London sellers failing to acknowledge the property market has ‘begun rebalancing’ November 28, 2023 Desperate London home sellers have been accepting average discounts of as much as £25k on asking prices as the property market has seized up.
Wilko bosses to be questioned by MPs following company’s collapse November 23, 2023 The bosses of Wilko will appear before MPs next week to explain the shortfall in the company’s pension fund and why its owners were taking money out of the debt-laden company. MPs on the Business and Trade Committee said they would question the company’s former chief executive and chairwoman as well as representatives from its auditor EY. [...]
Londonmetric boss: Property market is a ‘long way from functioning normally’ November 23, 2023 Londonmetric has said the commercial real estate sector is still a long way from functioning normally, despite high demand for logistics.
Even high-earners feeling the pinch: Over a quarter on £100K pay cheque to pay cheque November 17, 2023 Around one in four people earning a six-figure salary say they are living pay cheque to pay cheque, according to a survey. Some 26 per cent of people surveyed across the UK with an annual income of £100,000-plus said they had no money left at the end of the month, wealth manager RBC Brewin Dolphin [...]
Young’s adds City Pub Group to growing empire in £162m deal November 16, 2023 Young's will add 50 pubs and more than 200 hotel rooms, with the group also reporting demand in London now higher than pre-pandemic
Could this last-minute reservation app help fix London hospitality’s no-show problem? November 15, 2023 Ambl, which now has 600,000 downloads, was launched last year by former financial sales worker Aaron Solomon after he struggled to find a table to entertain clients.
Small pubs at risk of closure next year without business rates relief, Fuller’s boss warns November 13, 2023 The chief executive of Fuller’s, Simon Emeny, has said that an extension on business rates relief could be the difference between some small pub businesses handing back their keys next year or remaining open. Speaking to City A.M, ahead of the autumn budget next Wednesday, the frontman for the near 200 year old pub business, urged [...]
Over £6,000 wiped off average house price in last four weeks November 13, 2023 The average price of a home coming on the market fell by more than £6,000, month-on-month, in November, according to Rightmove.
Brits set to plunge themselves into £3.7bn worth of Buy Now Pay Later debt before Christmas November 8, 2023 Cash strapped Brits are forecasted to spend a whopping £3.7bn using Buy Now Pay Later (BNPL) schemes in the run up to Christmas, as the cost of living crisis continues to plunge shoppers into debt. The figure is expected to rise a staggering 8.8 per cent from the previous year, as more customers under the [...]
Naked Wines shares dive as it ousts boss and warns of falling revenues November 7, 2023 Naked Wines shares plunge after it slashes revenue forecasts and dumps chief executive