Aston Martin swings to £13.5m loss as it blames ‘soft’ UK demand November 7, 2019 Aston Martin sank to a loss in its third quarter as demand for its luxury cars dried up, it revealed today, but shares still rose 10 per cent as it looked ahead to sales-boosting new models. The figures James Bond’s favourite car maker found little love from other buyers as it swung to a loss [...]
House prices drastically outpacing wage growth in UK cities as Oxford named least affordable place to live February 2, 2019 House prices in UK cities are outpacing wage growth by 11 per cent, meaning home affordability is at its lowest level since 2007, according to new data from Lloyds Bank. The report reveals that the average price of a house in a city in Britain has risen from £180,548 in 2013 to its highest ever level of £248,233 [...]
Budget 2021: As it happened March 3, 2021 Live updates and links to all our coverage, reactions and analyses as the Chancellor of the Exchequer delivers the government’s Budget later today – at 12.30pm. Please also visit our dedicated Budget 2021 Hub. Wrap-up of the main Budget announcements Here’s a wrap-up of the main announcements made by the chancellor in his spring Budget: [...]
Rishi Sunak Summer Statement: All the Chancellor’s spending pledges July 8, 2020 Chancellor Rishi Sunak today announced a raft of measures in his Summer Statement in a bid to help the UK economy recover from the worst effects of coronavirus. The Treasury boss revealed massive public spending to bolster the UK economy in what people are calling his mini-Budget. While he did not extend the government’s furlough [...]
Top 10 most shorted UK stocks: Hedge funds bet against Metro Bank, Royal Mail and Cineworld July 23, 2020 Metro Bank, Royal Mail and Cineworld are among the UK’s most shorted stocks, new analysis has revealed, as financial uncertainty amid the coronavirus crisis continues to weigh on industry heavy-weights. How does short selling work? Short sellers place bets on stocks that they expect to fall in price. Investors pay a fee to borrow shares [...]
Mortgage approvals jump to five-month high as subdued market picks up | City A.M. July 30, 2018 Mortgage approvals hit a five-month high in June as Britain’s housing market shows signs of recovery from a slowdown earlier this year. British lenders approved 65,619 mortgages in June, rising 1.5 per cent from 64,684 in May and reaching the highest level since January, according to data from the Bank of England (BoE). Meanwhile, the [...]
Hammond has taken the first tentative steps towards fixing the housing crisis October 31, 2018 How do you solve the housing crisis in a single Budget? You can’t, of course – not with Brexit looming and a Prime Minister demanding that you both signal the end of austerity and reduce the UK’s national debt at the same time. But housing policy is the one single issue that personally and radically [...]
Back to the future: London unveils first fully electric taxi since… 1897 October 23, 2019 A completely electric taxi hit London’s roads today, although the first fully electric vehicle came to the capital more than 100 years ago. The zero emissions Dynamo Taxi, made from a converted Nissan e-NV200 Evalia MPV, was unveiled as a part of the International Clean Air Conference at City Hall. Read more: Electric taxi cab [...]
Chancellor Philip Hammond’s Autumn Budget contained tricks and treats for your personal finances October 31, 2018 The move of this year’s Autumn Budget to Monday this week rather than its traditional Wednesday slot was ostensibly to give MPs more time to debate the chancellor’s proposals before the House of Commons rises for recess on 6 November. But presumably Philip Hammond also hoped to avoid some Halloween-themed headlines, which he himself alluded to [...]
No time to say goodbye? Four-fifths of entrepreneurs stay involved after selling their firms November 5, 2019 Entrepreneurs never really let go of their businesses – not even when they have sold them on. New research from private bankers Arbuthnot Latham has found that 83 per cent of entrepreneurs remain connected to their firms in some way after selling, most often as advisors or non-executive directors. Read more: Start-ups are seeking more [...]