London’s house price slowdown worsens as summer slump hits July 16, 2018 London's house price slump has deepened as the market enters its traditional summer lull, with experts signalling a boon for prospective first-time buyers. The average asking price of a house in the capital is down more than £11,000 compared to this time a year ago, marking the sharpest annualised fall since January. The closely-watched Rightmove [...]
Next-generation fighter jet unveiled in £2bn boost to defence industry July 16, 2018 Plans to build a next-generation fighter aircraft were unveiled by the Government today, in a move which will bolster Britain’s post-Brexit defence capabilities and sustain thousands of jobs in the UK aerospace sector. Defence secretary Gavin Williamson outlined details of a £2bn programme which will see a new cutting-edge sixth-generation fighter jet model, christened "The [...]
New report shows falling house sales persist amid ‘subdued’ London market July 12, 2018 June marked the 16th consecutive month of falling house sales in London, according to the closely watched survey from the Royal Institution of Chartered Surveyors (Rics). Prices in London continued to decrease, albeit at a lesser pace than the previous reports. The report, which shows falling prices as well as sales, suggests London’s "subdued picture [...]
Indivior share price dives in wake of US market competition July 11, 2018 Shares prices in pharmaceuticals giant Indivior plummeted as much as 35 per cent in early morning trading after the firm scraped its full-year guidance in the wake of a growing US market rivalry. The FTSE 250 UK company warned that its projections for 2018 are "no longer valid" as the addiction treatment specialist faces stiff [...]
Kier Group sells non-core assets in cost-saving mission July 10, 2018 Leading construction and property company Kier Group said this morning it plans to sell its non-core assets as part of a wider cost-savings programme. The firm, which also announced profits and earnings performed in-line with expectations, will be hoping the plan, which was launched last month, will improve productivity, operating margins and cash generation. The [...]
Cheesegrater 2 gets the green light to become third tallest City building July 10, 2018 Hopes to build "Cheesegrater 2" have been given the green light today, in plans that will make the 56-storey development the third tallest building in the Square Mile. City of London’s planning committee approved permission from Hong Kong-listed real estate giant Lai Sun Development Company to develop the new commercial landmark at 100 Leadenhall Street, [...]
Chinese bid for Northern Aerospace fails amid security fears July 9, 2018 Chinese takeover attempts to buy a British defence company have fallen through, according to UK private equity firm Better Capital. Approval has not been given for aircraft parts maker Northern Aerospace to be purchased by Derby-based Gardner Aerospace, a subsidiary of Chinese aerospace and mining firm Shaanxi Ligeance Mineral Resources. Read more: Aerospace sector revises [...]
City of London is the worst offender for empty properties July 9, 2018 There are more than 10,000 commercial properties sitting empty in central London, with new figures revealing that the City has more unused space than any of its neighbours in the capital. According to a series of Freedom of Information requests by property guardian company Live-in Guardians, there are as many as 10,681 empty commercial properties [...]
An exhibition at Horse Guards Parade has aircraft old and new on show to commemorate RAF centenary July 7, 2018 Londoners will be looking up to the sky on 10 July, when as many as 100 aircraft will be soaring over the capital to commemorate the official centenary birthday of the Royal Air Force (RAF). The celebrations, however, have already begun. An event at Horse Guards Parade this weekend is letting the public get a [...]
Elon Musk offers to help rescue operation for Thai boys and football coach July 7, 2018 Billionaire Tesla boss Elon Musk said today that there has been some "good feedback" from cave experts following his offer to send engineers to Thailand in a bid to help rescue 12 boys and their football coach from a flooded cave. Musk tweeted this morning: "Some good feedback from cave experts in Thailand. Iterating with [...]
