New homes on sale in London: from restored Victorian terraces in Bayswater to new homes in up-and-coming Walthamstow August 4, 2016 Brackenbury Square, Hammersmith From £550,000 Live the west London village life a short walk away from Goldhawk Road tube station at Brackenbury Square. The Notting Hill Sales development takes its name from nearby Brackenbury Village, which is in the Hammersmith Grove Conservation Area with all the boutiques and independent shops the village name engenders. There [...]
SeaWorld backlash drags on its earnings as turnaround continues August 4, 2016 Controversial theme park operator SeaWorld Entertainment has missed earnings expectations for its eleventh quarter in a row. SeaWorld reported second-quarter earnings of $17.8m, or 21 cents a share, from $5.8m in the same period a year ago. Revenue fell to $371.1m from $391.6m, missing the analyst consensus of $375.2m, as attendance declined 7.6 per cent. [...]
Opinion: Why we need a new certification system to make sure new homes will last for generations to come August 4, 2016 Plans set out by the government to build one million new homes by 2020 has instigated a mad rush to push through as many developments as possible in the coming years. It is vital that we learn from past mistakes of quick-fire developments, built in a hurry that are now obsolete or no longer fit [...]
Toyota profits hit a speed bump on a stronger yen and lower US sales August 4, 2016 Profit at Japanese car manufacturer Toyota have fallen by 15 per cent in its first quarter due to a stronger yen and stalling US sales. Full-year earnings forecasts have also been lowered to 1.45 trillion yen (£10.8bn) for the financial year ending in March 2017, down slightly from the May forecast of 1.5 trillion yen. [...]
Canadian tech unicorn Hootsuite just came a step closer to an IPO – but would consider further private fundraising too August 4, 2016 Hootsuite, one of only two so-called tech unicorns in Canada, has revealed that it's generating cash for the first time, bringing it a step closer to going public. A social media tool which lets users, including businesses such as Virgin and Accor Hotels, manage accounts as well as social ad campaigns from a single dashboard, Hootsuite has passed the milestone which chief executive Ryan [...]
Treasury committee chair Andrew Tyrie has warned government crowdfunding incentives may need to be reconsidered August 4, 2016 Senior Tory Andrew Tyrie has warned that tax incentives to invest in peer-to-peer lending may be dragging consumers towards inappropriate products. Treasury Select Committee chair Tyrie wrote to the Financial Conduct Authority in June to call for closer scrutiny of the market. And in a letter published yesterday, outgoing FCA boss Tracey McDermott admitted the [...]
Carney’s monetary policy to the rescue? Let’s be honest, probably not August 4, 2016 As was expected by most market watchers, the Bank of England has reacted to the poor PMI and the weakening economic outlook since the referendum by taking several decisive actions today. However, it is right to be sceptical about the success of these measures and question whether the Bank's actions will be suited to support [...]
Record pension deficits could balloon by a further £30bn after interest rate cut August 4, 2016 Today’s interest rate cut could see the deficits of beleaguered pension schemes rise by another £30bn according to experts. "The Bank of England’s decision today is painful for pension schemes," said Charles Cowling of the JLT Employer Benefit Index, which announced record deficits earlier this week. Read more: Pension deficit headache for British companies Matt Saunders of [...]
A new Gatwick runway would generate as many as 28,000 new jobs by 2050, according to engineering consultancy Arup August 4, 2016 A second runway at Gatwick would create 28,000 new jobs by 2050, according to research conducted for the airport by engineering consultancy Arup. Figures from the firm show that while Gatwick would be boosted by more than 5,000 jobs even without expansion, the airport could generate dramatically more jobs with a new runway. New roles would [...]