Ryanair strike: 250 flights cancelled and 35,000 passengers to be hit by today’s walkouts September 28, 2018 As many as 35,000 Ryanair passengers will be facing travel chaos this afternoon after the airline was forced into cancelling 250 flights as a result of strike action. The fresh wave of industrial disputes, which will affect almost double the number of flights that were previously expected to be cancelled, comes as pilots and [...]
Book review: Gina Miller fails to Rise to the occasion in her debut memoir September 27, 2018 The case of Gina Miller is a peculiar one. Few political outsiders burst onto the scene so quickly and with such force as this former City investment manager, who has whipped up anger and hope alike since entering the boxing ring of Brexit. As its title suggests, Rise is a book in which Miller [...]
House prices on London’s top 10 priciest streets fall amid high-end housing slump September 27, 2018 House prices in London’s top 10 most expensive streets have all fallen over the last year, in a fresh sign of the slump sweeping the capital's high-end property market. Property website Zoopla’s 2018 rich list has found that on average more than £4.5m has been wiped off the total average house price from the top 10 [...]
Big brains, fake news and bad deals: Five things Trump said last night to spark worldwide outrage September 27, 2018 Bloomberg has called it “the end of presidential press conferences”. In a bizarre and colourful 83-minute news conference last night, Donald Trump, as is his wont, gave reporters much to chew on. Sexual assault allegations against his Supreme Court nomination and an escalating trade war with China were among the issues the President confronted. [...]
Home-owning pipe dream edges out of sight as first-time buyers need a £53,000 income to buy a house September 27, 2018 The average income needed for a first-time buyer to jump onto the property ladder has shot up 18 per cent in the last three years, in the latest sign that the dream of homeownership is becoming increasingly distant for many young professionals. Only three out of 20 major UK cities have become more affordable [...]
Chained to its rival? Halfords swoops in for embattled bike chain Evans Cycles September 27, 2018 Britain’s largest bike chain Halfords is in talks to rescue its beleaguered rival Evans Cycles, according to Sky News late last night. Halfords is understood to be one of several parties which have shown interest in buying Evans, which has hurried up the bidding process in an effort to avoid collapse. The news comes [...]
H&M revenues bounce after online focus, but logistics system dampens profits September 27, 2018 Swedish fashion brand H&M posted bumper revenues for the nine months to the end of August this morning, as third-quarter sales climbed amid the retailer’s efforts to ramp up its online shopping operations in the wake of persistent high street troubles. Revenues in the third quarter of 2018 climbed nine per cent to Skr64.8bn [...]
Bubble trouble: London among global cities most at risk of housing bubble September 27, 2018 London is among the top cities most at risk of a housing bubble, according to a new report measuring the world's most overpriced property markets. Hong Kong was ranked as the place most susceptible to a swift downturn after years of soaring house prices, while Munich, Toronto and Vancouver were also among the other most [...]
Online-only retailers outpace their bricks and mortar rivals as fresh evidence of high street troubles emerge September 26, 2018 Online-only retailers’ sales have grown 24 times faster than those of bricks and mortar firms in the last five years, according to new data which underlines the current woes facing high street shops. A report out today from data specialist GBG Loqate shows that pure-play online retailers have grown their sales by 281 per [...]
Transport for London steps up property ambitions after unveiling new partnership September 26, 2018 Transport for London (TfL) has unveiled plans for a new partnership with one of the capital’s affordable housing developers today, in a sign that the body is ramping up its move into the property market as it looks to pay off its near-£1bn debt pile. In a new joint venture with property developer Apartments [...]
