UK house prices set to drop as sales plummet during pandemic April 6, 2020 UK house prices are set to fall three per cent this year as market activity grinds to a halt during the coronavirus crisis, forecasts published today revealed. House sales are expected to plunge 38 per cent year on year to 734,000 transactions assuming the current lockdown remains in place until the end of May, according [...]
Coronavirus: Union bosses likely to put Tube strike on hold March 16, 2020 Union bosses have indicated they will delay a planned Tube strike during the coronavirus outbreak, after meeting with Transport for London (TfL) today. Members of the train drivers’ union Aslef last week voted to go on strike over a pay dispute. However, it appears the union, which has 2500 Tube drivers, is prepared to suspend [...]
UK house prices: Growth hits seven-month high November 28, 2019 UK house price growth ticked up this month, showing the strongest annual rise since April. However, annual house price growth remained below one per cent for the 12th month in a row at 0.8 per cent, reaching an average price of £215.734. House prices were up 0.5 per cent month-on-month, according to the latest Nationwide [...]
Greggs swings to £65m loss during coronavirus crisis July 28, 2020 Greggs swung to a loss of more than £65m for the six months to 27 June after Brits tried their own hand at baking during lockdown, it revealed today. The results Greggs swung to a pre-tax loss of £65.2m, down from a profit of £36.7m in the same period last year. Total sales for the [...]
UK to open two more Nightingale hospitals to deal with coronavirus cases April 3, 2020 The UK will open two more Nightingale hospitals to handle the rising number of coronavirus cases, as the first opened at London’s Excel Centre today. The new Nightingale hospitals in Bristol and Harrogate will provide 1,500 extra beds for patients afflicted by coronavirus. So far the outbreak has killed 2,921 people in the UK. The [...]
No smoke without fire in BAT boardroom, Vereker charms the CBI and Nationwide’s 10x deal September 21, 2018 No prizes for guessing what the directors of British American Tobacco (BAT) are smoking – it’s all about next-generation products these days. Still, the owner of Lucky Strike and Dunhill believes there’s enough life in its core portfolio to sound an optimistic note about the future of the business under its next chief executive. Like [...]
No smoke without fire in BAT boardroom, Vereker charms the CBI and Nationwide’s 10x deal September 21, 2018 No prizes for guessing what the directors of British American Tobacco (BAT) are smoking – it’s all about next-generation products these days. Still, the owner of Lucky Strike and Dunhill believes there’s enough life in its core portfolio to sound an optimistic note about the future of the business under its next chief executive. Like [...]
New FCA boss to hold crisis coronavirus meeting with banks March 29, 2020 The interim boss of the City watchdog is set to hold crisis talks tomorrow with the Bank of England and the heads of the high street banks to try and plot a course through the economic chaos triggered by coronavirus. Chris Woolard said he wanted the industry to work out how to protect people unable [...]
Shakespeare: The pandemic is changing the retail market, even online April 8, 2020 Lockdown has created a difficult situation for retailers of goods that are deemed ‘non-essential’ as brands try to adhere to social distancing guidelines for employees while balancing the need to continue trading. Some Brits have taken to social media to argue that ordering non-essential items online creates unnecessary risks for warehouse employees. But encouragingly for [...]
Number of coronavirus cases in US overtake Italy and China March 27, 2020 The US has become the global epicentre of the coronavirus outbreak, as the number of confirmed cases surpassed China and Italy. The US has more than 86,000 positive tests, surpassing China’s 81,782 cases and Italy, the epicentre of the outbreak in Europe, which has confirmed 80,589 cases. However, the death toll in the US, which [...]