UK confidence in housing market remains strong despite waning economic outlook January 29, 2016 CONFIDENCE in the UK housing market remains strong, despite growing concerns over the wider economy, according to new research today. The latest quarterly Halifax Housing Market Confidence Tracker showed that despite confidence declining steadily since May, the majority of people still believe that average UK property prices will be higher in 12 months’ time, with [...]
Global market turmoil fails to derail UK consumer confidence in January January 29, 2016 UK CONSUMER confidence rose in January, shrugging off the global market volatility that overshadowed the start of the year. Market research firm GfK found that its consumer confidence index increased by two points to +4 in January, while a comparable index by YouGov and the Centre for Economics and Business Research (CEBR) rose by 0.1 [...]
Forget a tech bubble: This is the start of 50-year Digital Revolution January 29, 2016 The possibility that we are in a “tech bubble” is a hot and much contended issue in both Europe and the US. So why all the concern? Many market analysts and experts, drawing on comparisons with the dot-com crash, are warning of a similar trend in the current tech industry, characterised by inflated company valuations [...]
Fancy living opposite painter Hogarth’s House in Chiswick? January 28, 2016 New homes do have a certain reputation for being identikit, sterile, cramped places to live in, but on the other hand, traditional period homes are dismissed as draughty, stuffy and expensive to maintain. But a new development in Chiswick, currently being marketed by a former Apprentice finalist, is aiming to strike somewhere in the middle with [...]
TSB results: Chief executive Paul Pester says the big banks have it far too easy as his challenger bank reports 22 per cent increase in customer lending for 2015 January 28, 2016 TSB Bank chief executive Paul Pester told City A.M. that the challenger bank "definitely went from strength to strength" in 2015, as the lender announced its full-year results this morning. The retail and commercial bank, which was carved out of Lloyds Banking Group in 2014, reported profits were ahead of expectations, with management profit before tax of £105.7m, while [...]
National Australia Bank shareholders approve plans to demerge Clydesdale and Yorkshire Bank in IPO next month January 27, 2016 Shareholders in National Australia Bank (NAB), which owns Clydesdale and Yorkshire Bank, last night voted overwhelmingly in favour of plans to spin off Clydesdale and float it on the London and Australian stock-markets next month. Clydesdale Group, which includes Yorkshire Bank and is often referred to as CYBG, is valued at an estimated £2bn. It is one of the largest of [...]
Nationwide house price index: Get set for an acceleration in UK house price growth January 27, 2016 Hold on to your hats: house price growth is "skewed towards a modest acceleration", a lender has warned, as it reported growth held steady in January, at 4.4 per cent on last year. In its monthly house price index, chief economist Robert Gardner said forward momentum in the labour market and record-low interest rates, which [...]
City Moves for 27 January 2016 | Who’s switching jobs January 27, 2016 Indigo Planning Indigo Planning has appointed of Julie White as associate. Julie joins the consultancy firm with more than 15 years’ national and regional industry experience. Much of Julie’s work has focused on delivering residential and mixed-use proposals for private developers, as well as major retail projects for a national supermarket operator. She also has experience [...]
Bloomberg innovators 2016 list: These are the most innovative businesses in the UK – From coffee creators to fintech leaders January 26, 2016 More than 50 businesses have been named the most innovative in Britain credited with changing the way we live, work and think. Leading fintech startups, creative coffee makers and bionic hand creators, are just some of those to have been chosen by a group of leading investors and entrepreneurs including Saul Klein and Rohan Silva. [...]
UK house prices: A quarter of people living with parents don’t think they will be able to afford to move out until they are at least 35, according to new research January 26, 2016 A quarter of people who currently live with their parents don't think they will be able to afford a home until they are at least 35, according to new research. Research from the Consilium Strategtic Land Fund revealed that a further 12 per cent don't think they will be able to buy a home until they [...]