Greystar, PSP and Allianz buy Shoreditch student housing scheme for £160m March 11, 2019 Property giant Greystar has led a consortium of buyers that has snapped up a student accommodation project in Shoreditch from investment firm Apache Capital for £160m. Greystar, alongside partners Public Sector Pension (PSP) Investments and Allianz Real Estate, has exchanged contracts to acquire the Paul St. East development. Read more: Greystar and Henderson Park snap [...]
This investment clock says what assets to buy and when March 11, 2019 By Tom Bailey from interactive investor. It’s inevitable that the unremitting global economic cycle will impact stock markets, but when? The economist Paul Samuelson once joked that the stock market has predicted nine of the past seven recessions. But while the over-reactive nature of equity market investors and their poor predictive powers ring true, there [...]
If London is to continue to thrive, MPs must take a no-deal Brexit off the table March 11, 2019 There is no denying that trying to sell London to international investors this week of all weeks presents a challenge. Inevitably, uncertainty caused by Brexit has made some businesses more hesitant to commit further to operations in London than they would have been otherwise. Looking beyond the imminent drama in Westminster, however, I have reason [...]
Holloway prison to be turned into 1,000 homes after £81.5m deal with housing association Peabody March 9, 2019 Holloway prison in north London has been sold to housing association Peabody in a £81.5m deal and will now have more than 1,000 homes built on the site. The former women's jail occupies a 10-acre site and previously held murderers Myra Hindley and Rose West. Read more: Countrywide losses deepen amid housing market slowdown Peabody [...]
Stockwatch: A recovery play and takeover target March 8, 2019 By Edmond Jackson from interactive investor Persistent director buying implies long-term value at this well-known firm, argues our shares analyst. Have shares in £260 million price comparison website Gocompare.com (LSE:GOCO) finally bottomed out? Four non-executive directors appear to think so, buying nearly £44,000 worth of stock at around 65p once the company was out of [...]
Countrywide shares tumble as it confirms heavy losses amid housing market slowdown March 7, 2019 Shares in estate agency Countrywide dropped more than eleven per cent today after it confirmed a widening of its full-year losses and warned of a tough year ahead. The figures Full-year revenue fell seven per cent to £627.1m, driven by a pipeline deficit in sales. The firm’s losses widened from £207.3m to £218.2m. Adjusted earnings before [...]
Two analyst downgrades take big chunk out of Rio Tinto shares as iron prices set to drop March 7, 2019 Rio Tinto weighed on the London exchange today after the miner was hit by two analyst downgrades in two days, wiping around £4bn off its market value. Shares dropped around 7.6 per cent in the mid afternoon to 4,137p as Societe Generale advised investors to sell their shares in the iron miner. Read more: Iron ore [...]
Funding Circle shares rise despite widening losses on IPO costs March 7, 2019 Shares in peer-to-peer lender Funding Circle jumped as much as five per cent this morning despite widening losses following the fintech firm’s initial public offering (IPO) last year. The figures Funding Circle fell to a £51.6m operating loss in 2018, 40 per cent up from a loss of £36.9m the previous year. Read more: Funding [...]
How savers can use an Innovative Finance Isa to reap the rewards from the property market March 6, 2019 "If things go wrong (and they can), then a property-backed Isa at least means that there is a tangible asset that can be sold to recover your money,” says Frazer Fearnhead, chief executive and founder of property peer-to-peer lending platform, The House Crowd. “While it’s not a guarantee, it does mean that the secured property [...]
How to use an Isa to invest in peer-to-peer loans March 6, 2019 Since peer-to-peer (P2P) lending platforms began to enter the market in 2005, savers have used the services to hand out more than £10bn to borrowers. Aside from providing a significant boost to the UK economy, P2P offers attractive interest rates to lenders by cutting the banking sector from the borrowing process. The Innovative Finance Isa [...]