There are 10 buyers for every property, propping up house prices March 21, 2017 Low supply is propping up the housing market as it has been rocked by property tax changes and uncertainty over the UK consumer's spending power. There are now 10 buyers for every property on sale in England and Wales, which Haart estate agents said was a "gap that is set to widen". House prices grew 2.6 per [...]
Sir Philip Green’s knighthood still under threat despite his £360m payout to ease BHS pensions black hole March 21, 2017 Sir Philip Green's knighthood is still under threat despite his unprecedented £363m cash contribution to the BHS pension scheme. In a symbolic move, MPs voted to strip Green of his knighthood in October 2016. Earlier in the year one MP called him the “unacceptable face of capitalism” for his part in the collapse of BHS. However, [...]
Roboshop: How Morrisons is using artificial intelligence to stock its shops March 20, 2017 Morrisons is using artificial intelligence to stock its stores in a bid to improve efficiency and customer service. The supermarket is rolling out a system from tech firm Blue Yonder that uses artificial intelligence and machine learning to predict exactly what is needed in each of Morrisons' 491 stores. Read more: Amazon is looking for [...]
Matalan expands abroad with shops in Malta March 20, 2017 Matalan is expanding abroad with the opening of two new stores in Malta. The retailer currently has 227 stores in the UK, and the two stores in Malta add to Matalan's international portfolio, which comprises 23 stores. The new outlets at The Strand, Sliema and Zabbar Road, Fgura, will create jobs for around 60 staff. Matalan [...]
Through the roof: The seven London boroughs where house prices will rocket in 2017 March 20, 2017 House prices will rocket in east London this year while values in the centre of the capital have stagnated, and in some boroughs, have started to fall. Outer boroughs such as Redbridge, Havering and Croydon recorded double-digital growth last year and are among the seven boroughs that are tipped to see the highest house price growth this year. Read [...]
Marks and Spencer pulls advertising from Google over extremist content March 20, 2017 Marks and Spencer has become the latest firm to pull its advertising from Google after reports that it has been allowing adverts for UK companies to appear on extremist websites. A recent investigation by the Times showed that UK advertisements, from the likes of Sainsbury's, RBS and the UK government, have been posted on YouTube [...]
Here’s how much house prices grew this month March 20, 2017 Annual house price growth was slashed in March, failing to keep pace with the inflation seen when buy to let landlords were rushing to close property deals before the stamp duty tax hike. Asking prices were up 1.3 per cent (£3,877) in March as compared to the month before, according to Rightmove. Read more: House [...]
Mary Berry to launch new cakes with Finsbury Food Group March 20, 2017 Finsbury Food Group will be launching a new cake range with Mary Berry in the second half, but its share price fell at the open after it gave a cautious outlook on the year ahead. The figures For the 26 weeks ending 31 December, group revenue was flat at £156.6m. Profit before tax rose 5.3 [...]
Vodafone’s Indian arm announces mega-merger with Idea Cellular March 20, 2017 Vodafone is merging its Indian operations with its rival in the region, Idea Cellular, in a move that will create the largest mobile phone operator in India. The group will have around 380m customers in India, which represents more than a third (35 per cent) of all mobile phone users in the country. Idea Cellular's parent [...]
Tower Hamlets regains its powers two years after corruption scandal March 17, 2017 Tower Hamlets has had most of its powers returned two years after a corruption scandal that saw its mayor, Luther Rahman, removed from office. Today the department for communities and local government (DCLG) said that Tower Hamlets once again has power over awarding contracts and grants. DCLG also removed one of the four government-appointed commissioners that [...]
