After the Nvidelity comes the Huangover. Jensen Huang joins long list who confused boardroom and bedroom
Holiday Homes: Keith Perry searches for affordable second homes on the Cap d’Antibes October 14, 2016 As the superyachts glide across the gulf of Juan-les-Pins and vintage Porsches roll out of the multimillion pound villas on the Cap d’Antibes, it’s not hard to see how F Scott Fitzgerald found the inspiration for The Great Gatsby while looking out to sea from one of these beautiful villas. Avenues of pine trees lead [...]
Rightmove accused of shutting down competition by removing free online estate agent from its site October 14, 2016 Rightmove has been accused of trying to shut down its competition by removing a free online estate agent from its property listings. Owner Sellers, an estate agent which charges no commission, has been de-listed from Rightmove for allegedly breaching its terms and conditions, but has said the allegations are false. Read more: This is how sterling's [...]
Man Group grows funds under management and buys Aalto to launch new Global Private Markets business October 14, 2016 Man Group has had a busy morning – the investment firm reported increased funds under management and announced that it has bought property manager Aalto and launched a new business, Man Global Private Markets (GPM). Shares in the company are up 14 per cent this morning. Man Group said Aalto will form the real assets platform of [...]
Britain’s housing market just hit a point where prices will rocket again October 13, 2016 Britain's house prices are set to soar as there are more people rushing into the housing market, but not enough people are selling their homes. According to new data from the Royal Institution of Chartered Surveyors (RICS), there has been a "significant turnaround in new buyer enquiries compared to June"when the EU referendum took place, but [...]
British Property Federation calls on chancellor Philip Hammond to bolster the build to rent sector October 13, 2016 The property industry is calling on chancellor Philip Hammond to focus on the build to rent sector and cut new stamp duty taxes. According to the British Property Federation (BPF), the number of properties in the build to rent sector has jumped 200 per cent over the past year, delivering 67,000 homes. Read more: This [...]
Secure Trust Bank share price finishes slightly up during first day on main market October 12, 2016 Shares in Secure Trust Bank finished slightly up today, marking a positive end to its first day of trading on London's main market. The challenger bank, which listed on the London Stock Exchange's AIM market in November 2011, announced plans to shift from the junior market last month. The company has not raised any funds or issued [...]
Housing market activity picked up in August following July’s dip October 12, 2016 Lending for house purchases increased 11 per cent in August as confidence started to return to the UK housing market. Homeowners borrowed £12.2bn in August, according to the Council of Mortgage Lenders (CML), up 14 per cent month-on-month and up 11 per cent year-on-year. Read more: This is how sterling's unstoppable slide will affect UK [...]
This is how far London house prices fell in the third quarter October 12, 2016 London's house prices have underperformed in the third quarter as the capital recovered from the shock of the Brexit vote and the uncertainty afterwards. House prices fell 2.5 per cent in the third quarter, following on from a 0.5 per cent fall in the second quarter, according to data from Halifax and IHS Markit. London's decline compared [...]
This is how sterling’s unstoppable slide will affect UK house prices October 12, 2016 After a freak six per cent fall when markets opened in Asia last week, sterling is in free fall. The fall obviously has implications for people going abroad – but what about people here at home? We asked the experts what the flash crash will do to UK house prices. Read more: This is how the [...]
Hipster hammering: City Fringe offices landed with huge business rate increases October 11, 2016 London's hipster office hubs will be under intense pressure when the new business rates come in next year, as new figures highlight the extent of the tax increases that are set to burden the City Fringe. The government has published its first business rate re-evaluation for seven years. The new tax for each property is based [...]