Explainer-in-brief: A crisis of affordability stretching to social housing January 18, 2023 Why on earth is housing so expensive in this country? This is a question that everyone in the rental market – especially in London – has asked themselves more than once. In both the private and social sectors, rent is the highest it’s been for decades as a share of tenants’ income. Understanding how we’ve [...]
Omega: Kitchen maker says slip into the red was ‘outside its control’ July 11, 2024 British kitchen maker Omega has slipped into the red following a year marred by challenges "outside the company's control", according to newly-filed documents.
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 [...]
Explained: What is happening with the Renters Reform Bill? May 2, 2024 The Renters Reform Bill was introduced last year, but it has been beset by delays, and now has 200 amendments added to it. What's the latest?
Arnold Clark: UK car dealership pays founders’ family £67m dividend October 2, 2023 Arnold Clark, one of the UK’s largest car dealerships, has given the surviving family of its billionaire founder £67m worth of dividends, according to the latest Companies House filings. The sum brings the total money the family has taken out of the business to £118m over the last two years and comes after a record [...]
Betfred enters the red despite online gambling surge July 9, 2024 A surge in online gambling helped Betfred's turnover pass £900m during its latest financial year but was not enough to stop the company entering the red.
Persimmon: New home completions down a third as UK housebuilding woes continue January 10, 2024 High inflation and cost of raw materials has made it more expensive to build houses, while higher interest rates have suppressed demand for buyers.
More London mansions up for sale as billionaires go bankrupt February 12, 2024 A Kensington mansion has become the capital's latest luxury property to go up for sale in insolvency proceedings as wealthy London homeowners face their assets being liquidated to pay down debts.
Sir Elton John: Glastonbury and farewell tour helps singer rocket up The Sunday Times Rich List May 17, 2024 Sir Elton John is worth an estimated £470m, according to The Sunday Times Rich List. The Rocket Man singer came in at 291th on the annual list, up from 309th last year.
Amigo says talks for potential deal fell through – as liquidation looms November 17, 2023 If it cannot find a “viable alternative” there will be nothing left for shareholders and the business will need to be liquidated, Amigo said.