UK construction rebounds in April led by strong house building recovery May 2, 2018 The UK construction sector has bounced back to a five-month high, led by a strong performance in house building, according to the latest IHS/Markit purchasing managers’ survey. The seasonally adjusted index came in at 52.5 for April, a sharp upturn from the 20-month low seen in March of 47.0, due largely to the winter storm [...]
Facebook plans to rival Match in dating market with new app May 2, 2018 Facebook has announced plans to get itself back out there in the online dating market. Talking at a software developer conference yesterday, under-fire chief executive Mark Zuckerberg said the app would focus on “real-long term relationships – not just hookups.” “There are 200 million people on Facebook that list themselves as single, so clearly there’s [...]
Shelter policy head joins Number 10 as housing adviser May 2, 2018 Shelter’s former head of policy Toby Lloyd has joined Number 10 as a housing adviser, bolstering Theresa May’s efforts to get to grips with the housing crisis. Lloyd, who co-authored Rethinking the Economics of Land and Housing, is likely to shake things up when he joins Downing Street as first reported by Estates Gazette. He [...]
London’s busiest Tube line is the Northern Line as full ranking shows Central and Jubilee aren’t far behind | City A.M. May 2, 2018 As those passengers using the stretch between Tooting Bec and Stockwell may have guessed, the Northern Line is London’s busiest Tube line with 294m journeys made on it during the past year. It runs through both Waterloo and King’s Cross St Pancras Tube stations – the two busiest on the network. But how do the [...]
Savannah Resources (SAV) share price charges higher on upgrade to its European lithium mine May 2, 2018 Shares in Savannah Resources have jumped more than 10 per cent this morning after the company revealed an upgrade in the amount of lithium that can be extracted from a mine it says could become a key player in Europe’s shift to electric vehicles. The firm, which is listed on London’s Alternative Investment Market (Aim), [...]
Sage share price falls as it clears out raft of senior execs amid stuttering revenue growth May 2, 2018 Britain’s biggest technology firm Sage has shown its ruthless streak, sacking around 30 top execs over the last three weeks. The announcement came as the FTSE 100 firm today confirmed half-year revenue growth had slowed. Figures were in line with a surprise trading update on 13 April that had sent investors scurrying for cover. More [...]
Direct Line share price falls after Beast from the East costs insurer its entire annual weather budget May 2, 2018 Direct Line today counted the cost of Britain’s icy winter and warned its top line had shrunk by five per cent in the first three months of 2018. Quarterly gross written premiums slumped from £810.3m to £769.9m. Direct Line operates its own and a host of other well-known brands, including Churchill, Privilege and Green Flag. [...]
TSB bosses face MPs over bank’s IT fiasco as customers are still reporting internet banking troubles May 2, 2018 TSB bosses will appear before MPs on the influential Treasury Select Committee today for a grilling over the IT chaos that has left customers unable to access online banking and the mobile app properly for over a week. Customers are still reporting issues with online banking, and have been struggling to get into their accounts [...]
How would a potential merger affect Big Four supermarket giants Asda and Sainsbury’s? May 2, 2018 Earlier this week grocery giants Asda and Sainsbury’s sent shockwaves through the retail industry as they announced merger plans. If the proposal is successful, the new organisation could overtake Tesco as the UK’s largest retailer. There are some obstacles to clear before the merger is confirmed of course. The Competition and Markets Authority will have [...]
James Brokenshire has no time to waste in fixing the capital’s housing crisis May 2, 2018 As James Brokenshire takes up his new role as housing secretary, his top priority must be to fix the capital’s broken housing market. It is no exaggeration to say that London is in the midst of a housing crisis. Demand far outstrips supply; while we have built 200,000 new homes over the last decade, London’s [...]