Miners fearing US rate rise pull down FTSE 100 – London Report November 10, 2015 UTILITIES, the InterContinental Hotels Group and mining companies yesterday weighed on the FTSE 100. The blue-chip share index closed 0.92 per cent lower at 6,295. InterContinental Hotels Group, one of the world’s largest hoteliers, saw its share price fall 4.83 per cent during the day to 2,640p per share, after denying rumours of a possible [...]
Shared ownership’s time has come so here’s six ideas to help home buyers in the high cost capital November 9, 2015 There is an iconic image of the Patterson family stood outside their house with Margaret Thatcher. The first people to purchase their home under Right to Buy in 1980, Thatcher delivered the deeds herself. Right to Buy is back in the news, with the government striking an agreement to extend the scheme to housing [...]
At the close: FTSE 100 taken lower by Glencore and InterContinental Hotels Group November 9, 2015 The FTSE 100 ended Monday's trading session lower, taken down by utility and mining companies as well as InterContinental Hotels Group. The blue chip share index closed 0.92 per cent lower at 6,295. InterContinental Hotels Group, one of the world's largest hoteliers, saw its share price fall 4.83 per cent during the day to 2,640p per share, [...]
Merlin Entertainments appoints partner from Asian investment firm as non-executive November 9, 2015 Merlin Entertainments has appointed the partner of a major Asian investment management firm to its board, paving the way for the theme park owner’s expansion in China. The Madame Tussauds and Alton Towers owner said Yun (Rachel) Chiang will join the company as a non-executive director in 2016. Chiang is currently a partner at Pacific [...]
Capital & Counties eyes sale of £300m Olympia exhibition centre November 8, 2015 The Olympia exhibition centre in West London is being prepped for a £300m sale by its owners Capital & Counties (Capco). The FTSE 250 property company, which is behind the £8bn regeneration of Earl’s Court, confirmed it has hired agents at CBRE and investment bank Rothschild to explore options for the events venue. “Following the successful [...]
It’s still London, London, London for global property investors as Regional REIT prepares to float November 6, 2015 Regional REIT, a new commercial property investment trust focusing on commercial real estate outside London and the southeast, is set to list in London today. The flotation underlines the appetite for commercial real estate opportunities outside London, but does this include the international community? The weight of international capital which has recently been looking to [...]
Cain Hoy partners with China’s largest property company Vanke for £750m Shoreditch project November 5, 2015 China's largest property company has made its first foray into the European market after partnering on the £750m redevelopment of a Shoreditch site where Shakespeare’s Curtain Theatre once stood. Vanke has taken a 21 per cent stake in The Stage, joining a consortium of investors headed by US private equity firm Cain Hoy and joint venture partners MG Partners, Galliard Homes and Investec Property Finance. The [...]
London property prices: Here’s how many houses have sold for £1m in the last five years – and where is seeing the biggest growth November 5, 2015 Here's a million-dollar question for you: how many £1m-houses does London have, and which boroughs are seeing the fastest growth? Over the past decade, nearly 54,000 £1m (or more) homes have been sold – and Kensington & Chelsea accounts for more than 10,000 – almost a fifth of the total. But this borough appears to be slowing – perhaps as [...]
Mining giants bounce back to push up FTSE 100 – London Report November 5, 2015 The FTSE 100 ended yesterday’s session slightly higher, boosted by gains in mining companies and Marks and Spencer. The UK’s blue-chip index ended the day 0.46 per cent up at 6,412 points. The day’s biggest riser was Glencore, the embattled mining giant, which has been struggling to reassure investors worried about the size of its [...]
This chart shows panic over housing in the UK is rising to levels last seen in the 1970s November 4, 2015 People are freaking out about housing in the UK – and the panic hasn't been this bad since the 1970s. According to the latest Ipsos Mori Issues Index for October, 20 per cent of people see housing as the most important issue facing Britain today. The only time Brits have seen housing as even more of an [...]