The average London house price is now £514,000: But how is the rest of the UK faring? October 14, 2014 UK house prices are up 11.7 per cent in the year to August, the same as the year to July but how much are they being dragged up by London? Eleven point seven per cent growth seems big enough, given low wage growth and inflation of 1.2 per cent. But what about the context? According [...]
Facebook’s Mark Zuckerberg shells out $100m for Hawaii holiday sanctuary October 14, 2014 Mark Zuckerberg has splashed out over $100m on two pieces of land on Hawaii's stunning Kauai North Shore, according to Forbes. The properties are reported to total 700 acres. The first purchase was the Pila'a beach, which consists of 383 acres of dazzling white sand. The private beach was owned by Pfleunger properties, a company belonging [...]
In charts: UK house prices may be rising, but it could be time to buy in Europe October 13, 2014 The house price boom in the UK may be slowing, but at least the market here isn't in bad shape. That's not the story across the channel. We have higher prices than before the crash and there is enough demand in the market, even if it is waning slightly. Many countries on the continent are still suffering [...]
Test October 13, 2014 The house price boom in the UK may be slowing, but the market isn't in bad shape. We have higher prices than before the crash and there is enough demand in the market, even it it is waning slightly. The story is very different on the continent. Spain created a property bubble of mammoth proportions in the [...]
Wikipedia founder Jimmy Wales to lead global push for ethical phone group TPO as it lists in London October 13, 2014 Ethical mobile phone company The People's Operator (TPO) is looking to list on London as it seeks capital to help fund global expansion using a similar model to Wikipedia. The London-based company, which allows users to donate 10 per cent of their monthly bill to charity, is planning to launch onto Aim in November. [...]
Three things you didn’t know about… October 12, 2014 Chief executive of the Association for Financial Markets in Europe, Simon Lewis 1 His first job was working for property guru Gerald Ronson, when he did a gap year stint as a petrol pump attendant in Ronson’s flagship HR Owen garage in Hampstead Garden Suburb. The cashier was Jon Sopel, also on his gap year [...]
City Moves for 13 October 2014 | Who’s switching jobs October 12, 2014 BNP Paribas Investment Partners Susan Gostick has been appointed head of pension fund segment at the asset management arm of BNP Paribas. She has over 20 years’ experience in investment and pensions, and was previously head of institutional relationship management at Newton Investment Management. Gostick has also held roles at Lazard Asset Management, Merrill Lynch [...]
Skills shortage in construction or property to push up wages by as much as 10pc, says Hays October 9, 2014 Recruitment giant Hays said yesterday that skill shortages were pushing up some white collar salaries as much as 10 per cent, despite sluggish wage growth across the economy as a whole. A booming jobs market has resulted in the firm placing 20 per cent more staff in its latest quarter than in the same period [...]
City Moves for 10 October 2014 | Who’s switching jobs October 9, 2014 MORE TH>N RSA’s direct financial services arm has appointed Phil Wilson-Brown as managing director. He has worked for RSA for 10 years, and joins from its Scandinavian business, where he is strategy, marketing and customer director. Michael Page Paul Sykes has been promoted to senior managing director at the recruitment company. He has worked for [...]
World economic freedom falls as rule of law retreats in the US October 9, 2014 World economic freedom has fallen and is well below its peak level of 6.92 in 2007, according to the Fraser Institute's Economic Freedom of the World (EFW) report. The report examines the policies and institutions of 151 countries. In 2012, the most recent year for which data is available, the average score dropped to 6.84. [...]