Hamptons Lowers Outlook on UK Rental Growth as Home Demand Cools
The broker lowered its prediction for 2025 rental growth to 1% from the earlier 4.5%, and trimmed expectations for the following two years. The downgrades have been driven by the transfer of demand from the rental sector to the sales market as mortgage rates have fallen, as well as a weakness in the labor market, Hamptons said.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Motor 1
27 minutes ago
- Motor 1
Another Automaker Shoots Down Apple CarPlay Ultra
Automakers are beginning to realize the value screens have to offer to their bottom lines. Digitizing the automotive experience, putting features behind paywalls, and nickel-and-diming customers to access amenities they could own outright just a few years ago make who controls the screen vital to securing those future profits. General Motors ditched Apple CarPlay for its proprietary system, and now automakers are pushing back on CarPlay Ultra , Apple's latest bid to control more of the in-car experience. BMW is one such brand. The German automaker confirmed with BMW Blog that it 'currently has no plans' to offer CarPlay Ultra in its vehicles. It's heavily invested in its own infotainment system called iDrive , which controls a range of vehicle functions due to its deep integration. Photo by: Aston Martin BMW joins Audi , Mercedes-Benz , Polestar , and Volvo among automakers that have no plans to offer the technology, despite Apple initially saying that they would. It's been three years since Apple first teased the upgraded version of CarPlay, initially listing several participating brands, but the industry continues to evolve. Some brands, including Porsche , Kia , Hyundai , and Genesis are still committed. Aston Martin was the first to launch Ultra in its vehicles. In a brief test, we thought it made the experience better . CarPlay Ultra takes over the entire in-car experience to bring an Apple-like feel to the gauges, in-car controls, and far more than just music and text messages. Photo by: Aston Martin It's unclear when another brand will launch Ultra for their vehicles, as it appears there's little incentive for most automakers to give up so much control. The battle for your attention and your money is coming to your car's screens, and automakers are starting to fight for it. But if customers like the technology and use their purchasing power to make their demands known, automakers might have no choice but to offer it. And if they don't, there are always workarounds. Why? Mercedes Gives Customers the One Thing They've Always Wanted: Microsoft Teams Mazda Explains Why It Removed the CX-5's Buttons Get the best news, reviews, columns, and more delivered straight to your inbox, daily. back Sign up For more information, read our Privacy Policy and Terms of Use . Gallery: Aston Martin's Apple CarPlay Ultra 14 Source: Aston Martin Source: BMW Blog Share this Story Facebook X LinkedIn Flipboard Reddit WhatsApp E-Mail Got a tip for us? Email: tips@ Join the conversation ( )
Bloomberg
28 minutes ago
- Bloomberg
BP's Castrol Unit Gets One Rock Bid as Most Suitors Drop
One Rock Capital Partners, a US mid-market private equity firm, is one of the few remaining bidders for BP Plc 's Castrol lubricants business, people familiar with the matter said, illustrating the potential challenges for the key asset disposal by the oil major. Several big-name energy companies and financial suitors have dropped out and valuation expectations have slipped, according to the people, who asked not to be identified as the information is private. One Rock is bidding for the entire asset, while Canada Pension Plan Investment Board is only interested in taking a minority stake, the people said.
Forbes
28 minutes ago
- Forbes
Meme Stock Craze Returns: These Struggling Companies Are Soaring Thanks To Retail Traders
Shares are surging for companies Krispy Kreme, GoPro, Beyond Meat and more thanks to a resurgence in the ''meme stock' craze that kicked off earlier this week with Opendoor Technologies skyrocketing, as retail investors look for quick profit among some of Wall Street's laggards. LONDON,ENGLAND - June 2023: Krispy Kreme Doughnuts store sign External Store Sign London, England. ... More (Photo by) Getty Images 'Meme stocks,' a term popularized during the Gamestop (GME) stock frenzy of 2021, are companies that attract a cult-like following that can lead to volatile swings in stocks as retail traders swiftly move to invest. More than 140 million Krispy Kreme shares had been traded as of just after 2 p.m. EDT on Wednesday—outpacing its normal volume by 26 times—after it shot up 27% on Tuesday. GoPro had 54 times its normal trading volume Wednesday afternoon, a day after the stock soared 41%. Kohl's, which rose 38% on Tuesday, placed third as the most trending ticker on Stockwits that same day, a social media platform focusing on retail investors. Krispy Kreme was up 4.1%, GoPro 8.4% and Kohl's down 15.1% on the day as of Wednesday afternoon. GoPro's recent surge has turned the stock around to put it up 40% on the year, while Krispy Kreme and Kohl's are still down year to date, despite indexes rising to all-time highs. Meme stocks are often struggling companies that gain viral popularity across social media, as many users share nostalgic memories of the brands, with the viral trends translating into often unprecedented stock price rises—and subsequent falls as investors cash in. Reddit, and more specifically the r/wallstreetbets subreddit, has historically been the focal point for buzz around meme stocks, but discourse also takes place on X and Facebook. The latest craze started in early July with the stock of Opendoor Technologies, an online real-estate, increasing 600% thanks to social media attention. Crucial Quote Danial Burnside, a financial analyst and professor at the University of Rochester, told Forbes that 'with companies like Kohl's, GoPro, Rocket — you're not investing in fundamentals, you're betting on crowd psychology and social media dynamics,' adding 'Researchers don't have good models for this.. you can't rely on any good economics to guide you here.' If someone decides to invest in a meme stock, Burnside encourages potential investors to 'keep it small.' 'No more than, say, 5% of your portfolio,' he added. 'It's speculation, not strategy. If you can't afford to lose it, you can't afford to meme it.'
