TfL tells City commuters ‘find another way’ as Northern line branch set to close November 5, 2021 City commuters face months of travel disruption as key London Underground stations are set to be closed next year. Planned works at Bank and Monument stations mean that the Northern line (Bank branch) will be closed from January 15 to mid-May 2022. There will be no Northern line trains at Bank, London Bridge, Borough, and [...]
Criminal gangs stole £350m from Covid support schemes November 5, 2021 Fraudsters taking from Covid support schemes have cost the taxpayer almost £5bn, new analysis has revealed. Organised crime gangs took £350m from schemes including the furlough Coronavirus Job Retention Scheme, the Self-Employment Income Support Scheme, and the subsidised meals initiative Eat Out to Help Out. A remaining £4.6bn was taken opportunistic fraudsters, according to figures [...]
Virgin Media O2 owner fuels speculation of mobile firm float November 5, 2021 One of Virgin Media O2’s owners has added to speculation of an anticipated float of the £31bn mobile arm. Mike Fries, chief executive of Liberty Global, suggested to investors that a public listing of the mobile and broadband firm could be as soon as next year. On a call with investors, Fries said: “We have [...]
UK house prices surpass £270k November 5, 2021 UK house prices have hit a record high as the average property tops £270,000. Annual house price inflation has reached 8.1 per cent, from 7.4 per cent, according to Halifax’s house price index. London has remained the weakest performing area of the UK by quite a stretch. Annual inflation was 0.8 per cent, compared to [...]
Prime London sales hit highest yearly growth since 2015 November 5, 2021 The Prime London sales market has marked the highest annual growth since September 2015, as consumer confidence bounces back. Average prices across central areas including the City of Westminster and the Royal Borough of Kensington and Chelsea increased by 1.2 per cent in the year to October. September was the sixth consecutive month of annual [...]
Property developers shares lift after rates held November 4, 2021 Property firms and house builders’ shares have surged following the Bank of England announcing it will hold rates at the same level. The country’s largest commercial property development company Land Sec has seen shares lift by just under four per cent, following the news. What’s more, developer British Land saw shares rise by more than [...]
Fulham Shore shares rise as pizza chain plots Greek expansion November 4, 2021 Franco Manca’s owner saw shares jump after it declared the pizza chain was eying Greece in its expansion plans. Fulham Shore’s share price shot up more than seven per cent on Thursday morning, following an update from the group. Franco Manca will launch in Greece with a local franchisee planning to open at least six [...]
Estate agent Purplebricks shares topple after drop in supply November 4, 2021 Online estate agent Purplebricks’ shares plummeted following a trading update highlighting a drop in supply in the market. In an update on Thursday, the estate agent said for the six months ended October 31, the market had been “challenging.” Its share price dropped more than 35 per cent on Thursday morning. “New instructions have slowed [...]
Chancellor unveils £5 coin to commemorate Gandhi November 4, 2021 The Chancellor has unveiled a commemorative £5 coin that pays tribute to Mahatma Gandhi. The coin is part of the Royal Mint’s wider collection focused on the Hidnu festival of Diwali. It depicts India’s national flower the lotus and goes on sale today (Thursday November 4). The special collectors’ coin was designed by Heena Glover [...]
Boohoo close to settlement agreement over fraudulent pricing action November 4, 2021 Online fashion retailer Boohoo has said it is close to a settlement agreement over a class action about misleading customers on pricing. A case filed in California alleged that the Manchester based company offered heavy discounts to US customers based on inflated original prices, which allegedly it had never asked customers to pay in the [...]
