Experian to acquire London fintech startup Clearscore in £275m deal Experian, the world’s biggest credit data company, has bought London-based fintech company Clearscore in a £275m deal. The credit checking firm's CEO Brian Cassin said the deal was “another important step in our strategy to extend the services we provide to UK consumers”. Clearscore launched in July 2015 and now offers over 6m UK customers [...]
Asian investors pour record amounts of cash into City skyscrapers Asian investors poured record amounts of money into London skyscrapers in the first six months of this year, with a whopping 68 per cent of City office purchases coming from Asia. According to research from real estate firm Savills, which looks at offices in the City over 20 floors, Asian buyers invested £3.1bn in the [...]
City house prices plummet as London market continues to cool The price of homes in the City and its surrounds has slumped as the London market continues to chill, according to a study from real estate firm Your Move. The research showed that house prices in the City fell 25.9 per cent in the year to April, although this was only on a small number [...]
As the weather heats up, London house prices settle in for a chill June 18, 2018 As the often busier spring housing market comes to an end, the price of homes in London has continued to drop, according to a highly regarded report from Rightmove, the UK's largest online real estate company. The Rightmove house price index shows that new homes on the market this month were priced 0.9 per cent [...]
Tesco boss and CBI president John Allan calls for ‘orderly’ Brexit June 17, 2018 The chairman of Tesco and Barratt Developments, John Allan, has hit out at the government and called for an “orderly” Brexit that is best for business. In an interview with the Daily Telegraph, Allan said that leaving the EU is “going to have an impact on the economy” and said the UK needs to the [...]
Apple files patent application for a wristband that can monitor blood pressure June 17, 2018 American tech giant Apple has filed a patent application for a wristband that can monitor blood pressure, according to documents made public last week. The device may not be directly linked to the Apple Watch, but could be a new device altogether, and marks a transition for the company from creating healthcare apps to launching [...]
London house prices continue to fall as capital sees UK’s sharpest drop June 14, 2018 London’s house prices have continued to fall in May, with the capital seeing the UK's biggest decline, according to surveyors. A highly-regarded survey published this morning also revealed that London is the only region where prices are expected to fall further over the next year. The report, published by the Royal Institution of Chartered Surveyors [...]
Petra Diamonds share price tumbles over 20 per cent as company fights to raise £127.4m June 14, 2018 Shares in mining company Petra Diamonds have fallen 23 per cent this morning, after the company flooded the market with new shares in an effort to raise £127.4m. Shareholders approved the rights issue to help cut the company’s debt burden at a special general meeting yesterday by a 99 per cent majority, driving share prices [...]
Vue Entertainment to postpone IPO after major Canadian shareholder considers selling stake June 14, 2018 The UK's largest cinema chain, Vue Entertainment, may postpone its plans for a stock market float after news that one of its biggest shareholders is considering selling its stake in the company. According to Sky News, which first reported the reshuffle, Canadian company Alberta Investment Management Corporation (Aimco) is seeking a buyer for its ts [...]
As UK house prices soar, first-time buyers struggle much more than mum and dad did June 12, 2018 A third of UK residents preparing to buy their first house are struggling to save enough money for a deposit – six times the proportion of people who bought their first house 20-30 years ago. That’s according to a 2,000-person survey carried out by self-storage company, Space Station, which asked 1,000 Brits who are currently [...]
