Sadiq Khan asks government for £5bn grant to protect housing from no-deal Brexit February 27, 2019 Sadiq Khan has asked the government to provide a £5.2bn emergency grant to to buffer housing in the capital from the negative effects of a no-deal Brexit. In a letter to the housing secretary, James Brokenshire, the mayor said he remained "deeply concerned" about the impact leaving the EU without a deal would have on London. [...]
The return to work: Here’s when City firms are going back to the office August 7, 2020 Prime Minister Boris Johnson on Thursday said a strong recovery for the UK economy will require people to have the confidence to return to work at the office. The government is worried that hospitality businesses are being hit hard by people working from home. But London firms have adopted a more cautious approach than the [...]
Big Four firm PwC predicts London house prices will drop despite growth in rest of UK | City A.M. July 13, 2018 London house prices are set to drop as much as two per cent this year according to a report which suggests fresh evidence of a slump in the capital’s property market. Analysis from Big Four firm PwC predicts a fall in London house prices that could persist into 2019, despite an expected rise in every [...]
Forget chemicals – these organic Luke Irwin rugs are dyed with turmeric, peppers and rhubarb November 22, 2019 I love rugs – a room simply isn’t dressed without one. I didn’t think I could champion rugs any more than I already do until I spoke with Luke Irwin, who has been selling his eponymous brand since 2003 and recently moved to larger premises on Pimlico Road. Here, his richly textured creations are hung [...]
Tesco Bank sells 23,000-customer mortgage arm to Lloyds Banking Group for £3.8bn September 3, 2019 Tesco Bank has sold its mortgage business to Lloyds Banking Group for £3.8bn, in a move which will see its 23,000 customers switched to a new provider. The retail giant ceased all lending on its mortgages in May, as it announced it was trying to hive off its ledger book. Tesco, which said the portfolio [...]
Pawning the family treasure: Rare chess piece set to fetch up to £1m June 3, 2019 A rare and long-lost medieval chess piece could fetch up to £1m at an auction in Edinburgh tomorrow. Sotheby’s is putting a Lewis Chessman piece up for sale some 55 years after it was snapped up by an eagle-eyed Edinburgh antiques dealer for £5. Read more: David Hockney's pool painting breaks record for living artist [...]
St Modwen boosts profit on growth in logistics sector July 2, 2019 FTSE 250 property developer St Modwen boosted profit in the first half of 2019 driven by its expansion in the warehouse and logistics sector. The figures Profit for the six months to the end of May was £23.1m, up from £20.8m compared to the first half of 2018. Basic earnings per share increased from 9.4p [...]
London house price growth falters despite annual spring surge May 20, 2019 House prices in London remain down year-on-year despite the annual spring surge, driven by a slump in inner city sales, according to property website Rightmove. Greater London recorded a monthly rise of 1.2 per cent, equivalent to £7,339, pushed largely by outer London properties that rose 1.9 per cent. Inner London prices, meanwhile, registered a [...]
21 UK stocks in danger from a Labour election win November 15, 2019 The Labour party today announced it will nationalise parts of BT if it wins power in December’s General Election. The party would nationalise the telecoms giant’s Openreach fibre rollout arm in a bid to create a UK-wide network owned by the government. Read more: BT chief executive warns Labour’s part-nationalisation would cost £100bn Shadow chancellor [...]
Square Mile property deals soar at start of July July 10, 2019 City of of London property deals spiked this month, according to research that shows more money was exchanged in the first week of July than the whole of last month. More than £400m was exchanged in the first week of the month, overtaking the £318m exchanged in the entire month of June, figures published by [...]