Gaming Realms make play for worldwide gambling machine market through agreement with Scientific Games Corporation April 28, 2016 Online gambling game creator Gaming Realms has signed a global five-year machine licensing agreement with US company Scientific Games. Scientific Games Corporation, a provider of gambling products and services to lottery and gaming organisations, will develop new slot games for traditional gaming machines, video lottery terminals and on-property handheld devices. Scientific Games will now have exclusive rights [...]
The number of rental homes in the UK has nosedived – and the situation will only get worse April 28, 2016 An unintended consequence of the chancellor's stamp duty hike or just more nerves about Brexit? Either way, a report by one of the UK's largest landlords' associations has warned the number of rental properties in the UK is dangerously now. The report, by the Association of Residential Letting Agents (Arla), found the supply of rental [...]
Housebuilding in London has plummeted in the run-up to the mayoral election: Here’s which boroughs are approving the fewest new homes April 28, 2016 It seems the capital's local authorities have got a case of the heebie-jeebies in the run-up to the mayoral election – after a new report showed approvals for new homes have plummeted. The report, by estate agent Stirling Ackroyd, found London boroughs gave the thumbs-up to a mere 4,320 homes in the first quarter of the [...]
In pictures: The world’s tallest tower has just been unveiled – and it’s going to be in Dubai again April 28, 2016 If you thought the Burj Khalifa was big, prepare yourselves for a new tower that will leave the Dubai landmark in its shadow. Developer Emaar Properties has just unveiled a rival to snatch the title as the world's tallest tower. No final decision has been taken on how tall the Tower will be, but it will be [...]
UK house prices slow after stamp duty surcharge causes spike in March – but experts think they could accelerate again April 28, 2016 House price growth has slowed back to more normal levels in April, after the surge of activity in March caused by the introduction of the new stamp duty surcharge. UK house prices increased by 0.2 per cent in April, with annual house price growth slowing to 4.9 per cent from 5.7 per cent the month before. [...]
How alternative finance is making supply chain finance sexy – a Q&A with C2FO’s Colin Sharp April 28, 2016 The world of alternative finance is increasingly varied. There are property equity crowdfunding platforms, remittance firms with Wikipedia payment models. Specialist lending products are growing in popularity and some firms are looking at blockchain technology. Platform C2FO is focused on helping to bring liquidity to business supply chains. It gives companies visibility of their entire [...]
This is where people working in finance are living in London (spoiler: it’s not Canary Wharf) April 27, 2016 Ever wondered where all the bankers in London live? Camden, it turns out. City slickers are shunning the new builds of Canary Wharf and are instead holing up in north London, according to new research. When it comes to finding a flat, Camden, Angel and Kings Cross are the most sought after locations for those [...]
Foxtons reaps the rewards as house buyers scramble to complete ahead of stamp duty deadline – but how long will the party last? April 27, 2016 Foxton's has posted impressive-looking results for the quarter to the end of March. But shares slid as investors showed their nerves over new buy to let rules. The figures Total group revenues rose to £38.4m during the period, up 16.2 per cent from the same quarter last year. That was pushed up by a 28.5 per cent increase in property [...]
US Presidential Election 2016: Clinton vs Trump – whose economic policy is better for markets? April 27, 2016 It is a momentous time in terms of geopolitics. A plethora of major events with potentially significant investment consequences will take place this year. They range from the Brexit hurricane in the UK, to tectonic shifts in the oil economy abroad. Even ostensibly local conflagrations, such as political deadlock in Brazil, may impact wider markets. But [...]
Why Brexit could spell trouble for Berkeley Group if foreign investors abandon London April 27, 2016 Berkeley Homes produces some of the most desirable goods in the UK. Building high-end houses and apartments chiefly in London, this well-managed company has delivered impressive profit margins and sustained growth. To explain this success, many would point to London’s chronic housing shortage. Annual demand is typically estimated at 50,000 homes by industry commentators. In [...]