Older Brits benefit from £1bn-a-day windfall as over 55s sit on £4.4 trillion in property wealth September 18, 2022 Over 55s have benefited from £1bn worth of property growth every day between the start of the pandemic and June 2022. Analysis of statistics obtained via a request to the ONS shows the extent to which over 55s have managed to exploit the growth in property value since the start of the pandemic. The ONS [...]
FACT reap due rewards for diligent growth June 4, 2024 Since their foundation in 1983, FACT have become globally recognised for protecting the intellectual property of the film and TV industry and, more recently, the sports rights sector. It has been said that the best organisations and teams always build from a position of strength and that’s precisely what FACT have done. Their credibility comes [...]
Election 2024: Everything you need to know about the July 4 vote May 25, 2024 Ahead of our first general election in almost five years, we’ve rounded up all you need to know.
Mortgage approvals snap back following mini budget chaos, but net lending at lowest since 2016 March 29, 2023 Mortgage approvals have improved for the first time since August, as the market begins to shake off the stress of the mini-budget, however experts have warned that the housing market will “remain price sensitive”. According to the Bank of England’s Money and Credit report for February, net mortgage approvals for house purchases increased to 43,500 [...]
The Yanks are coming: Weak sterling sees Americans pile into London property January 3, 2023 The fall in the value of the pound in 2022 saw a host of wealthy American buyers pick up high-end London property on the cheap, according to a new report. In so-called ‘prime central London,’ some 50 per cent of property transactions over £15m completed in 2022 involved American buyers according to analysis by real [...]
VP profit falls as Brandon Hire Station and housebuilding woes drag on results June 5, 2024 Pre-tax profit fell 90.9 per cent, in large part down to the impact of £27.7m of non-cash impairment at VP's subsidiary, Brandon Hire Station
MPs urge government to reveal bailout plan for struggling Thames Water March 3, 2024 A group of MPs has urged the government to publish its contingency plans for bailing out Thames Water amid fears that taxpayers could be on the hook for billions of pounds.
Build, Baby,Build: Yimbys are London’s future June 19, 2024 Despite a few naysayers, all the evidence suggests London is the most likely part of the country to say “yes in my backyard!” The next government must ignore the noisy minority and listen to the voices of progress, says John Myers London is the most Yimby part of the country, with seven of its boroughs [...]
Pension funds may need a nudge into the stock market after £50bn start-up pledge, says City minister July 11, 2023 The government may next need to push top pension funds to invest in London’s stock market as ministers look to solve a dearth of domestic investment in Britain’s big listed firms, the City minister has said.
Redrow revenue hits new record as housebuilder continues London exit September 14, 2022 Housebuilder Redrow’s revenue has climbed above pre-Covid-19 levels, as it continues its withdrawal from the London market. Revenue grew 10 per cent to a record £2.14bn in the year to 3 July. While profit before tax hit £246m, down from the £314m, it reported a year prior due to one-time fire safety costs of £164m. [...]