Michael Hunter
Bank holidays and good weather help UK retail sales grow again in May
That’s well ahead of the 0.2% decline predicted by economists
Bank of England interest rates hit 5%
Jumbo hike of half a percentage point is the 13th consecutive rise, cost of borrowing to its highest since 2008
London house market faces ‘slowdown’ as BOE risks overdoing rate rises
Rob Perrins, one of the longest-serving CEOs on the FTSE 100, does not expect house prices to fall
‘Irrefusable’ £464 million bid for Lookers backed by its board
The 120p per share offer from Canada’s AAG comes after a moribund year for M&A
City sets its sights on more tourists with new website
Corporation of the City of London wants to bring in ‘experience seeker’ visitors from home and abroad
Billionaires demand more space at the top of London’s property market
Signs are that bigger homes mean the super-rich are using the capital as their primary residence
London IPO market ‘effectively closed’ says Peel Hunt
City investment bank points to turbulent politics and rising rates as it swings to an annual loss in deal drought
Ashtead backs its London listing as US business drives profits
“We remain happy where we are,” its CEO Brendan Horgan tells The Standard
M&G eyes further costs savings as City redundancies hit its target
Assets under management up £2 billion, driven by UK investors despite ‘mini-Budget crisis’ in September
Diageo’s CEO Sir Ivan Menezes dies
One of the FTSE 100’s longest-serving leaders, Sir Ivan was 63
Rising interest rates keep pressure on real estate investment trusts
Drop in investment demand comes even as demand for retail and warehouse space recovers
New car sales go up a gear
Last Ford Fiesta to roll off the production line this month ahead of switch to electric vehicles
Ryanair flies back into profit and warns of higher prices ahead
Michael O’Leary on course for €100 million payout as shares take off
National Grid calls for ‘agile’ regulation in green power push
Electricity newtork’s CEO tells The Standard that this winter’s measures to cut demand were a ‘glimpse of the future’
Landsec sees value of its London properties fall by £500 million
But Land Securities also showed demand from tenants was continuing to rise strongly after the pandemic
Cost-of-living crisis makes UK workers restless for new jobs
London at the forefront as new research points to pent-up demand in a tight labour market
Compass profit over £1 billion as sport fans and office workers return
World’s biggest contract caterer backs London listing as it shifts its reporting currency to dollars