Foxtons calls in Rothschild as pressure to sell mounts April 14, 2024 Estate agent Foxtons has hired merger and acquisition bankers from Rothschild amid growing pressure from its shareholders to sell itself for £160m by the end of the year.
UK at greater risk of mortgage default wave than international counterparts November 9, 2022 The UK is at greater risk of being jolted by an uptick in mortgage defaults during the global economic slowdown, a top Wall Street bank has warned. Goldman Sachs reckons the country will undergo a bigger unemployment surge compared to other English speaking countries, dealing a heavy blow to households’ capacity to pay off home [...]
Shift from frozen to chilled food widens losses at Covent Garden Soup and Linda McCartney’s maker May 2, 2024 The maker of Covent Garden Soup and Linda McCartney's vegetarian food said customers switching from frozen to chilled food hit its sales and contributed to its widening losses during its latest financial year.
Letters: About those supply reforms October 20, 2022 [Re: UK house prices rise by an average £36,000 in just 12-months, Oct 19] It is shocking that the average cost of a home in the UK has jumped more than the average Brits’ annual salary. House prices mean that buying a home is out of reach for many, and we have seen this across [...]
Jammie Dodgers, Wagon Wheels and Party Rings maker cuts losses May 22, 2024 The group behind brands such as Jammie Dodgers, Wagon Wheels and Party Rings cut its losses as its revenue neared £600m.
Iceland blames Russian war for whopping £95.7m energy bill November 14, 2023 Iceland, the frozen food supermarket, has blamed a “global surge” in wholesale prices following the war between Russian and Ukraine for its hefty £95.7m energy bill in the year to March. The value grocery chain, which specialises in frozen processed food, said that forking out for the “wholly unprecedented” charge led to a £35m loss [...]
FTSE 100 reshuffle: M&S in, Abrdn out, but who else is coming and going? August 29, 2023 As the reshuffle of the FTSE 100 index approaches, several firms are vying for a coveted spot among the UK's top-tier stocks.
It’s not just the BT Tower: London’s property developers look to turn offices into hotels March 23, 2024 Over a quarter of office sales made in the year to March have been from buyers who wish to turn the buildings into hotels, offering a lifeline for London’s downtrodden commercial property market.
London sees 24 per cent drop in first-time buyers as high mortgage rates bite September 27, 2023 London experienced a 24 per cent decline in the number of first-time buyers entering the market in the last year as high mortgage rates crush home-ownership dreams.
House prices continue to climb in nightmare scenario for first-time buyers even though buyer interest is slowing August 15, 2022 House prices continue to move firmly upwards and are still expected to be higher in a year’s time, according to the Royal Institution of Chartered Surveyors (RICS) this afternoon. The numbers are somewhat surprising given that surveyors have seen the longest stretch of shrinking buyer demand in the housing market since the early stages of [...]