How do you replace somebody like Jeff Bezos? February 6, 2021 There are very few CEOs who are household names, and fewer still whose actions, ethics and business acumen are discussed as widely as Jeff Bezos. Jeff Bezos and Amazon are almost interchangeable – he basically is the company which he has worked so hard to build. This week though, the founder and CEO of Amazon [...]
UK house prices face unpredictable blow from coronavirus after March rise April 7, 2020 UK house prices jumped in March, before the impact of the coronavirus lockdown was felt. House prices were up three per cent year on year. However, on a monthly basis, UK house prices were flat. The average UK house price was £240,384 last month, according to the latest Halifax research. However, the outbreak of coronavirus [...]
Galliford Try shares jump as it predicts return to profitability next year September 16, 2020 Shares in Galliford Try jumped even after it reported losses for the second year in a row, as it predicted a return to profitability by 2021. The construction firm was trading 11.3 per cent higher by 9.25am. The figures Galliford Try reported pre-exceptional revenue was down from £1.4bn to £1.1bn,while losses widened to £62.4m. Building [...]
FTSE 100 closes higher after upbeat UK earnings October 20, 2020 The FTSE 100 recovered from an early fall to close in the green after a day of positive quarterly earnings, although residual fears over coronavirus and new restrictions remain. London’s blue-chip index fell 0.3 per cent but crept back through the day to close up by the same margin at 5,899 points. The FTSE 250 [...]
Housebuilder Vistry to cut jobs after acquisition of Galliford Try’s homes unit May 20, 2020 UK housebuilder Vistry warned it will cut more jobs as it continues to consolidate operations following Bovis Homes’ acquisition of and Galliford Try’s residential business. The firm, which was called Bovis until the merger last year, said a consultation on reducing its employee headcount was ongoing, and it expected the cuts to result in annual [...]
US election: Where do Trump and Biden stand on tech issues? October 28, 2020 The bosses of Facebook, Twitter and Google are this afternoon appearing in front of a US Senate committee to face questions over key issues of tech regulation. With tech titans facing increased scrutiny in their home country, the topic is likely to be a key policy issue in the run-up to the presidential election. So [...]
Burger chain Byron heads for administration with 1,200 jobs on the line June 29, 2020 Burger chain Byron is scrambling to find a buyer who can stave off impending financial collapse, save 1,200 jobs, and reopen its 52 restaurants in the UK by mid-next month. The company has filed a notice of intention to appoint administrators, in an attempt to protect it from creditors during talks with potential buyers. Sources [...]
Foxtons shares slip after profit takes Brexit blow February 28, 2020 Estate agent Foxtons has posted a 30 per cent drop in annual profit against the backdrop of last year’s Brexit uncertainty. Earnings before interest, tax, depreciation and amortisation (Ebitda) fell to £2.5m during 2019, a year-on-year decrease of 30 per cent from 2018’s £3.6m. The estate agent narrowed its loss before tax from £17.2m last [...]
Boris Johnson to pump billions into climate change plan and confirms diesel vehicle ban from 2030 November 17, 2020 Boris Johnson has tonight unveiled his 10 point plan for the UK's "green industrial revolution", which he said would create 250,000 new jobs.
UK house prices: Buyer boom sets scene for record-breaking spring February 17, 2020 UK house prices are expected to break records over the coming months as buyer activity outstrips the number of new sellers, according to new research. The average price of property coming to market jumped 0.8 per cent – or £2,589 – this month, just £40 short of a new all-time high. The house price boom [...]