FTSE 100 close: London indexes close lower over fears of further rate hikes and fragile housing market June 8, 2023 London’s main indexes closed lower on Thursday as investors feared further rate hikes and yet another report pointed to a gloomy future for the UKs’ housing market. The capital’s premier index fell 0.32 per cent to 7,599.74 points, while the domestically-focused mid-cap FTSE 250 index, which is more aligned with the health of the UK [...]
Housebuilder: Truss mini-budget bruised consumer confidence – and cost us sales June 8, 2023 Property developer Crest Nicholson has reported shrinking sales amid “rapidly” falling consumer confidence and rising borrowing costs, following the September mini-budget. The firm said its revenue fell by more than a fifth to £282.7 million in the six months to the end of April, from £364.3 million the prior year. The decline reflected economic uncertainty [...]
What is the future of financial services regulation? June 7, 2023 Lord Holmes of Richmond emphasises the importance of the Financial Services and Markets Bill currently going through the House of Lords.
Barbarians at the gate? Private equity bonanza fails to materialise June 7, 2023 A flurry of predicted private equity deals failed to rear its head last month as sticky inflation and more interest rate pain forced dealmakers to reconsider an offensive, according to a London investment bank.
House prices: London and south east falling faster than rest of the country June 7, 2023 London house prices have fallen by more than the national average, according to new data, with the south east also hit hard
House building tumbles to lowest level in three years in blow to homeownership dreams June 7, 2023 House building has tumbled to its lowest level in three years in another blow to the homeownership dreams of millions of Brits, a closely watched survey out yesterday revealed. According to S&P Global and the Chartered Institute of Procurement and Supply’s (CIPS) latest construction purchasing managers’ index (PMI), the rate of new houses being rolled [...]
Exclusive: Tao Group to open its first UK venture at new Marylebone hotel June 6, 2023 Hakkasan owner Tao Group Hospitality will launch its first new UK restaurant at the new The BoTree hotel in Marylebone, which is set to open its doors this summer. The hospitality offering will include flagship restaurant Lavo, which will serve “coastal Italian fare” as well as a more casual dining option and bars. New York-based [...]
The Notebook: Victoria Scholar on stocks, China and Spiderman June 6, 2023 The notebook is a place where interesting people say interesting things. Today, it’s Victoria Scholar, head of investment at Interactive Investor The market mood is picking up with the S&P 500 enjoying its best week since March. The Dow surged over 2% on Friday, its biggest one-day gain since January and the Nasdaq Composite completed [...]
London based IQ Capital raises $400m to fuel ‘deep tech’ AI and robotics startups June 5, 2023 London-based venture investor IQ Capital has bagged $400m across two funds today as it looks to ramp up its investment in ‘deep tech’ start-ups across areas including artificial intelligence (AI) and robotics.
A renovated Fleet Street will make London a stellar example of how modern cities work June 2, 2023 Fleet Street will soon be transformed into a vibrant, lively destination for workers and visitors. It will show how London areas can thrive as cities all over the world modernise and change, writes Lucy French