London renters need 209,000 new homes as government told it has ‘huge task on hands’ January 22, 2024 Some 209,000 new rental homes will be needed in London by 2031 to help deal with the capital’s shrinking pool of housing.
Economy: ‘Situation critical’ warning after huge spike in on the brink businesses January 22, 2024 Nearly 50,000 UK businesses are in a "critical" financial position, according to a new data, as high borrowing costs and inflationary pressures continue to squeeze firms.
Moving markets today: What’s shaping the FTSE 100 this morning January 22, 2024 Japan's Nikkei hits a 34-year high, while China keeps lending rates steady. Earnings and central bank policy decisions are set to drive global stocks this week.
China keeps loan rates steady despite sluggish economy; economists expect reserve ratio cut January 22, 2024 The People's Bank of China (PBoC) kept its loan prime rates unchanged on Monday, despite concerns about a potential downturn in the property sector, a slowing economy, and subdued investor sentiment.
Family behind Peel Ports nets £22m in dividends as profits rise January 21, 2024 The Whittaker family raked in a £22m dividend payout from their network of ports in the UK last year as shipping rates soared, company filings show.
Brokers warn government against guaranteeing one per cent deposit mortgages January 21, 2024 Brokers have warned that the government could push up house prices even further if it guarantees mortgages for first-time buyers with deposits of just one per cent.
SFO: Two former directors charged with fraud over £88m car lease scheme January 19, 2024 Reginald Larry-Cole and Scott Martin were directors of Raedex Consortium, which included companies such as Buy2Let Cars and Paygo Cars.
Custodian Property on brink of £237m merger with Abrdn Property January 19, 2024 Custodian Property Income REIT (CREI) is on the verge of a £237m merger with Abrdn Property Income Trust (API), creating a new trust holding £1bn in property. Both groups have recommended an all-share merger, combining their 200 different property assets together, but will still need to be voted on by shareholders. The CREI board and [...]
Home REIT: Fennah heads for the exit with trail of destruction in her wake January 19, 2024 Home REIT chair Lynne Fennah announced yesterday she's finally heading for the exit - Charlie Conchie looks at why shareholders are saying it's about time.
Why Argentine president Javier Milei’s Davos speech was such a tonic January 19, 2024 Javier Milei delivered a ringing defence of capitalism in his Davos speech this week