Bellway forecasts average selling price will top £305k in hiked guidance March 29, 2022 Property developer Bellway has said it expects its average selling price to be more than £305,000, up on previous guidance. In half-year results, revenue rose 3.5 per cent to £1,780m, up slightly on 2021’s figure of £1,720m. The housing developer said the forward visibility provided by the order book meant that the average selling price [...]
City Moves: Who’s switching jobs in the Square Mile? March 29, 2022 City A.M.’s Millie Turner provides a roundup of the most important hires and job moves across the City, every morning. Email citymoves@cityam.com to be featured. Dominvs Group London-based real estate developer Dominvs Group has appointed the former CEO of Travis Perkins Properties (TPP) as a senior advisor. Martin Meech steps onto the board with more than four decades of property experience, spanning M&A, strategic development, finance structuring, and [...]
Exclusive: Support scheme for SMEs post-Covid has hit just 1 per cent of its target March 29, 2022 Rishi Sunak’s scheme to boost the productivity of British small and medium-sized enterprises (SMEs) post-Covid has hit just one per cent of its target since it was launched last July. The government wants 30,000 businesses to complete the Help To Grow management scheme – which offers subsidised business training – however just 402 SMEs have [...]
OEUK warns of overseas fossil fuel dependence as Norway becomes UK’s main gas supplier March 29, 2022 OEUK has revealed the UK could have to rely on external suppliers for 80 per cent of gas supplies and 70 per cent of oil by 2030.
Sadiq Khan pumps £10m into rebuilding London as international tourist hub March 29, 2022 London's mayor Sadiq Khan has redoubled his commitment to boost tourism in the capital as new data has revealed the number of West End visitors is still lagging 16 per cent below pre-pandemic levels.
Twenty penalties for Number 10’s ‘partygate’ set to be dished out March 28, 2022 Twenty fines are set to be issued to twenty people following police investigations into the infamous ‘partygate’ at Downing Street and Whitehall during lockdown.
The Oscars launches formal review after Will Smith slaps Chris Rock at live ceremony March 28, 2022 The Oscars film academy has formally condemned Will Smith for slapping Chris Rock and has launched a formal review into the incident. Jaws dropped during last night’s ceremony after acting super star and Oscar winner Will Smith climbed on stage to slap gag comedian Chris Rock for a joke about his wife Jada Pinkett Smith. [...]
Another bad day for Barclays but it’s Staley’s shadow that looms March 28, 2022 No conspiracy, just cock-up. That seems to be the conclusion to draw from Barclays’ statement yesterday that it had managed to overshoot its regulator-agreed limits with all the reckless abandon of a student enjoying the first week of university. In this case it was the selling of complex securities rather than discount vodka shots, but [...]
Second P&O ferry grounded following sackings row March 28, 2022 Another P&O ship is being detained as the ferry firm rides of the waves of the ongoing sackings scandal, which saw the firm replace 800 seafarers with lower-paid crew. As reported by Sky News this evening, The Maritime and Coastguard Agency (MCA) said earlier in the day that the Pride of Kent was undergoing checks [...]
Credit Suisse slashes Russian exposure as lawmakers probe sanction compliance March 28, 2022 Scandal-stricken bank Credit Suisse has announced it will stop pursuing new business in Russia and slash its current exposure to the country, as it comes under fire from US lawmakers over potential breaches of sanctions rules.
