Sterling continued its sharp slide against the dollar ahead of housing and inflation data out of the US today. It was trading around $1.8586 in the early morning in London, reports The Telegraph.
Brixton, the property company, took to quoting lyrics from the Bob Dylan song - “All along the Watchtower” – to sum up the beleaguered commercial real estate market. The group's net asset value per share - a key measure for property companies - slumped 17.8pc.However the company, which is the biggest owner of industrial property in the UK, did see a 13.5pc rise in rental income and lifted its interim dividend 2.1pc to 4.9p. Fresnillo, the world’s biggest primary silver producer, reported a 45pc rise in first-half profits to $202m (£108m) pre-tax driven by demand for the metal. High avera...
To continue reading this article...
Join Professional Adviser for free
Signup and gain exclusive members-only insights
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes
