Save money with a currency specialist November 19, 2014 Many people still rely on their banks when they need to make an international transfer, but banks don’t typically offer the most competitive exchange rates. With City A.M. International Payments you could get an exchange rate which is 3-4pc more competitive than you can expect from your high street bank. So on a transfer of [...]
UK house prices: Mansion tax shrugged off as empty plot on Poole peninsula goes on sale for £6.25m November 19, 2014 The threat of mansion tax may be dampening the prices in London and making Myleene Klass feel like she can't brew coffee in her own home, but it doesn't appear to be having much of an impact in Dorset. An empty piece of land on the county's narrow Sandbanks peninsula has gone on sale for [...]
Booming house prices defy talk of cooler times November 18, 2014 UK HOUSE prices continued their summer boom into September, official figures say, but other sources show price growth slowing. House prices shot up by 12.1 per cent in the year to September 2014, up from 11.7 per cent in the year to August, according to data released by the Office for National Statistics (ONS) yesterday. [...]
Savills warns on mansion taxes November 18, 2014 FEARS of a potential mansion tax if Labour wins the next election is hitting demand for £2m-plus homes, Savills warned yesterday. In a trading update, the property agency said a recovery in the residential markets outside London had helped to ease the impact of a slowdown in the capital caused by growing uncertainty ahead of [...]
FTSE rises as energy firms expect Opec to cut production – London Report November 18, 2014 BRITAIN’S top share index yesterday climbed to a seven-week high, helped by better-than-expected German investor sentiment data and a rally in energy stocks on speculation that oil producing countries may agree to cut output. The blue chip FTSE 100 index closed up 0.6 per cent at 6,709.13 points after rising as high as 6,714.12, the [...]
Staying on track: The secrets to rebalancing your portfolio November 18, 2014 No financial adviser can stress enough that it is unwise to expect your portfolio, however carefully put together, to fulfil your investment goals automatically over the long term. Periodically reviewing the assets you hold is vital if you don’t want to fall victim to portfolio drift. “Rebalancing instills good investment habits, trimming the holdings that [...]
Why UK commercial real estate is still hot property November 18, 2014 But political risks are rising – whether the Conservative Party or Labour win next May. If we take the temperature of investors in commercial property right now, we would find warm support for the sector in the UK. In a low interest rate environment, and with returns from property far outstripping bond yields, [...]
UK house prices in charts: London’s growth slows, but how are other regions performing? November 18, 2014 UK house prices growth slowed between August and September, as the cooling London market weighed on the rest of the UK. As this chart shows, London’s price index fell by 1.1 per cent between August and September. The UK as a whole saw a drop of 0.2 per cent. Once the London effect is removed [...]
Mansion tax talk and cooling London house prices fail to dent Savills expectations November 18, 2014 Upmarket estate agent Savills is weathering the moderation of the London property market and the fall in commercial trading volumes in Hong Kong, as other global hotspots continue to perform. In an interim statement published today, the group said it has been affected by the threat of a mansion tax, which could be implemented after [...]
Supermarkets Sainsbury’s, Tesco and Morrisons told they must shrink to survive in war against discounters Aldi and Lidl November 17, 2014 Supermarkets need to dramatically scale down their store estates if they want to stop haemorrhaging sales and return to growth, according to analysts at Goldman Sachs who sent a stark warning to the retail industry. In a research note published yesterday, Goldman Sachs said Sainsbury’s, Tesco and Morrisons must cut space by around 20 per [...]