UK government aims to buy back key nuclear site from Hitachi February 12, 2024 Ministers are now looking for new buyers into the project, one of which is reportedly South Korean nuclear developer, Korea Electric Power Corporation (KEPCO).
From premium to peril: The tumultuous journey of Digital 9 Infrastructure and its uncertain future February 9, 2024 Once a darling of the infrastructure sector, the Digital 9 Infrastructure investment trust has seen its share price sink lower and lower, dropping over 40 per cent since January alone.
Victoria Scholar: The economic clouds are parting – for housebuilders, at least February 8, 2024 Victoria Scholar is head of investment at interactive investor and writes a fortnightly notebook for City A.M. In a surprise announcement, Britain’s largest homebuilder Barratt Developments has offered to buy smaller FTSE 250 rival Redrow in a £2.52 billion deal. The announcement skyrocketed shares in Redrow, while Barratt extended its year-to-date declines. The new ‘Barratt [...]
‘Barratt Redrow’ merger to highlight investors’ skewed opinions on UK housing market February 7, 2024 Shares in major FTSE 100 and 250 housebuilders suffered a mixed day so far on the London market, as Barratt Developments' surprise £2.5bn megamerger with Redrow highlighted investors' skewed opinions on the state of UK housing.
Remortgaging rates tick up as lenders bet on ‘captive audience of existing customers’ February 7, 2024 Mortgage lenders are increasingly raising rates on their home loan products amid uncertainty over the UK economy.
Barratt sinks and Redrow jumps after £2.5bn megamerger announced February 7, 2024 Two of Britain's leading homebuilders, Barratt and Redrow, have announced a merger agreement worth £2.5bn.
UK housing market: Borrowers weigh up taking the plunge, or waiting for rates to fall further February 7, 2024 After a torrid year, the outlook for the UK’s property market is poised to improve. A number of reports have suggested that house prices will continue to drop, which will hopefully help more would-be-buyers finally get on the housing ladder, even if this negatively impacts those who already have property, and want to see its [...]
British Business Bank working on plan to launch new £600m fund for UK startups February 5, 2024 The British Business Bank is set to invest hundreds of millions annually worth of pension savings into UK growth companies.
Cazoo: The full story of how online car retailer went from $8bn valuation to staring into the abyss February 1, 2024 The online car retailer, Cazoo, just three years old at that point in August 2021, was now worth $8bn, having decided to snub London and float across the pond.
Ferrari: Record year sees supercar maker race past one billion euro milestone February 1, 2024 Net profits at Ferrari exceeded €1bn (£853.7m) for the first time in its history, its chief executive has announced.