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Vistry plans to axe 200 jobs amid UK housing market slump
Housebuilder Vistry Group has detailed plans to shed around 200 jobs, as it joins rival firms in warning over weaker demand in the housing market. The London-listed company said the need for affordable homes is continuing to boost part of its business, and in a trading update said it was targeting adjusted profit before tax …
Business
Sky News
Least and most affordable places to rent revealed
Only one region in England, Wales and Northern Ireland had unaffordable rent, according to official figures. On average, Londoners paid 35% of their household income on rent in the year to March 2022, a percentage that the Office of National Statistics (ONS) classes as unaffordable. That percent of income was equivalent to £1,450.Two areas were …
Business
Sky News
Rail ticket office closures will go ‘too far, too fast’
Plans to close rail ticket offices will go “too far, too fast”, MPs have warned. The Rail Delivery Group announced over the summer that almost all of the 1,007 in-person facilities in England would be shut down in an effort to reduce costs after a post-COVID fall in passenger numbers. The industry body also said …
Business
Euro News
The future of reusable packaging in Europe hangs in the balance
Business
Sky News
Housebuilder to cut 200 jobs and take £40m hit to profits as demand slows
UK housebuilder Vistry is to cut 200 jobs and make £40m less profit than previously thought after a slump in demand.High interest rates and cost of living pressures resulted in a slowdown in property purchases, it said in a trading update. “We have not seen the seasonal increase in private sales since September that we …
Business
Sky News
Badenoch snubs invitation to address troubled CBI’s summit
Kemi Badenoch, the business secretary, has turned down an invitation to address the CBI’s annual conference, dealing a blow to the business lobbying group’s efforts to rebuild its reputation.Sky News understands that Ms Badenoch’s officials have informed the CBI that diary clashes in the run-up to next month’s autumn statement will prevent her from addressing …
Business
Euro News
Watch: Hurricane Norma makes landfall in Mexico as Category 1 storm
Business
Euro News
Slovenia to introduce border checks with Hungary and Croatia
Business
Euro News
South Africa pulls off great escape to beat England and make Rugby World Cup final
Business
Euro News
Swiss elections: polls show right-wing populists and Socialists may fare well
Business
Euro News
Ukraine: Russian strike kills six at postal depot in Kharkiv region
Business
Business Live
Maritime tech company CetoAI raises £1.5m seed funding
A Newcastle tech company that helps shipping operators reduce machinery breakdowns and cut carbon emissions using AI has closed a £1.5m seed funding round. Hoults Yard-based CetoAI specialises in predictive analytics systems for the maritime industry has secured investment led by insurance group Howden Ventures and including reinsurance specialist Chaucer Group, Founders Factory, and existing …

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