UK house prices flatline as rising mortgage costs weigh on market
The average cost of a home was £298,441, roughly the same as it was a year earlier and in the previous month, according to the tracker from Lloyds previously known as the Halifax HPI. Economists polled by Reuters had…
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Hollywood Bowl calls on dynamic pricing as heatwaves hit sales
Britain’s biggest ten-pin bowling operator said the summer’s “exceptionally prolonged, dry weather” had “heavily impacted” its trading, as like-for-like sales in the UK fell 2.6 per cent in the second half of this year.…
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UK ‘uninvestable’ if North Sea projects are blocked
Equinor chief Anders Opedal said his firm could pull out of future projects in the UK if the two oil and gas fields waiting on a green light from ministers are axed on environmental grounds. “Jackdaw and Rosebank have…
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Former Whitbread bosses buy back dozens of Beefeater restaurants
The buyers were supported by Rove360, a hospitality consultancy whose team includes former Whitbread senior managers. The move will create 700 new jobs and was agreed for an undisclosed sum. The restaurants – which…
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Jaguar bet its history on the Type 01, and it’ll pay off
We think the car is a stunner, and the business case behind it is stronger than the critics allow. There are car launches, and then there are launches where an entire company is holding its breath. Last night in New…
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Volkswagen takes £725m hit from motor finance scandal
The finance arm of Volkswagen has taken a mammoth hit from the motor finance scandal plunging it to a loss for the year. Volkswagen Financial Services UK (VWFS) set aside £725m for expected expenses under the City…
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Rainmakers: The drones used to seed clouds
Neither did thousands of other residents in Homer, Alaska, who later discovered a start-up called Rainmaker conducted an experiment in that region using cloud-seeding technology. The company, based in El Segundo…
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Apparent exodus of super-rich suggests UK is no longer billionaires’ playground
But if recent complaints by fleeing ultra-high net worth individuals are to be believed, the city is no longer as welcoming for those who consider themselves to be Britain's most-persecuted minority. They complain of…
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Shell eyes profit windfall from surging fuel prices
The blue-chip energy giant said on Wednesday it expects its indicative refining margin – the difference between the cost of crude oil and the market value of finished fuels like diesel and gasoline – to leap to $42 per…
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House prices fall faster in London as property market stays ‘subdued’
The average house price in London fell by 2.2 per cent to £531,548 in the year to September, according to the Lloyds house price index, marking a worse drop than August’s 1.5 per cent. Across the UK, house prices were…
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