House purchase lending jumps to seven-year for October November 12, 2015 Mortgage lending reached its highest level for the month of October in seven years, new data released today shows, as low inflation rates and rising wages helped keep consumer confidence levels high. Overall house purchase lending approvals reached 72,409 in October, up by 5.1 per cent on the previous month and 21.9 per cent ahead [...]
A probe into Premier League broadcast rights has been dropped August 8, 2016 A major probe into the rights to air Premier League football on UK television has been dropped by the regulator. The two-year probe has been drawn to a close after Ofcom decided there was enough progress being made on making more games available to watch while football fans seemed largely happy. The investigation was first launched [...]
UK’s rising population will support the housing market, says Moody’s November 2, 2015 The UK and Ireland’s expanding population combined with both countries’ housing supply shortage and “robust” economic growth will support demand and property prices, Moody’s Investors Service has said this morning. Moody's research comes amid warnings from UBS economists last week that London's property market is on the verge of bubble that could pop soon after [...]
Unleash small developers to reap public sector land sale potential November 24, 2015 Today is a golden opportunity for the government to kick-start a house-building revolution in this country. We are in the midst of a generational housing crisis that necessitates ambition, innovation and creativity if it is to be resolved. Figures from across the political spectrum have got the right ideas on housing and the drive to [...]
My Local formally collapses into administration putting 1,658 jobs at risk June 29, 2016 Convenience chain My Local has formally gone into administration putting 1,658 jobs at risk. The embattled retailer, which is set to shut 90 shops, has appointed KPMG to act as administrators. Formerly owned by Morrisons and called M Local, the supermarket chain was snapped up by Greybull Capital in a deal reportedly worth £25m last year. Morrisons has confirmed [...]
Drink up quick: Sterling drop is a “grave” concern for the wine industry which relies almost solely on imports October 7, 2016 Today's crash in the value of sterling may have left many of us wanting to drown our sorrows. But if you're a wine fan, you might want to drink up quick and make sure you stockpile too while you're at it. While Britain might have been dubbed the "beating heart" of the global wine trade, [...]
Budget 2016: Here are the reactions to Osborne’s announcements on sugar tax, corporation tax, Insurance Premium Tax, Isas, education and growth prospects March 16, 2016 George Osborne has just announced some Budget surprises – a sugar tax, longer school days – as well as an increase in sin taxes on tobacco, alterations to ISAs and savings, and corporation taxes. Here's what analysts are already saying about the chancellor's latest agenda on… Personal allowance David Kilshaw, private clients services partner, EY [...]
City pro Edi Truell says Brexit encouraged him to put together £1 bid for Tata Steel’s UK assets June 29, 2016 Leading City financier, Edi Truell, was encouraged to put together a £1 bid to save Tata Steel's UK assets by Britain's vote to leave the European Union. "Brexit has made the business a lot more attractive to potential buyers… that has certainly enhanced my thinking," he told City A.M. He said Britain would be better able to impose import [...]
The next internet: AppNexus CEO Brian O’Kelley lays out his vision for the programmable age June 13, 2016 At six foot five, there isn’t much which can dwarf Brian O’Kelley. His adtech company AppNexus, which allows marketers and publishers to buy and sell advertising space in real-time, has grown exponentially since its founding in 2007. Today, the firm’s ad-serving infrastructure processes 5m requests per second at peak periods, facilitating an estimated $2bn of transactions [...]
Want to buy a Brighton home? Wait 100 years October 20, 2015 FIRST-time buyers in Brighton are worse off than their London counterparts, according to online estate agents HouseSimple. A resident in the seaside town would need to save for more than 104 years to amass a deposit for a property in the area, based on average salaries and property prices, The average cost of a Brighton [...]