Number of affordable homes started in London plummets July 10, 2025 The number of affordable homes underway in the capital has fallen far short of expectations as tight regulations and cost pressures make sites unviable. The Greater London Authority has so far completed 871 homes under the 2021-2026 Affordable Homes Programme (AHP), according to its annual housing report. This is just over five per cent of [...]
Greenergy biodiesel plant do shut down in latest industrial strategy blow July 10, 2025 One of Britain’s biggest biodiesel plants is preparing to shut down in the latest blow to the government’s industrial strategy. The Greenergy plant in Lincolnshire, which is thought to produce as much as a quarter of the UK’s biodiesel, on Thursday confirmed it would begin consultation on a proposal to cease production. Greenergy said its [...]
Page Group profit tumbles amid job market woes and tariff uncertainty July 10, 2025 Page Group has reported a hefty decline in half-year profit as recruiters grapple with a slowdown in the jobs market and uncertainty in global trade. Gross profit fell 12.3 per cent to £389.3m year-on-year on a reported basis, with a notable 13.4 per cent decline in the UK. British firms have been grappling with tax [...]
Benefits claimants take home more than minimum wage workers July 10, 2025 Brits claiming sickness benefits can be paid up to £25,000, which is more than the take home pay of a minimum wage worker. That’s according to new research from the Centre for Social Justice (CSJ), which found that if a claimant is receiving universal credit incapacity benefits alongside personal independence payments and housing benefits, the total [...]
Ofcom relaxes Royal Mail delivery targets to cut costs July 10, 2025 Royal Mail will be allowed to deliver first and second class letters more slowly after its delivery targets were slashed by the communications watchdog in a bid to cut costs. From the end of July, Britain’s postal service will be allowed to deliver second class letters on alternate weekdays, Monday to Friday, instead of six [...]
South West Water to pay £24m to avoid fine from Ofwat over leaks July 10, 2025 South West Water is to invest £24m into its network and local environment to avoid being fined by the industry regulator after a failure to manage its wastewater network led to unnecessary leaks. Ofwat said the utility had “failed to build” and operate its wastewater treatment works and sewer network to “ensure they performed sufficiently.” [...]
Jupiter snaps up UK’s largest asset manager for non-profits July 10, 2025 Jupiter Fund Management has acquired CCLA – the UK’s largest investment manager for non-profit organisations – in a bid to expand its UK reach. The deal, which values CCLA at £100m on a 100 per cent equity basis, will mark Jupiter’s entry into the non-profit investment arena. The FTSE 250 firm will add CCLA’s £15.1bn [...]
Vistry looks to ‘transformative’ government investment as profit drops July 10, 2025 Housebuilder Vistry has reported a sharp drop in profit but expects activity to pick up later in the year as the government’s affordable homes investment filters into the market. Vistry, which unseated Barratt as the UK’s biggest housebuilder last September, told markets that it expects adjusted operating profit to be £125m in the first half [...]
WPP picks Microsoft exec Cindy Rose as CEO amid sliding sales July 10, 2025 WPP has named Microsoft executive Cindy Rose as its new chief executive, as the advertising giant battles declining revenues, key account losses, and a falling share price. Rose will step into the top job on 1 September 2025, replacing Mark Read, who is stepping down after seven years at the helm and more than three [...]
One pub to close every day in 2025, new data reveals July 10, 2025 Small pubs are being forced to close in the face of unsustainable costs pressures, according to new data. The British Beer and Pub Association (BBPA) has estimated that 378 pubs will close this year across England, Wales and Scotland, amounting to more than 5,600 job losses. The industry body pointed to the heavy pressure of [...]