The travel disruptions and closures you need to know ahead of a busy weekend in the capital July 7, 2018 Pride celebrations and a World Cup quarter-final against Sweden today will make this weekend one of London’s busiest in the year, but there are several closures and disruptions worth checking ahead of the big day. Trains: Jubilee line – On Saturday 7 and Sunday 8 July, there will be no service between Stratford and [...]
Online estate agent giant suffers share price drop amid expansion spree July 5, 2018 The share price in UK online estate agent Purplebricks tumbled nearly five per cent in early morning trading, as the firm announced widening pre-tax losses. Final results today show that pre-tax losses rose to more than £26m in the year leading up to April 30, up from just above £6m losses the year before, due [...]
London bucks house listings trend in three-year high despite nationwide fall July 4, 2018 The number of properties listed on London's housing market rose to a three-year high in June, despite the UK suffering an overall decline in houses put up for sale, according to new figures from a property supply index. Nearly 33,000 homes were put on the market in the capital last month, the highest level since [...]
A third of London investors think property is no longer a good investment July 3, 2018 More than a third of London investors now believe property is no longer a good investment, according to new research. In the latest indication of a slump in London’s property market, the figures also showed that only 17 per cent of high net worth investors who own buy-to-let properties planned to increase their portfolio in [...]
Sluggish house price growth in London while Manchester and Edinburgh soar June 29, 2018 London house price growth has fallen to a nine-year low, according to new figures out today. Growth in the capital’s flagging property market fell to a year-on-year low of 0.4 per cent in May, while Edinburgh and Manchester house prices soared to 7.1 per cent and 7.0 per cent respectively. The latest data from property [...]
Full steam ahead for Royal Docks regeneration plan June 27, 2018 A £300m plan to transform London’s Royal Docks has been given the green light today, in a move that will boost east London's business ambitions. The investment will go towards bolstering Newham’s Royal Docks, which has fallen behind London’s other waterside projects due in large part to its relative remoteness. Read more: The Royal Docks [...]
London has been crowned the world’s most popular city for work but the UK as a whole has fallen behind June 25, 2018 London has been crowned the most popular city in the world for work in the biggest ever study of workforce migration trends, but the popularity of the UK as a whole has dropped. In the giant survey of 366,000 overseas workers from nearly 200 countries, the capital beats New York, Berlin and Barcelona as the [...]
Bitcoin drops as global pressures on cryptocurrencies rise June 24, 2018 Bitcoin has fallen to its lowest level yet this year in the wake of tougher global action and increased scrutiny of the world’s biggest virtual currency. The cryptocurrency fell over five per cent today from $5,920 (£4,462) to $5,825, having reached a high of nearly $20,000 late last year. As the first decentralised digital currency, [...]
House of Fraser closure vote looms as politicians fear jobs cuts and end to iconic stores June 21, 2018 Politicians and landlords fear thousands of job losses and the death of beloved high street stores ahead of House of Fraser’s vote on store closures tomorrow. The struggling retailer’s creditors will decide tomorrow whether to approve a company voluntary arrangement (CVA), which will result in 31 of the 59 House of Fraser stores closing down. [...]
Shares tumble in retirement housebuilding firm McCarthy & Stone June 19, 2018 Shares in the UK’s largest builder of homes for retirees plunged 17 per cent this morning as the firm forecasted a fall in profit after a period of disappointing spring sales. McCarthy & Stone blamed economic uncertainty and weaker property prices for the projected dip in profit, in which the firm expects to see operating [...]
