High-end estate agent Savills blames interest rates for profit crash March 14, 2024 Commercial and residential estate agent Savills made a loss during the full year, as rising interest rates hindered activity.
Empiric Student Property earnings skyrocket thanks to student housing shortage March 14, 2024 Empiric Student Property reported strong earnings growth in 2023 as the number of full-time students in the UK reached over 2.2 million.
London Underground chaos as Metropolitan, Northern Line and Overground severely disrupted March 14, 2024 Commuters are facing chaos on the London Underground this morning after signalling issues and faulty trains caused severe delays and suspended services.
Deliveroo ends 2023 on a high, expects positive cash flow in 2024 March 14, 2024 Strong demand for takeaways and lower costs helped Deliveroo record positive earnings before interest, taxes, depreciation, and amortisation (EBITDA) last year.
OneSavings Bank shares tank as profit slumps on mortgage customers racing to refinance March 14, 2024 OneSavings Bank has posted a slump in annual profit after the bank took a £181.6m hit from changing customer behaviour, while it has softened the blow to investors by announcing a new £50m share buyback.
Motor finance probe accelerates as FCA chief warns it’s ‘improbable we’ll find nothing’ March 14, 2024 The Financial Conduct Authority said it is looking to accelerate its probe into the motor finance market today as chief Nikhil Rathi warned that it is “improbable we will find nothing to report”.
Smartspace: Another London firm looking to go private with £28.4m buyout offer March 14, 2024 Software company Smartspace has received a £28.4m buyout offer (90p a share) from Sign In Solutions, the firm said today.
Nationwide must act in members’ interests on Virgin Money deal March 14, 2024 Mark Kleinman writes a weekly column for City A.M., this week on Nationwide, the 'British ISA' and Martin Gilbert's latest venture
Open access: The quiet revolution that might just fix Britain’s broken railways March 14, 2024 Open access is offering a fresh approach to the solving British rail's ongoing financial struggles, with more commercial freedom and reduced ticket fares.
More than £80m spent on remote working kit for ‘couch potato’ HMRC staff March 14, 2024 The taxman purchased over 175,000 laptops, tablet computers, phones, and desktops at a total cost of £82,609,759 over the last three years.
