London house prices up by 10% in October and first-time buyers bear the brunt - Rightmove: London house prices are 9.8% higher than they were in October 2014, data released by online property market Rightmove reveals
First-timers and landlords force up prices: A battle between first-time buyers and buy-to-let landlords for the same type of home has forced the asking price of properties with a maximum of two bedrooms in England and Wales to a record high.
Stamp duty slices the price of luxury London homes: The price of prime property in the centre of London is expected to be down by 2% this year because of the changes in stamp duty, according to a leading estate agency.
Tchenguiz saves empire with bank deal: Property tycoon Vincent Tchenguiz has settled a legal fight with Bank of America Merrill Lynch, saving a huge residential portfolio from the clutches of his lenders
U.K. banks could be forced to hold £3.3 billion under ringfencing plans: The Bank of England has warned major banks they could be required to hold £3.3 billion of extra capital as a result of proposals to separate high street banking from riskier investment banking operations.
London’s creative industries provide more jobs than the financial services sector - GLA: London’s creative industries provide almost 800,000 jobs – more than the financial services sector – and boost the economy by a whopping £35 billion.
Cain Hoy and Sager secure loan for £400 million luxury Islington scheme: Cain Hoy, the U.S. private equity firm that fleetingly considered buying Tottenham Hotspur last year, is pushing ahead with the £400 million luxury development of a landmark Islington site after securing a £190 million loan.
Number of unemployment benefits claimants in the UK recorded an unexpected increase in September
Number of unemployment benefits claimants recorded an unexpected increase of 4.60 K in the UK, in September, following a gain of 1.20 K in the previous month. Markets were anticipating number of unemployment benefits claimants to fall 2.20 K.
UK average earnings including bonus rose as expected in the June-August 2015 period
On a YoY basis, the average earnings including bonus rose 3.00% in the June-August 2015 period, in the UK, compared to a rise of 2.90% in the May-July 2015 period. Market anticipation was for the average earnings including bonus to climb 3.00%.
Employment in the UK recorded an increase in the June-August 2015 period
Employment recorded an increase of 140.00 K in the UK, in the June-August 2015 period, meeting market expectations 140.00 K. Employment had recorded a gain of 42.00 K in the May-July 2015 period.
UK average earnings excluding bonus advanced less than expected in the June-August 2015 period
The average earnings excluding bonus advanced 2.80% on an annual basis in the UK, in the June-August 2015 period, compared to an advance of 2.90% in the May-July 2015 period. Market anticipation was for the average earnings excluding bonus to rise 3.10%.
UK ILO unemployment rate declined unexpectedly in the June-August 2015 period
In the June-August 2015 period, the ILO unemployment rate in the UK fell unexpectedly to 5.40%, lower than market expectations of a steady reading. In the May-July 2015 period, the ILO unemployment rate had recorded a level of 5.50%.
Datafeed and UK data supplied by NBTrader and Digital Look.
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