The Notebook: Metro Bank’s cost-cutting drive spells trouble for challengers March 19, 2024 Victoria Scholar takes the Notebook pen to talk Metro Bank's troubles, relief in China and swoops for Selfridges.
Weathering pandemic storm: UK ad exports hit £11.7bn despite global disruption March 17, 2022 New data has revealed that international trade in UK advertising and market research services was worth £11.7bn in 2020, sustaining the same level as the pre-pandemic conditions of 2019.
Persimmon reaps rewards of climbing house prices as profit and revenue inch higher March 2, 2022 Persimmon pre-tax profit has risen by more than £180m in the past 12 months, as new home completions and average selling prices rise. The housebuilder completed 14,551 homes in the year to 31 December, up from 13,575 in 2020. While the average selling price of homes has also increased by more than £6,500 to £237,078, [...]
Forced sale for £1: Govt attempt to unwind £8bn privatisation deal by forcibly buying back 57,400 properties is turning ugly February 3, 2022 The Ministry of Defence has been given “two weeks” to avoid legal action by Annington Homes as the government seeks to unwind one of the Government’s biggest ever privatisation deals. Annington, a portfolio of 57,400 military properties, valued at more than £8bn this year, was sold off by the MoD in 1996 in a move [...]
E-bike firm Cowboy raises $80m as it rides urban mobility boom January 27, 2022 Electric bike startup Cowboy has announced an $80m funding injection as it rides a boom in demand for electrical bikes across Europe.
Nationwide to triple deposits for first-time buyers June 17, 2020 Nationwide is to triple its minimum required deposit from first time buyers for mortgages, as it steadies itself to avoid a crisis should the economy worsen. The country’s second largest mortgage lender said it would be increasing its minimum deposit from five per cent to 15 per cent, withdrawing loan deals for new customers. “The [...]
Gen Z may love reading, but that won’t save the UK’s struggling libraries February 28, 2024 Gen Z are making reading cool, but that won't help the widespread crisis facing UK public libraries, writes Anna Moloney.
Belgium tightens coronavirus measures following spike in infections July 23, 2020 Belgium is set to tighten its coronavirus containment measures following a sharp spike in infections, Prime Minister Sophie Wilmes announced today, with face masks and tracing measures set to be made compulsory. The European country reported a 91 per cent hike in new infections last week, forcing the government to U-turn on plans to relax [...]
Week ahead: City eyes cladding bill impact on house builders’ bottom lines April 24, 2022 Signs of the negative impact of the government turning to home builders to fix the cladding crisis is likely to draw City traders’ gaze in a week of jam packed corporate and economic announcements. London’s capital FTSE 100 index dipped 0.78 per cent to 7,521.68 over the last week, while the mid-cap domestically-focused FTSE 250 [...]
Back to 2007: UK house prices rise for every region and buyer type October 18, 2021 It’s a full house for the UK home buying market, with property prices rising last month in every region of the UK, London included, and for buyer types ranging from first-timers to those at the wealthiest rungs of the property ladder. In London, the average property price hit £650,683, up another 1.9 per cent on [...]