Lotus Emira revealed: new sports car takes on Porsche Cayman and 911 July 7, 2021 The wraps are off the new Lotus Emira. The sports car offers up to 400hp from four-cylinder or V6 engines, plus styling inspired by the Evija.
Airlines begin checking vaccination status as end to quarantine beckons July 7, 2021 Heathrow trial with BA and Virgin readies staff and travellers ahead of end to quarantine rules
Redrows expects turnover to hit nearly £2bn following strong house sales July 7, 2021 UK housebuilder Redrows expects turnover for its 2021 financial year to be £1.94bn, following strong sales in the housing market this year. A turnover of £1.94bn would be a marked increase from 2020’s £1.34bn, but below 2019’s £2.11bn. In an market update this morning, Redrows said legal completions are expected to be 5,620 for the [...]
Covid unlocking fuels sales growth at Ten Entertainment July 7, 2021 Robust consumer spending and the release of pent-up demand after the lifting of Covid restrictions fuelled sales growth at bowling and family entertainment provider Ten Entertainment. Total sales growth since reopening on 17 May has been robust, up 27.4 per cent compared to the same period in 2019 – before the pandemic. Read more: Consumer [...]
Exclusive: London edtech firm Unibuddy raises $20m after pandemic boost July 7, 2021 London-based education technology firm Unibuddy has raised $20m (£14.5m) in fresh funding to help fuel its global expansion after a bumper pandemic year. Unibuddy, which allows prospective university applicants to chat with existing students and staff, raised the funds in a series B round led by Highland Europe, with further participation from Stride.VC. The company, [...]
Foxtons’ chair steps down in wake of ‘impaired’ trading performance July 7, 2021 Chairman Ian Barlow has announced his intention to step down from Foxtons’ board later this year, after the estate agent’s share price plummeted during the Covid pandemic. Barlow will step down no later than 31 December 2021 after nearly nine years on the board. Foxtons has had a tough year fending off criticism from [...]
Land bank at Vistry surges amid housebuilding push July 7, 2021 London-listed housebuilder Vistry rapidly expanded its land bank over the last year as it ramped up home building activity. The firm increased its controlled land bank by c.1,600 over the last 12 months, it said in a trading updated published today. The firm also acquired 5,642 new plots over the same period. Read more: House [...]
House prices fall for the first time this year as stamp duty holiday winds down July 7, 2021 The price of the average UK property fell last month for the first time this year, as the end of the most generous stamp duty holiday loomed. House prices fell 0.5 per cent in June, down £1,284 to an average price of £260,358, according to figures from Halifax. The new figures mean annual house price [...]
Philip Green’s wife Tina paid £50m by Topshop administrators July 7, 2021 Tina Green, the wife of former retail tycoon Philip Green, received £50m in May from Topshop’s administration. The £50m was lent to Topshop as part of an emergency restructuring in 2019 and secured against a warehouse in Northamptonshire. In the wake of the collapse of parent company Arcadia, the space was sold for £83m, the [...]
Insurance chief Nick Lyons picked as new Lord Mayor of London July 7, 2021 Insurance bigwig Nick Lyons has reportedly been appointed as the next Lord Mayor of London after a secretive election in the Square Mile. Lyons, who is chairman of insurer Phoenix and a board member of Bupa, is said to have been picked for the role last night by the City of London Corporation’s Court of [...]
