Renters’ Rights Bill: What is it and what does it mean for the market? September 12, 2024 Labour’s Renters’ Rights Bill, which landlord groups have said will be the biggest change in the sector for over thirty years, entered parliament this week. Legislation will be introduced “to give greater rights and protections to people renting their homes”, including removing no-fault evictions, tightening housing standards and loosening rules on pet ownership, King Charles [...]
OBR warns national debt is on ‘unsustainable path’ unless government takes action September 12, 2024 The OBR forecast that government spending would rise to 60 per cent of GDP, from 45 per cent at the moment, whereas revenue will remain flat.
Property market turns positive for first time in two years September 12, 2024 House prices significantly outperformed analyst expectations after the Bank of England cut its base interest rate, data from a closely watched survey from the Royal Institute of Chartered Surveyors (RICS) showed. The survey found that the UK house price balance, which measures the difference between the percentage of survey respondents reporting rising house prices and [...]
The City’s salad cult: What’s up with Farmer J? September 12, 2024 People in the City are addicted to Farmer J's large, expensive salad bowls. Why so?
Garmin predicts further sales boost as wearable fitness tech surges September 11, 2024 Wearable technology giant Garmin has predicted its European sales will surge by 14 per cent in 2024 thanks in part to new products being launched. The Southampton-headquartered division made the forecast in newly-filed accounts with Companies House which revealed an increase in both its turnover and pre-tax profit during 2023. The results show that Garmin [...]
Five-star former Ryder Cup host Celtic Manor Resort falls into the red September 11, 2024 The company behind the former Ryder Cup host Celtic Manor Resort slipped into the red in 2023 despite a jump in its turnover, it has been revealed. The five-star golf, spa and hotel destination, which is located near Newport in Wales, has reported a pre-tax loss of £1.6m for the year after posting a pre-tax [...]
London leading the way as housing market ‘normalises’, Winkworth says September 11, 2024 Pretax profit climbed 26 per cent to £1.0m from just over £810,000 last year.
Mike Ashley works his magic at Hornby as sales jump September 11, 2024 The impact of Mike Ashley advising Hornby, the international models and collectibles group, has been revealed. The retail tycoon. whose Frasers Group significantly upped its stake in the Kent-headquartered listed company in February, took up a consultancy role in March. Hornby, in a trading update to the London Stock Exchange, has revealed that its sales [...]
Sales rise fails to stop loss widening at Wilkinson Sword September 10, 2024 A rise in turnover at Wilkinson Sword failed to stop its pre-tax loss widening during its latest financial year, according to newly-filed documents. The company, whose brands also include Playtex, Hawaiian Tropic and skincare label Bulldog, has reported a turnover of £132.4m for the year to 30 September, 2023, up from £116.9m in the prior [...]
Pizza Hut Europe serves up profit after £106m loss September 10, 2024 The European arm of Pizza Hut has surged back into the black after making a loss of almost $140m (£106.4m) , according to newly-filed documents. The London-headquartered division has reported a pre-tax profit of $12.2m (£9.3m) for 2023, after posting a pre-tax loss of $139.4m in 2022. New documents filed with Companies House also show [...]