London house prices: Flats in the capital cost 67pc more than in 2005 and are set to keep climbing September 23, 2015 London flat prices have outstripped every other property type in every other region of the UK over the last decade, according to research published by a major mortgage provider this morning. Affordability is set to continue falling as data from HMRC yesterday showed the market was hotting up with 106,480 homes sold during August – [...]
City Moves for 23 September 2015 | Who’s switching jobs September 22, 2015 TAYLOR WESSINGThe law firm has announced the appointment of David McCluskey as a partner in its disputes and investigations team. He joins from Peters & Peters, where he was a partner in its business crime team. McCluskey acts for professional and corporate clients in business crime and regulatory investigations, and he recently successfully defended Fergus [...]
The shared economy and peer-to-peer payments are transforming business lending and P2P is here to stay September 22, 2015 Anyone who has kept an eye on the financial services landscape over the past decade will have noticed that digital technology is transforming and disrupting many traditional product markets. The latest innovation is from PayPal, an early pioneer in online payments, who are offering a smartphone app to help get your money back if you've [...]
London’s commercial property market is a bubble – but it’s not ready to burst September 22, 2015 Commercial property and office rents have reached all-time highs across the West End, midtown and the City and headlines have recently been dominated by a spate of high-profile tech firms making a home for themselves in the capital. With 15 years’ experience in the London property market, I keep a watchful eye on the capital’s [...]
China’s bright spot: Retail September 22, 2015 AFTER decades of super-charged growth, China is in the midst of a major attempt to re-shape its economy and put it on a more sustainable path. As the rate of expansion slows, a stream of sluggish summer data caused concern among markets and commentators. Too much attention can be paid to monthly macro numbers, especially [...]
Best of the Brokers for 22 September 2015 September 22, 2015 To appear in Best of the Brokers, email your research to notes@cityam.com BAE SYSTEM Haitong Research have maintained their “buy” rating for BAE Systems, despite their earnings forecasts for 2015 and 2016 falling by seven and eight per cent respectively. The earnings downgrade came after analysts reduced their Eurofighter build rate assumption for 2016 from [...]
City Moves for 22 September 2015 | Who’s switching jobs September 21, 2015 LEGAL & GENERAL INVESTMENT MANAGEMENT Katharine Photiou has been appointed head of workplace defined contribution, product and proposition, at the investment management firm. She joins from Barclays, where she was head of workplace savings. Photiou has also held roles at Mercer and Friends Provident, latterly as head of defined contribution corporate strategy and design. JP [...]
UK house prices: One million homes by 2020 will be yet another failed target if we don’t change policy radically September 21, 2015 This week, research by property website Rightmove predicted that the average price of a house in London could easily hit £1m by the end of 2020. Yes, you heard right: one million pounds – in five years. So, while it’s welcome news that Brandon Lewis, the housing minister, wants England to build 1m [...]
UK house prices: Rightmove says the average London home could cost £1m by end of the decade September 21, 2015 London house prices are climbing at such a rapid rate that the average price could hit £1m by 2020. In news that will buoy homeowners but frighten Londoners with ownership aspirations, house prices in the capital jumped 2.2 per cent this month compared with August, according to figures published today by property website Rightmove. [...]
Rugby World Cup 2015 will showcase sport’s booming licensing opportunities for brands September 18, 2015 The culmination of months of sporting excitement aside, there are plenty of business reasons we should be happy about the arrival of the Rugby World Cup in our back garden. One of them is the opportunity within the licensing industry. The licensing industry is booming –the International Licensing Industry Merchandisers’ Association’s recent Annual Global [...]