Taylor Wimpey axed 450 jobs as construction giant sounds housing market warning April 27, 2023 Up to 450 jobs have been cut as home construction firm Taylor Wimpey as it looks to deliver £19m in cost savings. Ahead of its AGM today, the London-listed firm said spring had helped in year to date sales, while severe challenges remained for first time buyers still. In a trading update, it said a [...]
Manchester United sale: Will bidders call the Glazers’ bluff? April 25, 2023 Five months after Manchester United’s owners, the Glazers, fired the starting pistol on a potential sale, bidding is finally expected to draw to a close on Friday. The Glazers’ bankers, the Raine Group, surprised some earlier this month by extending the process to a third round of offers for the 20-time English champions. It has [...]
Calm before the storm? Private equity deals come roaring back after subdued start to the year April 25, 2023 Private equity deals in the UK slumped to their lowest level since 2020 in the first quarter of the year - but analysts are predicting it may just be the calm before the storm.
Average house price rises to £366,000 as tenants look to escape rental crisis April 24, 2023 UK house prices jumped again in March, driven higher by soaring rents pushing tenants to seek out their first home, but further interest rate hikes by the Bank of England could send a chill through the market, new research out today shows. The average price of a property coming to market in Britain hit £366k [...]
FTSE 100 live: London’s blue chip index ends the week on a positive, but subdued note April 21, 2023 The FTSE 100 ended a quiet week with another subdued session on Friday, but it managed to eke out a small gain and kept above 7,900 points. Shares in the top index in London gained 11.52 points, rising by 0.2 per cent to 7,914.13. It came despite heavy losses for the country’s biggest mining companies. [...]
Stop pitting home ownership against the rental market, we need both for Londoners April 20, 2023 Slashing private landlord investment in the London rental market was a bad idea, and now we don't have enough properties to rent while people queue for viewings and prices skyrocket, writes Theresa Wallace
Guided Buying: A Solution to Cut Costs, Mitigate Risks and Enhance ESG Standards April 19, 2023 Keeping a close eye on competition, enhancing your client offering, all the while managing to invest in innovation, has never been more important. With customers’ purse strings a good bit tighter, and rising inflation impacting the costs of business operations, running a tight ship and keeping up best practice is vital for companies to maintain [...]
Cash in the Cellar: The New Market for Old Liqueurs April 18, 2023 Auctions for vintage wines and whiskies are nothing new, nor are record-breaking prices for rare bottles. However, the ongoing interest in cocktails, which only grew as people mixed their own drinks during the lockdown, has boosted a burgeoning market for vintage liqueurs, and for the savvy buyer there are real bargains to be had. Home-mixologists [...]
Porsche 911 Dakar review: the world’s greatest sports car goes rogue April 18, 2023 The Porsche 911 Dakar is genuinely capable – and fabulous fun – on rough terrain. But how does this mutant sports car measure up on the road?
UK economy stalls in February but is just about on track to dodge recession in early 2023 April 13, 2023 Britain is just about on track to dodge a recession in the first half of this year, defying gloomy predictions from experts heading into 2023 that the economy would suffer the largest slump in recent memory, figures out today show. Gross domestic product (GDP) – which measures the value of all goods and services produced [...]