Fuller’s sales above pre-covid levels amid concern over ‘unsustainable rise’ in energy costs September 20, 2022 Pub chain Fuller’s brought its sales back above pre-pandemic levels but has warned the energy crisis could give it bills of £18m. The company announced its sales in the first half of the financial year were three per cent up on the pandemic, and 50 per cent up on the same period last year. However, [...]
Octopus unveils £40m support package to ease standing charges September 19, 2022 Octopus Energy has rolled out a £40m package to lower the burden of standing charges facing households this winter.
Buying in an up-and-coming property hotspot: These are Britain’s hottest housing markets September 18, 2022 Which areas of the UK property market look set to be the next up and coming hotspots for house price growth? Having largely trailed the pack during the pandemic market boom, new sector data was shared with City A.M. today. Since the start of the pandemic in January 2020, UK house prices have climbed by [...]
Older Brits benefit from £1bn-a-day windfall as over 55s sit on £4.4 trillion in property wealth September 18, 2022 Over 55s have benefited from £1bn worth of property growth every day between the start of the pandemic and June 2022. Analysis of statistics obtained via a request to the ONS shows the extent to which over 55s have managed to exploit the growth in property value since the start of the pandemic. The ONS [...]
Property guru: Truss’s energy package has helped housing market from cliff edge September 17, 2022 The Government’s action to limit the impact of energy price rises has helped pull the housing market back from the cliff-edge, a leading property association told City A.M. this morning. But the National Association of Property Buyers’ (NAPB) does stress further steps are urgently needed to ensure we don’t see a serious downturn in house [...]
How can traditional finance embrace crypto? September 16, 2022 Charlie Erith believes the gulf between institutional investment and digital assets isn't closing as quickly as many would like.
If Oslo can come up with new ideas for the housing crisis, London can too September 16, 2022 While the UK wrestles with average house prices that are now higher than the average annual salary, in Norway’s capital Oslo an ambitious state-backed model has just been created which could solve the problem of housing affordability at a stroke. Just like in the UK, and especially within London, the divide between people who own [...]
UK consumer confidence falls into negative territory for first time since 2020 September 15, 2022 Confidence among UK consumers has fallen into negative territory for the first time since June 2020, according to a survey. The Consumer Confidence Index from YouGov and the Centre for Economics and Business Research (Cebr) fell by 4.2 points in August from 103.0 to 98.8, the largest decline since the early stages of the pandemic. [...]
Stamp duty cuts and a planning overhaul: Estate agents tell us their housing policy wish list September 14, 2022 With Simon Clarke announced as the new housing minister, we asked top estate agents for their housing policy wish lists Simon Tollit, Partner, Tedworth Property Operating in the luxury residential sector of Prime Central London, the last two years have seen a strong domestic market and more recently London has welcomed back international investors. However, [...]
UK rents continue to rise as Brits turn to leasing over homeownership September 14, 2022 UK rental prices have continued to rise over the past year, according to official figures, following a spike at the beginning of 2022. The costs paid by tenants rose by 3.4 per cent in the 12-months to August, the Office for National Statistics (ONS) revealed today, up from 3.3 per cent in the year to [...]