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By: Sebastian McCarthy

Chief City reporter covering banking, insurance, deals and exchanges. Email stories to seb.mccarthy@cityam.com

All 879 Articles
  • Housing market remains flat as year-on-year property deals tumble

    September 21, 2018

    The number of properties being bought and sold in the UK suffered an annual 2.6 per cent drop last month, signalling the latest evidence that activity in the country’s housing market remains flat. While total property transactions climbed 1.3 per cent between July and August to 99,120, today’s figures also show a 2.6 per cent [...]

  • Housing market remains flat as year-on-year property deals tumble

    September 21, 2018

    The number of properties being bought and sold in the UK suffered an annual 2.6 per cent drop last month, signalling the latest evidence that activity in the country’s housing market remains flat. While total property transactions climbed 1.3 per cent between July and August to 99,120, today’s figures also show a 2.6 per cent [...]

  • Uber-Deliveroo merger rumours spark investor fright as Just Eat shares tumble

    September 21, 2018

    Shares in online food delivery service Just Eat tumbled as much as seven per cent in early morning trading, as news emerged that Uber is reportedly looking to buy rival competitor Deliveroo. Shares in the market leader Just Eat dropped to 647p, with other European food delivery firms Delivery Hero and Takeaway.com also being dragged [...]

  • Uber-Deliveroo merger rumours spark investor fright as Just Eat shares tumble

    September 21, 2018

    Shares in online food delivery service Just Eat tumbled as much as seven per cent in early morning trading, as news emerged that Uber is reportedly looking to buy rival competitor Deliveroo. Shares in the market leader Just Eat dropped to 647p, with other European food delivery firms Delivery Hero and Takeaway.com also being dragged [...]

  • Smiths Group shares tumble as medical unit disruptions hit profits

    September 21, 2018

    UK engineering titan Smiths Group’s share price dropped nearly 10 per cent in early morning trading, after medical unit disruptions led to worse-than-expected profits for the year. Full-year operating profit rose three per cent on an underlying basis to £544m, but missed a company compiled consensus of analysts’ estimates of £548m. Headline operating profit tumbled [...]

  • Smiths Group shares tumble as medical unit disruptions hit profits

    September 21, 2018

    UK engineering titan Smiths Group’s share price dropped nearly 10 per cent in early morning trading, after medical unit disruptions led to worse-than-expected profits for the year. Full-year operating profit rose three per cent on an underlying basis to £544m, but missed a company compiled consensus of analysts’ estimates of £548m. Headline operating profit tumbled [...]

  • Vicious cycle: Bike chain in hunt for rescue buyer as retail woes loom

    September 20, 2018

    Cycle Evans is ramping up efforts to find a buyer amid mounting fears that the retailer could be the latest victim of this year’s high street bloodbath. Potential bidders for the embattled bicycle chain have been asked by advisers to put forward any final takeover offers by the end of next week, according to Sky [...]

  • Vicious cycle: Bike chain in hunt for rescue buyer as retail woes loom

    September 20, 2018

    Cycle Evans is ramping up efforts to find a buyer amid mounting fears that the retailer could be the latest victim of this year’s high street bloodbath. Potential bidders for the embattled bicycle chain have been asked by advisers to put forward any final takeover offers by the end of next week, according to Sky [...]

  • Four London boroughs set for rocketing house prices amid mass-regeneration

    September 20, 2018

    House prices in London are set to grow by an average of 12 per cent over the next five years, according to research which suggests London’s property slump might not be as severe as many in the industry had feared. Among the London boroughs pipped to undergo the fastest growth are Hackney, Camden, Tower Hamlets, and [...]

  • Four London boroughs set for rocketing house prices amid mass-regeneration

    September 20, 2018

    House prices in London are set to grow by an average of 12 per cent over the next five years, according to research which suggests London’s property slump might not be as severe as many in the industry had feared. Among the London boroughs pipped to undergo the fastest growth are Hackney, Camden, Tower Hamlets, and [...]

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