British Steel preferred buyer will be decided in coming days August 8, 2019 Business secretary Andrea Leadsom is poised to announce the government’s entrance into exclusive talks with its preferred buyer of stricken industrial firm British Steel. Leadsom held a conference call with the three potential buyers still in the race earlier today, telling them one would be chosen in the coming days. Read more: British Steel’s collapse [...]
Focus on Teddington: This laid-back suburb is home to families, first-time buyers – and the odd seal October 18, 2019 Teddington is located on the banks of the River Thames between Hampton Court Palace and Twickenham, but it doesn’t have the royal or sporting connections of its neighbours. Instead, this leafy, laid-back suburb’s biggest landmark is its lock – the lowermost on the Thames, don’t you know – where a lost seal crops up every [...]
Focus on Twickenham: leafy suburb offers better value than its riverside neighbours Richmond and Putney July 15, 2019 If you were a wealthy member of 18th century London society set looking for a fashionable spot on which to locate your sprawling pad, Twickenham was the place to be. The south west London district – then part of Middlesex – was chosen for the purpose by poet Alexander Pope as well as Horace Walpole, [...]
Spring in sight for Four Seasons with takeover deal September 11, 2019 Residents at Four Seasons care homes may see light at the end of the tunnel tomorrow as it looks posed to announce a deal with H/2 Capital Partners to take over most of the sites. The US hedge fund is set to take on 185 of the company’s 320 care homes and continue to run [...]
Risk of missing housing targets if modern methods are not embraced July 3, 2019 An influential group of MPs has warned the government that it risks missing its target to build 300,000 homes a year by the mid-2020s if it does not shrug off a reliance on traditional construction methods. Fears over a current shortage of housing have been underlined in a new report from the housing, communities and [...]
Sports Direct’s Mike Ashley makes move for Links of London September 9, 2019 Retail magnate Mike Ashley is hoping to ramp up his high street spending spree after putting in an offer for troubled jewellery group Links of London. The Sports Direct owner is tabling a bid to snap up the retail outlet, according to Sky News, which has reported that Ashley is one of two final bidders [...]
Storm in a teacup as Yorkshire Tea wins Twitter February 26, 2020 The story was predictably silly: Tory Chancellor Rishi Sunak poses with a big bag of tea, and anti-Tory Twitterati say they will never drink that brand again, dropping a fair few expletives in their ranty responses to a completely imagined outrage. What have we learnt from this storm in a Yorkshire Tea cup? On the [...]
Prospective buyers eye up London housing market July 11, 2019 Prospective house buyers are eyeing up the London property market as enquiries rise for the first time this year. Net first time buyer enquiries reached the highest number since 2016 last month in a sign that the London sales market is settling down. Read more: Investor enthusiasm for UK commercial property slumps In June, 23 [...]
City Moves for 19 July – Who’s switching jobs at Lloyds Bank, Young’s and R3? July 19, 2019 Today’s City Moves includes Lloyds Bank, Young’s and R3. Lloyds Bank Andy Hulme has been appointed as co-head of Lloyds Bank’s Real Estate and Housing (RE&H) alongside Madeleine McDougall (pictured), who has successfully led the business since 2017. Both Andy and Madeleine will report to Scott Barton, managing director, large corporates, commercial banking. Andy is [...]
Crest Nicholson reports profit slump on Brexit uncertainty June 11, 2019 Crest Nicholson reported a fall in profits this morning as Brexit uncertainty kept house prices flat across the south of England. The figures Revenue was £501.9m, up seven per cent on half-year 2018 while profit before tax fell 11 per cent to 64.4m. Read more: Intu appoints ex-Crest Nicholson exec as finance chief The company [...]