Planning permissions for new homes reached the highest level since 2008 in the first quarter June 30, 2016 There were signs housing supply could be on the up earlier this year as planning permissions for new homes are reached their highest level since 2008. Permissions for 66,102 homes were granted in the first quarter of this year in England, up four per cent on last year, according to research from the Home Builders Federation (HBF) and [...]
Qataris take on large chunk of BHS’ property portfolio and its website June 30, 2016 The administrators selling off parts of the BHS empire have landed a deal for a large number of the embattled brand's clothing stores and its website. Qatari group Al Mana, which already runs some of BHS' shops abroad, will take on 70 of the company's overseas stores. Duff & Phelps was appointed to run BHS in April, and this [...]
Andrea Leadsom is running for the Conservative leadership June 30, 2016 Andrea Leadsom said this morning she will be running for the Conservative leadership. Leadsom, who campaigned for Brexit, tweeted this morning: "Let's make the most of the Brexit opportunities! #FreshStart" [custom id="161"] Her announcement comes as Michael Gove, another prominent Brexit campaigner threw his hat into the ring. Gove said: "I have come, reluctantly, to the conclusion [...]
Consumer confidence stayed steady in June ahead of the EU referendum – but the public was gloomy about the global economic outlook June 30, 2016 Consumer confidence stayed steady in June, immediately before the UK voted on its membership of the European Union. The GfK consumer confidence index for June, which was researched between 1 June and 15 June, remained at May's level of -1. Consumers were far more positive about their own personal finances than the global economic situation. The public's attitude [...]
Brexit blues: Consumers say they’ll be saving in the coming months as analysts predict a spending squeeze for Brexit Britain June 29, 2016 Brexit is already starting to bite for consumers, with the some of the first insights into post-referendum attitudes showing that Brits are convinced their livelihoods will be hit and predictions that UK spending will be squeezed. Sixty-one per cent of consumers are worried about the future of the UK economy and think Brexit will negatively impact their [...]
The fashion industry has slumped into negative growth for the first time in six years June 29, 2016 The fashion industry is in negative growth for the first time in six years, as the high street struggles with retail failures and declining footfall. Figures from Kantar Worldpanel show a 0.1 per cent fall in the spend on fashion goods such as clothing, footwear and accessories in the year to 5 June. Read more: 2016 set [...]
Goldman Sachs are reviewing their relationship with Sir Philip Green after doomed BHS sale June 29, 2016 Goldman Sachs' vice chairman told MPs today that the firm's involvement in the doomed sale of BHS had not helped its reputation. Responding to a question from committee chair Iain Wright on whether Goldman Sachs' involvement in the BHS saga had helped the bank's reputation, vice chairman Michael Sherwood said: "No." "We have been reviewing Goldman's relationship with Philip green at this [...]
Taxpayers’ investment into science is being poured down the drain, according to a report from the Public Accounts Committee June 29, 2016 The Public Accounts Committee (PAC) has urged the government to do more to protect taxpayers' investment into science. The government is not safeguarding the intellectual property coming from UK science, the committee said – wasting taxpayer money that could be boosting the UK economy through scientific discoveries. Read more: Boaty McBoatface has a name. It's not Boaty McBoatface [...]
Nearly a fifth of Londoners are less likely to sell their home post-Brexit June 29, 2016 Nearly a fifth of Londoners say they are less likely to sell their property after Britain voted to leave the European Union. A survey of UK homeowners found an average of 12 per cent are less likely to put up a 'for sale' sign in the next three years – and the figure rises to 18 per cent of [...]
