London house prices set to fall again this year as buyers struggle to save for a deposit February 8, 2018 London house prices look set to fall again this year as would-be homeowners struggle to save for a deposit. Chartered surveys expect house prices to fall in London over the next 12 months, according to a survey released this morning by the Royal Institution of Chartered Surveyors (Rics). Last year, Nationwide recorded a 0.5 per [...]
UK exports in financial services jump to £95.7bn February 5, 2018 Britain's exports in financial and professional services had a record-breaking year in 2016, according to figures released today by TheCityUK. Exports in the sector jumped 15.8 per cent from £82.6bn to £95.7bn, breaking away from four years of relatively sluggish growth, when exports edged up by 0.9 per cent each year on average. The UK [...]
Bank of England set to hold rates on Super Thursday February 5, 2018 The Bank of England is set to hold interest rates at 0.5 per cent on Thursday, but rate rises are forecast for later in the year. The bank’s Monetary Policy Committee (MPC) will vote on the rate on so-called Super Thursday, when the bank will also release its quarterly inflation report and release the minutes [...]
Here’s how much Jeremy Corbyn earned last year February 2, 2018 Jeremy Corbyn and John McDonnell have published their tax returns once again, saying the public won't trust them unless they are open about their tax affairs. Corbyn's take-home pay, which includes his salary, his pay as leader and his pension, came to £136,762. He has no second job, and holds no stocks or shares, and [...]
Is your local M&S closing? Full list of the store closures announced today January 31, 2018 Marks and Spencer announced this morning that it is shutting down a raft of its stores. Here is a full list of the stores set to close by the end of April: Stores closing by April Birkenhead Bournemouth Durham Fforestfach Putney Redditch M&S said staff from these stores will be moved to other outlets nearby. [...]
Boots’ UK stores drag on Walgreen Boots Alliance’s international sales January 4, 2018 Boots' UK stores acted as a drag on the international sales of Walgreens Boots Alliance in the first quarter, the pharmaceutical giant said today. Internationally, the retail pharmacy arm of Walgreens Boots Alliance brought in sales of $3.1bn (£2.3bn), an increase of 4.1 per cent year-on-year. On a constant currency basis, sales fell 0.8 per [...]
London’s house price to salary ratio has hit a record high November 28, 2017 The house price to salary ratio has hit a record high in London, piling even more pressure on the capital's strained property market. The average house price in London reached £496,000 in October, and average earnings were £34,200, representing house price ratio of 14.5 times Londoners' salaries. The ratios were also steep in Cambridge and [...]
Pharmaceutical giant Merck picks London for new HQ November 27, 2017 Pharmaceutical giant Merck has chosen central London as the site of its new headquarters. The company’s hub will be home to 150 new researchers, and 800 additional staff. Merck’s other European clinical operations will also move to the site from the company’s current headquarters in Hoddesdon, Hertfordshire. The American pharmaceutical business has started to look [...]
Retailers back increase in contactless payment limit as transactions jump August 1, 2017 Retailers would back raising the contactless spending limit as the ultra-fast system for processing payments has pushed up transactions. Research released by Barclaycard today has found three-quarters of retailers who have introduced contactless payments into shops have experienced an uplift in transactions of 30 per cent on average. Read more: Is bPay a flop? Barclays' [...]
Party donors: Here are the biggest names bank-rolling the Conservative campaign May 18, 2017 As the Conservatives launched their policies today, the money behind the Tory manifesto was revealed. The Electoral Commission has published the names of party donors who have given more than £7,500 to a party between 3 May and 9 May, giving an insight into who wants Prime Minister Theresa May back in Number 10. Read [...]
