Government ‘failed to deliver starter homes promise’ November 5, 2019 Ministers failed to deliver on a promise to build 200,000 new starter homes, despite announcing a £2bn investment to support the project, according to the government spending watchdog. Starter homes were intended to be houses built for first-time buyers under the age of 40 and sold at a 20 per cent discount, and in 2015 [...]
Aquascutum and Gieves & Hawkes face being dragged down by Chinese parent’s debt struggles September 8, 2021 Struggles in China are pushing some of the most established British fashion brands into a dicey position, with Gieves & Hawkes facing a winding-up order and Aquascutum pulling out of the UK entirely. Chinese outfit Shandong Ruyi, which owns the two firms, has come under increasing pressure over its staggering $4 billion debt following an [...]
This year: Channel 4 gears up for a bumpy year as privatisation remains on the cards January 1, 2022 With another year approaching, the debate around Channel 4’s privatisation continues to lurk behind our TV screens.
Morrisons accepts £6.3bn takeover bid from SoftBank-backed Fortress July 3, 2021 Morrisons has accepted a £6.3bn takeover bid from a new group of funds led by affiliates of SoftBank-backed Fortress, the firm announced this morning. Morrisons shareholders will receive 254p a share, comprising 252p in cash and a 2p cash dividend. Read more: Top Morrisons investor says CD&R should up its bid to £6.5bn The group is [...]
The hurdles holding back home ownership October 3, 2019 There is good news and bad news when it comes to the numbers of first-time buyers in 2019. The good news is that, despite existing homeowners taking a more cautious approach in this uncertain political and economic climate, sales are up almost six per cent compared to this time last year. However, the positive statistics [...]
Jack Dorsey’s first-ever tweet sells for $2.9m as a non-fungible token March 22, 2021 Twitter boss Jack Dorsey sold his first tweet as an NFT for just over $2.9m earlier today. The tweet is in the form of a non-fungible token (NFT) – a kind of unique digital asset that has exploded in popularity so far in 2021. Each NFT has its own blockchain-based digital signature, which serves as [...]
Coinweb and Coldwell Banker join forces with mission to enable mainstream real estate tokenisation January 17, 2022 Development has already begun on the platform, with a product release in beta planned for Q3 2022, from the joint project between Coinweb and Coldwell Banker.
First-time-buyers and government policies boost Crest Nicholson performance March 22, 2018 Investors in Crest Nicholson were cheered this morning as the company said that demand for new houses continues to be strong. Ahead of the group’s AGM today, it issued a statement saying that total forward sales contributing to the current financial year were up 15 per cent at £620m. It said: “Demand for new homes [...]
LME suspends nickel trading amid price boom March 8, 2022 The London Metal Exchange (LME) has halted nickel trading for the rest of the day after prices doubled to a record $100,000 per tonne.
Bitcoin all-time high coming soon, analysts agree October 17, 2021 The majority of some of the industry’s most respected crypto analysts agree that a new all-time high for Bitcoin is highly likely in the coming days. Bitcoin bludgeoned its way through the psychological barrier of $60,000 on Friday on whispers that the US Securities and Exchange Commission might be on the cusp of granting approval [...]