Businesses went berserk for office space in central London after the Brexit vote August 11, 2016 Businesses flooded back into central London after the Brexit vote, new research has suggested – with the amount of new office space leased by firms jumping by 24 per cent. Research by CBRE suggested businesses leased 980,400 sq ft of office space in July, a quarter more than in June and the strongest monthly average [...]
These airports have the most expensive parking charges August 11, 2016 The RAC has slammed airports across the UK for charging customers "sky high" parking fees. It said that most of the UK's 20 busiest airports charge motorists for dropping off passengers, however six of them "still offer some free parking provision". London's Luton and Stanstead airports insist on a minimum of £3 for a stay [...]
Derwent London’s share price suffers as the property company downgrades rental forecast August 11, 2016 Property landlord Derwent London's share price fell this morning after the company lowered its rental growth forecast due to the Brexit vote. In its interim results for the half year ending 30 June, Derwent London said: "the outcome of the EU referendum may lower activity", and reduced its estimate of rental growth from between five and eight per [...]
Former business minister calls for BT Openreach split August 11, 2016 BT is not doing enough to give customers access to high speed internet and should be split up, according to the former business minister Anna Soubry who has called for "radical action" to deliver super fast broadband across Britain. The telecoms firm last week dodged a bullet when the regulator, which pushed further reforms of Openreach [...]
Aldermore becomes the latest challenger bank to shrug off Brexit with 50 per cent boost to profits August 11, 2016 Aldermore has today reported a huge boost to its bottom line, while revealing it feels it can keep on smiling throughout the Brexit uncertainty. The figures The challenger bank reported profit before tax of £59m for the first half of 2016, up 50 per cent from the prior year's £40m. Meanwhile, underlying profit before tax increased to £63m, [...]
Chinese firm linked to Hinkley Point accused of nuclear espionage August 11, 2016 The Chinese firm which has been lined up to invest in the Hinkley Point C power plant is facing a nuclear espionage charge in the United States. China General Nuclear Power (CGN) allegedly conspired to steal American energy industry secrets to fast track the development and production of Chinese reactor technology. Read more: Is May set to abandon [...]
Royal Bank of Scotland wins strong demand for first post-Brexit CoCo offer August 11, 2016 The Royal Bank of Scotland (RBS) has raised an extra £2bn in emergency capital in the first round of fund raising for a UK lender since the EU referendum. The bank, which performed badly in the recent European Banking Authority (EBA) stress tests, has sold $2.65bn (£2bn) worth of "Contingent Convertible capital notes" – or CoCos – to build [...]
Southern Rail is still running its services based on the strike timetable August 11, 2016 Commuters may have breathed a sigh of relief yesterday, when the Southern Rail strike was called off – but it actually hasn't made much of a difference to service today. The rail company said this morning that it is still running services based on its strike timetable. Today's service will be based on the strike [...]
Thirty-one per cent of Labour voters say Theresa May would be a better Prime Minister than Jeremy Corbyn August 11, 2016 Almost one in three Labour voters believe that Theresa May would make a better Prime Minister than Jeremy Corbyn, according to YouGov figures. In a survey carried out for the Times, the pollster quizzed almost 400 people who voted Labour in 2015, and found that 31 per cent of picked May when asked which of [...]
DFS’ share price jumps as the company upgrades full-year forecast August 11, 2016 DFS' share price was up over 13 per cent this morning after the company said its results for the full year would hit the top end of its expectations. "In light of second half of trading, the board expects DFS to deliver record performance for the full year with results towards the upper end of market [...]