Housebuilder MJ Gleeson’s take-home swells as UK property prices climb September 15, 2022 Housebuilder MJ Gleeson has had its group profit and revenue grow a third over the past year as the average cost of a home climbs. The London-listed firm raked in £55.5m in pre-tax profit and £373.4m in revenue in the 12-months to 30 June, the company reported this morning. The average selling price grew around [...]
Stamp duty cuts and a planning overhaul: Estate agents tell us their housing policy wish list September 14, 2022 With Simon Clarke announced as the new housing minister, we asked top estate agents for their housing policy wish lists Simon Tollit, Partner, Tedworth Property Operating in the luxury residential sector of Prime Central London, the last two years have seen a strong domestic market and more recently London has welcomed back international investors. However, [...]
How decentralised escrow holds the key to disrupting the e-commerce tech monopolies September 9, 2022 Anton Churyumov discusses how decentralised escrow and peer-to-peer transactions could disrupt the e-commerce industry.
Truss believes City is ‘growth engine’ of the economy, says former minister September 8, 2022 Liz Truss believes the City is the “best growth engine in the UK” and is preparing to lean on the financial sector to achieve her political agenda, a former minister said today.
Solve the housing crisis and net zero? Your home might be built Ikea-style September 8, 2022 If you find yourself on a walk in West Hampstead, it’s worth checking out a two-bedroom apartment called Camden Passivhaus. With its wooden exteriors, it is simple and elegant – a small gem hidden among terrace houses. It’s the first net zero house in the UK – meaning there were no emissions produced during its [...]
Property giant warns about growing fears of rapid slowdown in ‘a market teetering on the brink’ September 7, 2022 One of the UK’s biggest property groups has urged the new Prime Minister to address Britain’s housing crisis calling for “radical change”. The National Association of Property Buyers (NAPB) told City A.M. there is now growing fears of a rapid slowdown in a market which is “teetering on the brink”. And the NAPB added that [...]
M restaurant founder Martin Williams on his new Canary Wharf venue September 6, 2022 Sitting in the new M restaurant in Canary Wharf, a few days before it officially opens today, is a slightly surreal experience. Overlooking the river in the new, diamond-shaped Newfoundland Quay tower, a row of people in wetsuits are doing laps around the docks below us. As they approach the restaurant they glide past a [...]
Sigh of relief in Britain’s automotive space as new car market stabilises after months of decline September 5, 2022 New figures show this morning that months of decline in the new car market has come to a halt. Registrations of new cars increased by 1.2 per cent last month compared with August 2021, according to the Society of Motor Manufacturers and Traders (SMMT). Some 68,858 new cars were registered in the first monthly growth [...]
£48,247 is the highest salary the average young Brit expects to earn, ever August 31, 2022 What did you want to be when you grow up? It’s the classic question posed to children by parents and teachers around the world. The typical response usually cites career aspirations such as becoming a firefighter, doctor, nurse, sportsperson, and an astronaut, of course. But, as children become young adults ready to embark on their chosen [...]
Soneva luxury resorts now accepting cryptocurrency payments August 23, 2022 Luxury hospitality pioneer Soneva is now accepting cryptocurrencies across each of its resorts in the Maldives and Thailand.