UK will have to spend £9bn more in foreign gas if it fails to ramp up heat pumps June 8, 2023 A lack of government ambition in ramping up the installation of heat pumps, will force the UK to spend a further £9bn on extra gas imports.
Senior Labour MP calls on government to give £2.5bn from Chelsea sale to Ukraine September 6, 2022 A senior Labour MP has hit out at the government for its delay in handing over billions of pounds to Ukraine, after the sale of Chelsea FC in May. Around £2.5bn made from the sale of the Premier League club still sits in the frozen Barclays bank account of ex-Chelsea owner, and sanctioned Russian oligarch, [...]
FTSE 100 today: London markets likely to open in red following weak global cues January 18, 2024 Global stocks fall, China shares hits 5-year low, greenback nears one-month peak, and oil prices rise; focus shifts to Christine Lagarde's speech and U.S. economic data.
B&Q owner says DIY sales driven by household energy concerns as profit forecast trimmed November 24, 2022 Kingfisher has seen customers forking out to improve their household energy efficiency, as the B&Q owner shaved its full-year profit outlook. In a trading update for the third quarter, the retail titan posted sales of £3.3bn, a 0.2 per cent boost on the previous year. The Screwfix owner previously reaped the rewards of a pandemic [...]
Arise Sir Tim Martin as Wetherspoon boss knighted in New Year honours December 30, 2023 Outspoken Wetherspoon founder and boss Tim Martin has been knighted in the New Year honours. The businessman, who was a vocal Brexit supporter during the 2016 referendum campaign, has been recognised for his services to hospitality and culture. He said the news of the knighthood came as a surprise. “It had never been expected, so it came out [...]
House prices are poised to slide in 2023 but straight into the hands of the lucky few February 7, 2023 There’s a pretty wild variety of house price predictions doing the rounds. Capital Economics have forecast they could fall 12 per cent, while experts at property search site Zoopla are a bit more optimistic. The consensus seems to be somewhere around a six per cent fall in 2023. One thing is certain: house prices are [...]
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 [...]
UK housing market ‘to grow four per cent’ in 2021 December 14, 2020 British house prices are set to grow an average of four per cent in 2021, according to property website Rightmove, despite the looming end of a tax break and forecasts of rising unemployment. Rightmove said asking prices for property first advertised between 8 November and 5 December were 6.6 per cent higher than a year [...]
Return on property value: Is it time to sell if you live in this part of London? May 5, 2021 Recent ONS figures suggest that UK house sales have increased by 160 per cent since January, and show no sign of slowing down any time soon. Average house prices across the UK increased 8.6 per cent in the year to February, the highest house price growth recorded in the UK since October 2014. One of the trends that [...]
Private equity firms line up London lawyers ahead of deals frenzy December 21, 2023 Private equity firms are predicting a busy first two months of deals next year - they're hiring lawyers and advisers now to get ahead of the game.