Cost of living crunch to deliver shock to UK households’ balance sheets May 4, 2022 Households’ balance sheets are set to be tainted by problem debt this year, driven by the worsening cost of living crunch forcing Brits to turn to credit cards to pay bills, reveals fresh analysis published today. Accelerating inflation over the course of this year is likely to spark a jump in unsecured lending, credit that [...]
West End set for booming recovery as tourists flock back to capital May 3, 2022 Londoners can bet on a roaring West End comeback, after Peel Hunt analysts pointed to a resilient recovery in occupier demand and rental tone. In a note yesterday, Peel Hunt said that the future looked cheery for the central London shopping and theatre destination, “despite wider uncertainty and the cost of living squeeze.” It comes [...]
Prime London house prices skyrocket by 114 per cent as homebuyers flock back to the city April 30, 2022 While prime London property prices have remained largely flat on a year on year basis, life is starting to return to the capital’s top tier, with some postcodes seeing average sale prices climb by as much as 114 per cent. However, not everywhere has fared so well with some postcodes seeing a reduction in average [...]
‘Humiliated’ tennis legend Boris Becker has ‘nothing’ to show for glittering career and relies on charity to survive April 29, 2022 The lawyer of former tennis star Boris Becker has been left with nothing to show for his “glittering” sporting career and will have to rely on charity to survive. The three-time Wimbledon Champion, 54, was declared bankrupt in 2017 over a loan from private bank Arbuthnot Latham against his estate in Mallorca. His barrister Jonathan [...]
House price growth slows but remains in double digits April 29, 2022 Growth in house prices has slowed this month, but remains in double digits, according to the Nationwide House Price Index.
Hiring ex-prisoners will make our streets safer and shave billions off the taxpayers’ bill April 29, 2022 People who choose to break the law should rightly be punished by being locked away in prison. But when it is time for them to be released back into society, the majority will find themselves not locked in but locked out – from getting jobs. This matters because research shows that offenders who have jobs [...]
Businesses splash £5bn on London offices as overseas firms eye UK capital April 28, 2022 Businesses have splashed £5bn on office assets in London in the first few months of this year – the highest level of investment since 2018, commercial real estate services firm Avison Young has revealed. The figure is more than double the amount spent in the same quarter last year, buoyed by recent high-value deals. The [...]
Hidden expenses: Londoners shoulder extra costs in all-inclusive rent bills April 28, 2022 Londoners are unknowingly shouldering extra costs by opting for more convenient bills-inclusive rental arrangements, new data has found, as landlords seek to buffer spiralling energy prices. The hidden cost of all-inclusive rent could be as much as £700 for those renting in the capital, according to London rental platform Rentd. The average cost of renting [...]
Sainsbury’s warns of lower profit as grocer anticipates inflationary pressures April 28, 2022 Sainsbury’s has warned of a lower profit for the coming year as the grocer faces uncertainties including high inflation and cost of living pressures on shoppers. Sainsbury’s posted underlying profit before tax of £730m for the 2021/2022 financial year, a 104 per cent boost on the year prior, but warned of challenges down the line. [...]
The City View: August CEO Mélie Dunod on rethinking holiday home co-ownership April 27, 2022 Today Andy Silvester talks to Mélie Dunod, CEO and co-founder of holiday home co-ownership firm August. She talks us through the company’s inception; why their equity purchase model allows for better and more transparent co-ownership; and the post-Covid re-examination of lifestyle purchases. And in the news: law giant Eversheds Sutherland has re-entered Russia, striking a [...]