NatWest ups dividends as profits surge on the back of interest rate hikes July 29, 2022 NatWest today upped its dividend after its pre-tax profits increased 13 per cent to more than £2.6bn for the first half of 2022. Higher lending incomes on the back of the Bank of England’s interest rate hike lifted NatWest’s finances and saw the bank raise its full-year revenue forecast to around £12.5bn, up from previous [...]
Rightmove’s profits and revenue up while average of 1.5bn minutes spend on site a month July 29, 2022 Renting site Rightmove had a spike in both profits and revenues in the first half of the year, as customers spent an average of 1.5bn minutes on its site per month. It raked in £162m in the first half of the year, up nine per cent on 2021, while its operating profit was at £121.3m, [...]
City Moves: Who’s switching jobs in the Square Mile? July 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. Cadogan Chelsea-based property manager and investor Cadogan has hired a new head of place, as footfall in the district rises. Giles Semper, who brings more than two decades experience to the new position, having joined most recently [...]
Sunak’s green belt ban is a plea to Tory members but will fall flat at an election July 29, 2022 YOU would be forgiven for thinking Rishi Sunak woke up yesterday morning and decided to troll young Londoners. The former Chancellor of the Exchequer has struggled to build momentum behind him since taking the lead in the first series of votes to pick the Tory leader. Where he surged ahead to win the support of [...]
London’s ULEZ must be fair and effective or risk reversal July 29, 2022 THE CLIMATE is changing rapidly. We saw that with the heatwaves that swept the country and the fires raging in Europe. But climate action can’t steamroll over people, or make them poorer as an economic crisis sets in. Well-meaning but unfair policies will, after all, eventually be unwound. No policy is a better example than [...]
The Great Resignation is ripe for a backlash with a flood of new boomerang employees July 29, 2022 THE so-called Great Resignation saw employees all over the world quit their jobs in search of something better. Whether dissatisfied with their career progression, disenchanted with the company’s leaders, or simply embarking on a search for greener pastures, employees may have many reasons when they hand in their notice – but the fact is that [...]
Areas near 2012 London Olympics continue to see economic boost after a decade July 29, 2022 A decade after the London Olympics, areas nearby the event are continuing to feel positive economic impacts. Stratford’s E15 district has seen its economic vitality index score grow by nearly a quarter, according to analysis firm Evaluate Locate, some 15 per cent higher than the average rate seen across the rest of the country. The [...]
Letters: Jump on the treadmill July 29, 2022 [Re: Millions of Brits can no longer afford the gym as inflation eat way at budgets, yesterday] The economic crisis we face is one that will affect us for many years to come, and not just in the most obvious ways. We’ve been so focused on making sure people can afford their energy bills – [...]
Exclusive: OEUK defends windfall tax’s investment relief and calls for domestic energy ramp-up July 28, 2022 The UK's leading industry body for offshore energy has defended the continued inclusion of investment relief within the windfall tax.
Yet another ‘housing policy’ designed mainly to frustrate housebuilding July 28, 2022 Pictured in an olive, recently waxed Barbour jacket in front of rolling green hills, Rishi Sunak looked every bit the country gentleman in pictures posted to his social media accounts yesterday. The reason? A commitment to protect the green belt. “We’ve seen too many examples of local councils circumventing the views of residents by taking [...]
