Category: <span>Markets</span>

Can London stock market shake off dinosaur image to boldly go?
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Can London stock market shake off dinosaur image to boldly go?

London’s stock market is facing a barrage of criticism, with global investors likening it to a “global backwater” struggling to attract and retain growth companies that excite investors and are building the 21st-century economy. However, after a surge of stock flotations in 2021, including cutting-edge firms such as Oxford Nanopore, and new listing rules, London’s status...

Oscar Wilde’s former street named the most expensive in England
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Oscar Wilde’s former street named the most expensive in England

It was once home to literary and artistic greats including Oscar Wilde, but now Tite Street in west London has a new claim to fame after Halifax named it the most expensive street in England and Wales, with an average house price of £28.9m. The mortgage lender said the top 10 priciest streets in 2021 were all...

The Great Furniture Delay: ‘We’ll be eating Christmas dinner on our camping tables’
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The Great Furniture Delay: ‘We’ll be eating Christmas dinner on our camping tables’

The £800 Townhouse dining table is an “elegant, sturdy classic” built for gathering round. Marsha Moore’s £20 melamine camping table, with a surface area of less than a square metre, is not, and certainly not where she imagined eating Christmas dinner. But Moore, a writer who recently moved into an unfurnished flat in London with her husband...

‘Race for space’ fuelling busiest UK housing market since 2007
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‘Race for space’ fuelling busiest UK housing market since 2007

This year’s property market is poised to become the busiest for 14 years, with one in 16 privately owned homes on course to change hands by the end of December, according to new data. The property website Zoopla also said the annual rate of UK house price growth was running at 6.9% – up from...

Asda appoints former M&S boss Stuart Rose as new chairman
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Asda appoints former M&S boss Stuart Rose as new chairman

Asda has appointed Stuart Rose, the Conservative peer and former boss of Marks & Spencer, as its first dedicated chairman in more than 20 years. Lord Rose, who helped fight off a 2004 bid from former BHS and Topshop owner Sir Philip Green in his time at M&S, is a retail veteran who has had stints at the...

Wholesale energy prices hit second highest level in at least three years
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Wholesale energy prices hit second highest level in at least three years

Wholesale energy prices hit the second highest level in at least three years on Monday, adding pressure on suppliers struggling to secure electricity and gas at competitive rates. Low wind speeds were to blame for pushing wholesale energy prices for the peak period between 5pm and 6pm over £2,000 per megawatt hour, only the second...

Crisps and soft drinks lead surge in UK food prices as inflation rises
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Crisps and soft drinks lead surge in UK food prices as inflation rises

Food price inflation reached a 14-month high in October with the prices of favourite snacks such as crisps and soft drinksrising the most, according to new figures. Annual grocery price inflation reached 2.1% last month which is the highest since August 2020, according to grocery market analysts Kantar. Fraser McKevitt, the Kantar head of retail...

Tesla recalls nearly 12,000 US vehicles over software glitch
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Tesla recalls nearly 12,000 US vehicles over software glitch

Tesla Inc is recalling nearly 12,000 US vehicles sold since 2017 because a communication error may cause a false forward-collision warning or unexpected activation of the emergency brakes, the National Highway Traffic Safety Administration (NHTSA) said on Tuesday. The California automaker said the recall of 11,704 Model S, X, 3 and Y vehicles was prompted after a...

Tesla Model 3 is first battery electric car to top Europe’s monthly sales chart
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Tesla Model 3 is first battery electric car to top Europe’s monthly sales chart

The Tesla Model 3 was the bestselling car across Europe in September, the first time a battery electric vehicle has topped the monthly sales charts in the region. Tesla sold 24,600 Model 3 cars during the month, taking a 2.6% market share that meant it outperformed established internal combustion engine models such as Renault’s Clio or Volkswagen’s...

Evergrande faces fresh debt deadline as property market woes widen
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Evergrande faces fresh debt deadline as property market woes widen

Financial markets were braced for more bad news about the shaky Chinese property market as struggling giant Evergrande looked set to miss a fresh round of debt repayments worth $148m, and another developer pleaded for more time to repay what it owes. China Evergrande Group missed two coupon payment deadlines last month worth $131m amid widespread concern of huge...