Moorgate blaze tackled by 40 firefighters and six engines August 17, 2023 Forty firefighters and six fire engines battled a blaze this morning at a disused office building on Moorfields in Moorgate. Thick black smoke was seen throughout the area and 1,200 people from neighbouring office blocks were evacuated. No casualties were reported. The fire, near Moorgate’s CityPoint building, was reported at 11.22 and was under control [...]
House prices rise 1.7 per cent – but Brits advised they will keep coming down August 16, 2023 Average UK house prices increased by 1.7 per cent in the 12 months to June down from a revised 1.8 per cent in May 2023, but property experts are warning this won’t continue for long. New figures from the Office for National Statistics show the cost of a home in the UK is £5,000 more [...]
US slowdown doesn’t hold back Balfour Beatty’s pre-tax profit jump August 16, 2023 Balfour Beatty hailed a nine per cent rise in revenues during its half year results, rising to £4.7bn up from £4.1bn when compared to last year, as the construction firm praised its “diverse portfolio” for the lift. The business which works on trackwork and power supply builds has been less impacted by a slow down [...]
Marshalls profits slump as business warns ‘challenging’ environment expected to persist into 2024 August 16, 2023 Building products supplier Marshalls reported a 26 per cent slide in adjusted profit before tax in its half year results, slumping to £33.2m, as a slowdown in the UK house building market continues to eat away at its earnings. The group, which is headquartered in West Yorkshire, also said that adjusted EBITDA fell eight per [...]
Home REIT facing fresh calls for overhaul over huge exposure to Wolverhampton charity group August 15, 2023 Scandal-stricken Home REIT is facing fresh calls for overhaul today after two tenants run by the same director collapsed into administration this year – with the future of a third still uncertain. Home REIT revealed earlier this month that Redemption CIC, a Wolverhampton-based social housing group that made up around nine per cent of its [...]
London tenants continue to suffer as rent reaches £597 per week August 14, 2023 The amount Londoners fork out on rent grew 12 per cent year-on-year in July, new figures show, topping £597 per week. According to data from London estate agent Foxtons, July saw an average of 21 rental applicants per new home arriving on the market, an 18 per cent increase month-on-month, however a 12 per cent [...]
Santander becomes latest bank to cut mortgage rates amid falling inflation August 14, 2023 Santander has become the latest high street lender to reduce the rates of its mortgage deals, following a stream of other cuts by fellow banks last week, in a signal of hope for prospective buyers. On Monday, the bank cut its selected residential purchase and remortgage fixed rates by between 0.05 per cent and 0.29 [...]
Marshalls: Can struggling landscaping giant exceed ‘fairly low’ expectations? August 13, 2023 Investors will turn their focus to building products supplier Marshalls interim results on 16 August to see if the business has picked up any momentum amid a growing slump in the UK house building market. The group, which is headquartered in West Yorkshire, has shown signs of struggling in recent months and announced in July [...]
Soho House: Waiting list for celebrity haunt at ‘all-time high’ with 95,000 in line August 11, 2023 The wait list to secure a place at private members club Soho House has risen to “all-time high” with approximately 95,000 deep-pocketed individuals eager to secure a place at the spot globally. Soho House & Co Inc. the business behind the luxury hub, revealed its growing demand as part of its second quarter results – [...]
Mortgage and rent payments ‘difficult’ for almost 40 per cent of Brits August 11, 2023 Some 38 per cent of Brits have confessed to finding it difficult to afford their rent or mortgage payments over the past month, as the cost of living crisis continues to wreak havoc on the public’s personal finances. This figure was around 29 per cent in early August 2022, new figures from the ONS show, [...]