Housing slump continues as Marshalls cost-cutting fails to halt revenue slide January 18, 2024 In a trading update, published today, Marshalls said actions to save around £11m annually, including factory mothballing, shift slashes and business re-shuffling couldn't prevent year-on-year group revenues falling by seven per cent to £671m.
Why today’s inflation data is still bad news for a bruised Bank of England August 16, 2023 Core inflation is unmoved and services inflation actually crept up. It all points to more trouble for the embattled Bank of England.
China faces uphill battle for recovery amid mixed economic data June 17, 2024 China faced several economic challenges in May, notably with industrial output growth falling short of expectations.
Total UK housing wealth breaches £7 trillion for first time amid ‘race for space’ February 27, 2023 Net UK housing wealth exceeded £7 trillion for the first time last year, according to calculations from an estate agent. The total value of UK homes reached £8.68 trillion at the end of 2022, Savills said. With outstanding mortgage debt standing at £1.66 trillion, according to Bank of England records, Savills calculated that net housing [...]
Danger! Labour want all our new homes to be ugly August 9, 2024 Labour thinks it's 'ridiculous' to consider beauty when building new homes and towns. That's a travesty, says James Price
Build, baby, build: Why overhauling the planning regime is crucial to kickstarting the UK economy March 26, 2024 While the UK's economic problems are deep and complex, overhauling the UK's onerous planning regime might be the most vital reform needed to help boost growth, Chris Dorrell argues
Hargreaves Lansdown co-founder’s private equity firm shutters August 28, 2024 A private equity firm run by Hargreaves Lansdown co-founder Stephen Lansdown has shuttered.
Caterpillar: Price rises help profit pass £100m at UK arm September 20, 2024 Profit at the UK arm of Caterpillar has jumped past £100m after its international sales surged during its latest financial year. The Leicestershire-headquartered division has posted a pre-tax profit of £102.2m for 2023, up from the £74.4m it achieved in 2022. Newly-filed accounts with Companies House also show that its turnover rose from £1.33bn to [...]
Shares tumble for struggling FTSE housebuilders: ‘The scale of challenge cannot be swept under carpet’ July 13, 2023 The share price of London FTSE 100 and FTSE 250 house builders all took a tumble this morning, as fresh reports highlighting the state of the property market dampened investor confidence. Barratt was the hardest to fall this morning, with its shares sliding 4.67 per cent, as the group reported a 49 per cent decline [...]
London house prices rebound with 2.3 per cent growth after election February 19, 2020 London house prices grew at their fastest rate in 15 months in December following Boris Johnson’s election win, official figures showed today, as UK house prices also rose. Homes in the capital enjoyed a 2.3 per cent rise to £484,000 after a 2019 full of falls, according to the Office for National Statistics (ONS). The [...]