UK house prices grew at fastest rate since 2015 in November December 1, 2020 UK house prices grew at an annual rate of 6.5 per cent in November, the fastest rate since January 2015, as the sector batted off the second national lockdown. According to Nationwide’s house price index, prices also increased on a month-on-month basis to be up 0.9 per cent compared to last November. As a result, [...]
Proposal to extend Bakerloo line to Beckenham and Hayes gathers steam November 30, 2020 A proposal to extend the Bakerloo Tube line even further south-east than previously planned has garnered considerable support from local residents, Transport for London said today (TfL). Last month the capital’s transport operator launched a consultation into the Bakerloo Line extension, which is currently meant to extend as far as Lewisham. However, TfL is also [...]
S&P Global agrees $44bn mega-deal for IHS Markit November 30, 2020 S&P Global has agreed a $44bn (£33bn) deal to buy data firm IHS Markit in a move that will create a new financial services giant.
BAE Systems lock and loads £2.4bn ammo deal November 30, 2020 Defence giant BAE Systems has today signed a £2.4bn contract to supply the UK’s armed forces with ammunition for the next 15 years. The Ministry of Defence said that the deal would support 4,000 jobs around the country over the next decade and a half. The Next Generation Munitions Solution (NGMS) will see BAE make [...]
Easyjet working with restructuring heavyweights Alix Partners to reduce debt pile November 30, 2020 Low-cost carrier Easyjet is working with restructuring heavyweights Alix Partners in an attempt to refinance its hefty debt pile. The Telegraph first reported that the FTSE 250 carrier had asked the US firm for help as it is faced with paying back £1.4bn in debt to various lenders. The airline must repay a £600m loan [...]
Gold miner Petropavlovsk appoints new chief exec November 30, 2020 Russian gold miner Petropavlovsk has today appointed Denis Alexandrov as its new chief executive, months after clearing out its former top team. Alexandrov, who will join the firm on 1 December, will take over from Maxim Meshcheryakov, who has been the FTSE 250 firm’s acting chief exec since August. From January 2016 to this year, [...]
FTSE 100 remains on track for best month in 30 years November 30, 2020 The FTSE 100 reversed early losses this morning to remain well on track for one of the best months in its history in November. London’s premier index gained 0.4 per cent this morning, meaning it is is set for a monthly gain of over 13 per cent – its best in 31 years. JD Sports [...]
G4S board calls for no shareholder action as Gardaworld extends offer until 16 December November 30, 2020 Gardaworld has pushed back the deadline for its 190p per share offer to buy outsourcer G4S by a month, it confirmed this morning. Shareholders in the FTSE 250 company will now have until 16 December to accept the offer, which was first made on 17 October. Responding to the announcement, G4S released a statement reiterating [...]
Mike Ashley offers Philip Green’s embattled Arcadia emergency funding November 30, 2020 Mike Ashley has offered emergency funding to fellow retail billionaire Sir Philip Green’s Arcadia empire, which is on the brink of bankruptcy. After speculation that a deal was in the offing over the weekend, Ashley’s Frasers Group today confirmed that it had offered the Topshop-owner £50m in loans. It added that should the company enter [...]
Housing market confidence cools in November November 30, 2020 Confidence in the UK housing market cooled in November, with fewer people thinking that their property increased in value compared to last month. Bankers Halifax said that just 14 per cent of people surveyed said that they believed their home had become more valuable this month, compared with 17 per cent in September and October. [...]
