Foxtons swings to a loss in weak London property market February 28, 2019 Foxtons swung to a loss last year as the estate agent struggled with a weakened London property market, the company announced this morning. The figures The estate agent reported a £17.2m loss in its 2018 full-year results this morning, down from £6.5m profit the previous year, in part due to a non-recurring charge of £15.7m [...]
UK house prices: Housing market ‘on its knees’ amid Brexit uncertainty February 28, 2019 UK house price growth remained sluggish in February, as property experts warned the housing market is “on its knees”. Prices rose just 0.4 per cent year on year compared to January’s 0.1 per cent rate of growth, new data published today reveals. Read more: January transactions flat as uncertainty weighs on housing market But prices [...]
Brexit uncertainty sparks public to private takeover trend February 27, 2019 Brexit uncertainty has sparked private equity fund interest in UK take-private transactions, new research shows. Of the 42 firm offers for UK public companies last year 31 per cent were made by private equity, analysis by investment bank Jefferies shows. Read more: Why tech startups are snubbing IPOs Public to private deals completed in 2018 [...]
Why the Fourth Industrial Revolution may create beach hotspots for investors February 27, 2019 The Industrial Revolution resulted in a rail network that has influenced real estate values ever since. Now the Fourth Industrial Revolution is driving the latest wave of value creation – for certain beach locations. Our focus on this blog is on identifying the shifting fortunes of global cities. Part of this involves careful analysis of [...]
If you’re stuck on which tax-efficient investment scheme to go for, let’s weigh up your options February 27, 2019 At first glance, venture capital trusts (VCTs) and enterprise investment scheme (EIS) funds seem like peas in a pod. They are both government-backed tax wrappers, and they both let you invest in risky young companies. They also come with the same 30 per cent income tax perk, meaning that if you invested £10,000, you would [...]
Funds and investment trusts for all the family February 26, 2019 by Jemma Jackson from interactive investor. As the current tax year approaches an end, interactive investor selects some great funds for your ISA. Whilst reviewing or selecting an ISA portfolio might seem like a solo pursuit (the clue is in the name – Individual Savings Account), it doesn't have to be. interactive investor explains why [...]
Housebuilder Persimmon profits top £1bn as it names new CEO February 26, 2019 Persimmon made £1.1bn in profits in 2018, the housebuilder confirmed today, as it named a new chief executive. Dave Jenkinson, the finance officer who has been acting chief executive since its former boss left under a cloud over his bonus last year, will take on the role permanently, Persimmon confirmed. Read more: Is Persimmon’s success [...]
Persimmon share price dips in wake of Help to Buy contract fears February 25, 2019 Persimmon was among the biggest FTSE 100 market fallers this evening as fears that the property giant could lose its Help to Buy contract weighed on investor confidence. The developer will be hoping to claw back positive sentiment in the City tomorrow in its full-year profit results, after shares closed down nearly five per cent [...]
Hammerson announces £500m property disposal programme as it swings to a loss February 25, 2019 Shopping centre owner Hammerson has outlined plans to offload more sites in a bid to raise more than £500m following activist investor pressure. The figures The disposal programme was outlined in Hammerson’s full-year results for 2018, in which the firm announced a £268.1m loss. In the year to 31 December net rental income dropped 6.2 [...]
Most home purchases made by first-time buyers in 2018, research shows February 23, 2019 The majority of home purchases were made by first-time buyers last year for the first time in 23 years, according to new research. The number of first-time buyers reached 372,000 in 2018, the latest Halifax First-Time Buyer review shows, and now account for more than 50 per cent of all house purchases with a mortgage. [...]