Europe funds Russian war efforts as biggest buyer of Kremlin-backed fossil fuels June 13, 2022 Fossil fuels are filling the Kremlin's war chest and despite its sanctions, the EU remains its biggest buyer of energy supplies.
Oil prices flat as tight markets compete with dropping demand ahead of IEA report June 13, 2022 Oil prices have flatlined - with benchmarks being pulled from both directions by competing factors in a volatile market.
Octopus enters race for collapsed supplier Bulb with eleventh hour bid June 11, 2022 Octopus Energy has made a last minute offer for Bulb Energy, establishing a three-way tussle for the UK’s seventh biggest energy supplier.
Trafigura’s profits rise to $2.7bn following surge in commodities price June 11, 2022 Trafigura’s profits have soared after the price of commodities surged following the Russian invasion of Ukraine. In the six months ended 31 March, the group’s net earnings went up to £2.7bn – 22 per cent above 2021 levels – while revenue rose 73 per cent to around $171bn. “The Ukraine crisis placed supply chains under [...]
Bec to the future: We blow the horn for fabulous Tooting Bec June 11, 2022 The London housing market tends to flow outwards from the prime central postcodes in a series of expanding circles, like the splash of a pebble thrown into a lake. Areas that would once have been undesirable ride the wave into fashion, while those in the centre see new ripples begin to form. So it is [...]
Off-market property sales account for one in five in London: Is it for you? June 10, 2022 Despite ferocious headwinds, the London property market is fizzing, with estate agents from Wimbledon to Walthamstow seeing homes listed and sold within days. This fierce competition has led to a boom in off-market sales, which hit a new record high this year, according to Hamptons. In the first quarter of 2022 they shot up 23 [...]
Scotch on the blocks: The world’s most expensive whisky auction June 10, 2022 Sotheby’s has partnered with spirits giant Diageo to sell what could be the most expensive casks of Scotch whisky ever sold at auction. The casks in question are two of the rarest single malts in existence, from two of Scotland’s most legendary distilleries; a 1979 Port Ellen, from the island of Islay, and a 1982 [...]
Johnson unveils series of housing reforms to increase home ownership June 9, 2022 Boris Johnson has launched a “mortgage review”, which will look at ways at extending low deposit home loans, as a part of a series of newly unveiled housing reforms. Number 10 said the review would “look at what other countries are doing and see if we can further extend opportunities in the mortgage market” and [...]
UK house price skyrockets to record £289k: ‘Any mutterings of a market crash are greatly exaggerated’ June 8, 2022 The average UK house price hit a record high of £289,099 in May, but the pace of growth in values is slowing, according to an index this morning. Russell Galley, managing director of Halifax, said: “The average cost of buying a home in the UK is up 1 per cent, or £2,857, on last month, [...]
Frasers adds troubled Missguided to empire in £20m takeover June 1, 2022 Frasers Group has snapped up beleaguered online retailer Missguided, the British retail giant confirmed in a regulatory filing today. The Mike Ashley-founded group, which owns House of Frasers and Sports Direct, has bought Missguided for £20m, following its collapse earlier this week. Fast fashion rival Boohoo was understood to be interested in buying the collapsed [...]