Almost half of Brits stop saving and paying into pension due to short-term money problems September 7, 2022 Almost half of Brits have stopped saving, investing and paying into pensions because of short-term financial pressures. With soaring inflation, rising interest rates and an impending increase in energy bills, 46 per cent of those polled by NerdWallet say they’ve cut back on long-term money planning. Among those who are cutting back, 43 per cent [...]
New housing secretary must ease rental supply crisis, say UK landlords September 7, 2022 The new housing secretary’s first port of call must be to ease the rental housing supply crisis in the UK, according to a national body of landlords today. Freshly appointed Conservative party leader and prime minister Liz Truss yesterday outlined her cabinet, posting Simon Clarke as housing secretary. Chief executive of the National Residential Landlords [...]
Amid ‘hostile takeover’ bid M&C Saatchi reports 52 per cent profit increase before tax September 7, 2022 Advertising giant M&C Saatchi reported a near 10 per cent increase in revenue and 52 per cent rise in profit before tax from last year, despite the ongoing drama of its hostile takeover. The London-listed creative company increased its headline operating profit margin by 14 per cent. M&C Saatchi had almost £40m in net cash, [...]
Housebuilder Barratt shares slide despite pandemic recovery and £5.2bn revenue September 7, 2022 Housebuilder Barratt Developments’ shares slid this morning despite its construction output recovering to pre-pandemic levels and a rosy revenue of £5.26bn. The FTSE-listed housebuilder’s annual results coincided with a caution from Halifax today, warning of a housing market slowdown amid the cost of living crisis, soaring energy bills and rising mortgage interest rates. Completions climbed [...]
Bitcoin price falls below $19k for first time since July September 7, 2022 The price of Bitcoin yesterday dropped below $19k and is currently changing hands for $18,777 – a 5.74 per cent drop over the past 24 hours.
Heineken takes full ownership of London’s Beavertown Brewery September 7, 2022 Heineken has purchased all remaining shares of Beavertown, meaning it now has full ownership of the London brewery. The Dutch brewer snapped up a minority share in the North London craft brewer in 2018. The two firms did not reveal the purchase amount for the remaining shares on Wednesday. Within the latest deal, Beavertown founder [...]
London house prices hit record £554,718 after highest annual growth in six years September 7, 2022 The average cost of a home in London has hit a record £554,718, after reporting the highest annual house price inflation in six years, according to the country’s longest running index. While house price growth in the capital has continued to lag behind other parts of the UK, the rate of annual growth now stands [...]
Kistos reports pandemic rebound powered by soaring oil and gas prices September 7, 2022 Kistos has reported robust earnings for the first six months of the year, boosted by increased production and near-record gas prices.
Forgot about Dre: New health sec Thérèse Coffey’s alarm goes off on LBC September 7, 2022 Health secretary Thérèse Coffey treated early morning LBC listeners to Dr. Dre as her 8am phone alarm went off on air. The newly-minted secretary of state, who is also deputy prime minister, was speaking on the radio about ambulance waiting times and how to fix the NHS when her bag started making a noise. Host [...]
Halfords warns cost pressures could lead to road safety risks September 7, 2022 Halfords share price boomed more than 10 per cent on Wednesday morning, following a trading update. Halfords saw like for like sales dip 1.9 per cent compared to the year before, for the 20-week period to 19 August 2022. Sales last year benefitted from the end of the Covid lockdown in the UK. The motoring [...]
