After the Nvidelity comes the Huangover. Jensen Huang joins long list who confused boardroom and bedroom
Aviva’s property fund may be closed for up to eight months due to uncertainty surrounding the Brexit vote August 10, 2016 Aviva's property fund will be closed for six to eight months, meaning investors wanting to withdraw their cash won't be able to do so until next year. In a note issued to investors, Aviva said: "Property sales may be more difficult to execute in the current environment due to market uncertainty. Read more: Aberdeen Asset Management lifts [...]
First-time buyers secured more mortgages in June than at any other point since August 2007 August 10, 2016 First-time buyers boosted mortgage lending in June as tax changes designed to deter buy to let landlords took effect. June mortgage lending was up by 29 per cent month-on-month, according to lending data from the Council of Mortgage Lenders (CML). Mortgage lending was up by 12 per cent compared to the same month last year. First-time [...]
Vendors trying to shift property after the Brexit vote have cut prices by nearly 10 per cent in some parts of London August 10, 2016 Vendors trying to shift their property in the aftermath of the Brexit vote and stamp duty changes are cutting prices by nearly 10 per cent in some parts of London. Data from Zoopla shines a light on just how many houses have had their prices reduced, and by how much. Read more: Here's everything you need to [...]
Four reasons why you should think about switching your bank account August 10, 2016 Banks are going to offer customers more sophisticated digital products following an order from competition chiefs. Every high street bank alongside the only-online “challenger” banks will soon have to launch an app where customers can see all of their accounts in one place. It will also allow people to see better deals among competitor banks, so [...]
One of AstraZeneca’s big pipeline drugs just failed a late-stage trial August 9, 2016 Cambridge-based pharma firm AstraZeneca has suffered a set back after a new cancer drug failed at the trial stage. Experimental drug selumetinib failed to meet its goals – helping patients live longer or prevent the disease from worsening when combined with chemotherapy – in a late-stage trial for lung cancer. Shares in the company closed down by 0.3 per [...]
Central London shops crowned “safe haven” investments – but prime residential prices continue to fall August 9, 2016 Central London shops have been a "safe haven" for investment after the Brexit vote – but prices for high-end homes in central London have been falling. Investors bought up £1bn worth of prime retail property in central London during the first half of the year, according to CBRE – and total investment is set to [...]
11 business podcasts you need to listen to on your summer holiday August 9, 2016 Podcasts are becoming an increasingly popular medium – partly thanks to the success off the likes of Serial, but also because they're one of the easiest ways to take in information. Looking for something to listen to on the beach? Look no further… 1. TedTalks Business A classic but a goodie, Ted has built up [...]
Savills’ share price edges up on dividend hike and strong revenue growth August 9, 2016 Savills' share price benefited from a strong set of results and a divident hike this morning, as the estate agent asserted its "resilience" in the aftermath of the Brexit vote. The company's share price was up 1.02 per cent in morning trading. The figures Revenue at Savills was up 14 per cent, increasing from £547m in 2015 to £627.7m this year. [...]
Rents continued to climb in July – but the rate of growth is slowing August 9, 2016 Rents kept climbing in July – but the rate of growth is cooling in the second half of the year. According to data from Homelet, rents agreed on new tenancies in the UK over the past three months increased by 2.3 per cent as compared to the same period last year – excluding London. Read [...]
As May pushes cash payouts for households, would sharing the proceeds of shale turbocharge the dash for gas? August 8, 2016 Michael Hulme, head of commodities at Carmignac, says Yes. Sharing the proceeds of shale with individual households as well as local councils will help kick-start the process, yes. The driver of shale development in the US was the existence of mineral rights – simply put, the ownership of what lies under the ground by the owner [...]