Persimmon blames sales drop on customer satisfaction drive November 7, 2019 Housebuilder Persimmon today blamed a drop in first half sales volumes on the implementation of a new customer care improvement plan. Under the plans Persimmon has restricted the release of new homes for sale until construction has reached a more advanced stage, meaning sales declined six per cent year on year to 7,584 homes. Read [...]
Bank of England: Brexit deal and trade wars will limit UK growth November 7, 2019 Boris Johnson’s Brexit deal and global trade tensions are likely to hold back growth in the UK economy over the next three years, the Bank of England has said. British national income will be one per cent lower by 2022 than originally thought, the Bank predicted today in its quarterly deep-dive into the economy. Read [...]
Cautious investors drag equity funds to record quarterly outflows November 7, 2019 Cautious savers snubbed equities in September amid ongoing global uncertainty, driving the funds to their highest quarterly outflows on record. Equity funds saw £1.7bn of outflows in September, the fourth consecutive month of outflows. This takes equities’ total net retail outflows for the third quarter to a record £4.6bn, according to figures from the Investment [...]
London house prices: How London boroughs’ house prices have changed since the last election November 7, 2019 Prime central London house prices have taken the biggest hit since the last general election, as previously less desirable areas gain popularity. London constituencies further away from the centre were the biggest winners between June 2017 and now as buyers sought cheaper properties. Read more: UK house price growth slows in October House prices made [...]
General Election 2019: John McDonnell pledges ‘cutting-edge fiscal rules’ November 7, 2019 A Labour government would rip-up the basis for fiscal rules, to exclude borrowing for investment from targets “so it’s recognised as both a cost and as a benefit”. Speaking from Liverpool Riverside, a seat held by former Labour MP Louise Ellman who quit last month over anti-Semitism concerns, John McDonnell told supporters a Labour government [...]
London mayor race: Rory Stewart falls behind to third place November 7, 2019 Rory Stewart has fallen behind early in the 2020 London mayoral race as polling shows the former Conservative cabinet member is 32 points adrift of Sadiq Khan. The mayor of London has a significant lead in the YouGov/Queen Mary University poll, with 45 per cent of the vote – a 2 per cent increase from [...]
Auto Trader revs up profit despite car market challenges November 7, 2019 Auto Trader – the UK’s largest new and used cars marketplace – reported a jump in revenue and profit in the first half of the year despite the challenges facing the UK car industry. The figures Shares in Auto Trader jumped as much as five per cent after the online car dealer reported that revenue [...]
General Election 2019: Liberal Democrats, Green and Plaid Cymru ‘Unite to Remain’ pact for 60 seats unveiled November 7, 2019 The Liberal Democrats, Green Party and Plaid Cymru have struck a deal in which the parties will step aside for the most likely Remain candidate in 60 seats across England and Wales. Jo Swinson’s party will be given a clear run at 43 constituencies, including Bermondsey and Old Southwark, Chelsea and Fulham, Esher and Walton, [...]
General Election 2019: Ex-Labour MP Ian Austin urges ‘decent’ people to vote Conservative November 7, 2019 Former Labour MP Ian Austin has urged voters to back the Conservatives this election, claiming Jeremy Corbyn is “completely unfit” to be Prime Minister. The Dudley North MP, who resigned from the party earlier this year to sit as an independent, said “decent, traditional” voters should back Boris Johnson in December’s General Election. He lambasted [...]
UK house prices: Growth slows in October November 7, 2019 Annual UK house price growth slowed last month due to ongoing political and economic uncertainty. House prices were up just 0.9 per cent in October – the lowest growth seen so far this year – as the new uncertainty of a general election and the impending Brexit deadline hit consumer confidence. Read more: Revealed: The [...]