After the Nvidelity comes the Huangover. Jensen Huang joins long list who confused boardroom and bedroom
London’s tallest office buildings still command sky-high rents post-Brexit vote September 15, 2016 Fears have been mounting about the future of commercial property after the nation voted to leave the EU, but London's skyscrapers remain some of the most expensive office space in the world. London skyscrapers still command the fourth highest rental value in the world, beaten only by Hong Kong, New York and Tokyo, according to [...]
It’s time for long-term fintech to break into pensions and mortgages September 14, 2016 Certain areas of fintech have experienced an entrepreneurial frenzy over recent years. Sectors once dominated by traditional providers have become hotbeds of startup activity, with most of the action occurring in payments, foreign exchange, short-term lending and, more recently, current accounts. As is often the case, where entrepreneurs have led, money has followed. This has [...]
Shooting the messenger: Rent controls have always and everywhere ended in failure September 14, 2016 Rent controls are back on the political agenda. Their reintroduction is now official Labour Party policy, and the Conservatives will probably follow with a somewhat milder version in due course. It is easy to see why: according to a recent Survation poll, two thirds of the public support rent controls, with most of the remaining [...]
The Green Belt is standing between young people and the homes they need September 14, 2016 Imagine a race in which the finishing line moved further away, faster than you could run. Rigged against you, no matter how hard you tried, the finish line would always move faster. That’s the housing market in London and the South East for most young people, where the dream of homeownership remains just that, a [...]
Sadiq Khan has vowed to push ahead with a housing plan his critics call “unrealistic” and “needlessly complex” September 14, 2016 Sadiq Khan has defended plans to sell off Transport for London land at reduced rates, claiming the approach “does right by London”, despite claims the plans are “unrealistic” and “needlessly complex”. Khan is set to press ahead with the sale of one patch of land at Kidbrooke in Greenwich, despite warnings his affordable housing requirements [...]
China expected to be the golden ticket for Accesso as revenue leaps September 14, 2016 International growth in resorts and attractions is set to work well for ticketing technology company Accesso in coming years. China's booming middle class could propel the country to the fore of global theme park, resort, and attraction ticket sales and Accesso is expecting to be able to take a slice of the action. Bottom line growth in recent months means the Berkshire-based company is now eyeing up expansion [...]
Home purchase lending fell by 13 per cent in the month following the Brexit vote September 14, 2016 The first figures on mortgage lending to cover the full month since the Brexit vote show that lending to home owners fell 13 per cent month-on-month in July, and 12 per cent year-on-year. According to the Council of Mortgage Lenders (CML), the amount of borrowing from first-time buyers has also declined month-on-month and the buy to let market has [...]
Galliford Try’s share price jumps as it raises dividend September 14, 2016 Housebuilder Galliford Try's share price jumped six per cent this morning after the company said it would be raising its dividend. In its annual statement for the year ending 30 June, Galliford Try said it would be raising its dividend by 21 per cent to 82p per share. The housebuilder posted record profits of £1.35bn [...]
Martin & Co’s share price jumps as company hails recovery in the lettings market September 14, 2016 Property group Martin & Co's share price jumped more than seven per cent in early morning trading as the company hailed the recovery of the lettings market after the Brexit vote and raised its interim dividend 11 per cent to 2p per share. The group said this morning that business for estate agents had been dampened by [...]
Are fears about the UK commercial property market overblown? September 14, 2016 As Columbia Threadneedle Investments prepares to join Aberdeen Asset Management and Canada Life in re-opening its £1.4bn property fund, doubts persist over the future of the UK’s commercial property market. The Brexit vote brought three years of double-digit returns from UK property investments to a juddering halt. By early July, panicked investors clamouring to withdraw their [...]