Weston Homes sets aside £50m to make London flats more eco friendly June 13, 2022 One of the UK’s largest housebuilders, Weston Homes, has set aside £50m to make all its houses in London and the South East more eco-friendly – in a bid to take advantage of “green premiums”. This will involve the fitting of heat pumps, solar panels and electric vehicle charging points, in and around 7,500 homes, [...]
CMA launches probe into music streaming market January 27, 2022 UK competition watchdog launched a study this morning asking whether the music streaming market is working well for music lovers. In the UK, more than 80 per cent of recorded music is now listened to via a streaming service rather than using traditional physical media like CDs and vinyl. Linking the creators making the music [...]
Why the Bank of England and Fed could welcome Credit Suisse and Silicon Valley Bank failures March 28, 2023 There’s been reams and reams of wild predictions about whether we’re slipping into another financial crisis, triggered by the collapse of US tech lender Silicon Valley Bank (SVB) and Credit Suisse’s arranged marriage with its crosstown rival UBS. Blackrock chief Larry Fink even warned in his annual letter to shareholders we’re slipping into a slow [...]
Energy saving measures could provide £7bn boost to UK economy September 20, 2022 A Government backed programme to insulate homes could inject £6.8bn into the economy by the end of the decade, says Greenpeace.
Sadiq Khan to create £90m City Hall green bond programme February 15, 2022 Sadiq Khan will issue City Hall green bonds as a part of a £90m programme intended to boost the UK’s investment in green infrastructure. The new programme, which will be in the mayor of London’s £16bn+ 2021-22 Budget, will see £86m spent on the green bond programme and a further £4m spent on developing “high-impact [...]
Estate agent Purplebricks shares topple after drop in supply November 4, 2021 Online estate agent Purplebricks’ shares plummeted following a trading update highlighting a drop in supply in the market. In an update on Thursday, the estate agent said for the six months ended October 31, the market had been “challenging.” Its share price dropped more than 35 per cent on Thursday morning. “New instructions have slowed [...]
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. [...]
City sitdown: Private equity should learn to be more emotional, argues City grandee October 5, 2022 Whether you like it or not, private equity is a significant part of the UK economy and accounts for almost 50 percent of all deal value, double the level from just five years ago, according to a recent deal analysis from PwC. Its fingerprint has been all over household names including Asda, the AA, Morrisons and [...]
HSBC shares sink to bottom of FTSE 100 despite profits topping City forecasts October 25, 2022 HSBC’s profits slid over 40 per cent in the third quarter of the year as it was hit by rising loan losses and hefty charges relating to the sale of its French retail business.
Lloyds profit beats forecasts on pandemic mortgage boom October 29, 2020 Lloyds posted a forecast-beating profit for the third quarter as Britain’s biggest domestic lender cashed in booming demand for mortgages and set aside a smaller amount to cover bad loans. The bank returned to profitability in the three months to September after posting an unexpected loss in the first half. Lloyds reported a pre-tax profit [...]