After the Nvidelity comes the Huangover. Jensen Huang joins long list who confused boardroom and bedroom
Brexit doom-mongers are wrong: London house prices aren’t going to crash August 2, 2016 On the morning of 24 June, as Britain woke up to the reality that as a nation we’d voted to leave the EU, it may have seemed like the world was turning on its head. The pound was crashing, stock markets see-sawed, and the political landscape of the UK was irrevocably changed. Just over a month [...]
Brexodus: Retail investors took £3.5bn out of funds in referendum month, “eclipsing” financial crisis outflows August 2, 2016 Retail investors fled investment funds at a “quite extraordinary” rate in the EU referendum month, new figures show. The Investment Association’s figures for June, published today, show £3.5bn was taken out of funds, including £2.8bn from equity funds and £1.4bn from property funds. In the weeks after the referendum, trading on several property funds was suspended [...]
Bad news for estate agents: LSL property services says housing transactions likely to “remain suppressed” in coming months August 2, 2016 Residential property services group LSL Property Services said this morning that it expects housing sales volumes to "remain suppressed" in the coming months. The outlook from the company – which reported it interim results this morning – comes as new research was released showing that home ownership has fallen to a 30-year low. Read more: Everything [...]
Construction output tumbles at fastest pace since 2009 but sterling gains ground August 2, 2016 Activity in the construction sector is shrinking at its fastest pace in seven years, but has still managed to beat some exceptionally gloomy forecasts, helping the pound climb against the dollar. The Markit/Chartered Institute of Procurement and Supply (CIPS) survey came in at 45.9 on an index where scores below 50 signify contraction. This was only slightly down [...]
City Moves for 2 August 2016 | Who’s switching jobs August 2, 2016 Legal & General Capital Legal & General Capital has appointed Lauren Aitchison as head of strategic land. Reporting to James Lidgate, director of housing, Lauren will lead the management and utilisation of LGC’s extensive land portfolio with potential for residential and commercial uses. Lauren will also be looking to identify new land investment opportunities, to [...]
Opinion: Why more transparency is needed on letting fees to make sure both landlords and tenants are getting a good deal August 1, 2016 There has been much debate in the press and both Houses of Parliament regarding the subject of letting agents’ fees and whether these are fair or reasonable. Unfortunately as far as I am concerned, they are neither. The all-too-common practice of asking tenants to pay exorbitant administration charges, and a host of other overheads, to [...]
City Moves for 1 August 2016 | Who’s switching jobs August 1, 2016 Independent Oil and Gas Independent Oil and Gas has appointed David Peattie as chairman. David has 35 years’ industry experience and was most recently the CEO of Fairfield Energy, an oil & gas company owned by a syndicate of North American and European private equity investors, led by Riverstone and Warburg Pincus. David began his [...]
David McCourt explains why micro-working is vital, and why he’s so disappointed by Trump and Clinton August 1, 2016 Do you mind always having to up sticks?” I ask David McCourt, founder, chairman and chief executive of telecoms and media investment firm Granahan McCourt, in regard to his likely move to London later this year. “No,” he replies. “I was only in the house my kids grew up in for 14 days last year; I’m [...]
Investors backing small businesses after Brexit vote July 29, 2016 Investor confidence in small companies is apparently intact after last month’s Brexit vote. A survey of 1,000 UK investors has found 52 per cent would support small and medium-sized enterprises (SMEs) through private investment channels after the EU referendum. Read more: More than half of UK SMEs say banks are not "business friendly" The report, [...]
Mortgage approvals in the UK fell to a year low in June July 29, 2016 Mortgage approvals in the UK fell to their lowest point since May 2015 in the period leading up to the country's referendum on EU membership. According to the Bank of England, 64,766 mortgages were approved in June – down from the 66,722 approved in May. Read more: Everything you need to know about the UK's housing [...]