After the Nvidelity comes the Huangover. Jensen Huang joins long list who confused boardroom and bedroom
California choo-choo-chooses Balfour Beatty to electrify a major rail link August 16, 2016 Balfour Beatty has been awarded a $697m (£540m) contract to electrify the 52-mile Caltrain rail link between San Francisco and San Jose – the largest US contract it's ever won. Shares in Balfour were up 0.5 per cent, at 242.3p, after the construction giant said it will begin work on the line, which operates across 17 cities [...]
Four of the best: Investment opportunities from around the globe August 16, 2016 Markets have been turbulent this year and much talk has focused on potential risks. A smattering of uncertainties to consider include the ramifications of the Brexit vote and whether the UK will enter recession. Nor does anyone know how extraordinary monetary policy in Europe will pan out, or the ultimate impact there’ll be from the trillions [...]
House listings mount after the Brexit vote August 15, 2016 The number of homes on the market has increased since the EU referendum, but prices have fallen, according to analysis by Jefferies bank. In London, there has been an increase in home listings in 76 per cent of postcodes. However, asking prices have fallen in 70 per cent of postcodes since the Brexit vote. In [...]
A tale of two cities: Sales of London new-build homes have plunged as sky-high prices put off buyers August 15, 2016 New research suggested sales of new-build homes in London have almost halved – despite the fact the city is in the grip of a housing crisis. Research by London Central Portfolio (LCP) using figures from the Land Registry has shown only 1,491 new-builds in inner London have been sold so far in 2016 – 43 per cent [...]
London’s rental market stalled after glut of new properties August 15, 2016 An over-supply of property was the reason average London rental values dropped for the first time in nearly six years. Prices were 0.5 per cent lower – saving renters an average of £7 per month – compared to July 2015 according to estate agent Countrywide. The last time there was a year-on-year fall was in November 2010 when the average [...]
London sees Britain’s largest house price drop over last four weeks August 15, 2016 London house prices were the worst performing in Britain as they fell by the largest amount over the last four weeks. The average asking price for the capital's houses dropped by 2.6 per cent compared to a national decrease of 1.2 per cent, the Rightmove house price index revealed. Westminster was the worst performing in London with prices flopping 14.5 per cent from [...]
More than 10 per cent of high street stores across the UK now lie vacant August 15, 2016 More than 10 per cent of high street stores across the UK now lie vacant as property costs continue to rise and retailers respond to consumer demand for online alternatives. National town centre vacancy rates rose to 10.1 percent in the third quarter of this year to July, according to new research from the British [...]
How Edinburgh is driving the fintech revolution August 14, 2016 According to recent figures published by Innovate Finance, global investment in fintech has rocketed from $930m in 2008 to $12.5bn in 2015, with recognised tech clusters such as Edinburgh supporting London’s global dominance. Fintech is, to coin a phrase, white hot right now. It’s not only empowering new start-ups with the ability to launch disruptive [...]
China’s slowdown intensifies with weak summer spending August 12, 2016 China's economic rebalancing hit another speed bump this morning as fresh data came in below expectations. Growth in both the mighty industrial sector and consumer industries slipped back in July, highlighting the extent of China's struggle to maintain its breakneck expansion while also implementing structural reforms. This morning the National Bureau of Statistics said investment in fixed [...]
After a gloomy RICS survey, should we be prepared for big falls in UK house prices? August 12, 2016 Andrew Craig, an independent financial adviser and founder of Plain English Finance, says Yes. We have already seen significant falls in house prices in the UK if, as should be the case, you measure such things in currency units other than pounds sterling. If you bought a property worth £1m around 10 years ago, that property [...]