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Evening Standard
Crest Nicholson re-ups profit forecasts as housing market booms
Crest Nicholson gave another lift to profit forecasts today as it backed the booming housing market to cope with September’s end of stamp duty relief.The company, which is focused on building new homes in the Midlands and South-East England, said sales rates and prices were back above pre-pandemic levels as changing work patterns and lifestyle …
Business
Evening Standard
Lidl expansion: The 237 London areas the discount retailer is eyeing up for potential store openings
Lidl has revealed a long site shopping list as the retailer pursues plans to open a further 140 stores in the UK by the end of 2023. In a sign of hope for the high street, the German discounter confirmed it will hit its annual target of opening 50 new stores in 2021, creating 2,000 …
Business
Sky News
Bank of England now sees inflation peak above 3% but plays down risk to economy
The Bank of England has raised its expectations for inflation but reiterated its view that the coronavirus crisis-linked spike in price rises of recent months does not represent a looming crisis for the economy.Minutes of the latest meeting of the Bank’s monetary policy committee (MPC), which left interest rates unchanged at their COVID-19 pandemic low …
Business
Evening Standard
FTSE 100 set for slow start as City awaits Bank of England decision on interest rates
The FTSE 100 was set to stay stuck below 7100 today in a flat start ahead of the Bank of England’s key decisions on interest rates.The Bank is expected today to keep the cost of borrowing at its near-zero levels and leave the QE taps on, albeit with dissent from the outgoing chief economist Andy …
Business
Sky News
Malta and Ibiza could be added to travel list – but Merkel says UK arrivals in EU should quarantine
Malta and the Balearic Islands – which include Ibiza, Mallorca, Minorca and Formentera – could be added to the quarantine-free green list today.The government is due to update its traffic light system and latest travel advice amid calls from holidaymakers and travel firms for more countries to be moved from the amber list – and …
Business
Sky News
Machine that can ‘sniff out’ COVID goes on trial in North East
A revolutionary new system which can detect COVID-19 particles in the air is being trialled in the North East. Its developers say it could help provide early warning of the spread of COVID-19 or other viruses, enabling a more rapid response to potential outbreaks. Two units, which are about the size of an office printer, are …
Business
Evening Standard
GlaxoSmithKline shareholders welcome Emma Walmsley plan on demerger
Shares in GlaxoSmithKline jumped as investors reacted to chief executive Emma Walmsley’s crunch update on her plans for the pharmaceuticals giant.Walmsley is splitting off the group’s vast consumer healthcare joint venture into a separate FTSE 100 company next year.Shareholders told the Evening Standard they were “relieved” that the company had opted to do the split …
Business
Sky News
Who would buy Channel 4, leasehold market shake-up and global threat to cotton
As the government looks for buyers for Channel 4, we hear from a media analyst on who might be interested. Plus the competitions regulator explains who will benefit from a clampdown on freeholder charges – and a cotton expert tells us how global heating is threatening the industry.:: Listen and subscribe to The Ian King …
Business
Sky News
Bank of Ireland nears return to private hands after financial crash bailout
Few countries were as badly scarred by the global financial crisis as Ireland.The economy previously described as a ‘Celtic Tiger’ was rendered a neutered tabby almost overnight as a colossal decade-long bubble in property burst. Dublin was forced to seek a €67.5bn bailout – equivalent to two-fifths of Irish GDP – from the International Monetary …
Business
Sky News
Inflation pressures build as pace of economic rebound ‘appears to have peaked’
Inflation pressures facing UK firms hit record levels this month – amid signs that the pace of the economy’s rebound from the coronavirus crisis may have peaked.Growth in business activity in June slipped back slightly from record levels seen the month before according to the latest “flash” UK purchasing managers’ index (PMI). The survey’s measure …
Business
Business Live
Hilton Hotel in centre of Cardiff bought by private investor
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Business
Business Live
Banking giant to close a further 44 Lloyds and Halifax branches
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