business and finance

Sellers hoping for a Boris bounce raise property asking prices by £7k

The average price of newly-listed homes for sale jumped 2.3 per cent to £306,810 in a month, as the traditional New Year bounce combined with post-election confidence.




business and finance

Act now to switch your mortgage if it ends in three months

Getting a new deal will take longer, as lenders are struggling with huge demand from anxious customers requesting repayment holidays on their loans.




business and finance

House prices forecast to drop 13% this year, by CEBR

The crash will be driven by the rental sector as the amount tenants can afford to pay plummets due to wage cuts and unemployment. Yorkshire and East Anglia look like being the hardest hit.




business and finance

Taking a mortgage holiday could make it more difficult to remortgage in the future experts warn

Industry insiders have claimed that some lenders have already started to automatically decline applications for those who have taken a payment holiday.




business and finance

Knight Frank calls for a stamp duty cut to save the property market

Lockdown will result in the loss of 526,000 home sales this year if there is no intervention - starving the economy of at least £14.3 billion, says Knight Frank.




business and finance

House prices started to slow before lockdown, says ONS / Land Registry

House price inflation slowed from 1.5 per cent in January to 1.1 per cent in February, the Office for National Statistics and Land Registry index reported




business and finance

Home sales worth £82bn are on hold amid coronavirus lockdown

Property website Zoopla said some 373,000 property transactions are stuck in the pipeline as people are effectively stopped from moving home.




business and finance

Nationwide: House prices up in April, but Lloyds forecasts 5% fall

Nationwide warned the outlook for the market remains 'highly uncertain', while Lloyds' worst case prediction is a 30% fall over two years.




business and finance

'I can't wait to move!': Majority of buyers vow to crack on with moves

Getting the deal done looks set to become a tag-line for the property market as transactions remain on hold and more people look to move outside of big cities like London and Birmingham.




business and finance

Surge in DIY sales boosts B&Q before lockdown

Kingfisher, which also owns Screwfix, saw sales shoot up 38 per cent in the third week of March. Online sales jumped by a quarter as people avoided shops as the threat of the virus became clear.




business and finance

What are property buyers and sellers allowed to in lockdown?

The Government has now released guidance on what to do if you're in the middle of a move. So should you move house, delay your purchase, or pull out of the sale completely?




business and finance

What entrepreneurs are doing to avoid going bust during coronavirus

We speak to small business owners and self-employed workers who tell us how they're adapting their businesses in the face of coronavirus.




business and finance

Arcadia halts £2m pension top-ups as it tries to cling on to cash in face of coronavirus lockdown

Arcadia will halt the £2m monthly contributions which were agreed with The Pensions Regulator last summer to reduce a shortfall in the pension scheme.




business and finance

A third of all mortgage deals are pulled in three weeks as coronavirus grips the market

There are some 1,585 fewer residential mortgages now available than there were just three weeks ago, according to financial experts Moneyfacts.




business and finance

Former Costa Coffee boss Dominic Paul appointed new boss of Domino's 

Paul takes over at the takeaway pizza group after leading the coffee chain through its growth spurt ahead of its £3.9bn sale to Coca-Cola by former owner Whitbread last year.




business and finance

De La Rue sees profits hit by poor start to the year in currency arm 

De La Rue predicted that adjusted operating profit for the 12 months ending March 27 would be between £20m and £25m, in line with earlier guidance. This is a major drop on the previous year.




business and finance

WPP battens down the hatches over pandemic

The advertising group yesterday warned that the coronavirus crisis was hitting revenues as clients delayed spending decisions and put back marketing campaigns.




business and finance

We urge big business to consign fat cat pay to history

Companies cutting dividends and laying off workers in a battle to survive the coronavirus crisis should not be handing millions of pounds to bosses.




business and finance

Neil Woodford protege Mark Barnett dumps all unquoted shares

Mark Barnett, Invesco's best-known fund manager, will wash his hands of all the companies his funds own which are not listed on the stock exchange. Investors are expected to take a painful hit.




business and finance

Tie-up between Paddy Power owner and Sky Bet owner gets backing

The Competition and Markets Authority said the merger 'will not worsen the offering', due to the other large players in the market. The merger will be subject to approval of shareholders.




business and finance

Carnival cruises launches £4.8bn cash call

The company announced it would raise £1bn from a public share sale, and by borrowing an additional £3.8bn on the bond markets. The money will be used for day-to-day spending.




business and finance

MARKET REPORT: AIM group boosted by deal for NHS ventilators

AIM-listed business Science Group has become the latest firm to design a ventilator from scratch. It has signed an agreement to provide 10,000 of them if regulators approve.




business and finance

FTSE suffers worst quarter since 1987 as virus sends shares tumbling

Despite steady gains yesterday, the FTSE100 fell 24.8 per cent, or 1870.48 points, in the first three months of the year to end the first quarter at 5671.96. It was the biggest ever quarterly points fall.




business and finance

Airline tycoons told to cough up if industry is bailed out

The industry has been pleading for state aid after being crippled by the Covid-19 pandemic. Virgin Atlantic, part of Sir Richard Branson's empire, has led calls for an £7.5bn industry rescue package.




business and finance

Best savings rates: Investec brings back top notice account paying 1.65%

While the relaunched Notice Plus account from Epsom Derby sponsor Investec has more moving parts than a track full of racehorses, it offers an easy-access element with a top-rate deal.




business and finance

eBay slashes fees to support struggling small firms during pandemic

Small firms who sign up to eBay will pay no charges to list or sell up to 250 items a month until May 31. Existing business sellers will be given a 30-day payment holiday on all fees.




business and finance

ALEX BRUMMER: The world and Britain set for an employment catastrophe

A day which started with optimism due to a surge in a Chinese manufacturing index in March, suggesting there could be a sharp 'V' shaped recovery from global lockdowns, ended with more alarming data.




business and finance

Two married women get payouts totalling £14k after state pension blunder

A probe is now under way into the failure, which went unnoticed for more than a decade until discovered by our pensions columnist Steve Webb and This is Money.




business and finance

Easyjet founder Sir Stelios calls for vote on whether to sack director

It follows through on a threat from Sir Stelios, 53, who is Easyjet's biggest shareholder, to sack a director every seven weeks if the firm does not move to cancel its order of 107 aircraft from Airbus.




business and finance

Customers vent anger at Ocado meltdown

FTI Consulting said that Ocado had seen a 'stark deterioration in scores,' while 'Morrisons, Tesco and Asda have all improved'. Waitrose ranked the strongest in recent weeks.




business and finance

Next to sell Leicestershire HQ to boost virus lockdown funds

The fashion retailer has appointed agents to sell its head office and warehouse in West Yorkshire. The sale and leaseback deals are part of a strategy announced at its annual results last week.




business and finance

Morrisons promises staff a £1,000 bonus

The scheme also includes new hires the supermarket has made to help deal with added demand sparked by the coronavirus pandemic. Supermarkets dealt with record levels of demand in March.




business and finance

Oil up 20% on hopes Saudis and Russia are close to ending price war

Crude rose to $30 a barrel after trading at 18-year lows for several days. During a brief spike prices jumped by 47 per cent - the highest gain ever recorded. However, oil is still well down on the year.




business and finance

HSBC trashes claims dividend row will see it quit Britain

Some HSBC directors are said to be furious at the Bank of England for forcing it to cancel its dividend and suggested the bank should move its headquarters from London to Hong Kong.




business and finance

MARKET REPORT: Crude surge helps shares shrug off jobless gloom

A record 6.65m Americans filed for help from the US Government last week, up from the previous record of 3.3m the week before, as measures to contain the coronavirus outbreak led to millions losing their jobs.




business and finance

PZ Cussons strips boss of retirement cash after conduct ruling

The soap-maker found a series of payments over the several years that Alex Kanellis was in charge did not live up to the standards expected of a chief executive.




business and finance

I hope people remember the good guys in this crisis, says Co-op boss

Steve Murrells is in charge of 60,000 staff and around 2,500 stores that are vital for keeping the nation's cupboards stocked, but his empire also includes pharmacies and the funeral care business.




business and finance

Standard Life to press ahead with £300m dividend

Standard Life Aberdeen, MoneySupermarket and warehouse group Segro yesterday also kept their dividends intact. But they are vastly outnumbered by those cancelling the largesse.




business and finance

ALEX BRUMMER: Scale of economic wipe-out from Covid-19 is horrifying

Alarmist forecasts of more than 20m job losses in the US, and a 10 per cent plus loss of output in Britain and in America in the second quarter, look likely to be a reality.




business and finance

These are the '20' number plates the DVLA deems offensive and banned

The DVLA has released the list details of the personalised plate options it has removed from the market for being insulting, with the likes of M20 RON, A20 RSE and BS20 TRD all being pulled from sale.




business and finance

How do you make a valid will with witnesses in the coronavirus lockdown?

Demand for wills is surging, understandably in the midst of a grave health crisis. Lawyers explain how to get a will properly signed while not endangering yourself or others.




business and finance

How Britain's shopping habits have changed amid coronavirus

22-year-old Tara Hinchy and 31-year-old Greg Linning were among those who told This is Money they had changed their shopping habits in response to the coronavirus.




business and finance

Houseparty, Slack and Zoom: What's behind apps keeping us social?

Since Britain was put in lockdown thanks to the coronavirus pandemic, a number of apps have seen their popularity boom - the right place, the right time and all that.




business and finance

Boss of children's clothes firm loved by Royals blasts rivals

Laura Tenison, the founder of upmarket children's clothing retailer JoJo Maman Bébé, says: 'We are an ethical business.' And she has been working on her own production line during the Covid-19 crisis.




business and finance

How much will your car tax go up by in 2020 as VED rates rise?

Owners of cars will see their car tax costs rise in-line with the RPI index, usually adding £5 to bills. However, new vehicle buyers will be hit harder, as first-year VED rates are determined by a new test.




business and finance

Bosses at Frankie and Benny's parent company take pay cuts

Chief executive Andy Hornby will have his earnings slashed by 40 per cent for a period of three months while chief financial officer Kirk Davis will see his pay cut by 20 per cent.




business and finance

GlaxoSmithKline links up with Vir Biotechnology to find a vaccine

Glaxo said it would invest more than £200m in the US company and that they would initially focus on speeding up development of Vir's antibody drugs, which could be used to treat Covid-19.




business and finance

The loyalty penalty now costs drivers £1.2bn a YEAR in higher premiums

Some 4.7million drivers are stuck with insurance policies that automatically renewed, with many now asking legal steps to be taken to stop the practice, according to Go Compare Car Insurance.




business and finance

Property prices remain stable in March but long-term hit from the coronavirus yet to filter through 

The typical home value was £240,384 in March, according to the Halifax index - meaning prices were at a standstill last month. It remains to been if they hold-up during the coronavirus outbreak.




business and finance

Meet the man who's been clearing the nation's junk and now also offers Covid-19 deep cleans 

Brendan O'Shea started Just Clear with just his wife and a van. Now his franchise is nationwide, and has been hired to decontaminate thousands of buildings of Covid-19