Rate pain takes its toll as home sales tumbled almost 30 per cent in May June 30, 2023 Home sales tumbled by 27 per cent in May compared with the same month a year earlier, according to HM Revenue and Customs (HMRC) figures. Across the UK, 80,020 transactions were recorded in May 2023, which was also 3 per cent lower than in April 2023. HMRC’s report said the big fall compared with May [...]
John Lewis submits £500m London planning bid for 800 homes – but questions remain about affordability June 30, 2023 John Lewis is pressing on with its shift away from the high street and into residential property by submitting initial planning applications for new ‘build to rent’ homes in the capital The hard-hit retailer submitted proposals for nearly 800 rental homes on London sites in West Ealing and Bromley, with plans for a site in [...]
EP: 212 Newcastle, Newmarket & Hong Kong June 30, 2023 Saturday’s eight-race card at Newcastle features the Group 3 Chipchase Stakes alongside the long distance Northumberland Plate, with Newmarket staging two Listed contests in addition to the Group 3 Criterion Stakes. City AM Racing editor Bill Esdaile previews the best of Saturday’s UK action, with Wally Pyrah discussing Saturday’s meeting in Hong Kong. Hosted by [...]
Bitcoin turns bullish as curious crypto market leaders emerge June 30, 2023 While Jason Deane was crashing last week, the crypto markets certainly aren’t today with green across the board.
Starling Bank: Five things that defined Anne Boden’s time at the top June 30, 2023 The chief and founder of digital lender Starling Bank Anne Boden will hand over the reins to her number two today as she steps back from the top job after nine years. Boden has undoubtedly blazed a trail in British banking. The Swansea native remains the only woman to have launched a bank in the [...]
Three quarters of Brits concerned about UK authorities controlling money via a CBDC June 30, 2023 Research from Trezor has revealed concern over the government's plans for a central bank digital currency (CBDC).
British Gas owner boosts biggest gas facility storage – and calls for investment changes to ramp it up further June 30, 2023 Centrica has expanded Rough but has called for changes in the investment regime for it to bring the site back to full capacity again.
Super sewer still on track despite Thames Water troubles June 30, 2023 It is “inconceivable” that Thames Water’s financial woes will derail London’s new super sewer, says Tideway boss.
Lord Goldsmith, accused of undermining partygate probe, quits government due to its ‘apathy’ on the environment June 30, 2023 Foreign Office minister Lord Goldsmith has announced his resignation over what he described as Government “apathy” towards the environment. In a scathing letter to the Prime Minister on Friday, the Tory peer accused Rishi Sunak directly of being “simply uninterested” in climate issues. The departure comes just a day after the peer was censured in [...]
FTSE 100 close: London markets end week higher after boost from US GDP June 30, 2023 London markets closed the week higher on Friday after revised US growth figures showed the world’s largest economy was performing better than expected. The capital’s premier FTSE 100 index rose 0.91 per cent to 7,538.36 while the midcap FTSE 250 climbed 0.90 per cent to 18,434.23. Investors were buoyed by stronger than expected growth in [...]
