Goldin and Hanergy bosses under fire as billions wiped off top Hong Kong stocks May 21, 2015 Two of the Hong Kong firms that had an as-yet-unexplained collapse of their share prices had business links, it was revealed last night. Goldin, a conglomorate dealing in horse breeding, wine and finance had HK$16bn (£1.31bn) wiped off its value when shares sunk yesterday. Subsidiaries Goldin Financial closed 43 per cent down and Goldin Properties [...]
City Moves for 22 May 2015 | Who’s switching jobs May 21, 2015 Pension Insurance Corporation Rob Groves has been appointed chief investment officer of the specialist insurer. He joins from Friends life, where he held the same role and oversaw assets totalling £100bn. Groves has previously worked for UBS, Commerzbank and Towers. Maples Teesdale The commercial property solicitors has appointed Dellah Gilbert as a partner. She has [...]
London barometer: House offers on the rise after General Election uncertainty May 21, 2015 Despite the crippling effect of election uncertainty, offers received in April were up 15 per cent on last year indicating a strong appetite among vendors and applicants to do business. After a fiercely contested and unpredictable campaign period, figures show that the market lost patience waiting for a political outcome. As forecast in previous [...]
Zoopla reports a post-election housing boost May 20, 2015 PROPERTY website Zoopla said that the Conservatives’ success at the General Election is helping the housing market, as the company announced a rise in profits yesterday. Zoopla saw adjusted core earnings rise 14 per cent to £21.4m in the six months to the end of March. The company’s chief executive Alex Chesterman said that the [...]
London’s property boom lifts value of Great Portland’s estate May 20, 2015 Great Portland Estates (GPE) yesterday reported an 18 per cent surge in the value of its portfolio over the year, thanks to London’s booming property market. The developer’s net asset value per share rose by 24.6 per cent to 709p over the year to 31 March while profit before tax was up 17.4 per cent [...]
Crowdcube’s Luke Lang on what sort of people invest on crowdfunding platforms May 20, 2015 1. Smart money invests over lunch The most popular time to invest is at lunchtime and straight after work, between 5-6pm The online investment model is perfect for professional people who can find, review and invest in a variety of businesses, at a pace that suits their busy lifestyle. The majority of our investors [...]
Zoopla share price falls as it loses nearly a quarter of its agents May 20, 2015 The figures Shares in property listings site Zoopla fell 2.74 per cent to 223.7p in mid-morning trading, after it posted figures showing its membership fell 16 per cent to 16,076, in the six months to the end of March, down from 19,239 during the same period a year ago, while the number of estate agents signed with its website fell 23 per cent to 12,449, [...]
Land Securities share price rises as property developer hikes dividend amid lettings boom May 19, 2015 Shares in Land Securities rose almost three per cent yesterday, after the property developer hiked its dividend by 3.7 per cent, saying a boom in demand for commercial property had boosted its net asset value. The FTSE 100 company, which jointly owns the Walkie Talkie skyscraper in the City with Canary Wharf Group, said [...]
WPP buys stake in Ascot and Liverpool FC sports marketers Two Circles May 19, 2015 WPP has gained a majority stake in Two Circles Limited, a London-based, data-driven sports marketing agency. After the deal, Two Circles will become part of ESP Properties, GroupM’s newly launched company serving rightsholders in the worlds of sports and entertainment. Founded in 2011, Two Circles has become the market leader for a data-driven approach to [...]
First house, first baby, first job: 25 life milestones and the ages you should achieve them May 19, 2015 The eminent members of Generation Y may frequently complain that they're being priced out of the property market/marriage/adulthood – but when should we actually be hitting those crucial milestones? Younger than you think, according to new research… Loans company Amigo surveyed nearly 1,600 people aged between 16 and 65 about their "wisdom, life experience and [...]