Souring UK economic outlook sends London markets tumbling June 13, 2022 Fears that the UK economy is in the teeth of a sharp slowdown triggered a sector-wide sell-off on London markets today. The capital’s premier FTSE 100 index slid 1.53 per cent to 7,205.81 points, while the domestically-focused mid-cap FTSE 250 index, which is more aligned with the health of the UK economy, shed 2.61 per [...]
Searching for Shelley at Elcot Park in Berkshire June 13, 2022 THE WEEKEND: On the fringes of the market town of Hungerford in rural Berkshire, The Retreat at Elcot Park is set on elevating the country-house hotel stay. The second hotel from The Signet Collection (the first property is the awardwinning The Mitre in Hampton Court), guests can expect more of the brand’s alluring combination of [...]
Markets struggle after worse-than-expected figures June 13, 2022 The price of Bitcoin has fallen more than eight per cent over the past 24 hours, dropping as low as $25,000 this morning.
Liverpool agree club record £85m transfer fee for Benfica striker Darwin Nunez June 13, 2022 Liverpool have agreed a £85m deal to make Benfica striker Darwin Nunez their record signing, the Portuguese club have confirmed. The Premier League team will pay a guaranteed £64m, plus additional performance-related fees up to a maximum of £21m. Uruguay international Nunez, who scored 34 goals in 41 games last season, is due to undergo [...]
Housebuilder Countryside Partnerships hunts for buyers after rejecting £1.5bn bid June 13, 2022 UK housebuilder Countryside Partnerships is on the hunt for buyers, according to a regulatory filing this morning, just weeks after it rejected a $1.9bn (£1.5bn) proposal from US firm Inclusive Capital. “A meaningful number of shareholders believe that the Company would be in a better position to capitalise on the opportunities ahead as a privately-owned [...]
Sirius Real Estate more than doubles rent roll in £380m UK push June 13, 2022 Industrial park and flexible workspace provider Sirius Real Estate has more than doubled its rent roll over the past year, as it continues to push into the UK’s hot property market. Rental income has surged over 73 per cent to €167m in the year to 31 March, up from €96.5m a year prior. Sirius put [...]
650k retail jobs lost in the past five years amid fears of unfair high street tax bills ahead June 13, 2022 Some 650,000 retail jobs have been lost in the past five years, as the high street comes under threat once more with consumer spending dropping amid historic inflation. The Centre for Retail Research has found that some 645,204 retail jobs have been lost and 72,580 stores closed across the UK since 2017. High street heavyweights [...]
Off-market property sales account for one in five in London: Is it for you? June 10, 2022 Despite ferocious headwinds, the London property market is fizzing, with estate agents from Wimbledon to Walthamstow seeing homes listed and sold within days. This fierce competition has led to a boom in off-market sales, which hit a new record high this year, according to Hamptons. In the first quarter of 2022 they shot up 23 [...]
The Oat Wars teach us that successful businesses choose cooperation over rivalry June 10, 2022 The feud between the David and Goliath of vegan oat-based products continued when last month Glebe Farm, the British independent, family-run business that grows gluten-free oats, unveiled a billboard campaign at London Victoria station to promote a major rebrand across its entire product range. One of the straplines read, “Oatly sued us. We won. Because [...]
Street votes will worsen our already archaic planning system instead of cutting red tape June 9, 2022 A central pillar of the government’s Levelling Up and Regeneration Bill, which had its second reading yesterday, is Michael Gove’s plan to provide neighbours with the agency to prevent planning applications. This may, on the surface, seem like a good idea, and it will probably win his party some votes – but it is a [...]