The Notebook: Victoria Scholar on falling house prices, global travel’s acceleration and Netflix’s Sackler drama August 22, 2023 Today, Victoria Scholar, head of investment at Interactive Investor, takes the City A.M. notebook pen The only thing being built is negative momentum Rising interest rates, high inflation and the cost of living crisis are starting to take a serious toll on the UK housing market. Just this week, data from Rightmove pointed to a [...]
Wattbike: Brand used by Manchester United and British Army expects ‘further losses’ as sales plummet July 1, 2024 Static bike brand Wattbike said it anticipates making "further losses" as a slump in turnover resulted in a "disappointing" year for the company.
Supermarkets hope for Euro 2024 boost as Asda and Co-op lose ground June 18, 2024 Asda and the Co-op are the only major supermarket brands in the UK to have lost market share over recent weeks, according to new figures.
Harry Potter and The Cursed Child theatre owner stages sales success June 18, 2024 Nimax Theatres, the West End operator behind iconic London venues including The Palace, Garrick and Apollo Theatres, is celebrating another year of profit as sales outstrip their pre-pandemic levels for the second year in a row.
Prime London property bounces back after election despite tax uncertainty August 15, 2024 Buyers have returned to prime London properties after the election despite uncertainty around the government’s position on tax changes, new data shows. Sales in July were at their highest on a year-to-date monthly basis, although the average price of a property fell by five per cent on an annual basis, LonRes has found. The number [...]
Onthemarket toasts pandemic property boom with strong hike in revenue February 22, 2021 Onthemarket has hailed a busy year of house-hunting during the pandemic, as the property platform reported a surge in revenue for the year to 31 January. Onthemarket said it expected full-year adjusted revenue to be around £22.5m, marking a 20 per cent year-on-year hike during the pandemic. It also expects adjusted operating profit for the [...]
Travis Perkins profits slip 31 per cent amid slow down in house building August 1, 2023 Travis Perkins blamed a weak market for its falling revenues as the home improvement retailer struggles to cope with dwindling sales and a tough economic climate. In its half year results, the tools supplier said revenue slipped 2.5 per cent to £2.5bn and adjusted operating profits fell 31 per cent to £112m. A slowdown in [...]
Spectrum Brands: Profit slashed at Russell Hobbs, George Foreman and Remington owner despite sales surge August 6, 2024 Profit at the UK arm of the group behind Russell Hobbs, George Foreman and Remington was slashed during its latest financial year despite its sales surging by almost £80m. Spectrum Brands, which has its UK base in Manchester, has reported a pre-tax profit of £3.3m for the 12 months to September 30, 2023, according to [...]
Jammie Dodgers, Wagon Wheels and Party Rings maker cuts losses May 22, 2024 The group behind brands such as Jammie Dodgers, Wagon Wheels and Party Rings cut its losses as its revenue neared £600m.
King’s Speech: Labour to phase out leasehold system July 17, 2024 Labour will ban the sale of leasehold flats and attempt to replace the system with commonhold, according to plans unveiled in the King's Speech today.