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Asking prices fell pre-election but up 2.5% annually

Asking prices dipped in the run-up to the election but are up 2.5 per cent annually. Research by online estate agent Rightmove shows the average UK asking price was £285,891 in May, down 0.1 per cent from £286,133 in April. However, asking prices were up 2.5 per cent year-on-year from around £278,900 in April 2014. […]

Curtis Banks launches £85m AIM float

Curtis Banks has begun trading on AIM, with a market capitalisation of £85m. The Sipp provider announced last month it was planning to float on AIM. It has raised £7.5m through the conditional placing of 3.9 million new ordinary shares at a price of 190p per share. Selling shareholders have agreed to sell 7.3 million […]

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Pimco global equities head exits

Embattled asset manager Pimco has suffered another blow following the news global head of equities Virginie Maisonneuve is to leave the firm. Maisonneuve joined Pimco in 2014, having been hired by former chief executive Mohamed El-Erian, but will now be leaving the firm, according to reports from the Financial Times. Douglas Hodge, Pimco’s chief executive, says […]

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Stephen Smith: Boost supply, not demand

As the last weeks of the general election campaign grind on, at least we seem to have some emerging consensus about what needs to be done in the housing market (although little consensus about how). For the first time in many years housing features strongly in the manifestos of all parties and there is something […]

UK housebuilders remain a value trap – despite post-Brexit falls

Despite the sharp drop in housebuilders following the Brexit result, valuations in the highly illiquid market are still at elevated levels. And whilst some investors may take comfort from superficially low price/earnings multiples, are earnings sustainable over the long term, asks Holly Cassell, Assistant Manager of the Neptune UK Mid Cap Fund. Click here to […]

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