City Moves for 05 August 2015 | Who’s switching jobs August 4, 2015 Mayfair Capital Investment Management The UK real estate investment manager has announced the appointment of Phil Sturdy (pictured) as investment director. He joins from Rockspring Property Investment Managers, where he was European director. Sturdy has also previously held positions at CBRE. In addition, Mayfair Capital has appointed Laura Sweet as an asset manager. She previously [...]
Response to Cecil the Lion’s death is a sad lesson in the irrationality of public opinion August 4, 2015 Alas poor Cecil! Close personal friend of mine, sadly dead now. The catchphrases of the Scottish comedian Bob Doolally capture the outpourings of grief among the Twitterati at the death of the now famous lion. The mourning is mixed with incoherent rage, as long-standing opponents of torture and capital punishment demand that the American dentist [...]
Labour leadership contest: Three reasons why Jeremy Corbyn could be the City’s new best friend August 4, 2015 Jeremy Corbyn is rumoured to be leading in the Labour Party’s leadership election. Without doubt he is setting the pace. The result is that words like ‘hard left’ are being bandied about, especially by his opponent’s camps. But is he bad news for the City? As the author of some of the economic policies [...]
Commodities in freefall as China faces slowdown August 4, 2015 Mining stocks were dealt a body blow yesterday, with one index dropping to a 13-year low, as Chinese manufacturing PMI data dragged the commodities market down yet again. The data, which came out yesterday morning, showed that the downturn in China’s manufacturing sector intensified at the start of the third quarter. Production was cut at [...]
West End sees post-May poll sales upswing August 3, 2015 HOUSE sales in London’s upmarket West End have soared following the Conservatives’ election win, as buyers’ fears over Labour’s proposed mansion tax were allayed. Property advisers CBRE said enquiry levels rose by 25 to 30 per cent following the May poll outcome compared with pre-election figures. This led to an upswing in sales in the [...]
Save money on your overseas transfers and payments August 2, 2015 If you use your high street bank to make payments overseas, then you may be paying more than you bargained for There are a number of reasons people need to send money overseas. Common examples include buying and selling international property, or sending money home if you are working overseas. An increasingly connected world means [...]
“I have recently switched to using moneycorp” August 2, 2015 City A.M. has teamed up with foreign exchange experts moneycorp to launch City A.M. International Payments. Since its inception, many City A.M. readers have decided to switch from their bank to moneycorp when making overseas money transfers. Ben Martin is just one example of the many satisfied City A.M. International Payments customers who have taken [...]
London property sales account for almost half of stamp duty revenue August 2, 2015 Almost half of all stamp duty revenue across England and Wales is collected from property sales in London, according to data showing the impact of last year’s rise in rates for the most expensive homes. Research by estate agent Knight Frank shows London accounted for just 13 per cent of all property transactions for the [...]
Stephen Greenhalgh: “Buy to leave” investors are pricing Londoners out of the property market – this is how I’d tackle it July 31, 2015 Often it is the non doms in London who are given a really bad press for inflating the property market. However I believe that it is the "non res" rather than the non dom that London should really worry about. The global non resident super rich see London residential property as a holiday home [...]
Detractors are wrong: OntheMarket is here to stay July 31, 2015 It has been just six months since the launch of agent-owned, agent-controlled OnTheMarket.com. In this very short period in the history of property portals, we have already made significant in-roads in disrupting the current duopoly of Rightmove and Zoopla Property Group. Read more: OntheMarket will fizzle out before its first birthday Rightmove and Zoopla [...]