Value of London homes sinks as red hot mortgage rates continue to rattle market July 6, 2023 Some 68 per cent of west London homeowners have seen the value of their property decrease since last November, new data shows, as soaring mortgage rates and a difficult buyer market rattle the capital’s housing sector. As buyer confidence falls due to red hot mortgage rates 7,000 homes across west central London decreased in value [...]
Royal Bank of Scotland wants to speed up privatisation by buying back government shares January 18, 2019 The Royal Bank of Scotland (RBS) wants to buy back shares from the government in a bid to speed up the company's privatisation. The bank has proposed the move by tabling a special resolution that will seek permission to make off-market share purchases from the treasury. It will allow the lender, which is currently 62 [...]
Why the ‘mood music’ surrounding the housing market outside London has changed February 27, 2024 An influx of new residents into Manchester, Birmingham, Leeds, Bristol, Edinburgh and Glasgow helped the housing market remain resilient during 2023, according to a new report.
Rocket firm Orbex pockets £40m from investors ahead of UK launch October 18, 2022 British rocket firm Orbex has pocketed £40.4m in its latest funding run, as it gathers resources in the count down to its first vertical launch from UK soil in November. The Series C funding round, led by new investor the Scottish National Investment Bank, will also help the company fund future projects. Orbex, which has production and [...]
Lidl joins Sainsbury’s, Tesco and Primark to shut shops for Queen’s funeral September 12, 2022 Top supermarkets and retailers including Lidl, Waitrose and Sainsbury’s are set to shut their UK stores on the day of Queen Elizabeth II’s funeral. Major retailers B&Q and Primark will also close shops for the bank holiday to mark the Queen’s state-funeral next Monday. Some supermarkets are also working on plans to cut some of [...]
Ed Warner: Boxing hits right notes in delicate dance between solo and team sport June 6, 2024 Frank Warren and Eddie Hearn are nothing if not entrepreneurial. Expect Queensberry 10-0 Matchroom to be just the start.
Government must get a grip on risks to key infrastructure from climate change October 27, 2022 The Government must get a grip on the risks posed by the effects of climate change on infrastructure, warned a Westminster committee.
Snakes and Ladders: Who is moving jobs in the City this week? October 28, 2020 Snakes and Ladders provides a roundup of the most important hires and job moves across the City, every Wednesday afternoon. Email citymoves@cityam.com to be featured. City firms are continuing to adapt to the challenges and opportunities presented by the pandemic as they vie to be in prime position to recover from the economic fallout of the crisis. This [...]
Alistair Darling dies aged 70: Heartfelt tributes paid to ‘one of the great chancellors’ November 30, 2023 Former Labour Chancellor Alistair Darling has died aged 70, his family have confirmed.
Fintech ‘innovation hubs’ set to launch around the UK in levelling up push February 28, 2023 A host of “innovation hubs” are set to be launched in cities across the UK today as part of a Treasury-backed plans to boost the growth of fintech beyond London. The hubs have been announced as part of the launch of the new Centre for Finance, Innovation and Technology (CFIT), a key recommendation of the [...]