All news by author: Lawrence Matheson
1023
Average price of a home is now only £1,800 off peak of June, 2022, says Halifax
The average UK house price was £291,699 in February, around £1,000 more than the previous month, according to Halifax
1212
KPMG fined almost £1.5 million by accounting watchdog over M&C Saatchi audit
The Financial Reporting Council announced the sanction against the big-four financial firm this week almost three years after a probe was first launched into the firm
1233
Vimto-maker Nichols toasts 100th Ramadan with Middle East sales boost
The soft drinks company said its sales in the Middle East rose 10.3% last year, as it marked its 100th Ramadan
640
Construction industry 'stabilises' as builders feel most optimistic in two years
The latest S&P Global/CIPS construction purchasing managers' index scored 49.7 in February, up from 48.8 in January
1050
Legal and General's new boss plans 'sustainable growth' after profits slip
The FTSE 100 company saw its annual results miss market expectations
1192
Tesco cuts price of baby formula as supermarkets battle to offer best deals
The supermarket is reducing the price of 1.2kg tubs of Aptamil baby formula by £1 to £16 and 1.2kg boxes of Cow & Gate by 50p to £12
659
Mcdonald's close to signing deal to sponsor French football league, say reports
The French soccer league is reportedly close to signing a big sponsorship deal with McDonald's for the next three seasons
913
William Hill owner 888 carries out review of US consumer sports betting business
The group said it is carrying out a strategic review of its business-to-consumer US arm, which largely operates as SI Sportsbook and SI Casino, that could lead to the sale of the division, a "controlled exit" from the market or other possible "strategic" deals
1210
Galliford Try records profits rise as it sees higher spend from water companies
The business said that its order book had swelled to £3.7 billion at the end of December, compared to £3.5 billion a year earlier
1102
Capita warns of further job cuts as it reveals 'rapid' £100m cost-saving plan
The group, a major contractor for the Government and local authorities, said it was pressing ahead with cost-cutting as it swung to a £107m loss for 2023 after revenues fell and it took a £25 million hit from a cyber attack
965
Calvin Klein FKA twigs ad: ASA reverses ruling that poster objectified musician
The Advertising Standards Authority has reversed its decision that the ad was likely to cause serious harm or offence by objectifying the star
820
Companies House reveals new powers to stop scammers stealing names and addresses
The highly-anticipated changes will be the most significant in the UK's central corporate register's 180-year history, it said
1093
Tesco pay rise as supermarket to increase basic pay for workers to £12.02
Tesco to give 330,000 workers a pay rise of 9.1% in £300m investment
630
Bitcoin hits all-time high of £54,000 spurred by billions of US investments
The price of bitcoin reached around 69,170 US dollars (£54,370) on Tuesday afternoon, according to data from crypto exchange Binance
1095
Co-op members demand new chairwoman removes 'Frankenchickens' from supermarket
The Co-operative Group came under fire last year after an investigation showed footage of what appeared to be malformed chickens at supplier farms
556
US private equity giant Carlyle set to take 82% stake in Southend Airport
Esken, formerly Stobart Group, said it had decided to agree to the proposal designed to settle the airport's £193.75 million debt to Carlyle Global Infrastructure Fund
634
Average quoted price of home insurance premiums increased by 40.6% in January
This is the biggest yearly rise since Consumer Intelligence began keeping records in 2014
1061
Monzo raises £340 million in fresh funding round in major boost to growth plans
The UK digital bank, which has more than nine million customers, revealed that the latest fundraise values it at £3.9 billion
1239
GB News reports 40% increase in losses to £42 million as audience figures rise
The company said that its audience figures had grown, particularly online where page views increased more than five times
645
Currys should hold out for £1bn takeover offer, says top 10 investor
Currys has rejected two takeover approaches from Elliott Advisors
790
Travis Perkins says construction sector unlikely to recover until after election
The seller of construction products said that its customers are waiting to see if a potential new government will announce any support for the sector and where interest rates will go
825
House sales slow to 2008 financial crisis levels, says estate agent Foxtons
House sales in London decreased by 22% last year compared to 2022 leaving transaction volumes 'at some of the lowest levels since 2008' the company said
848
Mortgage lending to home-movers slumps to lowest level since 1974 - UK Finance
Mortgage lenders handed out 251,000 loans to home-movers, which is a drop of 26% compared to 2022
1333
'Reinvent work experience for teenagers' say former education secretaries
Baroness Morgan of Cotes and Lord Blunkett have called for a 'meaningful' relationship between schools and businesses
897
Car dealership Inchcape sees profits surge to £413m, but warns of sales slowdown
The firm posted a 24% hike in pre-tax profits to £413 million for 2023 after sales lifted 12%, when stripping out the boost from a recent acquisition
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