One in three delay buying new home as high costs and interest rates bite August 14, 2024 The saga of first-time buyers trying to get on the UK housing ladder is long and well documented. High interest rates, rising costs and rents which swallow up more than a third of wages – in some parts of the country – have meant that around one in three people have delayed their purchase of [...]
Rising London rents are ‘a pressure cooker ready to explode’ as home ownership ‘inching out of reach’ August 14, 2024 “A pressure cooker ready to explode” is how one expert has described the current situation in the UK housing market as data showed rents jumped close to 10 per cent in London over the past year. In fresh data released this morning it was revealed that average UK private rents increased by 8.6 per cent [...]
Meet London’s top insurtech companies August 14, 2024 In the heart of London, where tradition meets innovation, insurtech is turning the City's financial pulse into a dynamic playground. Meet the City-based companies that were named top insurtechs, globally.
Could data save the NHS? August 14, 2024 If we want a better future for the NHS, we need a collective commitment to ethical, transparent and innovative data practices, says Sir Nigel Shadbolt
Selfridges’ new chief faces an uphill battle August 13, 2024 Selfridges’ new CEO, André Maeder, has his work cut out for him. The company has managed to survive the gruelling pandemic years – largely by cutting jobs and moving online – a tough cost-of-living crisis and an acquisition in 2022. But seasoned retailer Maeder, who was officially announced two weeks ago and starts in November, [...]
Two-thirds of alternative fund managers hit with fines over governance failures August 13, 2024 Two-thirds of alternative fund managers have been hit with fines or sanctions in the last two years due to governance failures, new research has revealed. Alternative funds managers, which focus on markets beyond stocks and bonds such as property, private equity and infrastructure investing, are increasingly under pressure to up their governance ability, Bovill Newgate [...]
‘Magnificent’ Hyde Park penthouse on sale for £60m August 13, 2024 A £60m penthouse has gone on sale in Hyde Park in a tentative sign that the super-prime market may be turning towards bigger, more expensive homes again. The apartment, which is one of London’s biggest listings in 2024, includes “one of the largest private terraces in central London”, according to James Van Den Heule, co-founding director [...]
How this tech start-up wants to rebuild the construction industry (from the ground up) August 13, 2024 Entrepreneur Jamie Menzies was just seven years into running his own residential construction company, Zebra Property Group, when the pandemic halted nearly all building operations.
S&U: Motor finance lender urges Labour to change ‘restrictive’ regulation after profit warning August 12, 2024 Specialist lender S&U has urged the new Labour government to change the UK's "restrictive and constantly changing" regulatory regime after warning that actions by the City watchdog would have a "significant impact" on its motor finance business' profits.
Marshalls: Revenue at building supplier drops but group ‘cautiously optimistic’ about the future August 12, 2024 Housing industry supplier Marshalls has reported a mixed set of results for the first half of the year due to what management called “weak end markets.” However, despite weakness in the construction market over the past year, the company said it was “cautiously optimistic” about the future. Marshalls announced revenue of £306.7m in the half-year [...]