Property legal Q&A: I own a flat with a short lease and cannot afford to extend it. I am now facing difficulty selling my property. Do I have any options? August 23, 2018 You don’t say how short the lease is but it appears to be short enough to deter potential buyers from buying your property. Some lenders require a minimum of 85 years left to run on a lease before they will be willing to lend. Parties are generally worried the nearer the lease gets to 80 [...]
Net migration of EU citizens into the UK falls to six-year low as businesses are warned of a skills gap August 23, 2018 Net migration of EU citizens into the UK has fallen to its lowest level since 2012 as business leaders warn of a record skills gap and recruitment problems. The Office for National Statistics (ONS) said 87,000 more EU citizens moved to the UK during the year to March 2018, down from 123,000 the previous year [...]
DEBATE: Is Sports Direct founder Mike Ashley the best person to turn House of Fraser around? August 23, 2018 Is Sports Direct founder Mike Ashley the best person to turn House of Fraser around? YES, says David Blair, global chief executive of FITCH. The British high street is crying out for a saviour, and why shouldn’t it be Mike Ashley? He’s a shrewd retailer driving Sports Direct to win against new-age competitors like Amazon. Ashley [...]
DNA testing is in danger of undoing everything business has worked hard to changee August 23, 2018 Since the discovery of DNA, we have been fascinated by our genetic makeup. What do we comprise of at the most fundamental level? How does this contribute to who we are? Our growing comprehension of DNA has also proved critically useful – helping to identify criminals, proving paternity, and showing propensity for certain medical conditions. [...]
Hungry? Now you can order from Deliveroo restaurants via Google Maps August 23, 2018 Deliveroo is now firmly embedded in Google Maps, giving London’s workers even less reason to leave their desks at lunchtime. The food delivery firm’s integration with the desktop, mobile web and mobile app versions of Maps means hungry City staff scanning restaurant details online can choose to have their meal of choice delivered directly to [...]
Why do we flock to overcrowded tourist traps? Because of rational choice, that’s why August 23, 2018 I am in Edinburgh at the festival, where even Jeremy Corbyn has appeared. Disappointingly, he was not playing the role of Carmela Soprano, the mafia don’s wife who is always present but never involved. Visiting Edinburgh in the height of summer has brought home directly the problem of tourist overload. This tendency of tourists to flock [...]
The CMA has officially launched a probe into the Sainsbury’s Asda merger August 23, 2018 The competition watchdog has officially launched an investigation into the proposed mega-merger between supermarkets Sainsbury's and Asda. Pricing, quality and the range of products at both businesses will come under scrutiny as the competition and markets authority (CMA) tries to determine if a tie-up will have a negative effect for UK consumers. The regulator will [...]
Rosenblatt share price dives in wake of departing finance director August 23, 2018 Specialist City law firm Rosenblatt saw its share price tumble as much as 12 per cent in morning trading today after the company's finance director said he was leaving the company for "personal reasons". Rosenblatt, which became the fourth law firm to list on the London Stock Exchange when it floated for £42m in May, is to [...]
Government warns of no-deal Brexit hit to financial services including higher card payment costs August 23, 2018 Financial services customers could see “increased costs and slower processing times” for euro payments in the event of a no-deal Brexit, the government said today amid a barrage of warnings that business across the City and the broader economy could grind to a halt. The government today published technical notices covering the possible consequences of [...]
Costain awarded Network Rail contract for ‘Meerkat’ technology at level crossings August 23, 2018 Costain has won a Network Rail contract to develop warning technology to save lives at level crossings. The smart infrastructure solutions company has begun developing its 'Meerkat' technology, which will detect an oncoming train and provide audible and visible warnings to alert people at level crossings. The contract would see the technology installed at level [...]