Marshalls ups trading expectations as it weathers the supply chain storm with revenue up 26 per cent January 18, 2022 Marshalls reported this morning that its revenue was up 26 per cent from 2020 to £589m.
Home transactions settle back to pre-Covid levels with ‘best sellers’ market in decades’ February 22, 2022 More than 85,000 homes changed hands in January, with property transactions up on pre-Covid averages, HMRC data has revealed. Official figures show that the provisional non-seasonally adjusted estimate of UK residential transactions for January 2022 was 85,520. This was 22.2 per cent lower than December 2021. There were seven per cent more transactions than the [...]
The Notebook: Susannah Streeter on Jeremy Hunt, Dua Lipa and the advent of the YIMBYs November 22, 2023 In today's Notebook, Susannah Streeter talks the autumn statement, the NIMBY-YIMBY pipeline and the need for ISA reform.
Demand to buy in London soars thanks to office return September 28, 2021 Demand for homes in London has risen 14 per cent over the last month as Brits rush back to the office. Prospective Londoners appear keener to purchase homes rather than flats, with homes marking an increased demand of 25 per cent compared to a six per cent boost for flats. Average UK house prices have [...]
‘Thousands of jobs at risk’: Bar bosses despair over fresh Christmas rail strikes December 6, 2022 Pub and bar bosses were last night left despairing over a slew of fresh strike dates, which fall over Christmas. Rail union RMT announced three more days of walk-outs on Monday night, with workers set to strike from 6pm on Christmas Eve to 6am on 27 December. Industrial action had already been planned on 13, [...]
Sales tick up as pre-Brexit buying spree gives summer boost to housing market August 19, 2019 Househunters hoping to lock in a deal ahead of the government’s Brexit deadline have driven a surprise buying spree this summer, giving life to the property market’s quietest season of the year. Agreed house sales in August rose 6.1 per cent from the same month in 2018, rising to the highest level at this time [...]
September house prices show ‘last of stamp duty sizzle’ November 17, 2021 UK house prices leapt in the year to September in the run up to the final stamp duty holiday deadline, government figures show. HMRC’s latest house price index shows that house prices climbed 2.5 per cent in September and 11.8 per cent annually. The average price of a property in the UK was £269,945, hitting [...]
Block Russian oligarch from spending frozen funds, High Court told September 27, 2022 The UK’s National Crime Agency (NCA) is seeking to block sanctioned Russian billionaire Petr Aven from using £1.5m in frozen funds stored in bank accounts linked to two companies responsible for managing his central London properties and Surrey estate. The £1.5m funds were frozen by the NCA in May after HSBC and Monzo Bank raised [...]
Luxury resort developer jailed for 12 years over £226m fraud September 30, 2022 A “thrice bankrupt fraudster”, who lost investors almost £400m through a “fatally flawed” Caribbean property scheme, was jailed at Southwark Crown Court today. David Ames, 70, a former double-glazing seller from Essex, was sentenced to 12 years in prison today, after being convicted of defrauding investors of £226m. Ames’ Harlequin property development company collapsed in [...]
King’s coronation steers UK economy back into red as GDP shrinks 0.1 per cent in May July 13, 2023 Lost work owing to the additional bank holiday to celebrate the King’s coronation has sent UK economic growth into reverse, official figures out today reveal. UK gross domestic product (GDP) contracted 0.1 per cent in May, a much smaller drop than the City expected and down from a 0.2 per cent expansion in April, according [...]