Furniture Village hit by ‘fragile economic backdrop’ as sales falter April 15, 2024 A fall in customers visiting both its stores and website hit sales at Furniture Village during its latest financial year.
Unite Group takes valuation hit from Spring Budget measures April 9, 2024 Unite Group took a hit to its valuations at the start of the year due to measures announced in the Spring Budget.
Vistry shares up on positive outlook for housebuilder May 18, 2023 Housebuilder Vistry said it expects profit to grow this year despite pressure that has been squeezing many of the country’s property companies in recent months. The company, formerly known as Bovis Homes, said it expects to make a pre-tax profit “in excess of £450m” during the current financial year. It would be an increase from [...]
Soho House owner cuts yearly forecast despite buoyant UK membership August 18, 2022 The company behind Soho House has slashed its yearly forecasts even as its UK membership has soared. Membership Collective Group said that Soho House had boosted its UK membership by 20 per cent in the past year from 45,277 to 54,764. The Wall St-listed group marked a 96 per cent revenue, with sales hitting $243.8m. [...]
HSBC shares top FTSE 100 after it offloads Canada business to RBC for £8.4bn November 29, 2022 BRITAIN’S biggest bank HSBC has sold its Canadian business to Royal Bank of Canada (RBC) for $10.1bn (£8.4bn) in a move that may save some face with disgruntled Asian investors demanding the firm be broken up. The Canary Wharf headquartered lender said today it plans to redistribute a chunk of the $5.7bn (£4.7bn) profit it [...]
Housing market confidence cools in November November 30, 2020 Confidence in the UK housing market cooled in November, with fewer people thinking that their property increased in value compared to last month. Bankers Halifax said that just 14 per cent of people surveyed said that they believed their home had become more valuable this month, compared with 17 per cent in September and October. [...]
Yours for £22.5m: Inside Charles Dickens’ former Regent’s Park property April 18, 2022 An seven-bedroom property overlooking Regent’s Park, which formerly belonged to Charles Dickens, is on sale for the first time since before 1995. Dickens, the lauded author behind Oliver Twist, A Christmas Carol and Great Expectations, once summered in the Grade I listed home in 1861. Largely unchanged since Dickens’ time, beyond the newly fitted Nordic [...]
Is Khan being left out of the Starmer project? April 2, 2024 Labour could soon be in charge of Westminster and Whitehall, but a clash between Starmer and Khan risks stasis in London, writes Eliot Wilson.
A tumble in mortgage approvals could be followed by a fall in house prices, analysts believe January 31, 2023 Mortgage approvals have plummeted to their lowest since the credit crunch after the global financial crisis in 2008, excluding the pandemic when the housing market was shut down, in a sign house prices could fall sharply soon, according to official data. The number of loans to Brits to fund a home purchase dropped more than [...]
Made.com customers will not see return of £12m in deposits for pricey furniture December 27, 2022 Tens of thousands of Made.com customers will be left out of pocket by a total of nearly £12m, according to the homeware firm’s administrators. The London-listed sofa seller collapsed this autumn after a consumer crunch caused sales to slow, resulting in hundreds of job losses. Now, a report by PwC administrators has revealed that more [...]