Barratt: Profit halves at housebuilder but firm optimistic after Redrow deal September 4, 2024 Housebuilder Barratt reported a halving in profit and drop in completions amid a challenging housing market, but has said it is optimistic about the future. Barratt said its total home completions in the year ended 30 June reached 14,004, down 18.6 per cent from 17,206 in 2023 but at the upper end of the company’s [...]
Who will bang the drum for free enterprise? June 17, 2024 For all their warm words for business, Starmer and Reeves share a bone deep belief that is the state the creates wealth and grows the economy, says Eliot Wilson When the result of a general election seems as certain as the outcome of this one, it is understandable that the private sector proceeds cautiously but [...]
Will Starmer dare deal with the merchants of death? July 1, 2024 There’s one substantial, profitable sector where industrial strategy could actually work: Defence. But with some on the left calling for an arms embargo, will the Labour leader look to defence as the driver of growth it could be? Asks Eliot Wilson If you can find solid principles underlying the Labour Party’s economic and industrial policy, [...]
Zizzi and Ask Italian owner Azzurri heralds strong year as it keeps building after Covid February 12, 2024 Hospitality investment firm behind popular eateries such as Zizzi, ASK and Coco reported strong revenue growth last year as it looks to build on new brands.
Tributes paid to Mike Lynch after tech mogul’s death August 23, 2024 Figures from the business and technology sectors have paid tribute to Mike Lynch after the tech mogul’s death was confirmed on Thursday. Mr Lynch was confirmed to have died aged 59 after a luxury yacht, Bayesian, sank off the coast of Sicily. He was the creator of software giant Autonomy, which grew to become one [...]
US set to fund London-listed Rainbow Rare Earths mining project as China battle hots up April 22, 2024 Rainbow Rare Earths, listed on the main market of the London Stock Exchange with a market capitalisation of £63m, will receive £40m from Washington's US International Development Finance Corporation to build a plant at the site in South Africa's Kruger National Park.
House prices: New build homebuyer demand explodes on England’s south coast and in Wales April 26, 2021 Homebuyer demand for new build homes has climbed 9 per cent in the last year, with coastal towns in the south of England and Wales leading the charge. Across Britain, 38.7 per cent of all new build homes are already sold subject to contract or under offer, a 9 per cent jump on the same [...]
Softcat set to benefit from increasing demand for AI, data management and cybersecurity March 26, 2024 Softcat said the outlook for growth in the UK IT market was highly encouraging
‘Too late for rent caps’: East London rents jump 50 per cent since 2019 August 5, 2024 Rental costs in London have skyrocketed over the past five years, and new data has shown that rental growth in the city’s historically-affordable east has risen the fastest. Prices have risen by around 50 per cent in Shoreditch, Bethnal Green and Haggerston to pass an average of £1,000 per month, according to data from Spareroom. [...]
Chinese battery firm nearing deal on UK’s biggest gigafactory March 24, 2024 One of China's largest specialist electric car battery manufacturers is set to spend billions on the UK's biggest gigafactory, reports suggest.