Julia Hoggett awarded damehood for services to business, while HSBC chair Mark Tucker receives knighthood
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The head of the London Stock Exchange (LSE) and the chair of HSBC are among the business leaders to be recognised this year in King Charles’s birthday honours list.
Julia Hoggett, a former banker who has been the chief executive of the London Stock Exchange since 2021, has been awarded a damehood for her services to business and finance.
Continue reading...Large estate agent chain’s profits also hit as interest rate rises and cost of living crisis put off potential buyers
Shares in one of the UK’s biggest estate agent chains and some of the largest British housebuilders fell on Friday, amid the latest warnings about the outlook for the housing market, as potential homebuyers are squeezed by rising interest rates and the cost of living crisis.
The share price of LSL Property Services, one of the UK’s largest estate agent chains, tumbled by as much as 11% after it warned on profits for the second half of the year and said conditions in the housing market had become more challenging than anticipated.
Continue reading...‘Blatant efforts’ by companies criticised by campaign group Transport & Environment
Britain’s biggest housebuilders privately lobbied for the government to ditch rules requiring electric car chargers to be installed in every new home in England, documents have revealed.
The FTSE 100 construction firms Barratt Developments, Berkeley Group and Taylor Wimpey were among the companies who argued against the policy in responses to an official consultation seen by the Guardian. The “blatant lobbying efforts” were criticised by Transport & Environment, a campaign group.
Continue reading...Funds for remediation including removal of flammable cladding still short of £4bn government estimate
Major UK housebuilders have so far promised to spend about £1.3bn to remove cladding and other fire hazards from mid-rise housing blocks, but are still short of the estimated £4bn needed to avoid another Grenfell Tower-style disaster.
On Wednesday Barratt Developments and Redrow were the latest to reveal how much they would put aside to address life-threatening fire safety issues in the housing developments constructed by the firms over the past 30 years. Barratt said the decision would cost it up to £400m, while the figure for Redrow is £200m.
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