Oops…Labour campaigners accidently let slip that Khan is way behind on his targets April 28, 2016 Labour mayoral hopeful Sadiq Khan may be running away with the election in the polls, but his campaign team have let slip that he's way behind on his targets. He's been criticised for his wooden character in the past, now The Capitalist fears that, for all his love of small talk, Khan still has 20,000 phone calls to [...]
Purrplexing: Halifax faces questions over decision to give “dodgy”, “high-risk borrower” Top Cat a mortgage loan April 28, 2016 Halifax's latest advert has left some purrplexed. The bank has been teased over its decision to make Top Cat the star of a mortgage advert. In the clip, the gangster cat is approved a loan in a branch of Halifax. Read more: That Robert Dyas Christmas ad: What were they thinking? But some on social media have [...]
The number of rental homes in the UK has nosedived – and the situation will only get worse April 28, 2016 An unintended consequence of the chancellor's stamp duty hike or just more nerves about Brexit? Either way, a report by one of the UK's largest landlords' associations has warned the number of rental properties in the UK is dangerously now. The report, by the Association of Residential Letting Agents (Arla), found the supply of rental [...]
Housebuilding in London has plummeted in the run-up to the mayoral election: Here’s which boroughs are approving the fewest new homes April 28, 2016 It seems the capital's local authorities have got a case of the heebie-jeebies in the run-up to the mayoral election – after a new report showed approvals for new homes have plummeted. The report, by estate agent Stirling Ackroyd, found London boroughs gave the thumbs-up to a mere 4,320 homes in the first quarter of the [...]
Yen surges and Nikkei slumps after Bank of Japan shocks markets April 28, 2016 "Surprise" was the word used this morning to describe the Bank of Japan (BoJ)'s decision not to cut interest rates. In the stage-managed world of central banks, "surprise" is not a good thing. When Mario Draghi last caught the markets off guard just a few weeks ago when he said he could not see the European [...]
Graduate debts in England now average £44,000 – 50 per cent more than those faced by students at private US colleges April 28, 2016 Graduate debts in England now average £44,000 – over 50 per cent more than those faced by students at private for-profit universities in the United States. Students in England also face higher debts than counterparts in Canada, Australia and New Zealand, according to the Sutton Trust's Degrees of Debt study. Read more: UK governments rack up £1.85 trillion liabilities [...]
Deutsche Bank share price rises despite profits, revenues slump April 28, 2016 Deutchse Bank's share price rose this morning, despite revealing a slump in revenues and profits, as the lender says 2016 will be its "peak year" for restructuring. The figures Deutsche Bank posted a 58 percent drop in net profit in the first quarter, to €236m compared with the same period last year. Revenues dropped 22 percent year-on-year to €8.1bn, owing [...]
Revenue jumps at advertising giant WPP following battle over Sir Martin Sorrell’s £63m pay deal April 28, 2016 Revenue spiked at advertising giant WPP in the first three months of the year, jumping 10.5 per cent to £3.1bn, well above forecasts off the back of strong performance in North America. The figures Reported revenue climbed 10.5 per cent in sterling terms to £3.1bn. On a constant current basis, revenue was up nine per cent [...]
In pictures: The world’s tallest tower has just been unveiled – and it’s going to be in Dubai again April 28, 2016 If you thought the Burj Khalifa was big, prepare yourselves for a new tower that will leave the Dubai landmark in its shadow. Developer Emaar Properties has just unveiled a rival to snatch the title as the world's tallest tower. No final decision has been taken on how tall the Tower will be, but it will be [...]
UK house prices slow after stamp duty surcharge causes spike in March – but experts think they could accelerate again April 28, 2016 House price growth has slowed back to more normal levels in April, after the surge of activity in March caused by the introduction of the new stamp duty surcharge. UK house prices increased by 0.2 per cent in April, with annual house price growth slowing to 4.9 per cent from 5.7 per cent the month before. [...]