David Callaghan
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Resi sales hit £338m in first sign of growth
The total raised at residential auction rose by 9% to £338m last month, in the first sign of year-on-year growth so far in 2017.
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London sales defy General Election jitters
The Diocese of Southwark was among the successful vendors at Andrews & Robertson’s auction in London this week, selling a former vicarage and land for more than £2m
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London auctions strong despite election jitters
Two London auction houses achieved healthy success rates in sales held this week despite uncertainty created by the General Election, writes David Callaghan
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Auctioneer IAM Sold profits jump by 40%
IAM Sold, a relative newcomer to the auction sector, has reported a 40% increase in turnover to £12.7m and a similar percentage rise in profit to £1.4m.
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Auction House London nets £9.9m
Auction House London raised nearly £9.9m at its sale on 2 June, with a success rate of 61%.
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Pre-match jitters hit auction houses’ success rates
Auction houses expect an upturn in market confidence after next week’s General Election
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Allsop resi buyers vote with their wallets
Allsop’s latest residential auction raised more than any auction in the past year despite concerns that bidders may have been put off by the forthcoming General Election
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Big retail lots fly at Acuitus auction
Six lots sold for more than £2m at Acuitus’ auction yesterday
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Morning papers: New homes builds rise by a fifth
In the newspapers this morning, the number of new homes built in the first three months of the year is more than 20% higher than last year.
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New homes figure rises by more than fifth
The total number of new homes built in the UK was 21% higher than at the same time last year.
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Halfords rides over weak pound bump
The weak pound has hit Halfords’ profits as it struggles with more expensive imports, but the company is confident it can cope with the setback.
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Household debt to hit new high
The amount in credit owed by the average UK household is set to rise to record levels next year.