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How to make the most of your property investment in 2020
The UK’s property market slowed somewhat over the past 12 months, as uncertainty around Brexit meant buyers and sellers alike were unsure whether to stick or twist. However, the unpredictable political climate has not seen prices drop – quite the opposite, in fact. According to data from the Land Registry, the average price of a […]
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Ryanair crew threatening to join pilots in striking
As 100 Ryanair pilots approach a walkout, cabin crew and ground staff have set out a list of demands for improved terms and working conditions. A document released called the “Ryanair Crew Charter” sets out 34 demands that require action if a further strike is to be avoided. Demands include a fair living wage, predictable […]
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UK economy looking up on the back of services growth
IHS Markit’s latest Purchasing Managers’ Index (PMI) figures have shown positive news for Britain’s economy, with a stronger than expected growth in the services sector. The services PMI came in at 55.1 for June, after sitting at 54 in May. A number higher than 50 indicates growth for the sector. The figures recorded at the […]
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Retail expert claims high streets must re-fashion to survive
A report by influential retail expert Bill Grimsey has claimed town centres need to do away with the traditional model of brick-and-mortar shops anchoring high streets. The independent review, dubbed the Grimsey Review 2, calls for town centres to be “repopulated and re-fashioned”, saying there is too much retail space for today’s market. Following up […]
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Study shows widespread financial distress and risk of insolvency among estate agents
Accounting and insolvency firm Moore Stephens have released a study showing significant pressure on real estate agents across the country. The study’s figures showed 153 agents went insolvent in the last year, compared with 148 the year before. Furthermore, around 7,000 – 27% of the total number throughout the nation – were showing “signs of […]
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Support comes for Premier Foods boss Darby
Premier Foods chief executive Gavin Darby has been given the support of the company’s board in the wake of recent investor criticism. The company’s board came out with a statement backing Darby, saying: “The Board has confidence in Gavin Darby and firmly believes that he and the Management Team are best placed to run the […]
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Tesco and Carrefour launch strategic alliance
Tesco have announced they are teaming up with French chain Carrefour in a partnership aimed at delivering higher quality and choice to their customers. In what is described as a “strategic alliance”, the two will work together over three years, covering global supplier relationships, joint purchasing of own-brand products and goods not for resale. A […]
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Government proposes minimum-term tenancies for renters
A new proposal being introduced to parliament will have rental contracts offered with a minimum term of three years, if passed. Introduced by housing secretary James Brokenshire, the plan is a way to offer tenants greater security in a market where less and less have the ability to buy. Special concern is being paid to […]
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Watchdog warning action against hotel booking sites for misleading tactics
The UK’s Competition and Markets Authority (CMA) are attempting to clamp down on shady marketing and pressure tactics from leading hotel and travel booking websites. Following an investigation which began in October, the CMA has made a statement regarding widespread use of pressure selling tactics, hidden charges, misleading comparison figures and search results influenced by […]
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ONS gives improved figures for first quarter growth
The pound has been given a small boost as the Office for National Statistics came in with a revised estimate of UK economic growth in the first quarter. It appears the nation’s construction output decline may not have been as bad as initially feared, as the ONS now says gross domestic product grew by 0.2% […]
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