Delta Air Lines propelled by lower fuel costs as revenue bombs July 14, 2016 Delta Air Lines, the oldest airline still operating in the US, has posted results in line with expectations, with a decline in revenue being offset by the low oil price. The figures The airline reported a 4.1 per cent increase in net earnings for the second quarter, climbing to $1.5bn (£1.1bn), or $2.03 per share. Delta's revenue dropped 2.4 per [...]
Property of the Fortnight: Rare Tower Walk townhouse on sale in the middle of St Katharine Docks March 17, 2016 House-hunting usually requires some compromise: a downgrade in location, a flat rather than a house, the sacrificial shedding of car parking space. At first glance, Johan Denekamp a former advertising CEO, seems to have it all – the townhouse, the location, the views – but take hope, because it took him and his wife a [...]
Buy to let investors scramble to secure home purchases before April stamp duty rise March 29, 2016 Buy to let investors are storming the housing market to beat higher taxes that will come into force in April. In February, 85 per cent of estate agents reported an increase in the number of buy to let investors looking to purchase properties, according to data released by the National Association of Estate Agents (NAEA) released [...]
London house prices: Growth in prime postcodes has declined to lowest rate in more than six years May 2, 2016 Annual house prices in prime central London areas grew at their slowest pace in six and a half years in April, as the economic uncertainty and recent tax changes continued to unsettle prospective buyers. Knight Frank's latest monthly sale index released today shows that although viewings are up by a quarter over the year, the number of prospective buyers [...]
Sajid Javid assures he’s fighting for British steel “every hour” April 12, 2016 Business secretary Sajid Javid said today that he's fighting for the UK's embattled steel industry "every hour of the day". Speaking during a three-hour emergency debate regarding Britain's deepening steel crisis in the House of Commons, he said: "The challenges we face are great, the crisis the steel industry faces is global, but I am fighting for Britain's steel [...]
Spending spree on the cards for publisher as it plans Future acquistions May 20, 2016 Magazine publisher Future reported it had reduced its pre-tax losses today as it forecast further acquisitions activity. The figures Group revenue fell from £30.8m to £30.2m during the six months to 31 March. Its magazine revenue was down 12 per cent to £17m, “reflecting the market’s overall structural decline”. Read more: Top Gear and Radio [...]
Henley Camland strikes major deal with Land Securities for part of the Ebbsfleet Eastern Quarry garden city April 26, 2016 Private equity firm Henley has bought a major component of the Ebbsfleet scheme, one of the UK's largest residential schemes, from Land Securities. Fresh from selling more than 500 plots to Taylor Wimpey yesterday, Land Securities has today revealed another deal, selling two "village" sites at the Eastern Quarry, which have capacity for around 4,700 homes, [...]
Cala Group calls on government to tackle housing crisis by building more family homes March 7, 2016 Cala Group, has urged the government tackle the country's housing crisis by addressing the need for larger family homes, as the housebuilder forecast another year of record profits. The Edinburgh-based group, which builds high-end homes in affluent areas in the south of England as well as Scotland, said the government's increased focus on affordable housing and first time buyers was "misguided" [...]
Labour leader Jeremy Corbyn to lead demonstration against the Housing Bill March 10, 2016 Labour leader Jeremy Corbyn is to lead a demonstration in London on Sunday in opposition to the Housing Bill. The national demonstration, organised by Kill the Housing Bill campaign, will march on parliament, urging the government to impose rent controls and secure homes for all. Protesters are to meet at Lincoln's Inn Fields at midday and [...]
UK house prices: More than 3,000 people used right to buy last quarter – and 5,000 homes have started to be built as a result, government figures show March 24, 2016 Right to buy might still be dividing opinion, but there's one place where no one is in any doubt about its success. The government has today issued another self-congratulatory update of the controversial scheme, claiming it has helped a further 50,000 people buy a home since it was "reinvigorated" in 2012, with more than 3,000 people [...]