UK house prices surge 5.7 per cent in June July 5, 2019 UK house prices shrank by 0.3 per cent in June compared to the previous month, according to data released today. But the growth rate rocketed 5.7 per cent on an annual basis last month, according to Halifax’s latest house price index, to take the average UK house price to £237,110. Read more: UK house price [...]
Aquis eyes listings as it buys loss-making Nex Exchange from CME July 5, 2019 Aquis Exchange, the London-based trading services group, has struck a deal to buy alternative listing market Nex Exchange for £2.7m. Read more: Ex-Numis boss’s bid to takeover Nex Exchange falls through Aquis will buy the loss-making Nex Exchange, which is also based in London, from the US futures exchange CME Group. It will officially purchase [...]
DEBATE: Now the Brexit Party has joined the campaign, is it time to switch to proportional representation? July 5, 2019 Now the Brexit Party has joined the campaign, is it time to switch to proportional representation? Professor Tim Bale, co-author of Footsoldiers, a forthcoming book on Britain’s party members, says YES. It may come as a surprise to some that Nigel Farage is a fan of electoral system reform. After all, he’s not normally keen [...]
Confidence among UK business leaders falls after months of gains July 5, 2019 UK bosses were markedly more pessimistic about the economy in May than a month earlier, a new survey has shown, ending a trend of rising confidence levels since the start of the year. Read more: UK service sector ‘close to stagnation’ The confidence tracker from the Institute of Directors (IoD), a body for business leaders, [...]
High street sales suffer wash out June July 5, 2019 High street retailers suffered a wash out month for sales in June in a further blow for the struggling sector. Brexit uncertainty continued to have a “crippling” effect on retailers three years on from the referendum, accountancy firm BDO said, as it revealed that like-for-like in store sales fell by 0.8 per cent last month. [...]
Prudential UK property fund delays withdrawals for up to six months July 4, 2019 Last week Bank of England governor Mark Carney said these types of funds were "built on a lie"
Richard Branson shares images of Virgin Voyages cruise liner July 4, 2019 Billionaire Richard Branson revealed images and details of his Virgin Voyages cruise line today, which will feature on-board gyms, 20 restaurants and cafes, and a record store. Branson said he had been “dreaming” of starting a cruise business since the beginning of his career. Read more: Sir Richard Branson looking for additional investment in Virgin [...]
Magners owner C&C Group eyes up London listing July 4, 2019 Magners cider manufacturer C&C Group has announced plans to move its listing to London as it looks to target new investors in the capital’s “key” financial market. The drinks giant is currently listed on both the Euronext in Dublin and the premium segment of the London Stock Exchange. Read more: Pub operator Ei Group’s profits [...]
European Medicines Agency to sublet Canary Wharf HQ to Wework after High Court defeat July 4, 2019 The European Medicines Agency (EMA) is leasing its entire London office to fast-growing flexible space provider WeWork, having lost a court battle to cancel its £500m rent contract in the wake of its planned move to Amsterdam post-Brexit. Read more: Europe’s development bank lured into new Canary Wharf HQ WeWork is taking up the 284,000 [...]
High-yielding Greene King shrugs off weather warning July 4, 2019 Bad weather is bad news, but the dividend is attractive and Greene King typically excels in winter. On balance, Greene King (LSE:GNK) full-year numbers edge into the “glass half-full” category, as the pub owner and brewer continues to extract value from its brand and estate. Apart from a healthy return on capital of 8.5 per cent, Greene King [...]