Ferrari on course for €1bn annual profit as supercar demand rises
Worldwide sales of Ferraris, Bentleys, Lamborghinis, McLarens and Rolls-Royces have risen 51% over the past five years
Money
London house prices fall for first time in eight years as rest of UK rises
Average price of home in capital is £471,761, down 0.6% between July and September compared with same period last year
London luxury property prices will stay flat until after Brexit, says Savills
Market sentiment will remain ‘fragile’ amid uncertainty but start to recover towards the end of 2019, forecasts estate agent
Bigger wine glasses make us drink too much, says researcher
Today’s glasses, 450ml compared with 65ml 300 years ago, encourage consumption, Cambridge scientist tells Hay festival
Asking prices for London homes record biggest falls this decade
Average drops are biggest in Kensington and Chelsea at £300,000, but prices are up £58,000 in Southwark, says Rightmove
Global super-rich agreeing to rent luxury London homes without visiting
High-end estate agents say smartphones have transformed lettings and the wealthy are making decisions based on video tours