Mothercare shares fall as it delays full-year results due to their ‘complexity’ May 23, 2019 Global retailer Mothercare’s shares have fallen this morning after it delayed the publishing of its full-year financial results results due to their “complexity”. Read more: Mothercare suffers another drop in UK like-for-like sales The company, a global retailer for parents and young children which has struggled amid a declining high street, released a statement today [...]
London house prices suffer UK’s steepest annual fall ahead of original Brexit deadline May 22, 2019 House prices in London plunged 1.9 per cent in the year to March, the largest annual fall in the country, ahead of the UK’s original Brexit date. UK-wide house prices jumped 1.4 per cent over the twelve months, but in London the average property price fell almost two per cent to £463,000, according to HM [...]
The extremist Green party is trying to overthrow capitalism May 22, 2019 The Green Party is doing well. It gained nearly 200 council seats in the recent local elections and is hoping for a strong showing in the European ones this week. Publicity over school children going “on strike” to protest about climate change has helped. With politicians competing to fawn over the truants, the Green Party [...]
Property Legal Q&A: I am buying a flat and have been advised that the landlord of the building is missing. Should I be worried? May 21, 2019 Often, where the owner of a flat has not heard from the landlord in a while, they will consider the landlord as “missing” but that may not necessarily be the case. Your solicitor should check what enquiries have been made to try and locate the landlord. For example, the landlord may have died and his [...]
London house prices: How Brexit uncertainty has hit house prices in every borough May 20, 2019 London is “acting as a drag” on the rest of the UK housing market, with prices across the capital falling in the last year, according to new figures from property giant Rightmove. Read more: UK house prices suffer fifth month of Brexit-hit growth While some regions in the UK such as the midlands and the [...]
Loopholes in anti-money laundering law could be exploited by criminals, MPs and Lords say May 20, 2019 A joint parliamentary Committee today raised concerns that criminals could exploit loopholes in a new bill aimed at clamping down on laundering money through UK property. The joint Committee on the draft Registration of Overseas Entities Bill welcomed the legislation, but said in its current state it could be circumvented by criminals. Read more: EU [...]
Revenue falls at Foxtons as tough London housing market takes toll May 20, 2019 Estate agents Foxtons said revenue fell in the first quarter which it blamed on challenging conditions in the London property market. Foxtons, which has its annual meeting today, said sales volumes continued to be at record lows and Brexit uncertainty is impacting on consumer confidence. The company also said chief financial officer Mark Berry is [...]
London house price growth falters despite annual spring surge May 20, 2019 House prices in London remain down year-on-year despite the annual spring surge, driven by a slump in inner city sales, according to property website Rightmove. Greater London recorded a monthly rise of 1.2 per cent, equivalent to £7,339, pushed largely by outer London properties that rose 1.9 per cent. Inner London prices, meanwhile, registered a [...]
City Moves for 20 May – Who’s switching jobs at HSBC, Carwow and the PRS Reit? May 19, 2019 Today's City Moves includes HSBC, Carwow and the PRS Reit. HSBC HSBC UK has appointed Chloe Clift as head of its professional services sector team. In her new role, Chloe will work with HSBC UK commercial customers across the legal, recruitment, accountancy and consultancy sectors, offering banking support and strategic advice. The Professional Services sector [...]
BT has spent years redesigning its logo and Twitter hates it May 17, 2019 BT is set to unveil its new logo after years of planning, but the internet's reaction won't have delighted bosses at the telecoms giant. Earlier this week the telecoms giant filed a trademark application with the Intellectual Property Office for a new, minimalist logo depicting the letters “BT” in a circle as new chief executive [...]