Reeds Rains owner expects ‘substantially lower’ profit due to tough mortgage market August 7, 2023 LSL Property Services, which owns estate agents Reeds Rains and Your Move, said it now expected the group's annual profit to be "substantially lower" due to subdued activity in the mortgage market.
None for the road: Takeaway pints banned as Home Office ends pub pandemic scheme August 7, 2023 Bad news for punters who enjoy a cold pint on the go as the government has decided to put an end to the Covid-19 scheme which allowed pubs to sell takeaway pints. Pubs were allowed to sell alcoholic drinks in plastic cups to customers on the street in 2020, when businesses could not trade normally [...]
FTSE 100 close: London flat after US jobs figures fuels Fed rate speculation August 7, 2023 London’s FTSE 100 opened the week in sluggish fashion as investors take in fears across the pond that the Fed could hike rates again. The capital’s premier blue chip index closed on 7,556.41 points, 0.11 per cent down, while the FTSE 250, which is more aligned with the domestic market, was also broadly flat on [...]
More support with energy bills unlikely this winter, admits Grant Shapps August 7, 2023 Grant Shapps has warned households are unlikely to receive fresh support from the government this winter for their energy bills.
Offshore wind auctions no longer offer ‘financially sustainable prices’ August 7, 2023 The government's flagship offshore wind scheme is no longer fit for purpose, and the UK needs to establish a long-term funding plan.
Last orders! Rate of pub closures reaches decade high as rate hikes and inflation bites August 7, 2023 The number of pub closures in the UK reached its highest quarterly figure in over a decade, new data reveals, as soaring costs force more of the country’s local watering holes to close their doors for good. Some 223 pub businesses entered insolvency in the second quarter of this year, up from 200 in the [...]
Persimmon under increasing pressure as rate rises crimp housing demand August 6, 2023 UK housebuilder Persimmon is expected to report a fall in revenue in its half-year update on Thursday as the sector comes under increasing pressure from higher mortgage costs. The FTSE 100 firm is expected to see revenue decline to £1.11bn, down from £1.69bn for the same period last year, according to CMC Markets. In its [...]
Can the Saudi Pro League buy a reputation for good, watchable football? August 4, 2023 It is difficult not to look to the Saudi Pro League with a sense of admiration. Many will disagree with the methods of the Saudi Arabian clubs – throwing money at players until they nod and accept a transfer to the Middle East – but others will argue that other leagues, especially in Europe, had [...]
Unlocking what makes AI tick – part one August 4, 2023 Dr Chris Kacher with part one of his epic overview on how artificial intelligence works, and its future within blockchain technology.
A battery a minute: New car registrations surge as EVs eat into market share August 4, 2023 One new battery electric vehicle was registered every 60 seconds in July, as the UK’s new car market recorded a full year of growth. Registrations of new cars were up more than a quarter (28.3%) in July compared with the same month last year, according to figures from the Society of Motor Manufacturers and Traders [...]