UK mortgage approvals plunge to record low as coronavirus hammers economy June 29, 2020 UK mortgage approvals fell further to hit a record low in May as the coronavirus pandemic continued to hit the housing market, according to the latest Bank of England figures. Some 9,300 new loans for houses were approved last month, down from April’s 15,900. Economists polled by Bloomberg had been expecting 25,000 approvals for May. [...]
Kremlin cronies face more sanctions while furious Putin fires eight generals: ‘Clusterf**k’ invasion not going well’ March 15, 2022 More family members of Russian oligarchs can expect to be targeted with sanctions, a UK official said this afternoon. The official, asked about the potential to sanction family members of Russian elites, said: “Yes, there is actually quite a wide range, out of the 370, who are family members. “There is a number of members, [...]
John Lewis exclusive: ’40 per cent of our profits will come from non-retail by 2030′ June 11, 2021 High Street giant John Lewis looks back on a difficult year. In March, the 157-year old partnership announced it would not reopen eight stores after lockdown restrictions eased, putting almost 1,500 jobs at risk. The value of John Lewis stores dropped to almost half the value they were before this year’s and last year’s writedowns, due [...]
Sophia the robot to become next NFT sensation March 15, 2021 Roboticist Dr David Hanson and artist Andrea Bonaceto this morning announced the launch of the first ever Sophia the Robot NFT digital artworks.
Knight Frank launches auction business to battle coronavirus uncertainty September 9, 2020 Estate agent Knight Frank has launched an auction business to help clients sell homes faster during the heightened period of uncertainty caused by the coronavirus pandemic. The property consultancy announced this morning that it will hold seven sales in total, with the next one held on 22 October, following a successful trial in July. Further [...]
Dame Sharon White: It is too early to predict the end of the high street October 15, 2020 Dame Sharon White has said it is too early to sound the death knell of the British high street even as she outlined further plans for the John Lewis partnership to move online. Speaking to the Times CEO summit, White said the “death knell for the High Street is rather premature”, just months after cutting [...]
McLaren puts iconic Woking HQ up for sale for £200m September 10, 2020 Sports car maker McLaren has put its iconic headquarters near Woking in Surrey up for sale in a bid to shore up its balance sheet amid the ongoing coronavirus crisis. Sky News first reported that the firm has instructed property agent Colliers to begin marketing a sale-and-leaseback of the McLaren Technology Centre, with offers in [...]
House of Fraser suffers 60 per cent sales drop in run-up to Christmas January 21, 2019 House of Fraser has reportedly suffered a dive in sales over the crucial Christmas trading season, in a fresh sign of the woes facing the beleaguered department store chain. Year-on-year sales plunged 60 per cent in the 12 weeks to 18 December, according to Kantar Worldpanel figures reported in The Sunday Telegraph. It is the [...]
Property of the Week: House designed by Sir David Adjaye in King’s Cross is on sale with internal fish ponds and gardens February 22, 2019 If you’ve been meaning to drop into the Design Museum for the new Sir David Adjaye exhibition, consider this week’s Property of the Week a taster of what’s to come. This three bedroom house was created by the British architect, who was the lead designer of the National Museum of African American History and Culture [...]
Domino’s appoints permanent finance chief as boardroom shake-up goes on September 2, 2020 Neil Smith has been made the permanent finance chief of takeaway chain Domino’s as the pizza house bolstered its board with a number of new appointments. Smith, who has served as the interim chief financial officer since joining in April, replaces David Bauernfeind, who died in a snorkelling accident last year. Prior to joining the [...]