Aquascutum and Gieves & Hawkes face being dragged down by Chinese parent’s debt struggles September 8, 2021 Struggles in China are pushing some of the most established British fashion brands into a dicey position, with Gieves & Hawkes facing a winding-up order and Aquascutum pulling out of the UK entirely. Chinese outfit Shandong Ruyi, which owns the two firms, has come under increasing pressure over its staggering $4 billion debt following an [...]
Morrisons accepts £6.3bn takeover bid from SoftBank-backed Fortress July 3, 2021 Morrisons has accepted a £6.3bn takeover bid from a new group of funds led by affiliates of SoftBank-backed Fortress, the firm announced this morning. Morrisons shareholders will receive 254p a share, comprising 252p in cash and a 2p cash dividend. Read more: Top Morrisons investor says CD&R should up its bid to £6.5bn The group is [...]
This year: Channel 4 gears up for a bumpy year as privatisation remains on the cards January 1, 2022 With another year approaching, the debate around Channel 4’s privatisation continues to lurk behind our TV screens.
Want to encourage downsizing and free up the housing market? Reform stamp duty February 13, 2020 With the first post-Brexit Budget fast approaching, there are huge hopes, expectations, and indeed demands across industries and sectors — but perhaps few areas are more important than solving the housing crisis. As Boris Johnson’s team focuses on delivering their manifesto promises, including building 300,000 homes a year by the mid-2020s, it’s worth remembering that [...]
Home is where the heart is: how to revolutionise the house buying process January 9, 2020 For too many people, home ownership is a distant dream. In today’s Britain, only about 27 per cent of people aged 25 to 34 own their home — a huge dip compared to 1990, when ownership for this age group was 50 per cent, according to the Resolution Foundation. Sky-high property prices, the need to [...]
First-time buyers at 10-year high in 2017 but the mortgage market weakened in December February 13, 2018 The number of mortgages taken out by first-time buyers boomed last year to its highest level since 2006, buoyed by the Help to Buy subsidy. Banks lent money to 365,000 first-time buyers in 2017, an increase on the year before of 7.4 per cent, according to UK Finance, the lenders’ industry body. However, the December [...]
Jack Dorsey’s first-ever tweet sells for $2.9m as a non-fungible token March 22, 2021 Twitter boss Jack Dorsey sold his first tweet as an NFT for just over $2.9m earlier today. The tweet is in the form of a non-fungible token (NFT) – a kind of unique digital asset that has exploded in popularity so far in 2021. Each NFT has its own blockchain-based digital signature, which serves as [...]
UK house prices end decade on a high with 1.4 per cent growth January 3, 2020 House prices were 1.4 per cent higher year-on-year in December, the first rise of more than one per cent for 12 months. According to research from Nationwide, after seasonal factors had been considered prices rose by 0.1 per cent in December. Read more: Rightmove: Tory election win will boost house prices by 2 per cent [...]
Coinweb and Coldwell Banker join forces with mission to enable mainstream real estate tokenisation January 17, 2022 Development has already begun on the platform, with a product release in beta planned for Q3 2022, from the joint project between Coinweb and Coldwell Banker.
LME suspends nickel trading amid price boom March 8, 2022 The London Metal Exchange (LME) has halted nickel trading for the rest of the day after prices doubled to a record $100,000 per tonne.