After the Nvidelity comes the Huangover. Jensen Huang joins long list who confused boardroom and bedroom
Small housebuilders are the answer to the housing crisis. Here’s how we can help them August 18, 2016 The housing crisis is one of the most important policy challenges we currently face. As the gap between supply and demand grows, the lives of hard-working families become harder. While there are obvious societal issues, the economy also suffers. In 2014, Bank of England governor Mark Carney admitted that the UK’s booming housing market had become [...]
Steady year for Laura Ashley as online sales flourish August 17, 2016 Retailer Laura Ashley released steady results after a challenging year that has seen its stock lose a third of its value. The figures The current period was 74 weeks to 30 June 2016 compared to a 52 week prior period to 31 January 2015. Revenue stood at £172m, meaning that the run-rate was broadly in line with the £129m in the [...]
Top investor in Panmure Gordon “fully committed” to UK stockbroker August 17, 2016 QInvest, Panmure Gordon’s biggest shareholder, has committed itself to the UK-based stockbroker after reports of interest from other investors. The Qatari investment bank yesterday revealed that, following the Brexit vote and other events around the world, it was “carefully reviewing and stress-testing” its portfolio. And City A.M. understands QInvest has received a number of informal approaches [...]
Investor confidence in UK bounces back to 2016 high after Brexit vote fall August 17, 2016 UK investor confidence is at its highest point this year, bouncing back from a post-referendum fall, new figures show. The Lloyds Bank Investor Sentiment Index, released today, showed all asset classes bar two – gold and cash – have experienced a rise in confidence since last month. Overall, positive sentiment is up 8.13 percentage points overall [...]
Norway’s sovereign wealth fund worried about Brexit uncertainty August 17, 2016 Norway's sovereign wealth fund rode out market turbulence in the second quarter to boost its holdings by an extra £8bn. The world's largest fund of its kind clocked a return of 1.3 per cent – just shy of the market average – as it highlighted "sharp" volatility as a result of the UK's Brexit referendum. With [...]
Houses in the West End are still selling like hotcakes, says CBRE August 17, 2016 Home sales have remained "strong" for CBRE after Brexit, with the company reporting it has exchanged on nearly £60m worth of residential property in the second quarter of this year. The transaction value achieved by CBRE was its second highest for the last four years. Read more: Here's everything that's happened to house prices since the Brexit vote Three [...]
A new trade commission has warned the UK to treat China with “kid gloves”, and focus on attempts to secure deals with countries with “similar values” August 17, 2016 A group of global trade experts are calling on the UK to focus on negotiations with culturally similar nations, warning the UK to treat China “with kid gloves”. The new, independent special trade commission will operate through think tank Legatum, and features former advisers to both President Obama and former President George W Bush. The [...]
First-time buyers are worried the interest rate cut kills their chances of saving for a deposit August 16, 2016 One fifth of 18 to 34 year old prospective buyers say they will find it difficult to save for a deposit due to the recent cut in interest rates. Research from MoneySuperMarket found 21 per cent of this age group think the interest rate cut will mean they will have to wait for longer to [...]
This map shows how house prices have changed since the Brexit vote in each inner London postcode August 16, 2016 There has been much fevered debate over whether the Brexit vote has affected house prices or not. While some figures have suggested prices are up, others have shown they're down: so far, so confusing. So Jefferies analyst Anthony Codling has used data from the UK's largest property portals to figure out what's actually happened to house prices in [...]
Yep, house price growth rose in June – but that was before the Brexit vote August 16, 2016 House price growth ticked up to 8.7 per cent in the year to June, official figures have shown. The figure was its highest since October 2014 – although it only included one week of The Brexit Effect. The figures, published by the Office for National Statistics (ONS), was up from 8.5 per cent in May, [...]