It’s Quiz-mas! How will you score in Deloitte’s big economics quiz of the year? December 20, 2023 The answers and a brief explanation of the factors at work are at the end of this note. Obviously, our readers won't be cheating....
London leads the way as UK house prices drop again December 20, 2023 House prices fell by 1.2 per cent in October, widening from the 0.6 per cent fall recorded in the prior month, according to the latest reading from the ONS. Buyers who purchased a home in October paid £3,000 less compared to customers in the exact same period last year. During the month the North East [...]
Shares in banks and housing firms rise on sharp inflation slowdown December 20, 2023 Shares in banks and housebuilders jumped on Wednesday morning after fresh inflation data came in lower than expected, boosting hopes for interest rate cuts in the first half of next year.
Home REIT offloads 80 properties in latest scramble to clear debt December 20, 2023 Home REIT, the beleaguered homeless accommodation fund, has sold a further 80 properties in the latest scramble to cut its debt. In a series of updates to the London market this morning, the scandal stricken property investor said that it offloaded the homes which represented 3.6 per cent of the company’s portfolio for over £16m. [...]
Spilt milk: court sides with vegan Oatly in trademark dispute December 19, 2023 Swedish alternative dairy company wins battle to use word milk in its marketing
Apple races to salvage watch business amid US ban threat December 19, 2023 Apple engineers are racing to modify the software which powers the company's smart watches as the US looks to ban the products.
Londonmetric mulls takeover of Alton Towers owner could ‘create one of the UK’s largest listed landlords’ December 19, 2023 Logistics landlord Londonmetric is understood to be in talks to buy LXI the owner of Alton Towers and Warwick Castle.
LendInvest swings to loss on mortgage woes, has cut more than a quarter of staff December 19, 2023 AIM-listed lender to homeowners and buy-to-let landlords hit by increased competition
Wealthy middle-eastern investors drive growth in London office market December 19, 2023 Wealthy Middle-Eastern investors are driving sales in London’s office market, as reduced competition acts as an opportunity.
Superdry warns on profit as wet weather takes its toll December 19, 2023 Superdry blamed unseasonable weather for a 13 per cent slump in retail sales year-on-year, as the struggling fashion retailer continues to trade below management expectations. Wholesale earnings were down 41.1 per cent year-on year, which was due to the decision to exit its US wholesale operation. It was also driven by “timing differences and the [...]