London house prices: The property rental market is being haunted by ghost-listings October 15, 2015 The crazy London property market has created another spectre that will leave renters with a chill down their spine. The letting market is being haunted by ghost-listings – ads for properties to rent that don't really exist. Eerily reminiscent of ghost gazumping which plagued house buyers last year, some estate agents (as if they weren't despised enough) are listing details of properties they've nicked [...]
The City of London launches plan to build 3,700 new homes October 15, 2015 The City of London Corporation has fired the starting gun on its biggest housebuilding spree in 40 years after committing to building 3,700 new homes by 2025. The City has traditionally been opposed to promoting residential development within its boundaries as it protects its status as the capital’s financial centre. It is also one of the [...]
London house prices might be mind-boggling for renters and young buyers, but it’s forcing creative solutions to the problem like never before October 15, 2015 This month, Daniel Radcliffe reportedly put his New York apartment up for rent at an eye-watering price of $19,000 (£12,500) per month. But now you can live the real “Harry Potter” lifestyle for a snip of the cost after an eager London renter in search of a new home tweeted a ‘room’ that was available to rent [...]
Argos signs drop-off and delivery deal with eBay October 15, 2015 Argos has joined forces with eBay to allow sellers on the online marketplace to drop off their parcels at the retailer’s stores and have them delivered within 48 hours. By the end of the year, eBay’s 200,000 sellers will be able to drop off sold products at 150 stores across the country, with more sites [...]
German government orders Volkswagen to recall 2.5 million cars affected by emissions scandal October 15, 2015 Germany's transport ministry has ordered Volkswagen to recall 2.4m vehicles with "defeat devices" over the next year, raising questions over how many cars will be recalled in the UK. The car giant said around 1.2m cars in the UK have been affected by the scandal, adding that customers will be contacted about bringing their vehicles in to be refitted. Some [...]
US inflation rate drops to zero in September but core inflation is nearly on target October 15, 2015 Annual inflation in the US dropped to zero per cent last month from 0.2 per cent in August, weighed down by cheap fuel, according to figures released today by the Bureau for Labor Statistics. The consumer price index (CPI) – the basket of goods and services used to measure inflation – fell 0.2 per cent from [...]
Console owners help drive profit jump at Game Digital October 15, 2015 GAME Digital said a rapidly growing population of Xbox One and PlayStation 4 console owners helped the video games retailer post forecast beating full-year profits. Demand for the latest generation of consoles has cooled and their average selling price has dropped since their initial launch two years ago. But a strong performance in accessories, new [...]
Adam Posen, Simon Wren-Lewis and Lord John McFall to join former rate-setter Danny Blanchflower on Labour committee reviewing the Bank of England’s remit October 15, 2015 Labour economic adviser David "Danny" Blanchflower will be joined by US economist Adam Posen, Oxford professor Simon Wren-Lewis, and former Treasury Select Committee chair Lord John McFall, to develop proposals for a change to Bank of England’s remit. The Bank currently adjusts interest rates to ensure inflation will be two per cent over a two-year horizon. Read more: Blanchflower [...]
New dystopian app Peeple lets you rate anyone – and anyone rate you October 15, 2015 It was only a matter of time: You can already rate your hotels, restaurants, doctors, teachers and who knows what else online. The new app Peeple has taken this quantifying trend to its dystopian logical conclusion, by building a platform where you can rate and review anyone you like – and anyone can rate you. [...]
Now Mercedes-Benz has launched its own London luxury apartments October 15, 2015 Now you can experience the feeling of being in the driving seat of a Mercedes-Benz without even stepping foot outside a front door. The carmaker is manoeuvring an unusual left-field turn into the luxury property business with a new concept of Mercedes designed serviced apartments in London. In a collaboration with Singaporean luxury serviced apartments firm Frasers Hospitality, six apartments measuring between 50 [...]