Tag: finance

Taylor Wimpey upbeat despite Brexit uncertainty  – but cautious over South East and London

Taylor Wimpey says demand for new homes remains strong despite the general woes of the construction industry – but has sounded a note of caution over conditions in London and the South East. The High Wycombe-based housebuilder had warned that costs were rising and had also said it was stocking up to prepare for a no-deal Brexit. The group said today that it was on track to hit previous expectations thanks to a “strong order book”. Chief executive Pete Redfern said: “In spite of wider political and economic uncertainty, housing market conditions have remained resilient. We are focused on the

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Royal Mail wins bid to halt Christmas postal strikes

Image copyright AFP Royal Mail has won its legal battle to prevent a postal strike after the High Court backed its application for an injunction. The decision is a setback for union plans to stage strikes in the run-up to the general election and Christmas. Last month, 100,000 Royal Mail staff were balloted and voted to take action over job security and terms. But Royal Mail argued that the ballot had “potential irregularities” and was null and void. The Communications Workers Union (CWU) said its members were “extremely angry and bitterly disappointed”. It also accused Royal Mail of a “cowardly

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Will I lose out if I consolidate my pensions?

Will I lose out if I consolidate my pensions? I have four private pensions including my current employer pension. How do I go about consolidating them all into one easily manageable pension and what are the financial implications of moving them? Helen Morrissey Wed, 11/13/2019 – 16:25 From MG/York While consolidating your pensions might make them easier to manage, there are several points you need to consider before you do so. Each pension could be set up differently with different charges and you might find that you incur exit fees when you combine pots. You could also potentially be giving

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Spencer Group bags four-year nuclear contract to power up sector work

Spencer Group has strengthened its foothold in the UK’s nuclear industry as it was chosen for a major four-year engineering programme. The Hull-based civil engineering firm is set to design and build projects for National Nuclear Laboratories (NNL) – a government body which conducts research across the sector. The framework will enable Spencer Group to develop further its reputation in the nuclear industry, and proven track record of delivering complex engineering projects. Rob Marshall, nuclear lead at Spencer Group, said: “We’re delighted to have the opportunity to work with NNL and to demonstrate our expertise and proven experience within the

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City watchdog slams own staff’s ‘shameful’ toilet habits

Image copyright Financial Conduct Authority Image caption It looks nicer on the outside than on the inside, apparently City of London regulators tasked with mucking out the financial stables have been making a “shameful” mess of their own, it has emerged. Financial Conduct Authority staff have been upbraided for leaving their HQ in an “unacceptable” state. Chief operating officer Georgina Philippou complained of “bad behaviour” including “colleagues defecating on the floor in toilet cubicles”. Catering and security teams had been verbally abused, she said. Ms Philippou made the complaints in a letter to the 4,000 employees at the FCA’s Stratford

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‘Little sign of change’ for number of women in top roles

Image copyright Getty Images There is “little sign of change” in women being under-represented in top jobs in business, a government-backed review has found. In the FTSE 350, only 25 women are in chair roles, with fewer chief executives, the Hampton-Alexander Review said. It called for a “stronger focus” to address the imbalance. However, FTSE 100 companies are on target for women to make up at least a third of boards by the end of 2020. This year has been the “strongest year of progress” for board representation since the review was set up in 2011, said Denise Wilson White,

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Huge office block to be built on 1.3 acres of land at Bristol Temple Quarter Enterprise Zone

A London-based investment management fund has bought a 1.3-acre plot of land within the Bristol Temple Quarter Enterprise Zone and plans to build high-end offices on the site. Tristan Capital Partners bought the Glass Wharf site in Bristol city centre from a joint venture between Salmon Harvester Properties and NFU Mutual. The site has planning consent for a new, 210,000 sq ft, eight-storey Grade A office building, which will be built by London developer Candour Group. Read More Related Articles   Construction work is expected to start mid-2020 and finish in the middle of 2022. Toby Pentecost, co-founder of Candour

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The £25m Conwy Valley ‘smart home’ development that builder says will create 500 jobs

Plans have been unveiled for a £25 million development of “smart” homes in the Conwy Valley which the developer says will create nearly 500 jobs during construction. Calon Homes has submitted a planning application to Conwy council to build 111 houses on the 13-acre Maes-y-Felin site in Glan Conwy. They have pledged that 95 per cent of all the people employed will be from Conwy county and wherever possible materials will be bought from local suppliers. Senior operations manager Bryn Roberts said: “The site just off the A470 will comprise family homes for first time buyers as well as second

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England flooding: Why insurance may not cover damage

Image caption Pam Webb has been left with damage to her home and business As a business owner, it is the worst kind of double-whammy – first flood waters pour through the premises, and then the insurance does not cover the cost of starting over again. Pam Webb told the BBC that her spa in Fishlake, near Doncaster, was once covered for such a situation, but not anymore. “I feel really selfish in saying this, and I hope that other people aren’t in this boat, but I’ve lost my home and my business and my livelihood that I’ve worked so

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‘The time is now’: Businesses urged to invest in Hull city centre

“The time is now” for businesses to invest in Hull city centre, a leading property figure has claimed. New homes and apartments have been springing up throughout the city centre in recent years, with many former offices and empty buildings transformed into modern living spaces. It has been led by the successful transformation and regeneration of Humber Street in Hull’s former Fruit Market, with the development of more than 100 homes and apartments sitting alongside new independent stores, restaurants and galleries. Now, property agents have said a “ripple effect” into areas in and around Hull’s Old Town could continue the

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