Investment

Credit Suisse Flags Q2 Loss in Latest in String of Profit Warnings :

The bank has described 2022 as a "transition" year in which it is trying to turn the page on costly scandals that brought a near-total reshuffle of top management and a restructuring seeking to curtail risk-taking, particularly in its investment bank. The bank is considering job reductions as part of the cost cuts, Bloomberg reported on Wednesday. Credit Suisse declined to comment on potential staffing cuts. hares slid 7.3% in early trading as analysts pointed to the particular impact of market conditions on a bank in restructuring mode and concerns that cost savings will

Property Consulting

House prices are plunging drastically in Australia:

House prices in capital cities are slowing at a rate which has not been seen in more 30 years, this is signalling that the property boom is coming to an end. Australian homeowners have had the upper hand, with the property market enjoying unprecedented levels of growth year-on-year, increasing by 35 per cent since mid-2020. Annual price growth has fallen from 24 per cent just six months ago to 14 per cent now. The last time house prices slowed this quickly was more than 30 years ago – at a time when Australia was heading into a recession. Houses are continuing to outperfor

Investment

Bitcoin investment simulator!

Workers will soon be able to put some of their retirement savings in bitcoin, but the crypto crash has made it clear what a risky bet it is. The currency has lost more than 50 percent of its value from November to May. So while those who invested in bitcoin even two years ago may have seen big returns, any investor jumping in now could be in for losses. You can use the NBC news simulator whereby you’ll have $10,000 to play with, and you can put up to $2,000 in bitcoin. Pick any start date in the past 18 months — or use our presets — and see which would have been the better

Property Consulting

CURRENTLY: Property boom or bust or normal market?

The property market has weakened since the interest rate hike, which has been hitting big property investors. However, there remains large competition around the big, new houses which has meant the market has returned to a normal one. A normal market is one considered to have steady auction clearance rates around the 60 per cent mark as when the clearance rates linger around the 80 per cent mark it is seen to be unsustainable long term. The average home buyer’s disposable income and borrowing capacity is decreasing due to hikes in interest rates therefore the house prices

Investment

Waitlist for the NHS growing despite investment!

Sajid Javid confirms that the waitlist for NHS will continue to grow as healthcare in the UK is struggling to cope with the post pandemic surge in demand. This confirmation has been made despite the significant Government investment. The NHS was still struggling to address the waitlists that had been exacerbated by a pandemic which forced thousands of treatments across the UK to be blocked. He had previously outlined a plan to implement a series of “community diagnostic centres” to ease the burden of tests and treatments taking place within hospitals.Despite current pressu

Property Consulting

Change is coming on climate risk due diligence for property conveyancers

The question of whether  solicitors have a legal duty of care to advise their clients on climate-related risks is being posed on at The Conveyancing Climate Change Conference on 14 June in the Law Society Common Room. Environmental and Social Governance (ESG) is now a growing area of concern for partners and fee earners.  It’s not just about how you operate ethically either – in terms of their footprint and who they give advice to (that is, whether you are planet-friendly). It’s also about how you advise clients on the impact of climate change. The geo-environmental risks

Property Consulting

London’s house prices have risen across all boroughs to hit a new record high!

House prices have risen across all boroughs this month to hit another record high, with the average asking price now standing at £677,110. This has resulted in a year on year rise of over 6% and almost a 2% rise from last month. After 2 long years of dampened interest in properties there has been a reopening of offices and cultural attractions has tempted people into buying into the city again. _________________ Will you be investing?

Investment

Saudi Arabia’s Public Investment Fund Acquires 5% Stake In Nintendo:

This now known to be Saudi Arabia's public investment fund's [PIF] biggest investments to date. PIF has acquired a 5.01% stake in Nintendo, stating that the move is for investment purposes. That stake makes it the fifth biggest shareholder of Nintendo. Saudi Arabia's PIF has been particularly active this year; in February it spent around $1 billion on stakes across two businesses. The bigger chunk was spent on 5% of Nexon, a Korean firm with hugely successful online games.  Saudi Arabia's Public Investment Fund also has high profile stakes in Activision Blizzard (pending t

Investment

Millionaires prioritise recycling over ethical investments when considering the environment:

UK pension funds are worth over £2.7tn, money which Coutts claims could be used to help invest in ethical and sustainable causes. Making changes to their portfolios however would be more beneficial and have a better impact to the planet. Britain’s millionaires do not realise they can make a far bigger difference to the planet with their investments and pensions than they can by sorting their recycling. ______________________________________ Do you invest ethically / know what ethical investments are?

Property Consulting

Renewed demand for London Properties:

The property demand in the capital is back in full flow showing little signs of slowing down in the near future. Despite, the annual house price incline being the highest in year, with a whopping 10.4% across the UK, there is a 'race for space' after the pandemic. The demand for space for hybrid working environments is now crucial and are encouraging buyers to seek the opportunities as they come. The supply issues will continue to fuel the market and increase the cost of living pressures on consumers. _______________________________ Will this be sustainable?