Home sales set to hit highest level since 2007 October 26, 2021 The housing market is set to hit the highest level of sales since 2007, with 1.5m sales forecast for 2021. According to the Zoopla September House Price Index (HPI), combined market activity is set to amount to £473bn in transaction values this year. This is a £95bn hike on 2020. House price growth is currently [...]
Devolution to the regions will power a new industrial revolution October 26, 2021 Ahead of Cop26, the UK has a lot to be proud of on its climate change record. We have shown that climate action can go hand-in-hand with economic growth – as the recent Net Zero Strategy demonstrates. We are making important progress, but we need to make more. Regions like the West Midlands must be [...]
London now boasts $28bn worth of climate tech startups – more than anywhere else in Europe October 26, 2021 Climate tech investment is booming in London, where the combined value of startups in the sector has almost tripled in the last year to $28bn – ahead of rival tech hubs in Europe and beyond. London is second only to Silicon Valley in terms of the size of its ecosystem of climate tech companies, which [...]
Zuckerberg condemns “coordinated effort” to paint Facebook in a bad light October 25, 2021 Facebook’s chief executive and founder Mark Zuckerberg denounced “the coordinated effort to selectively use leaked documents to pay a false picture” of the social media platform. In his calls to investor to discuss the third quarter results, he said: “I believe large organisation should be scrutinised. I much rather live in a society where they [...]
All public sector workers to get pay rise after partial 2021 wage freeze October 25, 2021 Millions of public sector workers are set to get a pay rise in this week’s Budget as the UK faces increasing inflation growth. The Treasury tonight said the size of the wage increase will be determined next year after it has been given recommendations from pay review bodies. Rishi Sunak froze pay for all public [...]
Tory MPs call for UK government to pull out of global tax deal October 25, 2021 A pair of Tory MPs have called for the UK government to pull out of the global corporation tax deal, claiming it could cost the Exchequer billions in tax revenues. Backbenchers Greg Smith and Andrew Bridgen called for Rishi Sunak to reconsider his commitment to the deal, after he helped broker it at this year’s [...]
Schroders in talks to acquire River & Mercantile in £230m deal October 25, 2021 Asset management firm Schroders is reportedly in talks to buy River and Mercantile Group’s solutions business, Sky News reported. The deal – which will take Schroders’ assets to £750bn – will be worth around £230m, sources told Sky News’ Mark Kleinman, and could be announced as soon as Tuesday morning. Managing £43bn worth of assets, [...]
Facebook delivers good Q3 but expects Q4 to be below estimates October 25, 2021 Facebook has delivered a good progress in the third quarter of 2021, said the company’s chief executive Mark Zuckerberg while announcing the company’s results. “We made good progress this quarter and our community continue to grow,” he said. “I’m excited about our roadmap, especially around creators, commerce and helping to build the metaverse.” The social [...]
BlackRock CEO predicts a thousand sustainable ‘unicorns’ October 25, 2021 The next thousand global companies valued at over $1bn will be sustainable companies, predicts BlackRock chairman and CEO Larry Fink. Fink said, “It’s my belief that the next 1,000 unicorns – companies that have a market valuation over a billion dollars – won’t be a search engine or media company. They will be businesses developing [...]
SMEs fear high energy costs will act as a barrier to growth October 25, 2021 Seventy per cent of small and medium enterprises (SME) owners believe that high-energy costs will negatively affect the growth of their businesses, according to a new survey from Tyl by Natwest. The group questioned 500 UK SME business owners, and discovered that 65 per cent of SMEs are spending up to one fifth of their [...]
