Helical slashes dividend despite London lettings and development progress July 17, 2024 Progress in flagship central London office developments and the successful lettings of three Aldgate East spaces has led office specialist Helical to underline its confidence it has in the capital's office market despite having to slash its dividend.
London offices: Bigger is better, as construction of smaller spaces in the capital dries up July 17, 2024 For the first time in at least two decades not a single new office scheme smaller than 100,000 square feet began construction in London in the first half of this year, despite demand for larger spaces reaching record highs.
FTSE 100 today: Blue-chip to rise on sub-two per cent inflation, boosting rate cut bets July 17, 2024 Asian stocks rise amid Fed rate cut hopes, gold extends rally; investors focus on upcoming UK and Euro area CPI reports.
Investment in London’s prime property market dried up as super-wealthy downsized July 15, 2024 Competition from Dubai and concerns about the Labour government's tax and spend priorities have led investment in London's super prime property market to dry up.
FTSE 100 today: London set to open soft amid US political uncertainty July 15, 2024 Asian markets were mixed. The US dollar rose on bets of a Trump victory. China's growth slows. Focus on Netflix and major banks' earnings.
China’s Q2 GDP below expectations, fuels calls for ongoing stimulus July 15, 2024 China's economy expanded by 4.7 per cent in the second quarter of the year compared to the same period last year.
FTSE 100 today: London markets set to open higher on strong GDP growth data July 11, 2024 Asian markets followed US's rally, with Chinese stocks rising due to new short-selling restrictions. UK GDP, US CPI and Jet2's results eyed.
London landlords struggle to shift office space due to high rates and hybrid work July 10, 2024 Landlords wanting to shift large London office this year have struggled to find a willing buyer, as nerves over hybrid working and higher interest rates continue to plague the upper end of a market that is still yet fully to recover from the pandemic.
Housebuilder Barratt to deliver profit ‘slightly ahead’ of expectations despite challenging conditions July 10, 2024 In a trading update covering the year to June, Barratt said that total home completions were at 14,004. Although this was down on 17,206 last year, it was still at the "upper end" of the firm's guidance.
FTSE 100 today: London markets set to open higher ahead of BOE’s Pill and Mann speeches July 10, 2024 Asian markets are mixed as investors digest inflation reports from China and Japan. Attention is now on speeches by Fed and BOE policymakers.
