Official data from HM Revenue & Customs reveals that housing transactions fell in April, following a period of relative stability in recent months, with 97,020 residential transactions taking place during the month. The figure, which is provisional and seasonally-adjusted, marked a reduction of 3.4% from March (when 100,470 transactions were recorded) and is 5.6% lower than April 2014's transaction count of 102,780. Non-adjusted transactions follow a similar pattern, with the figure being lower on both a monthly and annual basis. However, non-residential property transactions (9,910) increased by 5.2% between March and April 2015, and also post an increase of 9.1% compared with the same month a year ago
IPOs back on: Goldman takes Equiniti to market: One of the U.K.’s biggest outsourcing companies Equiniti has appointed Goldman Sachs for a £1 billion-plus float in London later this year, underscoring the renewed appetite for initial public offerings (IPOs) after the General Election
More than four out of 10 FTSE 100 companies make top executives wait at least five years before allowing them to cash in so-called ‘long-term incentive plans’: More than four out of 10 FTSE 100 companies make top executives wait at least five years before allowing them to cash in their so-called ‘long-term incentive plans’ after a campaign by leading asset Manager Dominic Rossi of Fidelity Worldwide Investments.
Housing crisis will halve number of young homeowners in five years: The number of young adults able to buy homes could fall nearly 50% within five years unless the government addresses the housing shortage, a report has claimed.
Alarm over return to ‘fatal’ high-risk loans: Britain’s most senior financial regulator has warned building societies that they must not return to the “fatal” high-risk lending that helped trigger the financial crisis and led to the demise of some of the country’s biggest mutuals.
House prices increase as Owners put down roots: Householders are staying in their homes for nearly three decades in some cities, exacerbating the acute housing shortage that is keeping upward pressure on prices and stretching affordability.
LA raises minimum wage The second-largest US city by population will increase guaranteed pay for workers to $15 an hour by 2020. With income inequality securing growing political attention and Republicans reluctant to act, campaigners in the US have successfully turned to cities and states to push for a rise in minimum wages. (FT)
London house prices soaring above the rest: House prices in the capital continue to outpace prices in the rest of the U.K., according to the latest figures from the Office for National Statistics (ONS).
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