UK house prices grew 6.5 per cent in December January 9, 2017 UK house prices grew 6.5 per cent year-on-year in December, Halifax said this morning, as it warned that housing demand is expected to drop in 2017. The UK average house price reached £222,484 in the final month of the year, up 1.7 per cent on November's average – the biggest month-on-month growth since March 2016, when [...]
Rolls-Royce launches partnership with engineering giants Amec Foster Wheeler, Nuvia and Arup to build fleet of mini nuclear reactors January 8, 2017 FTSE 100-listed engineering giant Rolls-Royce has teamed up with a raft of British engineering groups to design and build a fleet of mini nuclear reactors. Amec Foster Wheeler, Nuvia and Arup will work with Rolls-Royce, together with the Nuclear Advanced Manufacturing Research Centre, in the effort to make small modular reactors (SMRs). The engineering partnership [...]
Holiday Homes: We travel to one of Spain’s most exclusive sports and leisure resorts to see how it’s been transformed to appeal to modern investors January 6, 2017 When La Manga Club opened in 1972, it was at the forefront of sports and leisure destinations across Europe. It took only two years to build the ground-breaking project in Murcia, south-east Spain, but it quickly became a celebrity hangout for sports and showbiz stars alike. Guests included Kenny Dalglish, Gordon Strachan, Juliet Binoche, Salma [...]
Opinion: Agents are turning into party planners to entice buyers and investors to buy new homes in London January 6, 2017 Last year marked a shift in the central London market. The buyers are still out there – only now they have a broader choice of new homes to buy. This poses a challenge for developers: how do you target a particular group of buyers with precision and make them remember your homes above all the [...]
Three important investment lessons to take from 2016 January 5, 2017 Did anybody anywhere in the world put an accumulator bet on the UK voting to leave the European Union, Donald Trump winning the US presidential election and Leicester City winning the Premier League? The bookmakers believe not and you’d think they might have noticed – after all, these events were considered so unlikely that [...]
British American Tobacco drops its nicotine inhaler Voke to prioritise vapour and tobacco heating products January 5, 2017 British American Tobacco (BAT) today announced it would drop its medical nicotine inhaler Voke to focus more directly on products like e-cigarettes aimed at consumers. BAT said it will give up its manufacturing, intellectual property and know-how assets to Kind Consumer, from which it licensed the product, in return for deferred, contingent payments. No financial details were disclosed. Read [...]
Bag a bargain: Here’s how much high-end London house prices fell last year January 5, 2017 Got a couple of million going spare? You could bag a bargain in the capital, after new research suggested top-end house prices fell 6.9 per cent year-on-year in the final quarter of 2016. Research by Savills suggested house prices in so-called prime central London, high-end areas including Mayfair, Belgravia and Chelsea, fell 2.2 per cent during [...]
Three important investment lessons to take from 2016 January 5, 2017 Did anybody anywhere in the world put an accumulator bet on the UK voting to leave the European Union, Donald Trump winning the US presidential election and Leicester City winning the Premier League? The bookmakers believe not and you’d think they might have noticed – after all, these events were considered so unlikely that just [...]
City Moves for 5 January 2017 | Who’s switching jobs January 5, 2017 Colliers International Global real estate advisor, Colliers International, has recruitedKaty Rogers to its EMEA corporate solutions team. Katy, the newly appointed senior portfolio manager, will be responsible for managing client relationships, maintaining real estate strategies and coordinate day-to-day management of real estate transactions. Katy joins Colliers with five years of account and property management experience [...]
Man Group completes deal to buy Aalto Invest January 3, 2017 Investment management giant Man Group has completed its buyout of property investment firm Aalto Invest, a "key step" in plans to diversify its business. Man Group's share price was up 1.78 per cent after it made the announcement. The firm first unveiled plans to take on Aalto in October 2016, and said it will also launch a new business, [...]