What has Brexit done to property prices? January 14, 2021 The London and UK property market has, so far, remained relatively impervious to any post-Brexit related decline. Despite claims by the Bank of England that leaving the EU could see house prices fall by up to 35 per cent over three years, new research by Keller Williams UK has found that, so far, this has [...]
Singapore audit reform stresses need for UK action, IIA warns January 13, 2021 Recent changes to rules surrounding audit in Singapore have highlighted why action on audit reform in the UK is crucial, the CEO of the Chartered Institute of Internal Auditors has warned. CEO John Wood said reform of the UK’s audit sector was necessary to protect the UK’s leading reputation in corporate governance. The Singapore stock [...]
Home buyers seek stamp duty holiday extension over missed deadline fears January 13, 2021 The majority of house hunters believe the government should extend the stamp duty holiday, with many concerned they will be unable to complete their deals before the March deadline. According to the latest research, 67 per cent of buyers would like to see the property tax break extended, with 48 per cent worried the sale [...]
Persimmon reports ‘robust trading’ and hails UK’s resilient housing market January 13, 2021 Persimmon, the UK’s biggest housebuilder, said the country’s property market had remained “resilient” despite the impact of the coronavirus pandemic. The FTSE 100 firm reported that trading was “robust” in 2020, although revenue and new home competitions dipped due to the closure of the housing market in the first UK-wide lockdown. New home competitions reached [...]
The Best of Travel: How L’Enclume transformed a Cumbrian town January 13, 2021 Throughout January we’re remembering better times and sunnier climes by reposting some of our favourite travel stories from the last decade. In this instalment, our Life&Style editor Steve Dinneen makes a culinary pilgrimage to Cartmel to dine at L’Enclume. ••• The village of Cartmel lies just beyond the boundaries of the Lake District. It’s quietly [...]
City Moves: Who is switching jobs in the Square Mile this week? January 13, 2021 Snakes and Ladders provides a roundup of the most important hires and job moves across the City, every Wednesday afternoon. Email citymoves@cityam.com to be featured. After a rocky year for business, City firms are continuing to adapt to the challenges of three national lockdowns and post-Brexit bureaucracy to keep things moving across the Square Mile. This week, Lloyd’s [...]
Pink goes offline as Covid takes the shirt off its back January 13, 2021 Pink Shirtmaker, the fashion retailer that became famous trading under the name Thomas Pink, has been shuttered by owner LVMH. Covid appears to have seen off the shirtmaker, which had been struggling for years and closed its Jermyn Street flagship in December. All traces of its social media channels, online store and links on the [...]
Telegraph owner Sir David Barclay dies age 86 January 13, 2021 David Barclay, the billionaire co-owner of the Daily Telegraph, has died aged 86 after a short illness. Late last night the newspaper announced that Barclay, who took over the Telegraph with his brother Frederick in 2004, had died. The twin brothers built up a business empire encompassing hotel ownership, shipping, and retail. They moved into [...]
Landlords suffer slump in retail and hospitality rent collection in December January 12, 2021 Commercial landlords struggled to collect rent owed by retail and hospitality tenants in December, as the sectors continued to be hit by the impact of lockdown restrictions on trading. Landsec – the UK’s largest commercial property development and investment firm – collected just 65 per cent of the £112m due in December, compared to a [...]
Hut Group outperforms expectations as questions are raised about boss’s income January 12, 2021 The Hut Group (THG) had a good Q4 2020, enjoying revenue growth of 51 per cent year-on-year, outperforming previous guidance of 40-45 per cent. THG, which owns a range of online beauty and nutrition brands like MyProtein and Lookfantastic, delivered Q4 2020 group revenue of £558.7m, versus £370.0m in Q4 2019. Revenue was boosted by [...]