Renting remains cheaper than buying in UK as mortgage rates soar June 17, 2024 The financial burden is greatest in London, where buying a house costs an additional £775 per month, or £9,300 annually, compared to renting.
China faces uphill battle for recovery amid mixed economic data June 17, 2024 China faced several economic challenges in May, notably with industrial output growth falling short of expectations.
FTSE 100 today: London markets set to open lower as global sentiment deteriorates June 17, 2024 Asian stocks fell due to weak Chinese data and concerns over a political crisis in France. Focus on the Bank of England's policy decision.
Tenants will have to ‘accept higher rents’ June 16, 2024 “Tenants are just going to have to accept higher rents as there’s no property available”, a fund manager told City A.M.
‘Disastrous for the UK’: How the MPs’ pension fund abandoned Britain’s stock market June 14, 2024 Jeremy Hunt and Rachel Reeves have been squaring up to the UK’s pension sector in recent months with threats to strong-arm money managers into backing homegrown British companies - but they may do well to look closer to home.
Harworth Group: Green light for logistics hub at major Northern rail interchange June 14, 2024 Property developer Harworth Group has been given the green light to build a 1.5 million sq ft industrial and logistics hub.
Industry welcomes Labour plans to win over first-time buyers with housing reforms June 13, 2024 Opposition party Labour has promised a major reform to housing, if it wins the next general election, including support for first time buyers.
Crest Nicholson: House builder’s profit craters 71 per cent ahead of new chief’s arrival June 13, 2024 House builder Crest Nicholson said operating profit slid in the first half of the year as the firm continues to be bruised by challenges in the property sector.
Mark Kleinman: Entain’s new CEO will be gambling with career June 13, 2024 Mark Kleinman is Sky News’ City Editor and is the man who gets the Square Mile talking in his weekly City A.M. column. Today, he looks at Entain’s future chief, Legal and General and Dexters Entain’s new CEO will be gambling with career Talk about a glutton for punishment. I hear that Entain, the FTSE-100 gambling [...]
Square Mile and Me – Lib Dem City candidate Edward Lucas: “Nobody can boss me around” June 13, 2024 We're asking the candidates for the Cities of London and Westminster to share their stories. Today, it's Lib Dem candidate Edward Lucas.