Brits abroad: the average person in the UK has visited 9.58 countries – 37 per cent more countries than in 2013 May 29, 2018 British people are travelling to 37 per cent more countries on average than compared to 2013, according to a survey commissioned by London City Airport. A YouGov survey on behalf of London City Airport has found that the average Briton has visited 9.58 countries* – up from 7 countries when a similar survey was carried [...]
Invesco is embroiled in a row with its former fund as it refuses to lower management fees May 29, 2018 Invesco is embroiled in a row with one of its former funds, London-listed investment trust Invesco Perpetual Enhanced Income (IPE), after it refused the independent board's request to lower management fees. Invesco announced in April that it was quitting as the investment manager of IPE, after the trust's independent board – headed by chairman Donald [...]
The worst is over? Pent-up demand helps stabilise London’s super prime property market after double-digit declines May 29, 2018 Pent-up demand has helped stabilise London's super-prime property market – but that still hasn't stopped parts of the capital experiencing double-digit declines. Chelsea has endured the steepest drops in prices of £10m-plus homes according to Knight Frank, down 15.5 per cent between August 2015, when the market peaked, and March this year. But there are [...]
FTSE100 opens lower after bank holiday, as Italian chaos weighs heavy May 29, 2018 The FTSE 100 fell nearly 0.8 per cent in early trading as investors reacted to a turbulent weekend in Italy and Spain following yesterday's British bank holiday. The blue chip index was down 60.84 points, or 0.79 per cent, to 7,669.44 in early trading while the midcap FTSE 250 index also tumbled, down 0.9 per [...]
Rolls-Royce launches new Pearl engine for Bombardier business jets May 29, 2018 Rolls-Royce has launched a new family of engines designed especially for Bombardier's latest business jets. The engineering giant has launched a new engine family called the Pearl, which has been purpose built for the Bombardier Global 5500 aircraft and Global 6500 aircraft. It will be the sole engine for Bombardier's latest business jets. The Pearl [...]
Government poised to start Royal Bank of Scotland share sale May 28, 2018 The government is to offload a multi-billion pound stake in Royal Bank of Scotland as early as this week, according to reports. Banks have been placed on high alert as ministers kick off a process to reduce the taxpayer's 70.5 per cent stake in RBS. Precise details on the sell-off remain unclear but bankers warned [...]
Momentum activists urge Labour leadership to give members a vote on Brexit May 28, 2018 Members of leftwing pressure group Momentum are pushing for a vote on Brexit at the Labour party's annual conference in September. Senior figures of Labour's vanguard were quoted in the Observer saying it would be "unacceptable" for members not to have a say on Brexit, especially since a key part of Jeremy Corbyn's winning manifesto [...]
Jacob Rees-Mogg priced out of Mayfair, has to ‘settle’ for house in Westminster. May 28, 2018 Tory MP Jacob Rees-Mogg has admitted to being priced out of Mayfair after he recently moved his family home to Cowley Street in Westminster. Addressing speculation that the move was prompted by his ambition to become Prime Minister, and therefore live closer to Parliament, Rees-Mogg told ITV that it was simply a matter of personal [...]
Bank holiday travel: Large parts of London’s busiest Tube line shut for the weekend May 26, 2018 Large sections of the Northern Line, London’s busiest Tube line, are shut for the duration of the bank holiday weekend. Trains are not running from Hampstead, High Barnet and Mill Hill East in the north to Charing Cross and Moorgate in central London. The suspension of the line, which includes busy stations like Euston, King's [...]
Death of the deposit: A new type of rental model is emerging, but could it be the next PPI scandal in the making? April 10, 2018 Most renters will be familiar with the drama that surrounds deposits. The average deposit in London is an eye-watering £1,765, according to the Tenancy Deposit Scheme. But saving up hundreds of pounds is only half of the battle. Recouping all of your cash at the end of your tenancy is often a huge headache, and [...]