The City of London wants your views on moving three historic food markets to Dagenham Dock June 11, 2019 The City of London Corporation is launching a public consultation on the move of three of its historic wholesale food markets in Smithfield, Billingsgate and New Spitalfields. In April, the Corporation’s main decision-making body, the court of common council, chose a site in Dagenham Dock as its preferred option for the three markets. The Corporation [...]
Mortgage lending grows in solid start to the year June 11, 2019 The UK mortgage market enjoyed a solid start to the year as residential lending and new mortgage commitments both rose. The outstanding value of all residential mortgage loans rose to £1.45bn in the first quarter, a 3.4 per cent rise on a year earlier. Read more: Mortgage approvals rebound after delay on Brexit deadline The [...]
Heavy rain causes travel chaos for Southern and Thameslink commuters June 11, 2019 Heavy rain across England is causing chaos for passengers in the south east, especially on the routes run by Southern and Thameslink. There are major delays across the Southern network, which operates between London and the south of England, including Brighton, and on Thameslink, which runs from Bedford via central London to Kent. Read more: [...]
Eurozone investors gloomy as trade war continues to rage June 11, 2019 Investors’ confidence in the Eurozone economy fell much more sharply than expected in May as they weighed up the escalation of the US-China trade dispute, a survey showed today. Read more: Eurozone’s ‘modest’ growth reliant on service sector Sentix, the firm that gathers the survey data, said the Eurozone economy was “once again on the [...]
Tory leadership race: Leadsom says ‘politics has failed dismally’ June 11, 2019 Former leader of the House of Commons Andrea Leadsom said today “politics has failed dismally” by not delivering Brexit. Speaking at the launch of her campaign for the Tory leadership Leadsom promised to leave the European Union on 31 October. “Over the last three years politics has failed dismally. It has failed to deliver on [...]
More passengers choose Heathrow as Australia flights get bump June 11, 2019 Trips to Australia spiked last month, helping to drive up the number of passengers at Heathrow for the 31st month in a row. More than 6.7m passengers travelled through London’s biggest airport in May, it confirmed this morning. The 1.4 per cent passenger growth was helped by flyers going to Oceania, with numbers spiking 10.8 [...]
Crest Nicholson reports profit slump on Brexit uncertainty June 11, 2019 Crest Nicholson reported a fall in profits this morning as Brexit uncertainty kept house prices flat across the south of England. The figures Revenue was £501.9m, up seven per cent on half-year 2018 while profit before tax fell 11 per cent to 64.4m. Read more: Intu appoints ex-Crest Nicholson exec as finance chief The company [...]
FCA chief Andrew Bailey calls on Neil Woodford to waive management fees June 11, 2019 The head of the City regulator has called on Neil Woodford to waive management fees for investors in his suspended fund. Andrew Bailey, the chief executive of the Financial Conduct Authority, said Woodford should “consider his position” on the fees. Woodford has declined to cancel the charges, which Nicky Morgan MP said was a “huge [...]
Saga shares rise as it partners with Goldman Sachs to offer savings products June 11, 2019 Over 50s insurance and tourism group Saga announced today it is partnering with Goldman Sachs to offer savings products to its clients. The move is part of a strategy aimed at turning the company around after a poor run of results. In April its shares dived 40 per cent after it warned that Brexit uncertainty [...]
Sainsbury’s chooses ex-RBS man Brown to head banking unit June 11, 2019 Sainsbury’s has appointed a new chief executive to lead its baking unit as it looks to build its online presence. Former RBS man Jim Brown will take over the reins at Sainsbury’s Bank from next Wednesday. The bank handles Sainsbury’s Bank customers, as well as Argos Financial Services and Nectar. Brown will have a “short” [...]