UK’s largest housebuilder Barratt starts year in ‘strong position’ despite drop in reservations October 17, 2018 Housebuilder Barratt Developments looked to paint a positive picture in its trading update this morning, as it announced a rise in forward sales and remained confident of the year ahead. Total forward sales in the 15 weeks to mid-October were up 12.4 per cent on the prior year at a value of £3.1bn. However, reservations [...]
How would you like to pay for that, madam? October 17, 2018 | City Talk The global payments industry is dramatically improving due to technology. Mobile has changed everything. Payments are getting faster and smarter. Competition is intense. And payments are revolutionsing markets in the developing world even faster than in the developed world. In just the next seven years, the McKinsey Global Institute estimates that widespread adoption and use [...]
Why city parents are sending their children to boarding schools outside the M25 October 17, 2018 Every Sunday evening, there is a quiet exodus of teenagers from capital to countryside. Fleets of shiny, branded minibuses collect their young passengers from affluent London suburbs and whisk them through the darkness to the green and pleasant lands beyond the M25. Boarding school will be their home – until Friday night or Saturday afternoon [...]
London house prices dip as growth slows to five-year low October 17, 2018 House prices growth in August dropped to its slowest annual rate in more than five years, as London's subdued housing market dragged down average property prices. New Office for National Statistics (ONS) data out today show house prices climbed 3.2 per cent in the year to August, marking the slowest pace of growth since August 2013. [...]
Picture this: Art-enriched offices make us more productive October 17, 2018 Some say a picture is worth a thousand words, but I like to think that art holds the key to unlocking a more productive economy. Recently, Frieze – which is one of the biggest events in the cultural calendar – saw the art world’s elite descend upon the capital. It’s a time of year when [...]
Sterling falls on weaker UK inflation data as food and drink prices drop October 17, 2018 Inflation slowed in September as the prices of meat and chocolate fell, the first fall in the price of statisticians' basket of goods since April. Consumer price index (CPI) inflation fell from 2.7 per cent in August to 2.4 per cent in September, the Office for National Statistics (ONS) said today. The relatively steep fall [...]
Tube delays: Severe delays hit Metropolitan Line and District Line amid travel disruption October 17, 2018 Severe delays are affecting the Metropolitan Line and District Line this morning, with minor delays hitting four other Tube lines. The entire track of the Met line is affected due to a faulty train at Finchley Road earlier today, with Transport for London (TfL) telling commuters that their tickets will be accepted on local bus [...]
London is the world’s hub for global investment, City of London Corporation says October 17, 2018 The capital is the world's hub for international investment and trade beating Paris, Frankfurt and New York, according to a new report by the Square Mile's governing body. Overseas investors pumped £8.6bn into the UK between 2013 and last year creating an estimated 16,126 jobs, and London came out on top as the leading global financial [...]
US says it wants to start trade talks with the UK ‘as soon as it is ready’ following Brexit October 17, 2018 The US said last night it wants to start trade talks with the UK as soon as possible after Brexit. The US trade representative’s office told Congress it wants to negotiate new trade deals with the UK, EU and Japan. “We will continue to expand US trade and investment by negotiating trade agreements with Japan, [...]
Uber launches new UK safety features as employment appeal looms October 17, 2018 Ride-hailing firm Uber has today launched a slate of new safety features in the UK and 23 other European countries, as it heads towards a court of appeal hearing regarding workers' rights at the end of the month. The Uber app will now house a safety centre from which passengers and drivers can share their trip details [...]