Londoners wait far longer to sell homes as stamp duty weighs on confidence April 29, 2026 The wait for a London house sale is six days longer now than last year, as the capital sees the “greatest impact” from stamp duty and the Iran war’s hit to property confidence. The average time it takes for a house in the capital to be snapped up once it is listed on the market [...]
Luxfer Reports First Quarter 2026 Results April 28, 2026 Strong performance and resilient margins lift 2026 guidance, with a clear path to accelerating earnings growth in 2027 First Quarter 2026 Highlights* GAAP Net Sales of $83.9 million from $97.0 million, Adjusted Sales1 declined 7.3% GAAP Net Income was $3.8 million, or $0.14 per diluted share, compared to $5.5 million and $0.20 per diluted share Adjusted EBITDA1 increased to $12.3 million, up 8.8%, and Adjusted Diluted EPS1 increased 17.4% to $0.27 Margins expanded, with Adjusted EBITDA margin of 14.7%, up 220bps, and gross margin of 26.1%, up 370 bps 2026 guidance raised, increasing Adj Diluted EPS midpoint to $1.17 from ~$1.12 Material step-up expected in 2027, with robust double-digit earnings growth Comparative information is relative to prior-year first quarter; results exclude discontinued operations 1 Note: Adjusted results exclude Graphic Arts
OpenAI-linked shares plummet after it fails to hit growth targets April 28, 2026 Companies with financial ties to the fate of OpenAI sold off sharply on Tuesday after it emerged the ChatGPT maker had fallen short of internal targets for revenue and user growth. Shares in Japanese investment giant Softbank and data centre hyperscalers Coreweave and Oracle plunged by between four and eight per cent reigniting nerves over [...]
Housing stocks drag on FTSE as inflation woes build into Bank of England interest rates call April 28, 2026 Fears about the impact of interest rates on the UK’s struggling economy echoed around the City into this week’s set-piece interest rate meeting at the Bank of England. A trio of Tuesday trading updates from London-listed firms with direct exposure to the housing market revealed rising costs. The insight reverberated across an industry which depends on affordable mortgages [...]
Chaos: Now Downing Street rules out rent freeze after backlash over ‘reckless’ rumours April 28, 2026 Downing Street has ruled out a rent freeze just hours after the Chancellor refused to distance herself from the policy while speaking in the Commons. The apparent kite flying sparked 24 hours of panic among residential landlords and economists, who dubbed the rumoured policy a would-be “disaster”. Reeves had reportedly been considering the policy to [...]
Reeves rent freeze: How did Chancellor turn to a Mamdani-style policy controversy? April 28, 2026 Reports of plans in Downing Street for a rent freeze came as a shock after a housing minister said Labour opposes the policy. Felix Armstrong explores why rent controls stoke so much controversy, from New York to Sweden. Rumours that Rachel Reeves is considering slapping a freeze on private rents shocked the property market on [...]
Allegion (NYSE: ALLE) Reports Q1-2026 Financial Results April 28, 2026 High-Single Digit Revenue Growth for the Enterprise; Affirming FY-2026 Organic Revenue Outlook Quarterly Financial Highlights (All comparisons are year-over-year, unless otherwise noted) Net earnings per share (EPS) of $1.59, down 7.0% compared with $1.71; Adjusted EPS of $1.80, down 3.2% compared with $1.86 Revenues of $1,033.6 million, up 9.7% on a reported basis and up 2.6% on an organic basis Operating margin of 18.9%, compared with 20.9%; Adjusted operating margin of 21.2%, compared with 22.7%
Barclays takes shot at tax speculation as UK growth forecast cut April 28, 2026 Barclays has taken a shot at the wave of tax speculation surrounding the industry as the bank trimmed its growth output for the year ahead. Fears the banking sector might be targeted for a cash grab have gathered pace following the war in Iran, amid concerns over mounting cost pressures. The Middle East conflict is [...]
CoStar Data Shows London Southern Fringe Office Leasing Reached Nine-Year High April 28, 2026 Increased activity among smaller occupiers in 2025 drove leasing volumes in London’s Southern Fringe to their highest level since 2016, 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/20260428881126/en/ Leasing rose to [...]
Reeves rent freeze proposal dubbed ‘disaster’ for renters and landlords April 28, 2026 Rachel Reeves has fuelled rumours she is considering a rent freeze as leading economists said the policy would be a “disaster” for renters and landlords. Addressing the Commons on Tuesday afternoon, the Chancellor was asked by a Labour MP to implement a freeze on private rents. “I will do everything in my power and use [...]