Real Madrid top Deloitte Football Money League as Champions League revamp boosts Premier League’s rivals
Two graphs that show how expensive living in the UK is – rents are double the continental average June 24, 2015 Private rents in the UK are the highest in all of Europe, analysis by the National Housing Federation shows. Getting a tough ride compared to European counterparts, rents in the UK also take up the largest chunk of people’s salaries, while they are also the least secure. UK rents, according to the analysis, average at [...]
Northern powerhouse project: Finance, science, and tech industries creating two-speed housing market, could boost north June 24, 2015 A big boost for the northern powerhouse project? Areas that have embraced the science, technology and finance industries have enjoyed disproportionately high house price growth, according to research from Savills. The fillip given to areas with a large number of companies in key industries suggests encouraging growth in such industries in the north could lead [...]
Greek crisis: Leaked document shows creditors still at odds with Greece June 24, 2015 A document leaked this afternoon shows deep divisions remain between Greece and its creditors over crucial issues such as taxation and pensions. Read more: Can Greece get past its sticking points? The document, leaked to several sources including the FT, showed Greece's original proposals, heavily edited by its creditors. Issues such as VAT and pensions remain massively [...]
The world’s most entrepeneurial countries: Uganda tops the list while UK comes 37th June 24, 2015 Uganda is the most entrepreneurial country in the world, according to an analysis by Approved Index. Read more: Why the government's "Help to Grow" could transform UK entrepreneurship The African country, whose economy was devastated by dictatorship only a few decades ago, now has the planet's highest proportion of people who have started businesses. [...]
Fall in first quarter US GDP was less than we thought June 24, 2015 The fall in US first quarter GDP was less than we previously thought, after the Bureau of Economic Analysis revised its figure up. GDP contracted 0.2 per cent in the first three months of the year, less than the 0.7 per cent originally mooted. However, it's a fall from the first estimate of a 0.2 [...]
Piccadilly’s Criterion restaurant enters administration after 60 per cent rental hike by landlord Criterion Capital June 24, 2015 Iconic London restaurant Criterion has gone into administration after 140 years, as a result of sky-high rents. UHY Hacker Young has been appointed administrator, with Peter Kubik and Andrew Andronikou handling the case. The Criterion was put into administration by the directors after its rent jumped 60 per cent from £525,000 to £850,000 [...]
UK house prices: Mortgage approvals rise to their highest in 14 months June 24, 2015 Mortgage approvals continued their inexorable rise last month, figures published this morning showed, suggesting growth in UK house prices is unlikely to abate anytime soon. The figures, from the British Bankers' Association, showed mortgage approvals for house purchases rose to 42,530 last month, up from 42,020 in April – and way up on a 20-month [...]
Neil Woodford-backed challenger Atom gets thumbs-up from regulators June 24, 2015 A mobile-based bank backed by City superstar investor Neil Woodford and launched by a founder of Metro Bank has been granted a banking licence, it said this morning. Durham-based Atom, launched by former Metro Bank chairman and First Direct chief executive Mark Mullen, will launch as a mobile app at first, with a desktop version [...]
Bank of England monetary policy committee could split over timing of first interest rate rise June 24, 2015 One of the MPC’s nine members, Dr Martin Weale, has indicated that the Bank of England should be prepared to raise the cost of borrowing as early as August. The comments indicate the monetary policy committee could soon face a split over when to raise interest rates from the historic low of 0.5 per cent they [...]
Toyota headquarters raided by police following executive’s arrest June 24, 2015 Toyota's headquarters in Tokyo have been raided by police, although it is unclear what they were looking for. Read more: Toyota recalling 190,000 cars as more Takata airbags fail A source told Reuters the search was related to last week's arrest of the company's new communications officer Julie Hamp, who allegedly brought a controlled [...]