Social rent increases may not ‘move dial’ on housebuilding, Rachel Reeves warned August 21, 2024 Rachel Reeves’ plans to increase social rent may not “move the dial in a material way” on council housebuilding, a corporate finance firm is warning. The Chancellor will reportedly up social rent by bringing in a decade-long formula to raise housing costs in England boosted by the CPI inflation measure – currently 2.2 per cent [...]
Independent bookmaker urges small stakes punters to bet with the Tote August 21, 2024 THOSE looking to have a flutter at York should think about placing their bet with the Tote instead of traditional fixed-odds bookmakers – that’s overarching advice coming from a source you may not expect. William Woodhams, CEO of independent bookmaker Fitzdares, is happy to signpost business away from his pitch in order to “help secure [...]
Puregym poaches Punch Pubs boss as new chief August 21, 2024 Puregym has poached the chief executive of Punch Pubs & Co as its new boss. Clive Chesser will succeed Humphrey Cobbold, who will become Puregym’s new chair. Chesser and Cobbold are expected to take on their new roles on 6 November. In a separate announcement, Punch Pubs & Co confirmed that its chief operating officer, [...]
Value of Molten Ventures’ stake in Revolut more than doubles after employee share sale August 21, 2024 Molten Ventures said the value of its stake in Revolut has more than doubled after the British fintech secured a $45bn (£34.9bn) valuation in a share sale by employees.
Growth in food retail at highest in two years thanks to summer finally arriving August 21, 2024 After a damp start to summer, till sales growth boomed in July to record the strongest growth for food retail in two years. Total till sales at UK supermarkets grew 5.5 per cent in the four weeks ending 10 August 2024, up from 3.6 per cent in the previous month, according to fresh data by NIQ. [...]
Hold the champagne, the housing market upturn is meaningless without rental reform August 21, 2024 The recovery in the UK housing market recovery is redundant while the rental sector remains in pieces, writes Purplebricks CEO Sam Mitchell.
The pockets of London propping up the prime commercial property market August 20, 2024 The commercial prime market is, for want of a better word, doing OK. In the City, leasing increased by one per cent over its long-term average in the second quarter, while overall demand was 12 per cent below its long-term average. For a sector pummelled by downsizing amid changes to weekly working patterns, it’s not [...]
Green energy plans could reduce costs for UK steelmakers, industry says August 20, 2024 Plans for the UK to become a green energy superpower could help reduce costs for British steelmaking, a supplier has said. Prime Minister Sir Keir Starmer visited a wind farm near Carmarthen, west Wales, today as part of a trip to promote his ambition for renewable power through setting up GB Energy. The public company [...]
London Set to Host Unique Beach and Sitting Volleyball Event August 20, 2024 Post the Olympics Games and in the lead up to the Paralympics, the Central London Alliance in partnership with Blue Orchid Hospitality, the British Volleyball Federation and Aldgate Connect BID, is hosting a unique beach volleyball and sitting volleyball event. Taking place on Thursday 22nd August in The Crescent, opposite Tower Suites (a Blue Orchid [...]
Meta: Watchdog greenlights changes to advertiser data rules on Facebook August 20, 2024 The UK’s competition watchdog has given the green light to new commitments from Meta to better protect the data of advertisers on Facebook. Since June 2021, the Competition and Markets Authority (CMA) has been looking into whether Meta has unfairly data from its advertising services to give its Facebook Marketplace an edge over competitors. After [...]