After the Nvidelity comes the Huangover. Jensen Huang joins long list who confused boardroom and bedroom
Opinion: Sotheby’s International Realty UK’s Robin Paterson on the benefits of Brexit on the London housing market July 21, 2016 In just four weeks the UK is already recovering from the ‘post Brexit dip’. We have seen the pound to euro exchange rate bounce back and we have seen our political dismay begin to correct itself with the welcome and surprisingly swift appointment of our new Prime Minister. We cannot deny that, in the first [...]
Holiday Homes: The modern glass houses surrounding the golf resorts of Quinta do Lago in Portugal are worth millions July 21, 2016 Overlooking the Golfe green at the five star Portuguese resort of Quinta do Lago are four houses – all, at first glance, the epitome of the “escape to the sun” idyll. Three of them, recently built by the same developer, are large, ultra-modern glass homes that wouldn’t look out of place on BBC’s Grand Designs, [...]
The housing market was buoyed by mortgage momentum on the eve of the EU referendum July 21, 2016 Mortgage lending rocketed to an eight-year high before last month's EU referendum as the housing market showed few signs of pre-vote jitters Figures released by the Council of Mortgage Lenders (CML) showed £20.7bn was dished out to homebuyers and re-mortgagers in June – 16 per cent more than in May. The figure was an eight-year [...]
New homes on sale in London this weekend: from the biggest development in Chelsea for a century to the regeneration of Catford July 21, 2016 Chelsea Waterfront From £1.55m Overseas buyers are showing a strong interest in new homes at Chelsea Waterfront following the EU Referendum result, according to its developer Hutchinson Property Group. The first phase of the redevelopment of the former Lots Road Power Station has sold out, and 17 out of 28 units remain in the second [...]
Watches as investments: How the Rolex Oyster Perpetual Cosmograph Daytona might be the most collectible watch ever, if only you could get your hands on one July 21, 2016 Last year two anonymous phone bidders made history when their feverish nine minutes of bidding ended with a Patek Philippe 5016A selling for $7.3m – 10 times its estimate. The crowd at the La Reserve Hotel in Geneva burst into spontaneous applause, delighted to have witnessed the sale of the most expensive wrist-watch ever. Stories [...]
With Manchester United poised to smash the world record transfer fee on Paul Pogba, here’s how football reached the £100m mark July 21, 2016 “Everyone's got to be concerned about the way fees are growing to astronomical proportions. My own opinion is that it will continue for some time yet but that, like the stock market and property market, it will eventually regulate itself.” So said Liverpool chief executive Peter Robinson in 1995 after signing Stan Collymore for a then [...]
Daily Mail publisher reports signs of ad market recovery after Brexit vote July 21, 2016 The publisher of the Daily Mail has acknowledged that the Brexit vote has “created some uncertainty” in the UK advertising market – but has reported a pick-up in revenue since the referendum result emerged. Daily Mail and General Trust (DMGT) has reported a one per cent growth in advertising revenues across DMG Media – the [...]
Investors are getting cold feet about UK commercial property since Brexit July 21, 2016 The commercial property market is grappling with a drop in confidence and investor demand after the Brexit vote, according to survey by the Royal Institute of Chartered Surveyors (RICS). The RICS survey of chartered surveyors found 36 per cent of respondents feel commercial property is at the start of a downturn. Read more: Commercial property rents in London face [...]
New City watchdog chief thinks he’s got some work to do, and the Brexit vote hasn’t helped July 20, 2016 The new boss of the City watchdog has today revealed he thinks he has his work cut out for him. Speaking in front of the Treasury Select Committee, Andrew Bailey, chief executive of the Financial Conduct Authority (FCA), said "the place needs to be run effectively and tightly". "It's an organisation that has taken a battering," [...]
UK shares and property worst hit as investor confidence plummets after Brexit vote July 20, 2016 Investor confidence has suffered a “substantial drop” since the EU referendum, a new report has found. Lloyds Bank said its investor sentiment index, launched in March 2013, has fallen to its lowest ever level, turning negative for the first time. It found investor confidence is increasingly negative in relation to asset classes exposed to the UK. Read more: [...]