UK house prices hit ‘hat-trick’ new high, climbing more than £5.5k since March April 25, 2022 The average price of a home has hit its third record high in just three months, as spiralling costs dampen the hopes of Londoners looking to climb the ladder. Prices have jumped 1.6 per cent since March – the equivalent of £5,537 – to £360,101 on average across the UK, according to Rightmove today. With [...]
‘Single largest heist in history of the world’: Ex Goldman banker jailed for 10 years over 1MDB Malaysia looting plot role March 10, 2023 A former Goldman Sachs banker has been sentenced to 10 years in prison for his role in looting a Malaysian development fund of billions of dollars used to finance lavish parties, a superyacht, premium real estate and even the 2013 film The Wolf Of Wall Street. Roger Ng was convicted last April by a US [...]
Government weighs up plans to float Channel 4 on the stock market April 10, 2022 Culture secretary Nadine Dorries is considering plans to list Channel 4 on the stock market as an alternative to selling it to a rival broadcaster. Officials in the Department for Digital, Culture, Media & Sport (DCMS) are working with JP Morgan on plans to float the TV network in London, after Dorries set out plans [...]
PE firm TriSpan acquires Pho restaurants after Gresham House Ventures exit August 3, 2021 TriSpan has acquired a significant majority stake in UK Vietnamese restaurant group Pho, after Gresham House Ventures exited its investment in the chain on Monday. The global PE firm has invested in Pho through its dedicated restaurant fund Rising Stars. It represents the fund’s third investment in the UK, following Rosa’s Thai Café and Thunderbird [...]
City of London ranked number one for planning application approvals nationally March 22, 2022 The City of London has topped the charts for approved planning applications in the country with almost 99 per cent. Research based on eight years of data from the government’s housing ministry looked at hundreds of districts across the UK, with the heart of the capital emerging as the best place to do up your [...]
Rolls-Royce defies pandemic with record sales and exotic Coachbuild cars January 17, 2022 The new Ghost drove growth for Rolls-Royce in 2021, as the British marque established a bespoke new 'Coachbuild' division.
Insolvencies at ‘jaw dropping’ level as debt industry warns UK economy ‘is not out of the woods yet’ April 18, 2023 More companies in England and Wales entered insolvency during March than at any point since monthly records started three years ago, according to official data that showed a 16 per cent increase on a year ago. The Insolvency Service reported 2,457 corporate insolvencies last month, up from 1,784 in February. The rate of companies falling into insolvency [...]
Rising construction costs will led to further house price growth September 30, 2021 House prices are expected to further soar thanks to increasing construction costs. Annual house price growth eased to 10 per cent in September, from 11 per cent in August, according to Nationwide Building Society. London was the weakest performing area of the UK in the third quarter of 2021 while the average UK house price [...]
Burberry’s profits powered by soaring Americas sales November 11, 2021 British fashion house Burberry has been revived by rising revenues across the Americas, as full-price sales in the region nearly doubled in the first half of the year. Revenues in Europe remain 31 per cent down like-for-like on last years figures, while sales remain flat in Asia Pacific region. However, the firm is maintaining its [...]
US Federal Reserve to back up monster rate hike with another 75 basis point move July 25, 2022 The US Federal Reserve will back up its monster rate rise last month with another big 75 basis point hike this week as it chases down scorching inflation across the pond. That’s according to Wall Street analysts, who think Fed chair Jerome Powell and the rest of the federal open market committee (FOMC) will need [...]