Visa report says UK consumer spending has fallen April 16, 2018 Consumer spending by UK households continued to decline in March, according to Visa’s UK consumer spending index. The index showed that year-on-year spending dropped 2.1 per cent last month. This follows from a one per cent annual drop in consumer expenditure during February. Spending fell on average by 1.4 per cent year-on-year over the first [...]
Halifax: UK homeowners have earned enough to cover mortgage payments for 2018, London residents to wait two more months April 16, 2018 UK homeowners have earned sufficient income, on average, to cover their mortgage payment for the rest of 2018, according to British bank Halifax. Dubbing today ‘Uk mortgage freedom day’, the bank says that, based on on the average annual mortgage repayment cost of £8,039 and the average net annual income of £27,7243, 16 April marks [...]
UK house prices: London property market continues to cool as national average asking price reaches a record high April 16, 2018 The average price of property coming to the London market fell this month as the UK average price reached a record high, according to Rightmove’s house price index. The capital is just one of two regions to see a drop nationally, with prices decreasing by 0.6 per cent this month. The national average asking price [...]
Good fortune and Godspeed: Sir Martin Sorrell steps down from WPP ahead of misconduct investigation findings April 16, 2018 Global marketing giant WPP could be broken up following the departure of its renowned chief executive Sir Martin Sorrell, with City analysts divided over prospects for the firm. Sorrell’s three-decade tenure at the top of the advertising industry ended dramatically over the weekend as he stepped down from WPP following an investigation into alleged misconduct. [...]
Monarch review launched amid heightened risk of further airline failures April 16, 2018 A government-commissioned review will be kicked-off today following Monarch Airlines’ collapse last October. The Airline Insolvency Review has published a call for evidence to examine reforms needed to ensure passengers are protected when airlines fail. As demand for air travel rises, the risk to passengers of a similar collapse happening again has risen, those conducting [...]
Newcastle United 2, Arsenal 1: Arsene Wenger admits Gunners have an away day problem as Rafa Benitez hails Newcastle’s survival April 15, 2018 Newcastle United 2, Arsenal 1 Arsenal manager Arsene Wenger admits his team are in a “negative spiral” after they lost a fifth consecutive Premier League away game at resurgent Newcastle. The Gunners took an early lead through Alexandre Lacazette but Ayoze Perez equalised before half-time and Matt Ritchie completed the hosts’ comeback midway through the [...]
Return to growth for real wages on cards after year of struggle April 15, 2018 Wage growth will outstrip inflation for the first time in over a year if economists’ expectations are realised in data to be published on Tuesday, ending a year in which real-terms pay has sagged. The Office for National Statistics (ONS) is expected to report average earnings including bonuses picked up to an annual rate of [...]
Topshop boss Sir Philip Green takes no responsibility for BHS pension saga April 15, 2018 The previous owner of retail firm BHS Sir Philip Green has said that he regrets the decision to sell the chain to serial bankrupt Dominic Chappell, but that attacks on him as a result were fuelled by jealousy of his success and wealth. When asked if any of what happened as a result of the [...]
Gatwick Airport owner Global Infrastructure Partners mulling £10bn sale April 15, 2018 Private equity fund Global Infrastructure Partners (GIP) is considering a sale of its stake in Gatwick Airport, it has been reported. The US infrastructure specialist owns a 42 per cent stake in Gatwick, which The Sunday Times reports it could sell for £10bn. Gatwick is the UK’s second-largest airport after Heathrow and the ninth-largest airport [...]
Johnson: UK must take “every possible precaution” to defend itself from revenge Russia attacks following Syria strikes April 15, 2018 Cabinet minister Boris Johnson on Sunday stated that the UK should take “every possible precaution” to defend itself from the prospect of Russian retaliation following Friday’s air strikes on Syria. The foreign secretary made the comments to the BBC’s Andrew Marr show on Sunday after reports suggested that Russia could launch cyber attacks on infrastructure [...]