Twitter, Uber and Disney: What to expect in the latest round of tech earnings February 9, 2021 Twitter, Uber and Disney will all be under the spotlight as they report fourth-quarter earnings this week. Facebook, Apple, Amazon, Netflix and Google (known as the FAANGs) all closed the year with bumper results as the tech titans continued to cash in on the pandemic. But it will be a more complicated picture for Twitter, [...]
London property: Number of new homes on the market drops across all boroughs April 20, 2020 The London property market has been hit by the UK’s coronavirus lockdown, with all boroughs suffering a sharp decline in the number of new homes on the market. Outer boroughs such as Hillingdon and Bromley have seen the steepest drop, with the number of new homes for sale falling 91 per cent since restrictions were [...]
January deals flat as uncertainty weighs on housing market February 21, 2019 Buyers and sellers in Britain’s housing market remained subdued in January, as stamp duty and Brexit uncertainty added to the traditional New Year slowdown. Data released this morning from HMRC has found that residential deals nudged up by 0.8 per cent between December and January, marking a 1.3 per cent rise on the same period [...]
Playstations and yoga mats: Online shopping surges amid UK lockdown April 5, 2020 Online shopping has boomed in Britain since the country entered coronavirus lockdown, with households buying games consoles to pass the hours and yoga mats to keep fit and healthy while movement is restricted. Transactions at major online UK retailers are at 170 per cent of their seasonal average, according to internet advertising firm Criteo. Brits [...]
Corona Impact Series: How a Chiswick energy startup grew up fast during the pandemic January 6, 2021 In this series, City A.M. looks at the financial and economic impact of the ongoing pandemic on a range of small and medium-sized businesses across London. This week: how a small West London-based supplier of green energy thrived during last year’s lockdowns. The pandemic story of So Energy in Chiswick certainly bucked the national trend last year. Only [...]
UK house prices: Brexit clouds lift, but coronavirus threat looms March 6, 2020 UK house prices rose 2.8 per cent in February compared to the same month last year, Halifax data showed today. Homes’ values increased 0.3 per cent month on month and 2.9 per cent on a quarterly basis, Halifax’s House Price Index found. That left the average UK house price at £240,677 in February. But while [...]
Revealed: The London boroughs with the most new build homes January 14, 2020 The City of London has the biggest proportion of new build housing stock compared to the other boroughs in the capital, according to the latest research. In total, 28 per cent of the property currently listed for sale in the Square Mile falls into the new build sector. Read more: UK housing market stable despite [...]
A property wealth tax is the only fair way to pay for the Covid-19 crisis July 28, 2020 Two years ago, the director of the Office for Budget Responsibility wrote the following: “Broadly speaking, the fiscal position is unsustainable if the public sector is on course to absorb an ever-growing share of national income… The baseline projection in each of our reports — since the first was published in 2011 — has pointed [...]
UK house prices: Post-election surge breaks records January 20, 2020 The decisive result of the General Election sparked a record-breaking surge in UK house prices in December and January, in the latest sign that the UK housing market has been revitalised by a “Boris bounce” There was a 2.3 per cent monthly surge in the average price of property coming to the market between 8 [...]
Boris Johnson calls on the private sector to rebuild Britain after Covid October 6, 2020 Boris Johnson has vowed a complete post-Covid transformation of Britain that will be driven by the private sector and the free market. The Prime Minister’s Conservative party conference speech outlined the government’s vision of a new Britain by emphasising improved infrastructure, fixing the country’s housing shortage, investing in wind power and increasing skills for young [...]