From robots in Japan to crashing sentiment in Latin America, what are the risks and opportunities for investors this year? March 23, 2016 Every year, we ask our credit and equity analysts at Fidelity International about the health, growth prospects, and challenges facing the companies they research worldwide. The results of our 2016 Analyst Survey are in, showing a maturing cycle in which growth is becoming scarcer. For investors, this means understanding who will be the winners and [...]
Supermarkets reap over £1bn of property investment in 2015 as new buyers pile in March 22, 2016 Britain's supermarket sector attracted over £1bn of property investment last year as investors shrugged off the price wars and and went in search of stable returns. Research released today by Colliers International and data analytics provider MSCI revealed that deal volumes reached £1.4bn in 2015, up slightly on the previous year but down on the record [...]
City Moves for 21 March 2016 | Who’s switching jobs March 21, 2016 Redington Independent investment consultancy Redington has appointed Mitesh Sheth (pictured) as chief executive, effective from 5 April. Mitesh, who is currently Redington’s director of strategy, joined the firm in 2013. Before that he was head of fixed income at Henderson Global Investors and has also held roles at both Watson Wyatt (now Willis Towers Watson) [...]
Bank lending to property developers halves in just two years to £16bn March 21, 2016 Bank lending to property developers has halved over the last two years, making it more difficult for companies to kick-start schemes that could help ease the housing crisis, a new report out today claims. Bank finance has dropped from £34bn in January 2014 to just £16bn the same month this year – with bridging finance [...]
Rightmove: Cheapest boroughs fuel 11 per cent rise in London house prices as one agent warns it now takes 46 years to save for a deposit March 21, 2016 London house prices have climbed 11 per cent over the last 12 months, with the cheapest boroughs rising at the most rapid rate. The fastest growth was in Barking and Dagenham, according to the data published today by property website Rightmove. Asking prices in the borough, the capital’s cheapest, are 23.5 per cent higher this [...]
Airbnb gets Barack Obama and White House OK for Cuba business opening it up for all global travellers March 20, 2016 Airbnb has been given approval from Barack Obama to fully open up listing to anyone from around the world to stay in one of its holiday rentals in Cuba. The move was announced on the day Barack Obama makes a historic visit to Cuba to meet with Raul Castro, and almost a year after the rental [...]
London Fields craft brewery is up for sale for £1m after founder Jules Whiteway-Wilkinson charged with fraud March 20, 2016 Craft brewers are hot property right now. First Meantime in Greenwich was snapped up by SABMiller and then Asahi, while AB Inbev tapped Camden Town Brewery last year and there has been huge demand from investors wanting to dip their toe in via crowdfunding. Now on the market is Hackney’s London Fields craft brewery, creator of the Hackney [...]
Knight Frank and Markit: London house prices experienced the biggest increase this month March 18, 2016 London house price growth is expected to beat all other regions this month despite a slowdown in the top of the market, new research has shown. Londoners perceived the biggest increase, followed by those in the South East, East of England, Scotland and then the North West. It's slightly surprising given price growth among prime central London properties [...]
Berkeley Group share price falls as it reports prime slowdown and questions government response to housing crisis March 18, 2016 Berkeley Group has questioned the government's response to the housing crisis, saying that it will struggle to ease the growing gap between supply and demand. "We welcome government's intentions to address the persistent and acute imbalance between housing supply and demand but are concerned that supply may not respond positively due a number of inter-related factors," it said [...]
George Osborne’s tinkering has made the UK tax system more complicated than ever March 18, 2016 After eight Budgets and six Autumn Statements, we have a pretty good idea of what kind of chancellor George Osborne is. According to the Office for Budget Responsibility’s policy measures database, before Wednesday he had made 585 separate tax policy changes at these so-called “fiscal events”. There had been 165 income tax changes, 107 corporation [...]