Who is ‘Drastic Dave’, the man sent to save Diageo? Business Diageo shareholders breathed a sigh of relief this morning after the FTSE 100 drinks giant unveiled the appointment of its new chief executive, Sir Dave Lewis. Shares rose 7.5 per cent in morning trading to 1,856 pence following the selection of the retail and consumer goods veteran, rebounding from their sharp drop last Thursday following [...]
UK house prices rise at fastest rate since January Business UK house prices edged higher in October, rising at the fastest pace since January as buyer demand remained high despite market uncertainty. Prices increased by 0.6 per cent last month, marking the fourth time in five months the average price has increased, following a sharp 0.3 per cent drop in September, according to the latest [...]
House prices edge higher amid Budget speculation Property UK house prices rose for a second consecutive month, as buyers remained resilient amid growing tax rise speculation in the upcoming Autumn Budget. The average value of a house increased 0.3 per cent to £272,226 in October, according to Nationwide’s latest housing pricing index. House prices were 2.4 per cent higher than last year, following [...]
World-leading office demand and a severe supply crunch meet in London October 30, 2025 New research shows that London is the most attractive European city for commercial office investment, but its future is under threat from a lack of construction. Central London has the lowest vacancy rate among international peers – two thirds lower than Manhattan’s – demonstrating continued global appeal, according to the London Property Alliance. Prime rents [...]
Exclusive: Wembley interested in hosting NRL rugby league match in 2027 October 28, 2025 The FA has expressed interest in staging an NRL game at Wembley in 2027 after attracting a crowd of over 60,000 for last Saturday’s Test match between England and Australia, the highest ever crowd in the UK for a rugby league Ashes clash. The NRL is planning to launch its 2027 season with a so-called [...]
London Broncos signs multi-year kit deal with Reebok amid rebrand October 23, 2025 Rugby league side London Broncos have announced a kit partnership with Reebok as the new ownership looks to make its mark on the Championship team. Purchased by a consortium including Brisbane Broncos legend Darren Lockyer and Grant Wechsel of MWG Mining, London Broncos have plans to get promoted to the Super League in 2026 after [...]
Leading economist slams ‘myth’ that landlords are under-taxed October 15, 2025 Tax hikes for landlords will be damaging to the economy and are based on a lack of understanding about investors, according to a leading economist. Paul Johnson, the former head of the Institute for Fiscal Studies, said that the UK “need[s] to think very carefully about how to tax housing and how to tax rental [...]
Finance chiefs fear UK is falling behind as Labour growth push falls flat October 13, 2025 UK finance chiefs believe the country is falling behind rivals as costs are stacking up and squeezing profit margins, a new survey has shown, with further alarm bells ringing that businesses are losing faith in Labour’s drive for growth. The government has moved to curry favour with top investment bosses as Rachel Reeves met the [...]
House prices fall amid pre-Budget jitters October 7, 2025 House prices fell last month, a leading price index has suggested, a warning that house buyers and sellers are nervy ahead of a potential tax raid on property. Halifax’s house price index suggested house prices dropped by 0.3 per cent on the month, putting the average property cost at £298,184. The annual rate of growth [...]
Sales of central London properties suffer as buyers head to outer boroughs October 6, 2025 Overall demand for prime property steadied in the third quarter of the year on sales of mansions in south west boroughs, while central London sales fell. Prices have slumped by around a fifth in the past decade due to low demand, while an exodus of high net worth individuals and uncertainty around property taxes has [...]