Retail footfall dips in May despite higher consumer confidence June 13, 2025 Retail footfall dropped in May amid a wider slowdown in consumer spending despite higher consumer confidence, according to new data. Total UK footfall fell by 1.7 per cent in May year on year, down from a 7.2 per cent rise in April, according to new figures from the British Retail Consortium (BRC). Footfall at shopping centres and on [...]
Conservatives vow to end oil and gas windfall tax June 12, 2025 Kemi Badenoch will call for an end to the oil and gas windfall tax, in addition to scrapping Labour’s ban on new oil and gas licences, as she seeks to bolster her pro-growth credentials. The Tory leader is expected to announce her party will be “standing up for our oil and gas industry,” in an [...]
UK housing market: ‘Not fixed, but less broken’ June 12, 2025 Decades of underinvestment, underbuilding and overegulation have clobbered the housing market. The UK is now short about 4.3m homes, with the worst crisis in cities. Labour, which made solving that crisis a central mission of its first year in government, has made tracks to get Britain building again – reforming planning, trying to bridge the [...]
Tesco is tightening its grip on the UK supermarket crown June 12, 2025 Tesco has boosted market share again as it outperforms peers in the ever-more competitive UK grocery space. In its first-quarter results this morning, the supermarket giant reported a 5.9 per cent uplift in food sales and a 6.2 per cent rise in home and clothing sales. Tesco now has 28 per cent of the UK [...]
Badenoch asks businesses to publicly back Tories June 12, 2025 Kemi Badnoch courted the private sector by promising to reverse tax rises and slating “compliance culture” in an address to the UK’s biggest businesses. The Tory leader invoked the adage that they are the “natural party of business,” while requesting her audience “speak up” in support of pro-business policies. “Put your name to the cause,” the [...]
London broker upgrades landlord GPE on expected surge in prime office rents June 12, 2025 London broker Peel Hunt has upgraded the target share price for West End property giant Great Portland Estates (GPE) as high demand for best-in-class office space is set to push up prices. GPE’s share price was 342p as of the close on June 11, but Peel Hunt brokers have set a target price of 375p. [...]
More than 240 killed after Air India flight to London Gatwick crashes June 12, 2025 More than 240 people were killed after an Air India flight bound for London crashed near Ahmedabad in north west India on Thursday. The flight, a Boeing 787-8 Dreamliner, was carrying 230 passengers and 12 crew members to London Gatwick Airport. One passenger, a British national in seat 11A, miraculously survived. It is the worst [...]
Pod Point valued at £10.6m as EDF set to takeover June 12, 2025 Struggling Pod Point is to be taken over by France’s EDF in a deal that values the company at just £10.6m. The London-listed chargepoint provider had a market capitalisation of £352m when it began trading on the stock exchange in 2021. EDF will take full control of the group via the transaction, having previously held [...]
Crest Nicholson: Profit triples as housing market recovers June 12, 2025 Housebuilder Crest Nicholson has reaffirmed its annual guidance as it reported a jump in half-year profit. The London-listed firm said adjusted pre-tax profit more than tripled to £7.9m in the six months ended 30 April. On a statutory basis, the company swung to a £9.4m profit after posting losses of £30.9m in 2024. Revenue declined [...]
‘I tried to warn them, but no one listened’ – one man’s crusade against HS2 June 12, 2025 “History will not be kind to those who, if it is pursued, push through this silly scheme.” It is not far off a decade since Lord Framlingham decided to take drastic action against HS2, the deeply troubled high-speed rail project connecting London and Birmingham. The former commons deputy speaker staged a last-ditch attempt to kill [...]
