Black Friday 2016: Customers of this lender are spending £32,000 a minute November 25, 2016 Nationwide card holders are spending £32,000 a minute in the Black Friday sales. The building society said that between midnight and 8:30am today customers had shelled out £16.3m, an increase on last year's spend. Read more: The best Black Friday deals on consoles and games More than 400,000 transactions have taken place – up 50 per cent [...]
How to build a hipster housing development in ten days September 19, 2016 Mike, 32, works as an accountant for an international development charity, but, despite having a healthy salary, he cannot afford a house in London. His story is unremarkable. Londoners have come to accept that owning a home is an ambition for later in life if they don't have help from relatives. Millennials like Mike aren't in desperate circumstances, but [...]
Sadiq Khan’s plans to build affordable homes on TfL land have been thrown into doubt by questions over the sales process August 22, 2016 Sadiq Khan's hopes of forcing developers to build up affordable homes on former Transport for London property have been put in doubt by requirements on getting value for money on land deals. Khan was elected on a pledge of making sure that half of new homes would be affordable, and the sale of TfL land [...]
Sumo Digital bought by small and medium-sized business investment specialist September 11, 2016 A private equity fund focussed on investing in the north of England made a healthy return by selling the video game developer behind Sonic and Sega All Star Racing. NorthEdge sold Sumo Digital to London-based private equity house Perwyn. Read more: Struggling retailer Game Digital's stock dips after new chairman appointed The sale sees NorthEdge realise a return that [...]
Meet the serial entrepreneur building P2P energy company Squeaky March 13, 2017 That was the worst choice of name ever,” admits serial energy entrepreneur Chris Bowden, as I add an extra syllable to “Utilyx”, his first company, which he sold to Mitie in 2012 for £16.2m. Founded in 2000, it became the largest energy broker for commercial and industrial consumers and independent power producers. “When we started, [...]
Why more private developers are looking to buy up the air rights above your building and make a fortune September 28, 2016 It isn’t hard to find a property expert claiming the future of the London housing market is up in the air. But there’s a growing band of developers who agree with them, albeit in a more literal sense. Smaller housebuilders have to get creative when looking for viable development opportunities, and for an ambitious few, [...]
MPs to leave Parliament for six years while it gets a face-lift August 6, 2016 MPs are set to clear out of Parliament while it gets refurbished over a six-year period. According the The Times, politicians will be leaving their historic headquarters and moving into the Department of Health at Richmond House, where MPs will not be able to buy booze. The building is owned by financiers from the Middle East [...]
MPs vote to strip Sir Philip Green of his knighthood October 20, 2016 MPs have voted to strip Sir Philip Green of his knighthood. MPs have been debating the collapse of BHS in the House of Commons. The amendment to take Green's knighthood was supported by over 110 MPs. The vote is not binding, and the ultimate decision over his knighthood will be taken by the honours forfeiture committee. Read more: [...]
Reach stunning landscapes, luxury hotels and the national speed limit driving in the Scottish Highlands February 20, 2017 The soul-crushing experience of driving in London can be enough to grind down even the most dedicated fan of cars. No matter how many horses are hiding under the bonnet, they’re not much use if you’re crawling along at 4.8 miles per hour. That’s why Scotland’s North Coast 500 is such a tantalising prospect – [...]
New homes on sale in London: from riverside homes in Woolwich to an old furniture factory in Hackney October 7, 2016 Royal Arsenal Riverside, Woolwich From £422,500 The first homes with a view of the river are on sale at Berkeley Homes’ new scheme. The 20-storey building also overlook a new four-acre Waterside Park that connects Woolwich Town centre to the river path. In total, there are 266 studio to three bedroom flats on sale at [...]