Lookers shares slump as it warns profit will halve November 1, 2019 Troubled car company Lookers gave the City a double-whammy of surprises this morning after revealing two senior departures and worse-than-expected profit forecasts. Profits are expected to more than halve this year to roughly £20m, falling significantly below City estimates. Read more: Treasury committee urges reform of ‘broken’ business rates system The London-listed motor retail group, [...]
Sajid Javid delays appointment of new Bank of England governor November 1, 2019 The eagerly-anticipated appointment of the new Bank of England governor has been pushed back until after the general election. Chancellor Sajid Javid has delayed the announcement of a successor to Mark Carney, who is leaving the role on Threadneedle Street at the end of January next year. Read more: BBC data breach reveals names of [...]
BBC leak reveals names of 120 women in equal pay dispute November 1, 2019 The BBC has been accused of a potentially major data breach after the names of 120 female employees who had pursued equal pay complaints against the broadcaster were inadvertently revealed during presenter Samira Ahmed’s employment tribunal case. The document names BBC women who had put their names to a letter issued by the National Union [...]
FTSE 100 climbs after Asian stocks hit three-month high on China PMI November 1, 2019 European markets ticked up slightly this morning as traders showed slightly more optimism following another week of Brexit uncertainty and US-China tensions. The FTSE 100, Dax and Cac all rose 0.4 per cent after the opening bell. The blue chip index turned green today after enduring its steepest losses in nearly a month last night. [...]
Brexit Party to run in hundreds of seats in the general election November 1, 2019 Nigel Farage is set to launch an assault on hundreds of seats in a major threat to the Conservatives’ hopes of gaining a majority in next month’s general election. Farage is set to launch the Brexit Party’s election campaign this morning, just a day after it was rumoured the party would only run for about [...]
MP Antoinette Sandbach quits Tories for Liberal Democrats November 1, 2019 Antoinette Sandbach, one of the Conservative MPs who was expelled from the party in September, this morning announced she had joined the Liberal Democrats. The Remain supporter was one of 21 MPs who had the whip removed after voting against Boris Johnson in an attempt to avoid a no-deal Brexit. Read more: The 21 MPs [...]
Downing Street responds to Donald Trump’s Brexit deal criticism November 1, 2019 Number 10 has defended Boris Johnson’s Brexit deal after President Donald Trump threatened it could thwart a trade agreement between the UK and US. Trump warned the US “can’t make a trade deal with the UK” under the terms of the Prime Minister’s EU withdrawal agreement. Read more: Donald Trump slams Jeremy Corbyn and says [...]
Property of the Week: An East London mews house fit for a tech guru November 1, 2019 Mews houses are typically associated with quaint, stucco-ed streets in Kensington or Marylebone. But this mews house which has just come on the market at Peary Place, just off the bustling Roman Road in the heart of Tower Hamlets, has a rather different vibe. Like most mews, Peary Place was built as a stables in [...]
Revealed: The London boroughs most likely to avoid a Brexit house price crash November 1, 2019 So you’re a first-time buyer who has finally saved up enough to get on the housing ladder. All that’s left now is to decide which corner of the capital you’re going to invest your cash in. That decision is arguably more important than ever, given that a recession is a very real possibility – particularly [...]
Opinion: Things are looking up for London renters as price increases slow November 1, 2019 London’s property prices have long been regarded as endemically high, preventing many first-time buyers from purchasing their first home and boosting demand for privately rented properties. The result has been the emergence of Generation Rent: the demographic prepared to live like students in shared accommodation so that they can afford to be close to all [...]