Bidding war for Morrisons heats up as US private equity giant makes £7bn move August 20, 2021 A fresh £7bn bid for supermarket chain Morrisons has been put forward by US private equity firm Clayton, Dubilier & Rice (CD&R). The deal has been unanimously accepted by the board of the grocer and directors have said shareholders should vote in favour of the takeover at a meeting due in early October. It means [...]
Forget Angelina Jolie: Support bees this week by drinking rum May 21, 2021 If you hadn’t already gathered from the pictures all over the internet of Angelina Jolie covered in bees – well, more of a smattering than a covering to be fair – this week is Bee Awareness Week, when the plight of the bee should be foremost in our minds. Wyre Forest’s eco-distiller Wildjac’s Honey Spiced [...]
Property developer British Land agrees £401m sale of West End offices December 23, 2020 British Land has agreed the £401m sale of a 75 per cent stake in three buildings in the West End to Allianz Real Estate. The portfolio includes three buildings; 10 Portman Square, Marble Arch House and York House, all of which are in Marylebone. As a result of the sale British Land will form a [...]
Inside Sheikh Mohammed’s British property empire April 17, 2021 Sheikh Mohammed, the controversial ruler of Dubai, has become one of the UK’s largest landowners, exceeding that of the Queen’s personal property portfolio. Spanning 40,000 hectares, Sheikh Mohammed bin Rashid al-Maktoum’s properties can be found on the most exclusive streets in London and in the most elusive locations in the Scottish Highlands, according to the [...]
Government slammed for being in ‘an unholy mess’ over Chinese takeover of UK’s largest chip plant July 15, 2021 Former Conservative leader Sir Iain Duncan Smith warned the Government is in an “unholy mess” over its approach to business deals involving China, particularly with regards to the Chinese takeover of the UK’s largest chip plant. He accused ministers of running a “project kowtow” by failing to block the sale of the British microchip manufacturer [...]
UK set for major EU row as Frost prepares to redraw Northern Ireland Protocol July 21, 2021 The UK is set to force another major post-Brexit row with the EU as it prepares to demand significant changes to the Northern Ireland Protocol today. Defacto Brexit minister Lord David Frost will reportedly call for almost all checks between Great Britain and Northern Ireland to be removed to avoid economic and civil disruption. The [...]
Key worker demand for affordable homes boosts sales at MJ Gleeson February 11, 2021 Affordable housing developer MJ Gleeson reported a jump in homes sold in the first half due to demand from key workers and first time buyers. MJ Gleeson said revenue was up 35.8 per cent to £142.6m and profit before tax increased 52.6 per cent to £20.3m. Earnings per share in the six months ended 30 [...]
House prices rebound unexpectedly in February on hopes of stamp duty extension March 2, 2021 House price growth beat expectations last month rising 0.7 per cent month-on-month, according to Nationwide’s latest figures. It brings year-on-year growth to 6.9 per cent from 6.4 per cent in January, beating the consensus 5.5 per cent. It more than offsets the 0.2 per cent monthly decline recorded at the start of the year. No [...]
Wall Street opens higher while the FTSE 250 closes at a new record June 1, 2021 Wall Street opens higher as FTSE 250 closes at a new record
UK house prices grow at strongest pace in four years December 7, 2020 UK house prices soared by 7.6 per cent in the year to November, according to the latest figures from Halifax, as buyers sought more space and tried to beat the end of the stamp duty holiday. House prices rose 1.2 per cent month on month and 7.6 per cent year on year to hit an [...]