Revealed: The top 10 most affordable London boroughs for first-time buyers June 25, 2019 The City of London is the least affordable London borough for first-time buyers, according to new research that has ranked the capital’s best and worst spots for hopeful homeowners. Hackney, Haringey, Brent and Camden joined the Square Mile as the five most unaffordable boroughs in London based on the net wage and time taken to [...]
Jackpot deal: Eldorado snaps up Caesars in major casino purchase June 24, 2019 Gambling giants Eldorado Resort and Caesars Entertainment are hoping to win big after signing an $17bn (£13.6bn) merger that is expected to create the world’s largest casino operator. Eldorado has revealed plans today for a cash-and-stock deal to acquire Caesars, in a move that would see it run roughly 60 casino resorts and gaming facilities [...]
Consumer spending to outperform economy as a whole but challenges lie ahead June 24, 2019 Consumer spending is forecasted to outperform the economy as a whole in the next year, but growth in households’ real disposable income is set to slow down after a spike in 2018. The EY ITEM Club has predicted that consumer spending will rise 1.6 per cent in 2019 and 1.7 per cent in 2020, falling [...]
‘A dozen’ Tory MPs could back no confidence vote for no-deal Brexit June 24, 2019 A group of Conservative MPs could put their weight behind a vote of no confidence to block a no-deal Brexit, a junior defence minister warned today. Tobias Ellwood told the BBC that “a dozen or so” Tory MPs would use the measure, which could topple the government and trigger an election, if the UK left [...]
Hargreaves Lansdown execs to defer bonuses amid Woodford fund troubles June 23, 2019 Two senior executives at Hargreaves Lansdown have echoed the actions of the firm’s boss after volunteering to defer their bonuses in the wake of an investment scandal involving Neil Woodford. Research director Mark Dampier and chief investment officer Lee Gardhouse have shelved their annual bonuses as their investment platform faces growing pressure over its backing [...]
Pensions Regulator boss to face questions from MPs over Arcadia deal June 23, 2019 The boss of the Pensions Regulator (TPR) is set to face a grilling from an influential committee of MPs later this week over the watchdog’s deal with Sir Philip Green to help save his fashion empire from collapse. Charles Counsell, the chief executive of TPR, is to appear before politicians just weeks after Green agreed [...]
Tory leadership race: Gove falls out as Johnson and Hunt make final two June 20, 2019 Michael Gove has been knocked out of the Conservative leadership contest this afternoon, setting the stage for Boris Johnson and Jeremy Hunt to battle it out in the race to become Britain’s next Prime Minister. The environment secretary failed to secure enough votes from fellow Tory MPs to reach the final ballot, with Johnson or [...]
Monsoon asks landlords to back rent cuts as part of rescue plan June 20, 2019 Monsoon Accessorize is planning to slash its rent bill for more than half of its stores, as it becomes the latest troubled retailer to turn to a controversial rescue plan in a bid to avoid collapse. The high street fashion chain is hoping landlords will back its planned rent cuts on 135 stores after offering [...]
UK arms sales to Saudi Arabia judged unlawful June 20, 2019 UK arms sales to Saudi Arabia have been declared unlawful by the court of appeal, in a major blow to both the government and the British defence industry. A landmark legal ruling today concluded that ministers made no proper attempt to assess whether Saudi Arabia had breached international humanitarian law over civilian casualties in Yemen. [...]
Minister apologises as UK porn laws are pushed back six months June 20, 2019 Plans to stop people under the age of 18 from accessing online pornography have been delayed for the second time by the government today. Changes designed to stop under-18s from watching pornographic content were set to be launched in just a few weeks, but have now been pushed back a further six months. Read more: [...]
