Reforms to planning and Help-to-Buy unveiled by government June 27, 2019 A shake-up of Britain’s planning system that will let councils approve applications more quickly and enforce tougher Help to Buy rules on developers was unveiled today. Housing secretary James Brokenshire has revealed plans to introduce new quality controls on housebuilders, while also pledging to prevent developers from selling leasehold houses through its Help to Buy [...]
Vauxhall says building new Astra in the UK contingent on final Brexit deal June 27, 2019 Car manufacturer Groupe PSA said today it will build the new Vauxhall Astra in the UK, but said the decision was conditional on the terms of Brexit. PSA said the new Astra would be manufactured at Ellesmere Port in Cheshire and at Russelsheim in Germany. In a statement the company said: “The decision on the [...]
Oxford University strikes £4bn partnership with Legal & General June 27, 2019 Legal & General has signed a £4bn partnership deal with Oxford University in its latest bid to tap into the growing market of student accommodation. The property giant has struck a 10-year partnership with the country’s oldest university as part of a plan to deliver 1000 subsidised home for university and college staff, 1000 units [...]
Staffline seeks to raise £41m to ease debt fears June 27, 2019 Recruitment firm Staffline has this morning announced plans to raise up to £41m by selling off shares to private investors and current shareholders. The UK-based company is seeking to make £34m through a placing, with a further £7m to come from an open offer. Read more: PwC fined £4.5m for ‘lack of competence’ in Redcentric [...]
Dog Fight: Why competition must be at the heart of the Heathrow expansion project June 27, 2019 In 1968, the Roskill Commission recommended the expansion of Heathrow. Last week, the airport’s owner, Heathrow Airport Limited (HAL), said that it would finish increasing its size and capacity by 2050 – 31 years from now and 88 since the original findings. We need a bigger Heathrow sooner than that, one that can cater for [...]
Tullow facing delays at Kenyan projects June 26, 2019 Tullow Oil said today it expects a project in Kenya to be delayed as it was forced to go back to residents. The company said the delay was down to Kenyan authorities demanding more consultation with the local community. It expects the consultations will be submitted in the second half of the year. It had [...]
Barrick sticks by offer for Acacia June 26, 2019 Barrick Gold has today stood by its offer for Acacia Mining, saying that the London-listed firm had overstated the value of its assets. Barrick, which is the biggest shareholder in the company, said last month that it was mulling a bid which valued Acacia at $787m. The bid was questioned as Barrick valued the firm [...]
Asset manager H20 says redemptions are falling after it was hit by a wave of outflows June 26, 2019 Under fire asset management firm H20 said today that there had been “substantial inflows” of funds in recent days and redemptions had fallen to five times less than they were at their peak last Friday. The firm had been hit by a wave of clients withdrawing their money after the Financial Times last week questioned [...]
Hong Kong horse racing betting tips: Punters should put faith in Godspeed for Ho and Hall June 26, 2019 FORMER Hong Kong champion apprentice Vincent Ho looks set for an afternoon to remember at Happy Valley. The talented 29-year-old has already surpassed his best ever total of winners in the territory with 52 victories and rode his third local Group winner on Sunday, when partnering Rise High in the Group Three Premier Plate at [...]
Hong Kong horse racing betting tips: Bullish Brother set to Cruz to victory at Valley June 26, 2019 HONG Kong racing returns to Happy Valley this afternoon after a week of respite to allow the grass to grow. Local racing fans weren’t short of excitement last week though, with Royal Ascot televised live throughout the territory. The Hong Kong Jockey Club had devised a worldwide betting pool which saw tote pools from ten [...]