Charles Jillings, CEO of Utilico, energized by strong economic momentum across Latin America. Watch the video here.
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Number of £2 million-plus homes for sale more than doubles since election: The number of houses listed for sale for £2 million or more on the U.K.’s main property websites has more than doubled in the two weeks since the Tories’ general election victory quelled fears of a mansion tax.
If house price forecasts are on the money it will become “unaffordable to exist” in Britain: If house prices surge again without a radical increase in new homes it will become “unaffordable to exist” in parts of Britain for the young, the property group JLL has warned.
Commuters to cash in on London’s tunnel vision: The long-awaited arrival of Crossrail will deliver fare cuts of up to 40% from next weekend for London’s commuters.
Weakness in inflation to be temporary, stated BOE’s Shafik Bank of England Deputy Governor Minouche Shafik opined that factors that lowered inflation are temporary and the headwinds that are affecting the nation’s economy would gradually ease over the coming years. Further, she expects productivity to pickup which could boost potential output expansion over the long-term.
New housing starts rise by 31 %: New housing starts in England have reached the highest level since 2007, according to government data, but remain around half the level experts say is needed to tackle the housing shortage
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
Jobs boost for young people: The U.K.’S economic recovery is reducing the number of young people who are not in education, employment or training (Neets). Manufacturing growth boosted by a recovery in orders from abroad: The manufacturing sector has expanded this month, helped by growth in exports despite a strong pound.
West End landlord Shaftesbury goes to town with jump in value: Shaftesbury posted a jump in the value of its large West End estate, buoyed by tourists and Londoners flocking to its cafes and shops.
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).
House prices in Scotland up 14% in a year: House prices in Scotland rose 14.6% in the year to March, the highest annual increase since July 2007, according to new figures.
Buy-to-let boom: Landlord lending jumps as first-time buyer loans fall: The buy-to-let boom in Britain shows no sign of abating, as cash thrown at landlords has jumped by more than a third year on year.
Multi-millionaire U.S. dealmaker sells £84 million chunk of shares in Glencore: A multi-millionaire U.S. dealmaker has sold an £84 million chunk of shares in Glencore.
National Grid to sell off its in-house pension Manager: National Grid is selling its £17 billion in-house pension Manager, becoming the latest blue-chip company to hive off the task of running its retirement obligations.
No election chill felt as house prices heat up: General election jitters have failed to stifle signs that the housing market is building up a new head of steam
UK house price index registered a rise in March The house price index in the UK rose 9.60% in March on a YoY basis. In the previous month, the house price index had recorded a revised rise of 7.40%.
UK output producer price index rose less than expected in April On a monthly basis in April, the non-seasonally adjusted output producer price index rose 0.10% in the UK, lower than market expectations for a rise of 0.20%. Output producer price index had registered a revised similar rise in the previous month. UK input producer price index rose less than expected in April On a MoM basis, in April, the non-seasonally adjusted input producer price index registered a rise of 0.40% in the UK, compared to a revised similar rise in the previous month. Markets were anticipating input producer price index to rise 0.80%. UK consumer price index advanced less than expected in April On a monthly basis, the consumer price index in the UK recorded a rise of 0.20% in April, lower than market expectations for a rise of 0.40%. The consumer price index had registered a similar rise in the prior month. UK PPI core output remained unchanged in April On a MoM basis, in the UK, the non-seasonally adjusted PPI core output remained unchanged in April, in line with market expectations. In the prior month, PPI core output had recorded an unchanged reading.
German rental property fund eyes a float on the London Stock Exchange: German real estate investment vehicle Phoenix Spree Deutschland will announce it intends to float on the main market of the London Stock Exchange next month.
Repeated their buy advice this week; mentioned that there will be some nice payouts to investors up till 2018 plus that lovely dividend.
Sentiment for U.K. assets fell in vote run-up: Investor sentiment toward British assets declined in the run-up to the General Election, according to a survey of investors, when polls suggested there was a strong chance of a hung parliament.