Berkeley Group looking to ease housing market fears ahead of further interest rate pain June 18, 2023 Housebuilder Berkeley is looking to soothe fears of more interest rate pain and a slump in the housing market this week as it updates the City on its full year’s performance.
Travis Perkins’ share price tumbles with building supplier downgrading profits June 16, 2023 Travis Perkins has warned investors to expect lower profits, with the UK's biggest supplier of building materials downgrading its forecasts.
FTSE 100 close: London index reverses losses as Bunzl struggles June 15, 2023 London’s FTSE 100 was dragged lower today by investors piling out of outsourcer Bunzl despite the firm this morning raising its revenue forecast before reversing losses in the afternoon session. The capital’s premier index jumped 0.34 per cent to 7,628.27 points, while the domestically-focused mid-cap FTSE 250 index, which is more aligned with the health [...]
More lenders expected to hike mortgage rates following HSBC, brokers warn June 15, 2023 More and more lenders are set to increase rates on mortgages, brokers have warned, as the fallout from the Bank of England’s rate rise continues to devastate homeowners. The fresh blow to the housing sector comes as HSBC pushed mortgage rates up for the second time in one week in an unprecedented move for the [...]
Shaftsbury integration ‘progressing well’ in vote of confidence for booming London west end June 14, 2023 Shaftesbury delivered a confident update to the markets, as a return to international tourism and its £4.9bn merger with Capco helped boost activity London’s West-end. In March last year, the two West-end landlords merged, meaning that Shaftesbury who owns land around Soho and Capco who owns land around Covent Garden now operate under one ownership. [...]
Time to target NHS in energy efficiency drive, says sustainability boss June 14, 2023 The government should encourage public sector bodies such as the NHS to ramp up energy efficiency measures, argues SDCL.
FTSE 100 close: Miners lift London’s premier index despite high wage growth sending rate fears spiralling June 13, 2023 Commodity giants lifted London’s main indexes on Tuesday despite concerns that the Bank of England will have to hike rates higher and faster on the back of the latest labour market figures. The capital’s premier index climbed 0.3 per cent to 7,594.78 points, although the domestically-focused mid-cap FTSE 250 index, which is more aligned with [...]
London homeowners face ‘grim’ mortgage cost hike of £7,300 if Bank raises rates again June 12, 2023 London homeowners looking to renegotiate their mortgage this year face a whopping £7,300 rise in annual costs as experts warn of the “grim reality” of rising interest rates. The Bank of England is predicted to hike interest rates for the 13th consecutive time this year to 5.5 per cent in efforts to cool soaring inflation, [...]
Protect your intellectual property June 9, 2023 Intellectual property (IP) is a vital aspect of how small and medium-sized enterprises (SMEs) become competitive and grow — so it makes sense to work with a legal partner that fully understands the IP landscape. HGF is one of Europe’s leading intellectual property firms. It brings patent attorneys, trademark attorneys and IP solicitors together to [...]
Explainer: The Woking case, and what happens when councils go bust June 8, 2023 This week, Woking Council declared effective bankruptcy with a deficit of £1.2bn. It is only the latest in a string of councils going bust, a result of the chronic local government underfunding that took place over the past decade. The Woking case is one of misguided investments. The council, which was controlled by the Conservatives [...]