Buyers eye up Christmas offers as prices slip in November November 19, 2018 Homeowners hoping to sell their house are slashing prices and expectations, in a move that signals a boon for buyers in the run-up to the festive season. Property prices tumbled 1.7 per cent this month, marking the largest November drop since 2012, with London’s stagnant housing market continuing to see a sharper decline than any [...]
Cash machine ruling hits London councils with £60m rebate November 19, 2018 London councils are to cough up a hefty rebate to retailers following a recent court ruling that decided firms should not be liable for business rates on cash machines outside their stores. Nearly 2,400 supermarkets, small shops and petrol stations are set for a £60m windfall from London’s councils following a five-year legal dispute which [...]
Marilyn Monroe’s Golden Globe sells for record-breaking $250,000 at Hollywood auction November 18, 2018 Marilyn Monroe's 1961 Golden Globe award has sold for a record-breaking $250,000 (£195,000) at an auction in California. The actress' award for world film favourite female became the highest selling Golden Globe award in history when it fetched a quarter of a million dollars at Julien's Auction in Beverly Hills on Saturday. Monroe's 1956 Ford [...]
Evans Cycles set for closures in spite of ‘profit’ November 18, 2018 Sports Direct owner Mike Ashley is set to close a swathe of Evans Cycles stores in spite of recent suggestions that most of its outlets turn a profit. The retail magnate has warned that he might only be able to keep half of Evans Cycles stores open in the future “in order to save the [...]
Goldman Sachs offers UK staff gender-reassignment and fertility treatment as it tackles boys’ club image November 18, 2018 Goldman Sachs is offering its staff in London gender-reassignment surgery and fertility treatment, as it pushes on perks in an attempt to encourage women to work at the firm. The giant investment bank’s roughly 6,000 UK staff will have access to treatment and consultation for gender dysphoria, and an assisted fertility benefit that will include [...]
Water giant United Utilities forecasted to hit higher profits November 18, 2018 United Utilities, the UK’s largest listed water firm, is forecasted to post a rise in earnings and profits when it reveals its first-half results later this week. According to City estimates the FTSE 100 group is set to report earnings before interest and tax (EBIT) of £360m in the first six months of the financial [...]
Refinitiv executive hired to lead the fight in Brussels for the City’s future post-Brexit November 18, 2018 A senior boss at financial data firm Refinitiv has been appointed to fight for the City's future ahead of Brexit. The City of London Corporation said it was looking to strengthen its Brussels office and that a new managing director would be a “focal point” for building a new relationship between financial and professional services [...]
May will need Brussels to help her sell the deal November 18, 2018 Brexit has shattered the normal rules of politics. Theresa May has suffered twenty-two ministerial resignations since becoming Prime Minister, and while not all of them have been Brexit related it would have been difficult to remain in office had so much support dripped away under other circumstances. Last week should have finished her off, with [...]
Babcock musters defences as it prepares for results November 18, 2018 Under heavy fire from investors and analysts, the UK’s second-largest defence contractor Babcock is preparing to announce its half-year results on Wednesday. The FTSE 250 engineering firm is expected to announce an exceptional write-down of £100m, mainly related to its helicopter business. Shares in the firm – which spans areas including marine and nuclear defence [...]
Barber boom bucks high street struggles as demand for male hair grooming jumps November 18, 2018 A boom in barber shops is helping to revive the stricken high street, fuelled by the growing demand for hipster beards. Male hair grooming is now one of the fastest-growing retail sectors, as young men – especially workers in the City – care more than ever about the state of their face fuzz. The rise in [...]