UK house prices suffer surprise July fall as housing market ‘treads water’ August 7, 2019 UK house prices continued to “tread water” in July as they slipped 0.2 per cent month on month, Halifax warned today. However, annual growth rose 4.1 per cent thanks to the housing market’s poor performance in 2018, the bank’s latest house price index found. Russell Galley, managing director of Halifax, said: “The average UK house [...]
Workspace giant IWG launches £100m share buyback scheme August 6, 2019 Office space provider IWG has launched a £100m share buyback and increased its dividend. The company, which operates under the Regus brand, increased its interim dividend 10.3 per cent to 2.15p per share as it announced it would repurchase £100m worth of shares by 5 August next year. Read more: Workspace giant IWG posts double [...]
London prime property prices make slight recovery August 5, 2019 London’s prime property market made a slight recovery in the second quarter of this year, with prices edging 3.1 per cent higher than the end of 2018. Property prices returned to levels last seen 12 months ago, indicating that the bottom of the market may have been reached. Sales activity picked up 21.4 per cent [...]
Losses build at L&G’s modular homes business August 4, 2019 Legal & General (L&G) suffered a loss of more than £20m in its modular home building division last year. The latest accounts for L&G Homes Modular show the business reported an operating loss of £20.6m last year. However, the loss was less than the £46.15m reported in 2017. Read more: Construction begins on Europe’s tallest [...]
Focus on London Fields: The attractive Hackney suburb buyers don’t want to leave August 2, 2019 Homeowners who bet on London Fields 20 years ago are some of the canniest in the capital. Then, homes in the leafy-for-Hackney neighbourhood were worth 17 per cent more than the London average, according to Hamptons International – but today that has jumped to a huge 52 per cent, translating to £240,000. “Once an unloved [...]
Property of the week: This West End flat gets you a pass to one of Mayfair’s secret gardens August 2, 2019 Where luxury homes are concerned, Mayfair pretty much has it all. A quick scan of current property listings reveals homes complete with built-in pizza ovens, spa treatment rooms and their own chauffeur-driven Bentleys. There is one area where most of its premium pads fall short, though – access to a garden. Not a roof terrace, [...]
Revealed: The outer London borough that locals say has the best commute August 2, 2019 Sweaty summer mornings on the Northern line getting you down? Been apologised to over a tannoy one too many times? Sick of travelling with a lower level of comfort than someone’s handbag? You might want to consider a move to Richmond-Upon-Thames, which despite all of its train and tube stations being in zones three to [...]
Mandarin Oriental profit slumps despite Hyde Park hotel reopening August 1, 2019 The Mandarin Oriental hotel group reported a slump in profit today despite the reopening of its Hyde Park hotel, which was closed following a fire last year. The five-star hotel was badly damaged in the fire in June 2018 and was re-opened in April following a £100m renovation. Read more: Check out Mandarin Oriental’s refurbishment after [...]
Intu share price fall continues after dividend cancellation August 1, 2019 Shares in retail landlord Intu continued to fall this morning after the Trafford Centre owner yesterday cancelled its dividend as it fell to a £900m loss. Intu’s share price was down as much as 6.7 per cent at 44.6p this morning before recovering slightly to 45.45p. Read more: Intu share price crashes at it cancels [...]
Taylor Wimpey profits drop due to higher costs July 31, 2019 Shares in house builder Taylor Wimpey fell more than six per cent this morning as the company reported a drop in profits due to higher costs. The figures Profit before tax and exceptional items fell 9.4 per cent in the first half of the year to £299.8m from £331m in 2018. Read more: Taylor Wimpey [...]