Flood Re secures £1.29bn in first phase of reinsurance tender process, putting it on track to accept first policy in April 2016 November 18, 2015 Flood Re, a reinsurance body aimed at limiting the cost of flood insurance for high-risk households, has secured £1.29bn in phase one of its reinsurance tender process, it was announced today. This figure means the project is on track to secure £2.1bn by early 2016, allowing it to accept its first policy in April 2016. “Flood [...]
UK house prices: Greenwich, Kew, Westminster and the country’s Unesco World Heritage sites command an £80k property premium November 17, 2015 Homeowners living near the landmarks of maritime Greenwich or leafy Kew Gardens are sitting on a premium worth nearly £80,000. Along with another 27 spots across the country – from Devon to Orkney- homes nearby command more thanks to their status as a World Heritage Site. While the average property price across the UK comes in at £284,127, those located near to a [...]
UK house price growth at its highest since March – as average house price edges towards £290,000 November 17, 2015 The average UK house price hit £286,000 in September this year, setting yet another record, after August's average of £285,000. Prices rose 6.1 per cent in the year to September, up from 5.5 per cent in the year to August. Between August and September, prices rose 0.8 per cent on a seasonally-adjusted basis, with first-time buyers found [...]
Entertainment One share price rises, bringing home the bacon as profits fly with Peppa Pig plans November 17, 2015 The figures Pre-tax profit at Entertainment One (eOne) shot up 654 per cent to £18.1m in the six months to September, or a more reserved 42 per cent to £39.9m on an adjusted basis. Revenue rose two per cent to £337.1m. [stockChart code="ETO" date="2015-11-17 09:06"] Why it's interesting eOne bought a majority stake in the [...]
FTSE fends off Paris panic and ends the day up – London Report November 17, 2015 A RALLY by AstraZeneca after a delay in the approval for a rival drug and strong gains by builder Taylor Wimpey helped the FTSE to a positive day yesterday despite tourism stocks falling in the wake of the deadly attacks in Paris on Friday night. The UK’s blue-chip index closed up 0.46 per cent at [...]
Paris attacks and the economic impact of terrorism: As France mourns the cost of terror keeps climbing November 17, 2015 The economic impact of terrorism across the globe reached $52.9bn (£34.8bn) in 2014, rocketing 60 per cent on the previous year and increasing ten-fold since the start of the century, according to the latest Global Terrorism Index. The figure is the highest since at least 2001, when it was calculated at $51.5bn following the 9/11 [...]
London rent price rise 2015 defies traditional Autumn slow down November 17, 2015 London rents continued to climb in October, up 0.8 per cent, hitting an average of £2,063 despite the seasonal slowdown usually associated with Autumn months. The data suggests that London’s housing shortage, falling unemployment rate, and growing pay is the cause, according to the analytics company MIAC in its monthly Landbay Rental Index. So far [...]
Britain’s ageing population could be an opportunity – not just a disaster November 16, 2015 In the next four decades, the number of people aged over 60 globally is set to jump from 800m to 2bn. This huge increase will pose enormous economic, political and health-related challenges. But for those countries that adequately prepare, the increase will also present opportunities. Britain faces a particularly daunting challenge. The country will see [...]
FTSE 100 ends higher despite being weighed by tourism stocks after Paris attacks November 16, 2015 The FTSE 100 has rebounded to be trading flat in mid-afternoon trade, after it opened lower this morning, led higher by mining stocks despite tourism stocks including airlines and hotels falling in the wake of the deadly attacks in Paris on Friday night. The UK's top blue-chip index was up 0.5 per cent to 6,146.38 points at the close. International Consolidated Airlines [...]
Property firm Knight Frank launches Tech team to target London’s booming digital sector November 16, 2015 Knight Frank has created a Tech team to tap into growing demand from digital firms looking for office space in the capital. The property advisory company said it has poached industry veteran James Nicholson from rival firm JLL to lead a new central London Tech and Creative team and build the company’s profile in the [...]