Interest in multi-million pound London homes picks up October 6, 2021 Home buyer interest in London’s market for homes listed at £2m and above has jumped 5.8 per cent. Interest in properties £10m and above rose 1.8 per cent in the third quarter, the Prime London Demand Index by estate agent Benham and Reeves showed. In the £2m and above market, Wandsworth in the city’s south-west [...]
UK fintechs attract record VC investment in the third quarter, outsprinting the total for 2020 October 5, 2021 Venture Capital (VC) investment in UK fintechs has reached an all-time high, as firms in the industry attracted $11.4bn in the first nine months of the year, and raked in the most quarterly funds in Q3 since records began. VCs injected a quarterly record of $4.9bn into British fintechs in the three months to the end of [...]
Cold and costly winter worries: Petrol and gas prices soar October 5, 2021 Brits are bracing for a cold winter as petrol prices hit their highest level in eight years and UK natural gas prices hit record highs. There have been concerns that families in the UK could be forced to “eat or heat” this winter. Gas prices for November delivery have rocketed, surpassing £3 a therm for [...]
Greggs share price surges ten per cent as revenues near £1.2bn October 5, 2021 Greggs has announced ambitious plans to double annual intake to £2.4bn over the next five years after the company lifted full year revenue expectations on the back of strong Q3 results. The bakery chain today revealed that like for like sales were up 3.5 per cent in Q3 compared to pre-pandemic levels with rebounding interest [...]
Hotel Chocolat jump more than 10 per cent after digital pivot pays off October 5, 2021 Hotel Chocolat’s shares have jumped more than 10 per cent today, as it posted solid revenue growth for the past year, suggesting the chocolatier’s pivot to becoming a digital brand is making headway. Revenue increased by over 20 per cent, which Walid Koudmani, market analyst at financial brokerage XTB said marked “encouraging signs for its [...]
Bank of America commences digital asset research October 5, 2021 The Bank of America has launched digital asset research and said the potential of the crypto space was “difficult to overstate” in a new report. The new research team will be led by Alkesh Shah, head of Global Cryptocurrency and Digital Asset Strategy. It comes after the bank estimated that the sector represents a $2tn [...]
Scantily clad CMA guidelines will do little to fend off greenwashing on our high streets and in our banks October 5, 2021 restore it. The term greenwashing wasn’t invented by the environmentally active Gen Z or even the older cohort of millenials. It dates back to 1986 when American environmentalist Jay Westerveld used it to describe hotels asking their customers to reuse towels to limit water usage while they abused neighbouring nature areas for their premises. Washing [...]
Marks Electrical eyes London IPO after online growth October 5, 2021 Online retailer Marks Electrical has announced its intention to pursue an initial public offering (IPO) on London’s AIM market. The group – which sells, installs and recycles a variety of household electrical items – has seen online growth swell as consumer behaviour has changed. Revenue hit £56m in the year to March 31 2021, up [...]
Sinic Holdings becomes latest firm to get caught up in Evergrande’s downward spiral October 5, 2021 Sinic Holdings has become the latest firm to be caught up in the downward spiral set off by Evergrande, the Chinese behemoth considered too big to fail by market analysts. Fitch ratings downgraded Sinic today after it defaulted on its debt interest payment. The firm is uncertain to honour a $246m bond repayment due later [...]
Furniture specialist ScS hails ‘strong year of recovery’ October 5, 2021 Furniture specialist ScS said this morning it is experiencing a “strong year of recovery” as the firm bounced back to profitability. The Sunderland-based company reported a pre-tax profit of £22.7m for the year to July 31, after tumbling to a £3.1m loss in the previous year. Steve Carson, chief executive of ScS, also hailed a [...]