Chinese property giant Evergrande files for bankruptcy in US amid debt overhaul August 18, 2023 Embattled developer China Evergrande Group has filed for bankruptcy protection in a U.S. court as part of one of the world’s biggest debt restructuring exercises, as anxiety grows over China’s worsening property crisis and a weakening economy. Once China’s top-selling developer, Evergrande has become the poster child of the country’s unprecedented debt crisis in the property sector, which accounts for [...]
Want a lower interest rate on your mortgage? Make it green and retrofit your home August 18, 2023 Retrofitting our homes and making them energy efficient is the big housing challenge of the future. New ways of financing it are emerging, like green mortgages, writes Emma Harvey-Smith
How did a man who brought a GUN from Mexico City to London via Paris have his prison sentence completely overturned? August 17, 2023 In an "extraordinary" case, a man who was jailed after a gun was found in his suitcase at Heathrow Airport is to be released from prison after winning an appeal.
FTSE 100: London markets slip as investors fret over China and global slump August 17, 2023 The FTSE 100 has slipped lower at the open this morning as investors fret over the impact of inflation and a slowing global economy.
Asian markets hit lowest mark for 2023 amid fears over state of Chinese economy August 17, 2023 Chinese economy data has cast a cloud over Asian stocks this morning which have hit a nine-month low, with Europe set to follow
House prices rise 1.7 per cent – but Brits advised they will keep coming down August 16, 2023 Average UK house prices increased by 1.7 per cent in the 12 months to June down from a revised 1.8 per cent in May 2023, but property experts are warning this won’t continue for long. New figures from the Office for National Statistics show the cost of a home in the UK is £5,000 more [...]
Admiral: Insurance giant hikes prices by 20 per cent to stave off inflation hit August 16, 2023 Insurance group Admiral ramped up its prices by 20 per cent in the first half of the year to stave off the worst impact of rampant inflation on its profits margins. In its half year results today, the London-listed motor insurance specialist posted a four per cent bump in profits in the six months to [...]
House prices will eventually start to fall, as long as owners accept their new reality August 16, 2023 House prices are on the rise because fewer people are selling, and fewer people are selling because they think their property has preserved its value. Once they give up, prices will fall, writes Paul Ormerod
Liberty Global inks €1.5bn deal with IT giant Infosys to scale up Horizon entertainment platform August 15, 2023 International telecoms firm Liberty Global (LG) has struck a €1.5bn (£1.3bn) deal to outsource its Horizon entertainment platform to Indian IT consultancy Infosys. The two corporate giants are poised to collaborate over a five-year period, with Infosys helping Liberty Global expand its Horizon entertainment platform, a TV and video streaming service used by over 10m. [...]
Stepping Stones to Sustainability – Improve the sustainability of your real estate in 5 steps August 15, 2023 Introduction Sustainability is increasingly high on people’s agenda and has become a buzz word in business circles. Measurable performance and tangible outcomes are becoming the standard across all sectors. But what does this really mean in practice, and how do you make your business more sustainable in a meaningful way? We break sustainability challenges down [...]