Royal Mail IDS owner to return to profit as Kretinsky takes reins January 15, 2025 The owner of Royal Mail is set to return to profit just as its long drawn out sale to Daniel Kretinsky nears completion thanks to a welcome uplift in the number of parcels it delivered over Christmas. International Distribution Services (IDS) said Royal Mail’s “successful Christmas period” saw it process 188m tracked parcels, a 19 [...]
Rape gang victims deserve better than our broken inquiry system January 15, 2025 The debate over whether or not Britain needs a national inquiry into rape gangs is a classic example of asking the wrong question, says Emma Revell Before the start of the year, grooming gangs were probably an issue most people were aware of, but didn’t give day-to-day thought to. Fast forward through a furious bout [...]
UK gilt auction oversubscribed as investors buy through market turmoil January 14, 2025 The auction comes ahead of crucial inflation data tomorrow.
London house prices rise by just £600 as worst borough revealed January 14, 2025 The London borough where more houses fell in value than almost any other area in the UK in 2024 has been revealed. According to new data released by Zoopla, the value of 72 per cent of houses in Kensington and Chelsea fell by at least one per cent last year. A total of 73,200 homes [...]
Protein Works set for ‘epic milestone’ as sales pass £50m January 13, 2025 Protein Works is gearing up to achieve an “epic milestone” as its sales broke through the £50m barrier for the first time. The Cheshire-headquartered business is on the verge of selling 400 million protein shakes worldwide as it revealed its turnover hit £50.7m in the year to 31 August, 2024. The latest turnover total for [...]
Stakes are high for UK economy ahead of crunch week of data January 13, 2025 The latest inflation figures, covering December, will be published on Wednesday before GDP figures for November will be released on Thursday.
FA Cup football and racing across UK hit by freezing temperatures and snow January 10, 2025 Freezing temperatures and the prospect of more snow are set to play havoc with sporting fixtures this weekend, with several football matches and racing meetings already postponed or cancelled. In football, Mansfield Town’s FA Cup third-round tie against Wigan and Carlisle United’s League Two match against MK Dons on Saturday have been postponed. Mansfield said: [...]
‘Trump is right’: Lammy says defence spending must rise January 9, 2025 With Russia on the march and the end of post-Cold War peace, David Lammy has argued that Europe’s defence spending must rise. The foreign secretary said for the UK to be “taken seriously… we must put our money where our mouth is” in his first major speech of 2025. Lammy told an audience of diplomats [...]
London commercial property starts year strong with huge Baker Street let January 9, 2025 A British-based property company has fully let a Baker Street office space at a significant premium to the estimated value in an excellent start to the commercial market in 2025. Derwent London has pre-let 204,300 sq ft of office space to five tenants at its 25 Baker Street W1 development, which will complete later in [...]
Investors ‘are losing confidence’ in the UK economy January 8, 2025 The yield on the benchmark 10-year gilt, which reflects the cost of borrowing, hit 4.78 per cent on Wednesday afternoon, a post-financial crisis high.