London house prices are falling – these are the boroughs where prices are down the most September 19, 2023 London’s housing market is gearing up for “key selling season” with a reduction in prices, before an uptick in activity is anticipated during the autumn months. Fresh data in Rightmove’s House Price Index shows there has been an overall monthly seller asking price rise by 0.4 per cent this month, which is 0.2 percent lower [...]
New AI principles hint at pro-innovation future of UK regulation September 19, 2023 Britain’s competition watchdog has set out guidelines to steer the development of artificial intelligence (AI), which lawyers suggest could be a blueprint for a pro-innovation future of AI regulation. The Competition and Markets Authority (CMA) has proposed seven principles to guide the use and development of the foundation models that underpin AI giants like OpenAI’s [...]
Missguided sale marks a pivot in Frasers’ strategy – but a Shein deal has risks attached September 18, 2023 News that Frasers could sell Missguided to Shein potentially marks a change in strategy for the Sports Direct owner, which has been highly acquisitive in recent years.
Stubborn inflation poses risks to financial stability, central bank watchdog warns September 18, 2023 Markets should not fall into the trap of thinking that inflation is decisively on its way down, the Bank of International Settlements has warned.
House prices: Third of asking prices knocked down by £20,000 September 18, 2023 House prices are still being battered by high mortgage rates, with a third of properties knocked down in price by an average of £22,000
The winners and losers of London’s work-from-home economy: The City, the Wharf and the Burbs September 17, 2023 The pandemic may have ended, but the lasting work-from-home culture has changed how people splash their cash – and invariably it’s on a Thursday now. Empty restaurants, but heaving happy hours in pubs, is the perhaps biggest shift for the hospitality sector as consumers change their habits to meet a new work-life balance. A new [...]
Wilko: High street chain collapsed owing £400m to creditors September 15, 2023 Wilko collapsed with a well over £400m gap in its finances, according to documents published on Companies House, including £157.3m owed to trade creditors. The reports, first published by The Grocer, show that the high street chain owed £411m to unsecured creditors, and a further £25.8m was owed to HMRC. Some of the creditors included [...]
Join one of the fastest growing insurance brokers in the world September 14, 2023 Are you working in banking or wealth and asset management and considering a career change? Have you ever considered what a modern, progressive business in speciality insurance has to offer? Consilium is a dynamic and entrepreneurial company at the forefront of London’s world-leading insurance market. With demand for niche and customised specialty insurance experts on [...]
Navigate the complicated London property market with ease September 14, 2023 Transacting in the Greater London property market can often be a stressful and incredibly time-consuming endeavour. Whether you’re dealing with obstructive lawyers, a lack of communication, hidden costs or unexpected delays, the whole process can be confusing and anxiety-inducing. That’s why it pays to partner with a law firm that specialises in real estate who [...]
Rents rise by £110 a month over last year in latest blow for UK tenants September 14, 2023 The cost of renting a property has risen by £110 a month over the last 12 months, according to the latest damning report about the health of the UK’s housing sector, as shrinking supply in the market continues to pile on misery for tenants. Rent supply has shrunk 30 per cent below the average for [...]