London Local Election May Hit Housebuilding
Local elections could cause a housebuilding slump in London as council shake-ups obstruct development plans, warns expert Tony Travers.
Local elections could cause a housebuilding slump in London as council shake-ups obstruct development plans, warns expert Tony Travers.
Lidl confirms its Clapton store will open spring 2027 on the former JET site, creating 40 jobs with pay from £14.80/hr, after years of planning and community consultation.
Nintendo announces Star Fox 64 remake for Switch 2 at £41.99, releasing June 25. New leaks hint at Ocarina of Time remake, 3D Mario, and more.
Samsung faces a potential strike as unions demand higher pay and bonuses from AI-driven profits, while the company's market value hits $1 trillion.
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RecommendedRoyal Navy has continuously monitored Russian frigate Admiral Grigorovich for an entire month as it sailed near UK waters and infrastructure.
Investment bankers in London are projected to receive 20% higher bonuses after a bumper first quarter, driven by increased M&A activity and rising deal volumes.
Despite recent headlines claiming £10 pints in London, City AM's survey of over 100 pubs found the average price is £5.77, with sub-£5 options common.
JD Wetherspoon chairman Tim Martin criticizes Ryanair CEO Michael O'Leary's call to ban early morning airport drinking, calling it a 'Big Brother' approach and warning of impractical enforcement.
UK construction output fell sharply in April due to rising costs and red tape, with the S&P Global index dropping to 39.7. Builders warn Labour's housebuilding target is at risk.
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RecommendedAlmost half of Gen Z consider being 5-10 minutes late as on time, sparking a TikTok trend. HR experts warn it could lead to disciplinary action, while younger workers see punctuality rules as outdated.
Kash Patel, FBI director under Trump, allegedly gave engraved, signed bourbon bottles to staff and civilians, sparking ethics concerns amid ongoing scrutiny of his behavior.
AirAsia CEO warns jet fuel shortage from Iran war is worse than Covid, with UK most exposed. Spirit Airlines collapsed, and other low-cost carriers may follow.
IHG expects a 50% sales decline in the Middle East due to the Iran war, but remains confident in growth driven by other regions like Greater China.
Rathbones reports 1.7% drop in assets under management due to client outflows in its wealth management division, amid challenging market conditions.
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RecommendedFederal authorities arrested 18 people in Los Angeles as part of a crackdown on drug trafficking in MacArthur Park, targeting fentanyl and methamphetamine sales.
Cornish Pirates become first English rugby club to secure significant US investment with Stonewood Capital, aiming for Premiership franchise model by 2030.
Documents reveal Bauman Moscow State Technical University hosts a secret faculty training GRU operatives in hacking, disinformation, and election meddling for Russian military intelligence.
ARN Media CEO reveals $22m advertising drop due to brand safety concerns over Kyle and Jackie O Show, contributing to $26.4m revenue loss in 2025/26.
DeepL partners with US companies, boosting Europe's AI translation industry amid growing demand for accurate, context-aware language tools.
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RecommendedAustralia's Labor government proposes forcing gas companies to reserve domestic supply, aiming to lower prices and secure energy for households and businesses.
As oil giant Shell announces robust profits, the revived Iran nuclear deal promises to reshape global energy markets. Stock markets show mixed reactions.
M&G reports strong first-quarter inflows driven by asset management and a strategic partnership with Dai-ichi Life, boosting overall performance.
Shell reported Q1 earnings of $6.9bn, beating expectations, driven by higher oil prices and lower costs. The firm launched a $3bn share buyback and noted impacts from Middle East conflict.
JD Sports reports 12% profit fall to £629m, warns of muted growth due to weak consumer spending and potential Iran war cost pressures, while closing 24 UK stores.
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RecommendedUK investors ended a 10-month selling spree in April, adding £1.1bn to equity funds. Inflows were concentrated in US and global funds, while UK and other regions saw outflows.
Pet Drugs Online's new PetSaver memberships claim to save pet owners money. We crunched the numbers to see if the plans are worth it for different spending levels.
Flibco launches a 24/7 coach service from Finsbury Park to Stansted Airport with fares from £6.99. Buses run every 45 minutes, offering a cheaper alternative to rail.
FTSE 100 edges higher as Brent crude returns above $100 amid mixed signals from Trump on Iran deal. Markets eye progress in negotiations.
Houlihan Lokey reported record dealmaking fees of $2.6bn in fiscal 2025, up 18% from last year, despite a slowdown in Middle East activity.
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RecommendedAs law firms focus on US expansion, partner promotions surge across the Atlantic while London becomes more selective, reflecting strategic shifts in the legal sector.