Foxtons reports strong results as renters return in droves to London October 28, 2021 Estate agent Foxtons has reported strong third quarter results, driven by sales transactions at their highest level in five years and rental tenants returning to their pre-Covid living arrangements in the City. The sales and lettings agency reported sales revenue of £38.3m, up 114 per cent from £17.9m in the third quarter last year, and [...]
New: Waterloo & City line to operate all day by the end of November October 28, 2021 THE WATERLOO and City Line will return to a full weekday service before the end of next month. ‘The Drain,’ which runs from Waterloo to Bank, has been running a limited services around morning and evening peaks since the service was restarted after pandemic lockdowns in June. The service will run every three minutes at [...]
Travis Perkins builds sturdy sales growth as cost inflation swells four per cent October 28, 2021 Building materials business Travis Perkins has posted solid sales growth in its third quarter trading update, which flies in the face of global supply chain troubles and a raw material pricing crisis. The London-listed builders merchants has continued a pandemic-era momentum – which saw many households undertaking DIY projects during lockdown – with like-for-like sales [...]
Reserve release boosts Lloyds profits October 28, 2021 The release of reserves set aside to deal with an expected wave of pandemic-induced defaults boosted Lloyds’ profits. Profit before tax at Britain’s biggest mortgage lender in the three months to September climbed around £1bn compared to the same period last year. Lloyds’ bottom line was raised by the release of over £80m in reserves [...]
Sunak might be teetotal – but he needs to sober up from his super-spending October 28, 2021 The definition of addiction is the serious, chronic dependence on a substance or activity. After watching the Chancellor spend almost an hour trumpeting eye-watering increases in public spending, we now have every reason to believe that this government is hooked on splashing taxpayers’ money. The next immediate hit – securing a headline about another couple [...]
Shell earnings slide as shareholders miss out following £3.4bn pay day – CityAM : CityAM October 28, 2021 Shell adjusted earnings slipped 25 per cent to $4.1bn in its third quarter unaudited results, while its shareholders missed out following their hefty pay day. Shareholders lost $477m in the period, after raking in $3.4bn in the previous quarter. The energy giant’s net debt shrank to $57.4bn in the quarter, while free cash flow increased [...]
Before we give London’s transport to the rest of the UK, we should fix it here first October 28, 2021 The only standout mention of the capital in yesterday’s budget was a promise to bring “London-style transport settlements” to regions across the country. On the face of it, this is an entirely sensible aspiration. Many other cities would love to have London’s mix of cheap, frequent buses with flat fares, a fast reliable and wide-ranging [...]
Radio is very much alive, with the highest audience ever recorded October 28, 2021 Commercial radio is reaching 36.8 million people across the UK, the biggest audience it has ever recorded, according to official audience data provided by RAJAR, the body responsible for measuring radio audiences.
Britain will launch Cop26 in Glasgow while taxpayers are still funding fossil fuels October 28, 2021 On Monday, the parliamentary committee for International Development demanded the government stop investing in the fossil fuel sector, including through its private-sector arm, the CDC Group. CDC is investing hundreds of millions of precious aid money in fossil fuel companies that compound the climate crisis. Propping up the fossil fuel industry will inevitably mean more [...]
Partner at Mazars, Nargis Yunis CA, on the power of mentoring October 28, 2021 London-based CA and Partner at Mazars, Nargis Yunis CA, talks to ICAS about the power of mentoring. Nargis, who is third generation British-Pakistani from the Midlands, moved to London when she started training as a CA with PwC. Since graduating in 2006, she has built a career in wealth and asset management: “I have enjoyed [...]
