Ofgem drops retail energy price cap to lowest level in two years in boost for households February 23, 2024 Despite welcoming the price cap drop, Ofgem's head has said there are still "big issues" to be tackled
Who is buying London’s mansions? 60 per cent go to wealthy buyers from four countries February 23, 2024 The super-prime market in London is booming. More mansions in the capital are being sold, for higher prices, to an increasingly international base. In 2023, sales of super-luxury new-build London apartments rose by 137 per cent to an average of £4,306 per square foot, according to Beauchamp Estates. Supply of luxury houses has also been boosted by an influx [...]
Lloyds, HSBC, Barclays and Natwest post record £44bn profits from global interest rate hikes February 22, 2024 The UK's biggest banks notched their highest combined annual profits ever last year as interest rate hikes around the world gave lenders gaping margins.
Recession ‘already over’ as economic activity picks up again but inflationary pressures grow February 22, 2024 Figures out last week confirmed that the UK slipped into a shallow recession in the second half of last year.
Gymshark: Profits continue to fall despite surge in sales February 22, 2024 Profits continued to fall at Gymshark during its latest financial year despite its sales surging past £550m, newly-filed documents have revealed.
Digital training programme for businesses launched in latest push for growth February 22, 2024 The latest UK government-funded programme to boost small business growth will give London entrepreneurs free access to digital training and tools until 2025.
We already know how to end rough sleeping, so why haven’t we? February 22, 2024 Instead of criminalising rough sleeping, the government should expand a policy that's proven to work: giving people homes, argues Lucy Kenningham
The Salt Bae London restaurant is making millions in profit February 21, 2024 The Salt Bae restaurant has declared huge profits
Pawnbroker H&T snaps up Essex firm as recession drives Brits to borrowing February 21, 2024 Pawnbroker H&T has snapped up a rival firm in Essex for £11.3m, as the business continues to profit from cash strapped Brits amid an economic squeeze.
One clear trend from London Fashion Week? The tourist tax is failing retail February 21, 2024 London's fashion scene is envied globally, but getting rid of tax-free shopping is an own goal for our retail sector, writes Dee Corsi.