Four things we learned from Barclays results October 25, 2019 Barclays delivered a mixed set of results for the third quarter today, with strong performance in its controversial investment bank outweighed by a massive £1.4bn PPI claims hit. These are the top four takeaways from Barclays results today. Barclays was not expecting PPI ‘avalanche’ Barclays otherwise strong third quarter results were torpedoed by a whopping [...]
‘Series of failures’ caused Boeing’s 737 Max Lion Air crash October 25, 2019 A series of failures is to blame for the fatal crash of a Lion Air Boeing 737 Max jet last October, in a tragedy that killed 189 people, according to a official report. Indonesia’s National Transportation Safety Committee said mistakes by Boeing, Lion Air and pilots led to the plane crash. Read more: Design flaws [...]
Heathrow enjoys record passenger numbers amid rise of US and African traffic October 25, 2019 Heathrow has posted a record number of passengers travelling through its airport this year, as a boon in transatlantic flights helped offset a slowdown in short-haul journeys. The airport hub has said it is expecting its ninth consecutive year of growth after reporting a 0.7 per cent year-on-year rise in passenger numbers to 61m in [...]
Investment banking boost helps Barclays despite £1.4bn PPI charge October 25, 2019 Barclays has confirmed a £1.4bn hit to its balance sheet following a rush of payment protection insurance (PPI) claims. The British bank also warned that a gloomy global economic outlook could make it harder to hit profit targets despite posting a double-digit rise in pre-tax profit for its third quarter today. Read more: Amazon shares [...]
Brexit latest: EU considers delay after Boris Johnson tables election vote October 25, 2019 The European Union will today discuss a new Brexit delay after Boris Johnson tabled a dramatic third attempt to secure a general election in a Commons vote expected on Monday. With only a week to go before the scheduled October 31st deadline, Johnson yesterday demanded a 12th December vote to break the paralysis gripping British [...]
New builds: Homes on the market in London this week, from a Battersea tower to a former camera factory October 25, 2019 Shoreditch Exchange, Shoreditch From £785,000 for a one-bed Two new show homes have just been launched at Regal London’s Shoreditch Exchange. Located on Hackney Road, the development includes 184 one, two and three-bed apartments with access to cinema rooms, a gym and roof terraces, as well as a WeWork office. The show homes, one of [...]
What are reservation agreements, and could they really stop gazumping? October 25, 2019 A sale falling out of bed at the eleventh hour is one of the biggest bugbears for those wanting to move home. But the government has now proposed a solution in the form of ‘reservation agreements’, which it now plans to trial early next year. Under this system, which is common in Europe, both buyers [...]
Why The Apprentice is actually really good for business October 25, 2019 Last week, Matt Clifford was lambasted by Lord Sugar on Twitter for his piece in City A.M. on why The Apprentice is bad for business. But having watched the past 15 series of the UK version of the show, there are many positives about the programme. The business world is constantly changing, but the fundamentals [...]
Property of the Week: This Regent’s Park mansion was the setting for a Victorian scandal October 25, 2019 Owning a neoclassical mansion in Regent’s Park would be quite nice in itself. Buy this former ambassadorial residence that has just come to the market on Cumberland Terrace, though, and you will also be able to retrace the steps of 19th century royalty, artists and high society. The grade I-listed, five-bedroom mansion was built in [...]
Focus on Victoria: Once just a train station, this central postcode now has an identity all its own October 25, 2019 There was a time not so long ago when Victoria was a train station, not an area. You could be ‘near Victoria station,’ but not ‘in Victoria’. Happily, it’s now made the transition thanks to an explosion of new bars, shops, offices and restaurants which have put the district firmly on the map. “For many [...]