‘Disastrous customer service’: Luton Airport ranked worst in the UK August 24, 2018 Luton Airport is the worst UK airport for passenger satisfaction, according to an annual study produced by consumer group Which? With a customer score of 35 per cent and a one star rating for its baggage drop queues and seating, the London airport was slammed by Which? for having a "disastrous customer service", as it finished bottom [...]
UK buyers flock back to City market as investment levels soar August 23, 2018 UK buyers are returning to the Square Mile’s property market after a dry spell that has lasted several years, according to Savills research out today. Domestic investors poured more than £1.3bn into City commercial property in the first seven months of 2018, marking a sharp rise compared with last year, when investment levels hit £1.4bn [...]
Rosenblatt share price dives in wake of departing finance director August 23, 2018 Specialist City law firm Rosenblatt saw its share price tumble as much as 12 per cent in morning trading today after the company's finance director said he was leaving the company for "personal reasons". Rosenblatt, which became the fourth law firm to list on the London Stock Exchange when it floated for £42m in May, is to [...]
Crossrail marks the spot: Office rents near upcoming Elizabeth Line surge in City fringes August 23, 2018 Rents for City fringe office space situated near Crossrail sites have soared as property hawks prepare to cash in on the new railway line coming to London. Grade A office rental values in Crossrail hotspots around the Square Mile have shot up far higher than neighbouring areas since 2010, according to new Savills research carried [...]
Crossrail marks the spot: Office rents near upcoming Elizabeth Line surge in City fringes August 23, 2018 Rents for City fringe office space situated near Crossrail sites have soared as property hawks prepare to cash in on the new railway line coming to London. Grade A office rental values in Crossrail hotspots around the Square Mile have shot up far higher than neighbouring areas since 2010, according to new Savills research carried [...]
Sharp rise in profits and asset values as John Laing Group’s share price jumps August 23, 2018 Infrastructure investor John Laing Group’s share price climbed more than eight per cent in early morning trading, as the firm posted a rise in both net asset value (NAV) and profits for the first half of 2018. The FTSE 250 company’s NAV hit £1.51bn by the end of June, compared with £1.12bn in December last [...]
OneSavings lifts loan growth forecasts but warns of weaker Buy-to-Let mortgage market August 23, 2018 Specialised lender OneSavings Bank raised its expectations for loan growth today, despite pressure on profit margins amid a weaker Buy-to-Let mortgage market. The FTSE 250 firm’s loan book grew 11 per cent to £8.1bn during the first six months of 2018, with full-year targets for net loan book growth upgraded to high-teens percentages from an [...]
Construction industry breaks records as employment levels climb August 22, 2018 The UK’s construction industry enjoyed bumper levels of employment last year, as the value of new work hit its highest level on record. More than 1.3m construction workers were employed and new work was worth £109m in 2017, smashing pre-crisis levels as a result of private sector growth, according to the Office for National Statistics (ONS). [...]
Costain enforces high-tech approach as profits blossom August 22, 2018 Costain Group reported growing profit margins this morning in the wake of a business shift towards technology-driven markets. Underlying profit climbed to £22.8m during the first six months of 2018, rising eight per cent from the same period in the previous year. The FTSE Small Cap infrastructure contractor announced an eight per cent hike in [...]
First-time buyers drop off market as mortgage completions sink August 22, 2018 First-time buyer mortgages fell sharply in the second quarter of 2018, signalling a drop in new homeowners coming onto London’s subdued property market. Roughly 10,300 new first-time buyer mortgages were completed in London in the three months to the end of June, marking a 3.7 per cent fall from the same period in the previous year. [...]
