Why housebuilders’ share prices are sinking – despite healthy industry profits March 5, 2023 If you quickly skim over the financial results of any major residential home builder you would presume that business, for the most part, is doing quite well. Just last week a flurry of housebuilding companies revealed their earnings for 2022 with major players in the market such as Persimmon and Taylor Wimpey seeing profits of [...]
Tech Nation bought by Brent Hoberman’s Founders Forum April 25, 2023 Start-up quango Tech Nation has confirmed the sale of its brand to Brent Hoberman’s Founders Forum today for an unknown fee. The start-up network, which was launched in 2011 under David Cameron’s coalition government, announced in January that it would shut its doors after ministers controversially pulled its funding and handed it to high street [...]
Oxford Street candy stores to face tougher rules amid claims of ‘dirty money’ and tax evasion September 21, 2022 Westminster Council will come down hard on its so-called ‘dirty money’ problem, zeroing in on US-style candy stores in Oxford Street. A motion will be passed this evening as 30 confectionary shops are under investigation for business rates evasion totalling £3m. The council leader said the war in Ukraine highlighted Russian oligarch investment in Westminster, [...]
Yet more rail strikes have been announced – here’s all you need to know August 15, 2023 Commuters are to face yet more misery from rail strikes this August after the Rail, Maritime and Transport Union (RMT) announced fresh industrial action last week. 20,000 RMT members from a host of train operators nationwide will walk out, disrupting the UK’s rail network on dates that coincide with the August Bank holiday weekend. The [...]
Second day of rail strikes send Trainline tumbling as FTSE 100 dips June 23, 2022 A second day of railway worker strikes sent shares in ticket booking platform Trainline tumbling as London’s top indexes dipped today. The capital’s premier FTSE 100 index dropped 0.97 per cent to 7,020.45 points, while the domestically-focused mid-cap FTSE 250 index, which is more aligned with the health of the UK economy, fell 1.05 per [...]
Letters: Housing, interrupted April 5, 2022 [Re: House price growth hits highest level since 2004 with record average of £265.3k, March 31] New figures released by the Nationwide house price index defy premature predictions of slowing prices in early 2022. An increase in average house prices of 20 per cent in the last two years is a shocking figure which coincides [...]
Greggs to roll out delivery nationwide after successful trials January 8, 2020 Greggs is preparing to roll out a delivery service nationwide following successful trials with Deliveroo and Just Eat. Fans of pasties, cakes and the bakery’s vegan sausage rolls across the UK will be able to order Greggs’ products to their door by the end of the year. Read more: Greggs employees to get £7m payout [...]
London to power UK economy away from recession and clinch best growth across the country February 27, 2023 London will power the UK economy out of recession and is poised to be the fastest growing area in the country over the coming years, new forecasts out today reveal. The capital’s economy is on track to expand 2.6 per cent each year between 2024 and 2026, pushing it to the top of the countrywide [...]
It will (probably) be alright: National Grid says winter blackouts are ‘unlikely’ October 6, 2022 The UK should avoid blackouts this winter, according to the National Grid, with sufficient supplies available to meet Brits' energy needs.
Savings rates: Nine big banks face ‘robust’ action if they can’t prove fair value July 31, 2023 The nine largest banks have passed on just 28 per cent of base rate increases in easy access savings accounts since the beginning of last year, as the City watchdog issued a new set of rules to ensure savers get a fair deal. Under new rules coming into place, the Financial Conduct Authority (FCA) said [...]