Rupert Murdoch steps down as 21st Century Fox chief: Here’s a chart of every company his son James will inherit (and the News Corp empire) June 17, 2015 Rupert Murdoch has announced he will be stepping down from his post as chief executive of 21st Century Fox in two weeks. Read more: James Murdoch confirmed as new 21st Century Fox chief exec Murdoch’s son, James, will take over, leaving Rupert and his other son, Lachlan, as executive co-chairmen. Chase Carey, a career Murdoch man [...]
FTSE flat as European Commission President Jean-Claude Juncker says Greece has been misleading its voters June 17, 2015 The FTSE was flat in early trading, rising 0.17 per cent by the time of writing. Investors will be watching for the fallout from the latest episode of the Greek tragedy, with both Athens and its creditors trading blows yesterday. Greece has been misleading its voters over bailout proposals, according to European Commission President Jean-Claude [...]
UK house prices: Tony Pidgley’s Berkeley calls for Britain to stay in the EU as housebuilder’s profits rise 42 per cent June 17, 2015 London-centred residential property developer Berkeley Group announced a 42 per cent increase in full-year profits today, but warned a British exit from the EU would be bad for the capital's property market. Read more: How can the UK build more houses? In preliminary results for the year to the end of April, Berkeley stressed that the [...]
Greece wants to delay its payments to the IMF by six months June 16, 2015 Greece wants to delay paying the €1.55bn (£1.1bn) it owes the IMF by six months, according to a report in the German newspaper Bild. This wouldn't be the first time Greece has looked to put off paying creditors – it had originally said it would bundle its debts to the IMF rather than pay in [...]
London house prices: Growth in the capital slows to lowest rate since 2012 June 16, 2015 UK house price growth slowed to 5.5 per cent in the year to May, according to data published today by the Office for National Statistics (ONS). London’s market was particularly subdued, falling to 4.3 per cent – the capital's lowest figure since October 2012. Read more: Average property price in Kensington and Chelsea rises by £486,000 [...]
UK inflation: 33 charts showing how UK inflation rate compares to every inflation rate in every EU country June 16, 2015 The UK exited deflation in May, according to the ONS. In April consumer prices went on a brief foray into negative territory, but returned to meagre growth of 0.1 per cent for the year to May. Read more: The UK shrugs off deflation The Eurozone is beginning to get to grips with its own disinflation [...]
UK house prices: Crest Nicholson enjoys fruits of high demand as profits rise 52 per cent June 16, 2015 Crest Nicholson’s profit before tax leaped 52 per cent in the six months to the end of April, thanks to an improving market characterised by a sustained demand. Read more: Rents growing across the UK for only the third time on record The figures Residential developer Crest reported profit before tax of £58.3m, a 52 per [...]
There will be no 5 May EU referendum vote as Cameron offers concession to Eurosceptics June 16, 2015 In the fight over the EU referendum, the Eurosceptics have won a point. The date for the ballot will not now be 5 May 2016, after ministers tabled an amendment to the referendum bill on Monday evening. The amendment comes before David Cameron embarks on a series of one-to-one meetings with EU leaders this week. [...]
UK house prices: Rents growing across the UK for only the third time on record June 15, 2015 Rental prices rose in every region across the UK in the year to May, with the South West surging forward with double digit growth. According to data from HomeLet, prices across all regions grew on a monthly basis too – only the third time the index has shown growth in all 12 regions – it [...]
