Business

Half of new-build retirement properties promote at a loss

Half of new-build retirement homes sell at a loss Round half of recent construct retirement properties bought throughout a 10-year interval had been later re-sold at a loss, in response to unique analysis for the BBC. The analysis by the Aged Lodging Counsel charity discovered falls in worth could possibly be greater than 50%. It checked out hundreds of Land Registry data for resale particulars of properties constructed between 1998

Trinity Mirror in talks to purchase Categorical newspaper

Trinity Mirror in talks to buy Express newspaper The proprietor of the Day by day Mirror has stated it’s in talks to purchase the proprietor of the Day by day Categorical and Day by day Star. Trinity Mirror hopes to purchase the entire publishing property of Northern & Shell, which additionally owns celeb journal OK!. In addition to the Mirror titles, Trinity Mirror additionally publishes the Day by day Report,

Eurozone set for quickest progress since 2007, says ECB

Eurozone set for fastest growth since 2007, says ECB The European Central Financial institution (ECB) has raised its eurozone financial progress forecast for this yr to 2.2%, the quickest progress in 10 years. ECB president Mario Draghi mentioned the 19-country bloc grew sooner than anticipated within the first half of the yr. It got here because the financial institution stored eurozone rates of interest and its bond shopping for stimulus

Asda: Tons of of jobs misplaced at grocery store places of work

Asda: Hundreds of jobs lost at supermarket offices Asda is to axe lots of of jobs at its West Yorkshire head workplace and an additional web site within the East Midlands as a part of a serious cost-cutting drive. About 300 jobs are to go at Asda Home in Leeds and George Home in Leicester the chain mentioned, with job descriptions to an additional 800 roles modified. The grocery large

Bell Pottinger investor writes off stake

Bell Pottinger investor writes off stake Media playback is unsupported in your system The second-biggest shareholder in Bell Pottinger is writing off its stake within the troubled public relations firm. Promoting agency Chime has deserted its try to promote a 27% stake in Bell Pottinger after it was expelled from the PR industry trade body. Chime executives embody Lord Coe and promoting large WPP is one in every of its

Boeing declares victory in Airbus subsidies dispute

Boeing declares victory in Airbus subsidies dispute US plane producer Boeing has received a victory in a long-running dispute with European rival Airbus. The World Commerce Group has reversed on enchantment a ruling that Boeing acquired some state help to assist construct its latest plane, the 777X. “The WTO has rejected yet one more of the baseless claims the European Union has made,” Boeing mentioned in an announcement. Nevertheless, Airbus

Brexit: UK to be 'educated' about penalties, says Barnier

Brexit: UK to be 'educated' about consequences, says Barnier The EU’s Brexit negotiator has mentioned he sees the method as a chance to “educate the British folks and others what leaving the EU means”. Michel Barnier mentioned he would by no means resort to blackmail however noticed it as his job to “educate” the UK concerning the value it might pay for leaving the EU “membership”. The UK has hit

Solar energy deal will decrease social tenants' power payments

Solar power deal will lower social tenants' energy bills Photo voltaic panels are to be put in in 800,000 low-income houses throughout England and Wales over the following 5 years, as a part of a brand new authorities scheme. The Dutch agency, Maas Capital, is investing £160m within the undertaking. The panels, which will probably be free to tenants, are anticipated to chop lots of of kilos from power payments,

Automobile makers supply scrappage offers in race for brand new clients

Car makers offer scrappage deals in race for new customers Renault-Nissan and Kia are the most recent automobile corporations to launch automobile trade-in schemes, aimed toward persuading UK clients to swap older, extra polluting, automobile fashions for brand new ones. Earlier Volkswagen and Toyota introduced diesel scrappage schemes, becoming a member of BMW, Ford, Hyundai, Mercedes-Benz and Vauxhall who’ve all launched schemes. The automobile corporations will settle for trade-ins from

Huge fall in money Isa investments

Big fall in cash Isa investments The sum of money put into money Particular person Financial savings Accounts (Isas) has fallen by a 3rd year-on-year, as low rates of interest and tax modifications make them much less engaging to savers. Within the 2015-16 monetary 12 months, money ISA holders paid £58.7bn into them. However in 2016-17, solely £39.2bn of recent cash went in, in keeping with newest figures issued by