After the Nvidelity comes the Huangover. Jensen Huang joins long list who confused boardroom and bedroom
One Savings bank shares are up nine per cent after releasing “another strong set of results” August 24, 2016 Shares in specialist lender One Savings bank jumped over nine per cent this morning after it released half year resilient results that it said were meeting all its targets. The figures Although statutory profit before tax leapt from £46.6m to £100.0m, underlying profits were less dramatic, increasing from £47.6m to £64.6m. New lending increased by 25 per [...]
Housebuilder shares rise as Brexit fears look like a thing of the past August 24, 2016 Rumours of housebuilders' demise are greatly exaggerated. Builders were among the big winners on the FTSE 100 for the second day in a row this morning, after strong results from Persimmon yesterday suggested they are weathering the Brexit storm. Persimmon was up 2.5 per cent at 1,918p in mid-morning trading, while Barratt was up 2.7 per cent at 499.3p. [...]
Khan vows to press ahead with TfL sales despite value for money warnings August 23, 2016 London mayor Sadiq Khan has vowed to press ahead with the sale of Transport for London land, despite warnings his affordable housing plans will mean the sale comes in below market value. Khan was warned earlier this week to warn that TfL is required to seek the best possible price when selling off assets like [...]
Property transactions edged down in July, defying expectations of a Brexit vote-related crash August 23, 2016 The number of property transactions edged downwards in July, putting to bed concerns that the Brexit vote would result in a dramatic fall in sales. According to figures from HM Revenue and Customs (HMRC), the number of residential property transactions fell by 0.9 per cent between June and July. Read more: This is where all the [...]
Edinburgh should stay the top UK location for commercial property investment outside London post-Brexit August 23, 2016 It’s fair to say we live in interesting times post-Brexit. The only tangible outcome of the United Kingdom’s EU referendum on 23 June has been uncertainty so far. But while many across corporate Britain wait for greater clarity, property deals continue to be made – with investors showing a clear preference for traditionally strong, robust [...]
City Moves for 23 August 2016 | Who’s switching jobs August 23, 2016 Alpha FMC Alpha, the asset management consultancy, has appointed Adrian Keen as chief financial officer. Adrian will work with the senior team to oversee all financial operations of the group. Adrian brings broad experience with him to Alpha. A chartered accountant, Adrian worked in the audit function at KPMG before pursuing roles in industry, in sectors as diverse as software, [...]
Sadiq Khan’s plans to build affordable homes on TfL land have been thrown into doubt by questions over the sales process August 22, 2016 Sadiq Khan's hopes of forcing developers to build up affordable homes on former Transport for London property have been put in doubt by requirements on getting value for money on land deals. Khan was elected on a pledge of making sure that half of new homes would be affordable, and the sale of TfL land [...]
Rents on high-end homes have gone down in the aftermath of the Brexit vote and the stamp duty tax hike August 22, 2016 Lettings in the high-end of London's property market have been "subdued" in the second quarter of the year due to both a fall in demand and an increase in supply. JLL said "immaculate properties presented in first class condition" are not losing value, but on average rental values fell by 1.9 per cent during the second quarter. In the 12 months to [...]
House prices likely to be flat this year, but could fall by five per cent, according to UBS August 22, 2016 House prices are expected to stay flat until the end of 2016, and in the worst case scenario could fall by five per cent, analysts have predicted. The forecast comes from UBS Wealth Management, who have re-set their expectations for house prices due to the EU referendum. Read more: House prices are being cut by nearly [...]
Prices on high-end central London properties are expected to fall by six per cent this year August 22, 2016 The price of high-end homes in the centre of London is expected to fall by six per cent this year. According to estate agency Countrywide, prime central London property will be "the hardest hit" in the months after the EU referendum. In the market as a whole, house prices will fall by one per cent next [...]