What will it take for the online lending industry to hit profitability? October 26, 2016 Online lending has been having its Uber moment. “Platforms spend as much as they physically can to dominate, with VCs behind them pushing for that growth. But now, a lot of VCs have left. Platforms will have to go out for funding again, and we’ll see massive down rounds,” says one platform founder, speaking on [...]
As the government gives the go-ahead to expand Heathrow, should it have approved Gatwick too? October 25, 2016 Paul Wait, chief executive of the Guild of Travel Management Companies, says Yes. There is a simple but solid economic argument that a runway at Gatwick should be approved alongside one at Heathrow. Increased capacity at both airports would offer greater connectivity for passengers travelling to both short haul and long haul destinations, and offer businesses [...]
How Theresa May can achieve a truly radical housebuilding revolution October 25, 2016 Today, so many leaders are judged on how much they achieve in their first 100 days in office, a concept first associated with US President Franklin D Roosevelt. But as this milestone passes for Theresa May, what can we expect from the government when it comes to its promise of a radical approach to housing? [...]
This is how the third runway at Heathrow will hit London house prices October 25, 2016 The government has given the go-ahead for the third runway, and if there's one group of people who won't be happy about it, it's the people living nearby. Estate agents eMoov think the decision could lead to a 20 per cent drop in house prices in the area due the noise and air pollution that the [...]
Heathrow in numbers: How much will it cost? When will it be delivered? October 25, 2016 After today's government announcement that it will back the creation of a third runway at Heathrow, now the attention will come down to the detail of the plans. How much will it cost? When will it arrive? And will it pass a Commons vote? What happens next? We crunch the dates and numbers you need to [...]
Intu reports increase in footfall and says impact of BHS closure has been offset by new lettings in 2016 October 25, 2016 Shopping centre owner Intu reported today that footfall at its UK businesses had increased during the three months to 1 October – and said the impact of the recent closure of BHS stores around the country had been more than offset by new lettings in the year. Intu, which announced today that it is to sell [...]
Whitbread’s share price falls as half-year results fail to impress October 25, 2016 Whitbread's penchant for the finer stuff failed to excite the market as its share price fell nearly three per cent after unveiling its half year numbers. The figures Total revenues increased by 8.1 per cent to £1.6bn, although like-for-like growth was up by a more modest 1.9 per cent. The group's Premier Inn hotel network generated just [...]
Britain’s cities compared: How long does it take to sell your house? October 25, 2016 While London may be an extremely popular choice for Britons to live, for anyone looking to sell their property quick-sharp, it is one of the worst. On average London is the fourth slowest city to shift a property in the UK according to a survey by Post Office Money. Furthermore, it takes almost double the length of time [...]
What the rise of populism means for your investments October 25, 2016 "Fruitcakes, loonies and closet racists” was how David Cameron described members of Ukip in 2006. A decade later, Ukip has achieved its principal ambition of a Brexit vote and Cameron is no longer a politician. The growth in support for populist political movements across Europe and other developed economies has been rapid. Founded just six [...]
House prices in this London borough fell by £3,000 a day last month October 24, 2016 UK house prices might be marching ever upwards, but there's one section of the UK where growth is faltering: the top end of London's market. In recent months growth in so-called prime central London has faltered, partly thanks to the Brexit vote and partly thanks to waning interest from foreign buyers. Now analysis of Land [...]