Utility Warehouse pays £1.5m to Ofgem fund after failing customers in debt November 10, 2021 Utility Warehouse has agreed to pay £1.5m for treating some of its customers unfairly, and increasing their financial distress. The money will go into Ofgem’s voluntary redress fund, which supports vulnerable customers and finances innovation in the sector. The energy supplier has accepted it failed to consistently provide debt repayment plans to struggling customers from [...]
Breaking £370k mark: Average UK house price expected to jump by £40k within the next five years November 10, 2021 The average house price across Britain is expected to break through the £370,000 mark within the next five years, as property prices may rise by more than £40,000. Giving its predictions up to 2026, Savills predicts that the typical property value will increase from £327,838 in 2021 to reach £370,785. The property group expects the [...]
Chelsea top buyer market amid stock lows November 10, 2021 Chelsea is the top buyer market at the moment as the country continues to experience a historic low of property stock. Around just one in every ten Chelsea properties for sale are marked as sold subject to contract, according to Rightmove. Seven out of the top ten buyer markets are all in London, while the [...]
Prime central London growth forecast to outperform other areas November 9, 2021 Property group Savills has forecast Prime central London to grow eight per cent in 2022 as wealthy international buyers flock back. The market is anticipated to grow 23.9 per cent over the next five years while prime outer London will see a hike of 13.7 per cent. Growth in the market has been subdued because [...]
London hotels ‘can’t change the bedsheets fast enough’ as staff shortages hold back recovery November 8, 2021 The recovery of London hotels is being held back by staff shortages, with venues unable to change bedsheets quick enough. One London hotel has had to slash occupancy in the week so it has enough staff on board for its popular Saturday night bookings. “They literally can’t change the beds fast enough – is it [...]
Why prime property buyers need an agent November 8, 2021 A search for a prime property can involve speaking to 20 or 30 different selling agents. The market is being disrupted all the time, with new agents and brokers splintering off from other firms and setting up on their own. Brokerage numbers are increasing all the time and it is harder than ever to stay [...]
PA Awards 2021 November 8, 2021 Behind every great business person is an exceptional PA, EA or VA. City A.M. is once again celebrating those Personal, Executive and Virtual Assistants in a unique ceremony at Bob Bob Ricard in the heart of the Square Mile on Tuesday 7th December. This year’s event promises to be bigger and better than ever, with more [...]
Global crypto market cap surges past $3tn as top coins rally November 8, 2021 The global crypto currency market is now worth a whopping $3tn (£2.2tn) according to data from CoinGecko. It comes after top ten crypto currencies have all experienced a price surge over the past week helping to push the market to new heights. Bitcoin has jumped above the $66k mark, up 6.4 per cent in 24 [...]
Housebuilders concerned over rising material costs November 8, 2021 Housebuilders are wrangling with supply chain disruption and rising material costs with the delivery of new homes under threat. 61 per cent of builders said these factors were the biggest obstacles adding pressure to their bottom line, in a survey of more than 50 English housebuilders by property consultancy Knight Frank. Concerns are also mounting [...]
JD Sports defends Footasylum boss car park meeting as CMA investigates November 8, 2021 JD Sports has defended reports that its executive chairman met with Footasylum boss amid an ongoing competition watchdog review. The footwear giant’s executive chairman Peter Cowgill met with Footasylum chief Barry Bown, in a car park near Bury in Greater Manchester, this summer, in footage seen by the Sunday Times. JD Sports said in a [...]