Over half of house moves fall through after an offer is accepted – costing £2bn per year May 21, 2026 More than half of UK house moves fall through after an offer has been accepted, costing the UK £2bn every year in wasted time and fees. Failed house moves could cost the economy £1.97bn per year because around 1.2m residential transactions occur each year and the average fall-through costs buyers and sellers £2,830 in legal [...]
London leads European investment despite wider UK decline May 21, 2026 London retained its crown as the most attractive destination in Europe for foreign direct investment last year, despite a fall in UK projects and overall numbers across the continent tumbling. Greater London outperformed both the wider UK and Europe by recording a five per cent year on year increase in foreign direct investment (FDI) projects [...]
KBRA Assigns Preliminary Ratings for RRE 29 Loan Management DAC May 20, 2026 KBRA UK (KBRA) assigns preliminary ratings to five classes of notes issued by RRE 29 Loan Management DAC, a cash flow collateralised loan obligation (CLO) backed primarily by a diversified portfolio of Euro-denominated corporate loans. RRE 29 Loan Management DAC is managed by Redding Ridge Asset Management (UK) LLP (“RRAM UK” or the“collateral manager”). The [...]
City of London Nocturne return to see fan zone bonanza May 20, 2026 Britain’s biggest festival might take place in a field in Somerset, but we are proud to be bringing the festival atmosphere to the heart of the capital with the return of the City of London Nocturne. Cycling fans get the chance to see some of the world’s best on two wheels in action, but even [...]
EIG’s MidOcean Energy Announces $120m Investment from The Arab Energy Fund as Part of Equity Raise May 20, 2026 MidOcean Energy (“MidOcean” or the “Company”), a liquefied natural gas (LNG) company formed and managed by EIG, today announced a $120 million equity investment from The Arab Energy Fund (‘’TAEF’’), a leading multilateral impact financial institution, as part of its current equity capital raise. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20260520063539/en/ [...]
Expedia Group announces agreement to acquire CarTrawler, advancing strategy to build the most complete B2B travel platform May 20, 2026 Acquisition enhances Expedia Group’s ability to deliver mobility and Insurtech solutions for travelers worldwide through its B2B platform and consumer brands
Housebuilders on hook for mansion tax if they fail to sell property after a year May 20, 2026 Property developers will be forced to pay the Labour’s new mansion tax if they take more than a year to offload newly built luxury homes, raising fresh fears that housebuilders will be further disincentivised from building homes in the capital. As part of plans included in a Treasury consultation document, housing developers will be liable [...]
Huge change to Tesco meal deal as Corona and Heineken added May 20, 2026 It needn’t be a can of Coke next time you pop to the supermarket for a cheap lunch – Corona and Heineken have been added as drinks included in the Tesco meal deal. Granted, they’re the zero-alcohol versions, but still, it feels like a hedonistic lunchtime treat. Independent London brewer Lucky Saint is the third [...]
Uefa warns Kang and London City Lionesses over multi-club rules May 20, 2026 Uefa has warned Michele Kang and other investors that women’s football will not be granted an exception to its rules on multi-club ownership. It means US billionaire Kang may have to sell or place into a blind trust either French side OL Lyonnes or London City Lionesses if they both qualify for European competition in [...]
Vattenfall energy portfolio poised to be snapped up by private equity firm May 20, 2026 Swedish energy giant Vattenfall is poised to offload a portfolio of its British assets to private equity firm Reinova in the latest step in its retreat from the UK, City AM understands. The conglomerate, owned by the government of Sweden, is set to sell three of its heat network businesses to London-based Reinova Capital for [...]