Housebuilders on hook for mansion tax if they fail to sell property after a year May 20, 2026 Property developers will be forced to pay the Labour’s new mansion tax if they take more than a year to offload newly built luxury homes, raising fresh fears that housebuilders will be further disincentivised from building homes in the capital. As part of plans included in a Treasury consultation document, housing developers will be liable [...]
Scottish Startup Tripster Launches With Aim to Reinvent Accommodation Management Model May 20, 2026 Dundee-founded startup launches fixed-fee, white-label accommodation management platform for hospitality operators White-label approach allows businesses to retain their own branding and guest experience while outsourcing backend operations Built for estates, boutique hotels, guest houses and portfolio operators managing multiple properties
House prices slump again in London’s wealthiest areas May 20, 2026 London house prices fell again in March, as the capital’s wealthiest areas continued to see significant drop-offs in house values. House prices in London fell by 2.1 per cent in the year to March, though this drop was slightly softer than the 3.1 per cent in the year to February, according to the Office for [...]
CoStar Data Shows Glasgow City Centre Office Leasing Hits 230,000 Sq. Ft. in Q1 2026 May 20, 2026 Glasgow’s city centre recorded its highest quarterly office take-up since 2021, according to data from CoStar, a global leading provider of online real estate marketplaces, information and analytics in the property markets. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20260520059572/en/ Take-up in the first three months of the year rose 85% quarter-on-quarter [...]
British Land: Return to office debate is over May 20, 2026 British Land has declared the debate over returning to the office “over,” as it prepares to capitalise on constrained supply and a “wave of demand” for commercial property from AI firms. The FTSE 100 property developer saw its profit before tax jump by 32 per cent to £450m in the year to March, as the [...]
Everest Announces Agreement to Sell Colombia Insurance Operations to AIG May 19, 2026 Everest Group, Ltd. (“Everest” or “the Company”) (NYSE: EG), a global specialty reinsurance and insurance leader, today announced a definitive agreement to sell Everest Compañía de Seguros Generales Colombia S.A. to American International Group, Inc. (NYSE: AIG). The transaction builds on Everest’s previously announced sale of its global Commercial Retail Insurance renewal rights to AIG [...]
CoStar Data Shows U.K. Economy Outperformed Growth Expectations in Q1 2026 May 18, 2026 Led by broad increases across the services sector, the U.K. economy expanded in March, according to data from CoStar, a global leading provider of online real estate marketplaces, information and analytics in the property markets. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20260518451277/en/ Quarterly growth reached 0.6%, up from 0.1% in the [...]
First Guests Arrive at Four Seasons Resort and Residences Red Sea at Shura Island from 20 May, as Red Sea Global Launches First JV Resort May 18, 2026 RSG and Kingdom Holding Company bring first joint venture-developed resort at The Red Sea to market
UK AI investment hits record £8.3bn as London tightens grip on tech boom May 18, 2026 Britain’s AI sector pulled in a record £8.3bn of investment last year, as global investors raced to back the country’s next generation of AI firms, with London tightening its grip as Europe’s leading tech hub. New research from Barclays Eagle Labs found funding into UK AI companies surged in 2025 after a sluggish period for [...]
Google built the internet economy. AI is rewriting it. May 15, 2026 For the last two decades, most businesses have competed for visibility. Google rankings, paid search, website traffic, marketplace positioning and social reach became the foundations of modern customer acquisition. Entire industries were built around helping brands climb search results, generate clicks and capture online demand more efficiently than competitors. That ecosystem created clear winners. Companies [...]