After the Nvidelity comes the Huangover. Jensen Huang joins long list who confused boardroom and bedroom
EU referendum: Confidence among private investors holds up ahead of vote June 21, 2016 Confidence among private investors edged up this month, despite widespread talk of unprecedented market volatility in the run-up to the EU referendum. A poll of more than 1,000 UK investors for the Lloyds Bank investor sentiment index showed the outlook towards most types of assets had improved slightly over the last few weeks, but is still considerably [...]
Property transactions edged up in May, but the market stayed sleepy ahead of the EU referendum June 21, 2016 The property market was subdued in May as the EU referendum kept buyers at bay and buy to let landlords took a break from snapping-up second homes. Property transactions increased by 1.5 per cent between April and May, as sales rebounded somewhat from the dramatic slump after the stamp duty hike hit at the beginning of April, but [...]
What will happen to UK equities if we leave the European Union? June 21, 2016 The pound and the FTSE soared yesterday, as the Remain camp wrestled back its lead in the polls. But the outcome of Thursday’s EU referendum is far from clear, with pundits saying that voter turnout will be pivotal in determining whether the UK stays or leaves. If Article 50 is triggered and sterling dives, what should [...]
City Moves for 21 June 2016 | Who’s switching jobs June 21, 2016 Bond Dickinson National law firm Bond Dickinson has appointed Jo Coleman as a partner to its charities team. A charities specialist, with a national profile and more than 17 years’ experience, Jo will be based in the firm’s London office. Recruited from IBB Solicitors, where she headed the charities practice, Jo was previously a partner [...]
Over half of remortgagors lowered mortgage rates in May as EU referendum looms June 20, 2016 More than half of people remortaging in May chose to lower their mortgage rate, as remortgagors braced themselves for a possible Brexit. A third of borrowers reduced their monthly spend by up to £500, and over a quarter (26 per cent) increased the size of their loan, according to research from Legal Marketing Services (LMS). Read [...]
Sellers are shifting their housing stock in record time despite Brexit worries June 20, 2016 The time it takes to sell a house has hit a record low, as Britain's housing market continues to prove its resilience despite the backdrop of the EU referendum. The uncertainty of the outcome of the vote doesn't seem to have deterred buyers; property website Rightmove said today sellers only have to wait an average of [...]
UK banks halve property lending in just two years as developers look to peer to peer lenders June 20, 2016 UK banks have halved their lending to property developers over the past two years, in an effort to de-risk their balance sheets. According to new data from peer-to-peer property funding platform Saving Stream, bank loans to property developers fell from £32.5bn in April 2014 to £14.9bn in April 2016. Meanwhile, alternative financing options have entered the mainstream, [...]
London house prices dropped by almost £1,000 this month, according to figures from Rightmove, but prices rose nationwide June 20, 2016 London house prices have dropped by almost £1,000 this month, according to the latest figures from Rightmove. The firm's regular House Price Index showed a drop of £971 in the average price of a London home, equivalent to 0.2 per cent. By contrast, the national average showed a rise of 0.8 per cent, or £2,320. [...]
The new housing crisis is upon us – and it’s those who already own property that should be worried June 18, 2016 We hear an awful lot about the "housing crisis" in the UK and – particularly – in the capital. At one end of the ladder, rents are rising faster than wages and house prices are going up quicker than people can save for a deposit. At the other, new taxes and regulations on second homes [...]
HSBC shares rise as it agrees $1.6bn settlement with Household International shareholders June 17, 2016 HSBC has reached a settlement with shareholders after a dispute over its acquisition of Household International, back in 2003. The company said it will pay just under $1.6bn (£1.1bn) to shareholders after a class action lawsuit filed in 2002. HSBC bought the company for $14.2bn back in 2003, in an effort to increase its share of [...]