Best of the Brokers for 20 November 2015 November 20, 2015 To appear in Best of the Brokers, email your research to notes@cityam.com Vesuvius, a molten metal engineer, is set to feel the steel sector’s pain warns Numis, which reiterated its “hold” rating with a target price of 350p. The broker said, thanks to the group’s restructuring, margins are more resilient than in previous down-periods, which [...]
Rent for a two-bed house in London is set to reach £2,000-a-month by 2020 warns Labour’s London Assembly spokesman Tom Copley November 20, 2015 Let the renter despair, average rents in London are set to reach £2,000 a month by 2020. If rents continue at their current trajectory, a two-bed house in the capital will cost £2,007 a month in five-years’ time, Labour’s London Assembly housing spokesman Tom Copley warned. A one-bed property would cost a staggering £2,010 a [...]
City Moves for 20 November 2015 | Who’s switching jobs November 19, 2015 COLLIERS INTERNATIONAL The commercial real estate services firm has appointed Shane O’Reilly as associate director in its investment property management team. He joins after 10 years at King Sturge/JLL, where his mandates included Crown Estate, Urban Regional Portfolio, and Ropemaker Properties. DEUTSCHE ASSET AND WEALTH MANAGEMENT Matthew Lamb has been appointed co-head of alternatives coverage [...]
London is now a true rival to Silicon Valley – but risks loom November 19, 2015 This year has been dubbed the Year of the Unicorn. It’s not an allusion to the success of the Scottish National Party – the unicorn being the national symbol of Scotland – but rather a reference to the booming global startup scene. In the world of venture capital, “unicorn” is applied to young tech [...]
UK house prices: Mortgage lending is steaming ahead at its fastest pace since 2008, says the Council of Mortgage Lenders November 19, 2015 Mortgage lending is in full recovery mode. The amount of mortgage lending shot up eight per cent in October compared with September to £21.8bn, according to figures published by the Council of Mortgage Lenders (CML) today. October was the biggest month for mortgage lending since July 2008 and takes annual mortgage lending growth to a whopping [...]
Buy-to-let is booming with more mortgage deals for landlords than ever but George Osborne’s tax changes will bite November 19, 2015 Buy to let is booming. Banks’ mortgage lending hit a post-crisis peak of £200bn last year so that “mortgage lending is currently enjoying its best spell since 2008,” says Bob Pannell of the Council of Mortgage Lenders (CML). Although mortgage lending figures remain well below their pre-crisis highs of £350bn in 2007, the number of [...]
Prestigious brands suffer falling sales in China – but luxury hasn’t lost its lustre just yet November 19, 2015 Fom Hermes handbags and Tiffany jewellery, to Moet champagne and Hennessy cognac, luxury companies have had a storming run on the stock markets since the turn of the millennium. Alongside high-end brands with very exclusive products, the luxury sector also includes names considered commonplace in the West, such as Nike, L’Oreal and Swatch – which [...]
Where’s the hardest place in England and Wales to get on the housing ladder? November 19, 2015 By now we’ve all heard – and heard again – how hard it is to get on the housing ladder. In the capital alone – where a generation has been priced out of the property market – one organisation has already said people should “just move out of London“. But just where in the country is it [...]
What will secondary markets look like in crowdfunding and P2P? And what should investors be thinking about? November 19, 2015 Imagine you’d loaned money to a company via a debt-based crowdfunding platform. The term of the loan was 10 years, but after five, despite earning a decent return on it, you decide you want the original loan amount back. This is where a secondary market comes in, allowing you to sell your previously issued security [...]
The Brits are back in town: Domestic buyers dominate London’s prime property market November 19, 2015 British buyers are returning in droves to the London property market and now account for well over two thirds of purchases in the capital’s prime post codes, new research revealed today. The proportion of sales to domestic buyers has jumped to 79 per cent in the third quarter from 75 per cent a year ago, leaving overseas [...]