Banks set to ramp up lending as UK economy dodges recession May 15, 2023 Banks are expected to ramp up their lending this year as the UK economy dodges the gloomiest recession predictions and the housing markets shows signs of some revival, according to a panel of top economists. Total UK bank loans are now expected to rise 1.2 per cent this year, a net increase of £29bn, upgraded [...]
London house prices fall but still almost double national average according to Halifax property index March 7, 2023 London house prices have fallen by almost one per cent from January, but property in the capital still costs £240,000 more than the national average. Halifax’s latest house price index for February showed the rate of annual national growth slowed across the UK, with the average property now sitting at £285,476. In the capital however, [...]
Pawnbroker H&T suffers profit slump as consumers wary of taking on debt in pandemic March 23, 2021 H&T Group, the high street pawnbroker and loan provider, suffered a drop in profit last year as fewer customers borrowed money during the pandemic. The company announced this morning that profit before tax fell 22.4 per cent to £15.6m in 2020 as its pledge book fell 33.1 per cent to £48.3m. H&T’s share price fell [...]
Footasylum hails ‘record-breaking’ year as sales pass £300m February 29, 2024 Footasylum has hailed a "record-breaking" year for the retailer which saw its sales pass the £300m mark.
Sir Nicholas Lyons to host secret pension summit in push to unlock £75bn investment July 9, 2024 Some of Britain’s biggest pension firms are set for a secret summit in the Square Mile this week to discuss how to pump billions of pounds of retirement cash into the country’s start-ups, City A.M. can reveal.
Student housing provider Unite names new chief executive October 5, 2023 Student housing provider Unite has announced that chief executive Richard Smith is stepping down after seven years leading the business. Smith, 49, will be replaced by Joe Lister, who has been chief financial officer since 2008. He will take the helm on 1 January. Smith’s tenure saw the company expand significantly, with 157 properties now [...]
Eurocamp braces for major expansion April 11, 2024 A European holidays company has said 2024 could be the most significant in its 50-year history as it transforms its operations.
Three pays out £2bn dividend to Hong Kong-listed owner amid concerns over Vodafone UK merger December 31, 2023 Three UK has shelled out a record dividend of £2bn to its Hong Kong-listed owner, CK Hutchinson, after selling mobile phone masts.
Online building materials CMO suffers from challenging market and poor British weather May 31, 2024 Online-only building materials firm CMO's revenue and profits suffer a significant drop over the last financial year as the group blames a "difficult market backdrop"
How Westminster planning restrictions will choke off London’s super-prime property boom March 16, 2024 Changes to planning laws made by Westminster Council could see the current boom in super-prime developments shut off and bring a scarcity value to expensive central pads in the next few years. The local authority’s new restrictions, which were adopted in 2021 as part of the borough’s 2019-2040 ‘City Plan’, mean that no new residences [...]