Value of UK housing stock hits £9 trillion for the first time February 17, 2025 The total value of all homes across the UK has passed £9 trillion for the first time, according to new research by property firm Savills. After a brief slump in 2023, the UK’s housing stock grew by £346bn last year – meaning it is now more than 3.5 times the annual GDP of the UK. [...]
Shein: Discounted valuation would give IPO a ‘better chance of going ahead’ February 17, 2025 Fast-fashion giant Shein is under investor pressure to slash its valuation by two thirds from its all time high should it go ahead with its long-awaited float on the London Stock Exchange later this year, according to a report. Shen was valued at $66bn (£52bn) in a funding round in 2023 and as high as [...]
Springfield Properties: Revenue slumps as housing projects delayed February 17, 2025 Springfield Properties, one of Scotland’s leading housebuilders, has reported a 13 per cent drop in revenue to £105.6m for the first half of its 2025 financial year, reflecting a subdued housing market and delays in affordable housing projects. Despite the decline in revenue, the company posted a sharp increase in profitability, with adjusted profit before [...]
Sponsors All Blacks could chase after falling out with Man United part-owners Ineos February 15, 2025 Last week it was revealed that rugby giants New Zealand, including the famous All Blacks, were suing sponsors and Manchester United part-owners Ineos. The chemicals firm, co-owned by British billionaire Sir Jim Ratcliffe, stands accused of breaching its sponsorship agreement by failing to pay an installment of a £27m, six-year deal, that was signed in [...]
After Allbright, is there a future for women-only members clubs? February 14, 2025 Allbright is just the latest women's members club forced to shut up shop in London, which begs the question: do women even still want them?
‘Extraordinary’ Roman Basilica uncovered in heart of the City February 13, 2025 The remains of London’s first Roman Basilica have been uncovered near Leadenhall Market during archaeological investigations at 85 Gracechurch Street. The site is currently being excavated by Museum of London Archaeology (MOLA) in preparation for the construction of a 32-story office tower. The remains are believed to be part of the Tribunal, a designated area [...]
‘Once you legislate, people will rebel’: Why a vibes-based WFH policy is working for Vitality February 13, 2025 The debate-stirring issue of working from home (WFH) has never been far from the headlines so far in 2025. The likes of FTSE 100 giant WPP, Lord Alan Sugar and London Mayor Sir Sadiq Khan have all made waves with where they stand on the topic. Now Neville Koopowitz, the chief executive of health and [...]
Property experts warn ‘more needs to be done’ on £350m housing funding February 12, 2025 A £350m investment into affordable and social housing by the government has been welcomed but property experts warn “more needs to be done”. Housing secretary Angela Rayner has insisted the government “can’t afford not to” hit its 1.5m housebuilding targets, as officials unveiled an extra £300m in funding for the affordable homes programme, which they [...]
Bellway: Housebuilder in recovery as share price ‘at odds’ with performance February 11, 2025 Housebuilder Bellway reported strong growth in home completions over the last six months, which analysts have said could be a sign the wider homebuilding sector is set for a recovery. The company reported an 11.9 per cent uptick in housing completions in the six months ended 31 January, with more than 4,500 properties completed with [...]
Commercial real estate: Why London needs 15 new Walkie Talkies February 11, 2025 Commercial real estate can be the growth lever the government is looking for, but as the industry gathers in London today, the global investment community has its eyes on the current shortfall of London offices, says Philip Hobley As Prime Minister Sir Keir Starmer and Chancellor Rachel Reeves cast around for the `growth lever’ there [...]