London office vacancy rates to rise in City, Wharf and West End amid Wework trouble January 22, 2024 London office vacancy rates are expected to rise by the end of the year, in another blow for the health of the capital’s commercial property market.
London renters need 209,000 new homes as government told it has ‘huge task on hands’ January 22, 2024 Some 209,000 new rental homes will be needed in London by 2031 to help deal with the capital’s shrinking pool of housing.
How a ‘national icon’ rose up from a derelict car park January 22, 2024 How a £36m office building with Europe's largest living wall is making waves across the UK after reaching practical completion.
Canary Wharf hits new record as Docklands hub goes seven-days-a-week January 22, 2024 Retailers at Canary Wharf Group reported a record number of visitors last year, as the boss behind the operation hailed it as a “seven day week” operation.
Home REIT: Fennah heads for the exit with trail of destruction in her wake January 19, 2024 Home REIT chair Lynne Fennah announced yesterday she's finally heading for the exit - Charlie Conchie looks at why shareholders are saying it's about time.
Housing slump continues as Marshalls cost-cutting fails to halt revenue slide January 18, 2024 In a trading update, published today, Marshalls said actions to save around £11m annually, including factory mothballing, shift slashes and business re-shuffling couldn't prevent year-on-year group revenues falling by seven per cent to £671m.
London house prices crater as UK reports biggest drop since 2011– but experts are doubtful of data January 17, 2024 The capital saw the biggest drop in the UK, but still had the most expensive homes at £505,000, almost double the UK average of £285,000. This is £6,000 down on the average from 2022.
FTSE 100 today: London markets could wrestle with recovery as global risk mood sours January 17, 2024 Amid global market volatility, Asian markets respond to a Wall Street downturn, while Nikkei reaching a 34-year high; oil prices decline due to a dollar surge and Red Sea geopolitical concerns. The greenback hits a one-month peak. China's economy outperforms expectations, while investors await crucial data on UK inflation and U.S. retail sales.
China’s 2023 odyssey: economy grows by 5.2 per cent, population declines by two million January 17, 2024 China's economy grew by 5.2% in 2023, but a 2 million population decline highlighted challenges from a slowing property market and demographic pressures.
Crest Nicholson: Housebuilder issues profit warning over runaway costs and readies for legal bill over 2021 fire January 15, 2024 Crest Nicholson has lowered its profit guidance for the year due to issues at its Brightwells Yard regeneration scheme in Farnham.
