London life: Why even the wealthy are paying more, as cost of renting in hot spots soars May 9, 2023 The wealthy are not immune to the capital’s strained housing market with rent in prime London locations including Chelsea and Mayfair rising 50 per cent in just two years due to a lack of supply. The average rent of premier London pads grew by 50 per cent in the 24 months to April, according to [...]
Pension market needs ‘culture change’ to unlock startup investment, Phoenix boss warns September 20, 2023 The pension market needs a “culture change” if waves of cash are to be unleashed into the country’s start-ups, the boss of Phoenix has said.
Is the real Airbnb hell about to begin? August 8, 2024 A site called airbnbhell.com, a rabbit hole of “uncensored” stories of host and guest experiences, reveals detailed anecdotes ranging from pet problems and parties, to discrimination and fraud. It is no longer an active site but the holiday home rental app had a hell of its own on Wednesday when shares plunged 16 per cent [...]
Grafton revenue falls but group expects boost from Irish housebuilding blitz May 2, 2024 Grafton attributed the change to “prevailing macroeconomic conditions” as well as “exceptionally wet weather in Ireland”, which hurt demand.
Peloton loses almost £100m as UK arm sheds hundreds of jobs August 12, 2024 The UK arm of Peloton lost almost £100m and shed hundreds of jobs, it has been revealed. The London-headquartered division has posted a pre-tax loss of £98.1m for the 12 months to June 30, 2023, according to newly-filed accounts with Companies House. Peloton previously posted a pre-tax loss of £173.7m for its prior financial year. [...]
Challengers say new law will end Big Tech’s ‘stranglehold’ January 31, 2024 A number of tech challengers and startups have urged the government to pass the digital markets bill before the next election to help end Big Tech's "stranglehold" on the sector.
Profits steady at Frasers Group-owned Jack Wills after store closures and job cuts May 9, 2024 Profits remained steady at Jack Wills, the fashion brand owned by Mike Ashley's Frasers Group, as a raft of store closures and job cuts saw its revenue fall below £30m.
Lord Mayor Nicholas Lyons: I will miss doing this, but I’ll love being out of the public eye October 19, 2023 The Lord Mayor of the City of London Nicholas Lyons is due to end his time in office next month. He has spearheaded pension reform in his time at Mansion House..
FTSE 100 today: London markets to trade cautiously ahead of July 4 election July 1, 2024 Asian stocks mixed, euro strengthens on French election, yen weakens post-Japan GDP downgrade; focus on French, UK elections, US jobs data.
UK house prices level out as Covid boom subsides October 7, 2022 UK house prices have dropped for the second time over the past three months in a sign the surge experienced over the previous year is starting to level out. Average UK house prices dropped by 0.1 per cent in September from August’s record highs of £293,992. The September drop marks the second marginal decrease over [...]