FTSE lender Non-Standard Finance’s chief executive departs August 31, 2021 British lender Non-Standard Finance (NSF) has announced that its CEO John van Kuffeler will today step down, with Jono Gillespie, the company’s CFO, succeeding him. The chairman of NSF, Charles Gregson, said the leadership change was a “long-planned” decision which was “agreed with John Van Kuffeler” in light of the company’s pending recapitalisation and meetings [...]
Oil prices enjoy healthy gains amid easing concerns over Omicron variant December 10, 2021 Oil prices continue to recover from last month’s steep dive with markets increasingly less fearful of the emerging Omicron variant.
Gambling company Rank bounces back quickly following Omicron slump January 27, 2022 Gambling company Rank has marked its return to profitability in the six months ended 31 December, as a result of improved revenue performance in subsidiaries such as casino company Grosvenor as well as bingo firms Mecca and Enracha. After a Covid-induced slump, Rank’s profits went up to £24.1 compared with the £41.2m loss registered last [...]
High Court rules in favour of government’s traffic light travel system July 20, 2021 The High Court has ruled that the government’s traffic light system for travel was not unlawful, in yet another blow for the aviation sector. A collection of the UK’s biggest airlines and airports, including BA owner IAG, Easyjet, Ryanair, and Manchester Airport Group, had challenged the transparency of the system. As a result of the [...]
UK house prices go in reverse as market enters ‘new normal’ December 15, 2021 House prices have entered a ‘new normal’ after dropping 1.1 per cent between the end of the stamp duty holiday in September and October of this year. However, prices are 10.2 per cent higher year on year, marking the third month where annual growth has hit double figures. Year-over-year growth dropped from 12.3 per cent [...]
Firms could be forced to get rid of staff without clarity on further financial support December 14, 2021 Retailers and hospitality bosses have reiterated calls for fresh financial support measures as trade is hit by Omicron restrictions ahead of Christmas. Businesses said consumer confidence has been hit by the latest headlines, with shops reporting reduced footfall and pubs seeing cancellations of bookings. Londoners are bunkering down in a bid to ensure they can [...]
Mortgage approvals snap back following mini budget chaos, but net lending at lowest since 2016 March 29, 2023 Mortgage approvals have improved for the first time since August, as the market begins to shake off the stress of the mini-budget, however experts have warned that the housing market will “remain price sensitive”. According to the Bank of England’s Money and Credit report for February, net mortgage approvals for house purchases increased to 43,500 [...]
Analysis: UK more bullish on energy sanctions with EU’s Russian dependency raising supply fears February 27, 2022 The West has ramped up sanctions against Russia but only the UK appears eager to push for new limits to Russian energy supplies.
Crans Montana: skiing with Eddie The Eagle at the City Ski Championships November 21, 2022 The annual City Ski Championships in Crans Montana is billed as an opportunity “to network, entertain clients and bond with colleagues surrounded by stunning mountain scenery”. In reality, the event is way less about networking and way more about hanging out with celebrities and testing your skiing out to the max. It’s a high octane, [...]
Central London continues to feel impact of Plan B measures January 10, 2022 Central London has suffered another blow to its recovery as shoppers stay away from the city’s retail hotspots. Footfall in the West End and other areas dropped by more than a quarter (25.6 per cent) last week compared to the week before. “With employees continuing to work from home the drop in footfall in Central [...]