breed of savvy buyers, seeking alternate methods of approaching the market who wish to benefit from continued Brexit-related uncertainty. Leasehold property is a depreciating asset, so the less [...]
New homes: Our pick of the new builds going on sale in London this weekend March 22, 2019 New developments on the market this week Royal Docks West, Newham From £685,000 View the last homes at a development in east London where the landscaped gardens are the size of nine tennis courts. A 12th floor show apartment in a 19 storey building has opened up to sell the last of 79 private homes [...]
Debenhams on the verge of sealing £200m funding from lenders March 22, 2019 Debenhams is close to receiving a £200m lifeline from lenders that would prevent the department store falling into the hands of largest shareholder Mike Ashley. A deal finalising its borrowing facilities, which are larger than expected, could be announced as soon as today, according to Sky News. Read more: Levi shares soar as jeans retailer makes stock market [...]