New Builds: 600 new homes are set to be built on a site the size of three football pitches in south London December 2, 2016 The Quarry, Bexley A quarrying site that hasn’t been used in 40 years is set to be home to 600 new properties. The first new homes – 80 per cent of which will be modern family houses hoping to attract upsizers – will go on sale in the new year. There will also be a [...]
How to prepare your portfolio for inflation December 2, 2016 Concerns about inflation were already on the rise. Donald Trump’s victory in the US election has further stoked expectations that price pressure, absent in most Western economies since the financial crisis, may make a return in 2017 and beyond. The basics Inflation is a measure of how fast the prices of goods and services [...]
Berkeley Group’s shares leap after announcing in-line performance and solid cash foundations December 2, 2016 Shares in property firm Berkeley Group jumped over four per cent in trading this morning after revealing an "outstanding" balance sheet. The figures Half year revenue to the end of October leapt from £1.1bn to £1.4bn, with gross profit jumping from £391m to £504m. Profit before tax was £393m, up from £293m last year. The coffers at [...]
How to prepare your portfolio for inflation December 2, 2016 Concerns about inflation were already on the rise. Donald Trump’s victory in the US election has further stoked expectations that price pressure, absent in most Western economies since the financial crisis, may make a return in 2017 and beyond. The basics Inflation is a measure of how fast the prices of goods and services are [...]
Generation Rent: London is home to nearly a fifth of the UK’s rental accommodation December 2, 2016 London is now home to almost a fifth of the rental properties in the UK, but it accounts for nearly half of the total value of these households. There are 1,048,000 houses in the private rented sector in London, almost a fifth of the 5.3m in Britain as a whole. But the value of this [...]
Small companies Aim high: Junior market set for buoyant December, with five new floats in the pipeline December 1, 2016 The London Stock Exchange’s junior market is set for a buoyant month after a slow year for floats across the board. While initial public offerings (IPOs) on the main market appear to have almost ground to a halt, at least five new listings are due on the Alternative Investment Market (Aim) in the coming weeks as [...]
CBRE completes property fund merger creating new £1.47bn fund December 1, 2016 The CBRE UK Property Fund (UKPF) is merging with the Electricity Supply Pension Scheme (ESPS) UK property portfolio to create a new £1.47bn fund. The new fund, which has been authorised by the Financial Conduct Authority, will be operated as a Property Authorised Investment Fund (PAIF). Read more: The City of London is getting taller [...]
Daily Mail publisher’s shares shoot up despite print advertising woes December 1, 2016 Shares in the owner of the Daily Mail jumped five per cent this morning despite the company reporting falling profits amid print advertising troubles. The figures Daily Mail and General Trust (DMGT) reported adjusted revenue up four per cent to £1.9bn in preliminary results for the year to 30 September. But operating profit fell four per [...]
The super prime rental market in the Home Counties is booming on the back of stamp duty changes November 30, 2016 London's luxury property market has been suffering after the government increased stamp duty on high-end homes – but the rental market is booming in the Home Counties on the back of the decision. According to research by Knight Frank, the number of tenant viewings for super prime properties – homes worth over £15,000 per month – has doubled year-on-year [...]
FTSE reshuffles confirmed: Convatec and Smurfit Kappa replace Travis Perkins and Polymetal International in blue-chip index November 30, 2016 Medical products company Convatec has successfully made its way into the FTSE 100 after floating on the London Stock Exchange’s main market at the end of October. Convatec will be joined by Irish packaging firm Smurfit Kappa on the blue-chip index tomorrow morning. Making way are building materials company Travis Perkins, which was forced to [...]