UK now second most targeted country for mergers and acquisitions March 28, 2024 The UK is now the second most targeted nation for mergers and acquisitions globally, behind only the US, as deals in the country have surged to $76.1bn (£60.2bn) so far in 2024. UK mergers and acquisitions have been 88 per cent higher than this time last year but are still below the values in the [...]
Competition watchdog probes Barratt’s multi-billion pound Redrow deal March 15, 2024 The competition watchdog is to investigate Barratt’s £2.5bn acquisition of rival housebuilder Redrow.
UK energy debt collector accused of chasing customers with ‘Michael Jackson’ signed emails March 13, 2024 MoneySavingExpert has published claims of consumer harm and poor practice against an energy debt collection firm, including that it chased debts using the signature of late US popstar Michael Jackson.
Berkeley and Persimmon to reveal housebuilder pain of interest rate hikes March 10, 2024 UK housebuilders are set to shed light on the state of the fragile property market amid a number of key updates from firms next week. Shareholders are braced to see accounts for Persimmon, Berkeley and Vistry all show a fall in sales numbers after higher interest rates weighed heavily on activity last year. Interest rates [...]
The Notebook: When will the Bank of England begin cutting interest rates? March 6, 2024 Where the City’s experts have their say. Today, Interactive Investor's Victoria Scholar talks interest rates, star-studded weddings and Bitcoin.
FTSE 100 close: Housebuilders drag London’s premier index into the red after CMA warning February 26, 2024 The biggest news of the morning was the Competition and Markets Authority's (CMA) announcement that it had found "fundamental concerns" with the housebuilding market.
Regulator finds ‘fundamental concerns’ in housebuilding market after year-long investigation February 26, 2024 The Competition and Markets Authority (CMA) has published its final report on the housebuilding market in Great Britain today, and it makes for daming reading for the sector.
Mark Kleinman: Elliott will need more to ‘Curry’ investor favour February 22, 2024 Mark Kleinman is Sky News’ City Editor and is the man who gets the City talking in his weekly City A.M. column.
Londoners may have to wait 30 years or get a second job to buy a house February 15, 2024 A bleak picture has been painted for prospective buyers in London in 2024, as a number of reports suggest that affordability will remain an issue this year. London has remained the most expensive part of the UK to purchase a home, due to the high demand to live in the capital. Average house prices in [...]
Value of UK housing stock dropped by £27bn in 2023 as high costs hurt market February 14, 2024 The UK’s housing stock has seen its first annual decline in value since 2012 after some £27bn was wiped off last year, according to new analysis, amid higher mortgage costs and pressure on household finances. Figures from property firm Savills showed that despite the fall, the value of housing remained £1.585tn higher than 2019, before [...]