Joy for landlords as renter demand causes stock surplus to evaporate September 28, 2021 A stock surplus in properties available to rent has started to disappear, as demand from tenants is on the up. The rental market stock surplus is now at a lower level than before Covid hit, according to research from buy-to-let specialist, Sequre Property Investment. The level of stock surplus climbed when the pandemic hit in [...]
Linen firm Julian Charles changes course after appeal to younger consumers September 28, 2021 Bedding retailer Julian Charles has revealed a successful turnaround at break-even position after posting a multi-million pound loss. The linen firm hit an EBITDA break-even point in the six month period ended April 2021, under new ownership by SKG Capital. Appealing to younger customers with new designs had helped the business reverse its fortunes, it [...]
Now pubs and bars call for visa help as staff shortage bites September 28, 2021 Restaurant and pub bosses have pleaded for ‘easy visas’ to help fill vacancies as they desperately try to recruit enough staff to keep the doors open. Patrick Dardis, CEO of London-based pub group Young’s told City A.M. yesterday that the UK needed to open up the job market to the EU to increase the labour [...]
Demand to buy in London soars thanks to office return September 28, 2021 Demand for homes in London has risen 14 per cent over the last month as Brits rush back to the office. Prospective Londoners appear keener to purchase homes rather than flats, with homes marking an increased demand of 25 per cent compared to a six per cent boost for flats. Average UK house prices have [...]
London is back: Footfall boost as Brits return to city centres September 27, 2021 London enjoyed a 6.5 per cent boost in shoppers last week, ahead of national figures for increased footfall. Office workers have returned in droves this month while international tourism to the city is slowly picking too. Retail experts Springboard said footfall across UK retail destinations rose 2.7 per cent last week from the week before. [...]
Boohoo: Long journey to win back investors after worker neglect September 27, 2021 Online fashion retailer Boohoo faces an uphill battle in overcoming its reputation after poor treatment of garment workers. The fast fashion giant has made moves to improve problems in its supply chain in recent months and to make itself more transparent to consumers – but it may not be enough. Analysts said the measures looked [...]
Pfizer to seek permission in US to give Covid vaccines to under-12s in days September 27, 2021 Vaccine giant Pfizer/BioNTech is set to ask for permission to vaccinate US children under 12 soon. The firm said it would submit data on children aged five to 11 to the Food and Drug Administration (FDA) for consideration very shortly. “It is a question of days, not weeks,” Pfizer chairman and CEO Albert Bourla told [...]
Job seekers offered free broadband September 27, 2021 Job hunters can apply for six months of free broadband to help them look for a job. Telecoms company TalkTalk and the Department for Work and Pensions have teamed up to address digital exclusion and lift barriers to employment. The voucher scheme will give people access to uncapped broadband after it was trialled in Greater [...]
London will continue to see weakest house price growth until 2024 September 27, 2021 London is set to underperform the rest of the country on house price growth until 2024, when growth will accelerate. Prices in the city have been forecast to end the year up 1.5 per cent, according to the latest housing market forecast from estate agents Hamptons. London prices are then predicted to rise by one per [...]
Renters return to London with a vengeance as City workers want to walk to work September 27, 2021 London prices have recorded the strongest quarter of growth in over a decade as the capital’s prime rental market now leads the recovery. A return of office workers and employees relocating for work meant prices were up 2.9 per cent in the third quarter, the strongest quarter of growth since March 2011, according to Savills. [...]
