After the Nvidelity comes the Huangover. Jensen Huang joins long list who confused boardroom and bedroom
Mapped: First-time buyer house prices in every London borough July 29, 2016 Thinking of buying your first home? Thinking of helping your children buy their first home? Here's what you're up against in London. Estate agent eMoov.co.uk has released the average house price for first-time buyers in every London borough – and it's not very encouraging. Read more: Everything you need to know about the UK's housing market after [...]
Foxtons cancels its special divi as profits plummet on Brexit worries July 29, 2016 Foxtons was bearing the brunt of its decision to focus on the London market today, after profits fell 42 per cent. The figures In a statement this morning, the estate agent said pre-tax profits had fallen 42 per cent to £10.5m in the six months to the end of June. Revenues fell 3.1 per cent to £68.8m, net free cash flow almost [...]
Discount supermarkets set to benefit as consumer confidence falls through the floor after the Brexit vote July 29, 2016 Discount supermarkets are set to win big on Brexit as consumer confidence falls through the floor. UK consumer confidence dropped by 11 points in July – the biggest monthly fall for over 26 years, according to GfK. GfK’s consumer confidence index is now at -12, and dicount supermarkets could be the ones to benefit. A [...]
How Britain can boldly seize the new opportunities created by Brexit in trade and beyond July 28, 2016 After the historic Brexit vote, the UK faces an inflection point, as does the world itself. What Britain does in the next few months and years will have a big impact on the global economy. We may choose to be timid about our future and limit ourselves to a muted conversation with the EU about [...]
This Soho property boss is “on a mission” to make China town less Chinese July 28, 2016 China town is getting a revamp – and it's going to become less Chinese. Speaking to City A.M., the chief executive of Shaftesbury – which owns 3.2 acres of land in Chinatown – said there are too many Cantonese restaurants in China town, and he hopes to attract more varied set of restaurateurs to the heart of London. Read [...]
A sign of things to come? Countrywide shares leap despite pre-Brexit housing market slowdown July 28, 2016 The UK's largest estate agent said it had been hit by a slowdown in housing transactions in the run-up to the EU referendum. Is this a sign of things to come? The figures Countrywide said adjusted pre-tax profits fell 25 per cent to £21.8m in the six months to the end of June, although total income rose nine per cent to [...]
What Brexit? House prices inched up in July July 28, 2016 Brexit, what Brexit? The property market defied the uncertainty of the EU referendum result – for now – new data reveals. The full impact on the housing market has yet to be felt as prices edged up ever so slightly in July, according to Nationwide. Read more: Property shares are sliding after downbeat house price forecasts Property [...]
Lloyds Banking Group to cull a further 3,000 jobs as lower for longer interest rates take their toll July 28, 2016 Lloyds Banking Group today revealed that it was slashing thousands of jobs and shutting down many branches, as ultra-low interest rates continue to play havoc on the sector's prospects. The bank announced an additional 3,000 role reductions and another 200 branch closures. These cuts will take place by the end of 2017 and are on top of [...]
Till death us do part… or we buy property: One in five millennials would settle for a partner if it got them on the housing ladder July 27, 2016 If romance wasn’t already dead, it might well be now. In some of the most telling news yet about the state of the UK’s property market, one in five millennials have said they would forgo finding “the one” if they could settle for another partner in a less-than-ideal relationship… if that person could help them [...]
Commercial rent edged up in the second quarter, with London outperforming the rest of the nation July 27, 2016 Central London shops have been helping to boost rental growth in the second quarter of 2016, according to CBRE. Rents in UK prime commercial property were up one per cent in the second quarter of 2016; high street shop rents were up 2.8 per cent. Industrial rents grew by 1.4 per cent. Read more: Demand for commercial [...]