Stonegate takeover of pub chain Ei Group ‘may raise prices’ at local boozers December 6, 2019 A £1.3bn merger between Slug and Lettuce owner Stonegate and pub chain Ei Group may lead to higher prices in some local areas, the competition watchdog has warned. The Competition and Markets Authority (CMA) today said that the deal, which would create the country’s largest pub group, did not raise competition concerns on a UK-wide [...]
Housebuilder Berkeley sees profit slump nearly a third in first half December 6, 2019 UK housebuilder Berkeley Group saw its profit for the first half of 2019 fall over 30 per cent as Brexit-based uncertainty continued to hit the housing market. Read more: Berkeley Homes founder Tony Pidgley backs reforms to end land hoarding The figures Profit at the company fell from £401.2m in 2018 to £276.7m this year, [...]
Competition watchdog intervenes in Daily Mail’s takeover of i newspaper December 6, 2019 The competition watchdog today said it has served an initial enforcement order as it reviews the Daily Mail’s £50m takeover of the i newspaper. Read more: Daily Mail owner buys i newspaper for £50m The order, also known as a hold separate arrangement, means parent company Daily Mail and General Trust (DMGT) will be forced [...]
Uber says it received 6,000 reports of sexual assault over two-year period in United States December 6, 2019 Uber has revealed it received almost 6,000 reports of sexual assault in the United States in 2017 and 2018. It said that although there had been more cases in 2018, the incidence had dropped by 16 per cent due to there being more trips undertaken. The ride-hailing firm has come under increased scrutiny of late [...]
Property of the Week: A quirky Georgian terrace in Bow – complete with pool December 6, 2019 Bow, the formerly industrial district of East London, isn’t renowned for its grand period properties – so there is considerable excitement among buyers when one does come on to the market. Such is the case with this five-bedroom property on Bow Road, which is not only an example of a beautifully-preserved Georgian period house, but [...]
West Coast Rail franchise: CMA accepts First Group price cap proposal December 6, 2019 The competition watchdog has accepted First Group’s remedies for competition problems on the West Coast Rail franchise. The deal ensures First Group and Trenitalia can run the franchise after the watchdog initially barred the government’s contract award to them over concerns about price hikes. Read more: CMA flags competition concerns on West Coast Rail routes [...]
Holiday homes: Limassol seeks new lease of life as a luxury property hotspot December 6, 2019 Cyprus has long been a favourite family holiday destination – sunny nearly all year round, moderately priced and famed for its homely Mediterranean cuisine and relaxed atmosphere. Glitzy St Tropez it is not, but that is all set to change as Limassol – located on Cyprus’ south coast – sets its sights on becoming Europe’s [...]
A festive trip to Harrods reveals Insta-ready windows and a new Homes section December 6, 2019 For a special Christmas treat, when I was a child we always went to see Santa in his grotto in a department store. If Harrods is your go-to grotto (he’s been there since 1955), your children will encounter the bearded one in a Secret Forest decorated with Swarovski crystal (a girl’s second-best friend). Visiting last [...]
General Election: Boris Johnson accuses Jeremy Corbyn of trying to ‘fiddle’ with second Brexit referendum December 6, 2019 Prime Minister Boris Johnson has launched an attack against Labour leader Jeremy Corbyn’s plans for a second EU referendum ahead of the pair’s final TV debate before the General Election. Johnson claimed Corbyn would give 2m EU nationals a vote alongside resident Brits, saying it was an attempt to “fiddle” with the vote to ensure [...]
Primark set to drive another year of growth for ABF December 6, 2019 Associated British Foods (ABF), the British multinational which owns Primark, reiterated its outlook for the new financial year ahead of this morning’s AGM. The new financial year will see Primark expand its selling space, with the most new stores being added in France and Spain. Read more: Primark bounce helps offset sugar slump at ABF [...]