Asparagus season: How to cook it like a pro March 22, 2023 Asparagus season came nine weeks early this year, so now is a great time to get stuck into one of the great British veggies. This simple but delicious recipe from Paul Ainsworth brings out the best in the asparagus and will be a sure-fire hit if you serve it for guests. Wye Valley Asparagus, Seaweed [...]
£12m in remortgages and drawdowns every single day: Homeowners release record £4.4bn in property wealth January 19, 2022 Older homeowners released a record £4.4 billion in property wealth last year at a rate of more than £12 million a day as customers helped family and secured their own finances by repaying debt or remortgaging existing borrowing, according to new data. Around one in five equity release plans (19 per cent) taken out in [...]
Inflation might be the only cure for our bubbly housing market June 8, 2021 House prices in the UK (and many other parts of the world) are soaring, squeezing affordability yet further. Rising inflation looks like the most obvious candidate to prick this bubble. House prices in the UK rose by 10.9% in the year to May. That’s the most rapid growth seen in almost seven years, according to [...]
60 per cent of all properties sold in London hit by down valuations August 31, 2021 Nearly 400,000 UK property transactions have been down valued in the last year alone, according to research by London property agent Benham and Reeves, shared with City A.M. this morning. At 59 per cent, London is home to some of the largest levels of down valued homes of all UK areas and it also ranks third [...]
We must stand united with Ireland and our European partners in this time of crisis February 28, 2022 At a time when tensions across Europe are at the highest they’ve been for a generation, it is critical for like-minded allies to work together in close partnership. That will be my message when I cross the Irish Sea and return to my roots in Dublin this week. Strengthening financial and professional services links following [...]
Lidl promotes Ryan McDonnell to UK CEO November 26, 2021 Supermarket Lidl has announced current UK CEO Christian Härtnagel will become chief executive at Lidl Germany, while Ryan McDonnell will be promoted to lead the group’s UK operations. McDonnell, who left a family business in construction for Lidl’s graduate scheme in 2000, set up the company’s buying and marketing divisions. The supermarket business, which [...]
It’s official: Coronavirus killed UK house prices’ Brexit recovery April 22, 2020 Signs of recovery in UK house prices at the start of the year have been brought to an abrupt halt by the coronavirus crisis. Figures from the Land Registry and the ONS show inflation fell back to 1.1 per cent in February after climbing to an eight-month high of 1.5 per cent in January. The [...]
Housebuilders drag London markets down as investors flee stocks January 24, 2022 London markets took a beating yesterday driven lower by most sectors tumbling as investors fled stock markets on US Fed rate hike fears. The capital’s premier FTSE 100 index closed 2.63 per cent lower at 7,297.15 points, while the domestically-focused FTSE 250, which is more aligned to the health of the UK economy, lost 3.64 [...]
City should brace itself for €900bn Brexit hit if Brussels plays clearing politics September 17, 2021 The City and several financial services groups in Brussels are lobbying for an extension to clearing house access beyond June of next year. Yesterday, a trio of major lobby groups for Europe’s finserv sector called on Brussels to extend the EU’s access to London clearing houses amid warnings of financial instability. The groups wrote to [...]
Cazoo bets on Derby as part of brand-building sports sponsorship push May 30, 2022 AS THE three year olds round the bend at Tattenham Corner in this Saturday’s Epsom Derby, they’ll be roared home by a crowd of tens of thousands, forced to miss the last two iterations of the famous race due to Covid-19 restrictions. But while the noise will certainly be different this year, one thing won’t [...]