Shared ownership’s time has come so here’s six ideas to help home buyers in the high cost capital November 9, 2015 There is an iconic image of the Patterson family stood outside their house with Margaret Thatcher. The first people to purchase their home under Right to Buy in 1980, Thatcher delivered the deeds herself. Right to Buy is back in the news, with the government striking an agreement to extend the scheme to housing [...]
Tesco Bank, Metro Bank and Aldermore put more pressure on Treasury over George Osborne’s new bank tax September 6, 2015 The government is expected to face fresh criticism this week as politicians and City bosses step up their attacks on a new bank tax. Labour and the SNP have tabled amendments that would exempt challenger banks and building societies from having to pay an additional eight per cent of UK profits in corporation tax, the [...]
Shares fall as McColl’s looks to sell 100 newsagents October 20, 2015 McColl’s has put 100 newsagents on the block as it focuses on opening more lucrative convenience stores instead. The FTSE 250 retailer, which listed last year, has been steadily converting its newsagents into food and wine outlets at it looks to advantage of the fast-growing convenience sector and lure in higher-spending shoppers. The company said [...]
The world won’t tackle global warming if we deny the vital role of clean coal power November 18, 2015 It is just a few weeks until heads of state assemble in Paris for the UN Conference on Climate Change. At the heart of the meeting’s ambition will be an attempt to secure an agreement, applicable to all countries, to keep global warming below the two degree Celsius target. As the recent discussions in [...]
BlackRock buys PwC offices in Uxbridge from Aviva for £59m August 25, 2015 FUND manager BlackRock said yesterday that it has bought an office building in west London for £55.9m from Aviva Investors. The Atrium in Uxbridge is a 138,000 square feet (sq ft) office block let to companies including American oil and gas firm Anadarko and accountants PwC. Blackrock said the deal offers a net initial yield [...]
Government to launch £4m fund to help boost UK’s video games industry October 12, 2015 A £4m fund has been launched by the government to help boost the UK's booming video games industry, hoping to help smaller companies to a sector "which has already given the world global blockbusters like Tomb Raider, Little Big Planet, Runescape, Monument Valley and Batman: Arkham Knight". Read more: Sales of video games help boost dwindling [...]
Nationwide house prices index: UK house prices rise again in October October 29, 2015 Ever feel like you're repeating yourself? House prices have risen again, new figures showed today, with prices rising 3.9 per cent in the year to October, up from 3.8 per cent last year. The Nationwide House Price Index showed the average price has now crept up to £196,807, up from £195,585 this time last year. That's [...]
Nissan to invest £100m in Sunderland car plant September 3, 2015 The UK’s biggest car plant is to receive a further £100m investment, after Nissan said it plans to build its next generation Juke model in the UK. The investment is a will secure “valuable jobs for thousands of working people in the area”, chancellor George Osborne said in Sunderland. "Our ambitious plan to build the [...]
City Moves for 13 November 2015 | Who’s switching jobs November 12, 2015 SAVILLS The property consultancy has appointed Derek Moir as a director in its building and project consultancy team. He has over 27 years’ experience in the property sector, and is returning to Savills after seven years in China, where he was head of Turner & Townsend’s Beijing office. DELOITTE Jason Warnes has been appointed partner [...]
The UK is great at supporting startups – so why can’t we do the same with scale-ups? November 6, 2015 The last five years have seen an unprecedented growth in the number of new, registered companies and we have now surpassed the rate at which even the United States produces startups. This is terrific progress, but when these businesses grow and try to move to the next stage – be that taking on more employees, [...]