House prices: August sees biggest fall since 2018 as signs of crash mount August 21, 2023 The average price of a home fell by 1.9 per cent in August, the biggest dip for the month since 2018, following a season of surging mortgage rates which led sellers to slash the prices of their homes in order to secure a sale. During the tail end of the summer the cost of a [...]
Checking into Lord Byron’s old love nest, Durham’s Seaham Hall August 21, 2023 Now’s an excellent time to go to Durham and the surrounding countryside, finds Adam Bloodworth WHERE: Incredibly posh students, a massive Cathedral, and music blaring from behind stately walls to signify where the studying is absolutely not happening. The northern city of Durham can feel subsumed by southern students, but go on a weekend to [...]
Wilko: On-the-brink retailer missed out on £40m in sale of flagship depot August 20, 2023 Wilko’s sale of its flagship depot has returned to the spotlight as the deal appears to show how the business allegedly missed out on £40m amid a period when it was desperately trying to shore up cash. Last November, the troubled high street store offloaded its 1.1m sq ft warehouse in Nottinghamshire for £48m to [...]
Household energy bills to stay high into next winter despite price cap dip August 20, 2023 Households energy bills will remain above pre-crisis levels, despite Ofgem being set to announce a fall in the price cap this winter.
Tesco first retailer to cover VAT on period pants following industry led campaign August 20, 2023 Tesco has become the first retailer to cover the cost of VAT on its range of period pants, in the latest push from retailers to government to place the absorbent underwear in the same category as menstrual products so it can be exempt from the tax. On Monday, the ‘Big Four’ grocer will introduce a [...]
Sky-high pay for broadcaster chief despite poor performance August 20, 2023 Sky’s head honcho Dana Strong has pocketed more than $30m (£23.6m) in just two years making her one of the UK’s highest paid executives, despite the broadcaster’s finances taking a nosedive last year. Sky owner Comcast delivered a pay check of $15.2m to Strong in 2022, even as revenues plummeted 11.5 per cent. In 2021, during [...]
Nvidia: Analysts say “more juice for the orange” as share price spikes August 20, 2023 Ahead of its second-quarter results, American chip designer Nvidia is riding high after a successful first half, with shares skyrocketing over 200 per cent since January, and analysts foreseeing more gains. Nvidia, the S&P 500’s star of the year, is anticipated to report a 65 per cent year on year sales surge to $11.1bn (£8.7bn). Earnings [...]
HomeServe founder pours £110m in crusade to revive flailing British high street August 20, 2023 HomeServe founder Richard Harpin is injecting £110m of his own cash into medium-sized businesses, aiming to breathe life back into the UK’s beleaguered high streets. After cashing in on the sale of insurance company HomeServe to Brookfield last year for a cool £4.1bn, the home repairs mogul Harpin said he is trying to “help others [...]
M&S digital chief exits amid business boom August 20, 2023 The top dog behind Marks & Spencer’s digital growth is reportedly leaving the retailer just months after being promoted. Chief digital and technology officer Jeremy Pee, who landed the position in January, is understood to be leaving the business to return to Canada. According to a report in The Sunday Times, M&S’s co-chief executive officer [...]
Coca-Cola HBC faces questions over Russia operations August 20, 2023 Questions are being asked about the extent of Coca Cola HBC’s operations in Russia after a report suggested the firm has not fully withdrawn from the country despite pledging to do so. The London-listed firm, which is the European bottler for the Coca-Cola Company, said in March 2022 that it was suspending all operations in [...]