London is crying out for more homes –here’s how the next mayor can build them March 5, 2024 It will take a young couple on a normal income 30 years to save a deposit to buy the average property in London, but there is a way to change that, writes Sam Richards London is in a housing crisis. The boom the city has experienced over the past three decades has seen the number [...]
Spring Budget 2024: From the windfall tax to insulating homes, here’s what the energy sector can expect March 4, 2024 The laundry list of UK energy issues are unlikely to be meaningfully resolved in a tightly-managed budget
One in five first-time buyers take out 35-year mortgages or longer amid economic turmoil March 4, 2024 Personal savings and mortgage lending were battered by inflationary pressures and higher borrowing costs last year, according to new data, amid a surge in home buyers take out loans with terms of 35 years or longer.
The Notebook: The Conservative Party has forgotten what it once stood for March 4, 2024 Where the City’s movers and shakers have their say. Today, James Chapman, Director of Soho Communications, takes the Notebook pen. The Conservative Party has forgotten what it once stood for The Conservative Party used to trade on maintaining the status quo – the clue was in the name.When I worked in the Treasury, during George [...]
Sadiq Khan launches off-peak tube and rail fare Fridays to boost London hospitality March 1, 2024 The initiative from London's mayor will encourage commuters to abandon the pandemic-ra working from home on a Friday, which has badly hit the hospitality sector.
Coventry Building Society sees profit boost from rate hikes as Co-op Bank merger talks continue February 29, 2024 Higher interest rates have boosted Coventry Building Society's annual profits as the lender continues to negotiate a potential merger with the Co-op Bank.
Spring Budget 2024: Hospitality bosses urge Government for more relief before ‘doing irreversible damage’ February 29, 2024 Ahead of the Spring Budget, bosses across the UK’s troubled hospitality sector are piling fresh pressure on Chancellor Jeremy Hunt to provide greater relief before “doing irreversible damage”.
FTSE 100 close: London sinks into the red as shares in St James’s Place crash, Reckitt and Taylor Wimpey fall February 28, 2024 Shares in St James Place plummeted after it slashed its dividend and warned that costs connected to complaints would be a drag on growth in the coming year.
Losses neared £70m at group behind kitchen maker Magnet due to cost-of-living crisis February 28, 2024 Almost £70m was lost by the group behind kitchen maker Magnet after being hit by "unprecedented" inflation, "elevated" energy prices and "notably subdued markets" due to the cost-of-living crisis.
Shares in Durex maker Reckitt flop as firm misses expectations February 28, 2024 Shares in Durex condom maker Reckitt Benckiser have flopped over nine per cent after the firm missed analyst expectations and revenues showed signs of slowing.