City Hall gives go-ahead for more housing July 28, 2015 LONDON Mayor Boris Johnson will give three more areas in the capital special status as Housing Zones today. The announcement marks the latest development in City Hall’s efforts to expand London’s housing supply, which the mayor said will increase the number of affordable homes in the capital by 50,000. Neighbourhoods in Brent, Westminster and Sutton [...]
Price war looms after BlackRock slashes fees to offer cheapest fund on the market July 28, 2015 The battle to invest savers’ cash ramped up yesterday after fund giant BlackRock slashed fees on their most popular funds by 50 per cent, giving it the cheapest fund on the open market. The company, which manages $4.7 trillion for investors, said it would cut fees on its UK equity FTSE tracker fund to 0.07 [...]
George Osborne’s budget deficit elimination plan gets IMF seal of approval July 28, 2015 Chancellor George Osborne’s plans to eliminate the budget deficit by 2020 received a thumbs up from the International Monetary Fund (IMF) yesterday. While some have argued that his aim to balance the state books is a risk to the UK’s economic recovery, the IMF said that sustainable growth would require moving away from public [...]
London buyers and renters see big drop in affordability in June July 28, 2015 LONDON house prices were 9.2 per cent higher in June than the same month last year, according to figures published by the Land Registry yesterday. The capital outpaced the rest of England and Wales, where price growth averaged 5.4 per cent. Rents are up to, with average rent in London climbing to £699 in the [...]
Domino’s Pizza shares tasty as profits surge July 28, 2015 INVESTORS feasted on Domino’s Pizza shares yesterday as the Pepperoni Passion and Mighty Meaty pizza-maker posted better than expected first half profits. The company, which has over 900 stores in the UK and Europe, said sales increased by 14 per cent to £426.7m in the six months to 28 June while underlying operating profits jumped [...]
Majestic to roll out Naked Wines click and collect service in stores July 28, 2015 Majestic Wines said yesterday it will launch a Naked Wines click-collect service in stores across the UK following its £70m acquisition of the younger crowdfunding business earlier this year. The wine retailer said the service had proved a hit with Naked Wines customers after a trial at 22 stores, with over 2,900 orders placed. [...]
Nigel Rich to step down as Segro chairman July 28, 2015 Warehouse developer Segro announced yesterday that its chairman Nigel Rich will step down after a decade in the role. The FTSE 250 company, which owns or manages £6.4bn of assets across Europe covering 5.7m square metres, said Rich will retire at the annual general meeting next year. It has already kick-off the search for his [...]
Drax Group share price powering up as firm swings back into profit July 28, 2015 Shares in power station firm Drax Group leapt up by almost 10 per cent yesterday, after the company swung back to a profit in the six months to 30 June. Drax posted pre-tax profit of £53m, up from a loss of £11m in the same period last year, and increased its dividend to 5.1p per [...]
Underground tiles get Scottish spruce up July 28, 2015 SOME mosaics by post-war sculptor Eduardo Paolozzi, installed at Tottenham Court Road station in 1984, are being moved to Scotland. TfL said five per cent of the mosaics will be taken to the Edinbugh College of Art for restoration. The rest will stay put to be enjoyed.
Michael Bloomberg pays £16m for seven-bed second home in Chelsea, London July 28, 2015 They say that the rich and powerful are moving out of central London in favour of Canary Wharf, but former Mayor of New York Michael Bloomberg has just shelled out £16m on a seven-bed 18th Century mansion in the heart of Chelsea. Bloomberg once called London his “second home”. Clearly not content with the [...]
