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Matthew Davies

Matthew Davies


Articles

Shipping firm Maersk said it was suspending operations in the Red Sea after Yemen's Houthi rebels attacked a merchant ships. Photo: Maersk
Red Sea shipping crisis will toss UK shoppers into new costs crunch

Soaring insurance and container prices, the cost of diverting ships and a squeeze on fragile supply chains mean UK shoppers will end up paying more for some imported products

UKJanuary 03, 2024
While economists differ over forecasts for a possible recession in the UK in 2024, businesses say, regardless of the predictions, it will feel like a recession. Getty Images
Does UK economy face a fruitless 2024 or is it ripe for investment?

Britain's forecasted weak growth and a possible recession next year may deter foreign investors

UKDecember 28, 2023
Beauchamp Estates data shows that prime London residential properties are predicted to achieve a cumulative growth of 10.8 per cent by 2027, compared with a national forecasted average of 3.8 per cent. Alamy
International buyers urged to snap up bargains in London's prime property

With a UK election looming, a small increase in available properties and the prospect of higher prices beyond next year, estate agents are advising 'buy now while stocks last'

UKDecember 27, 2023
The Wall Street bull in the Manhattan borough of New York City. Analysts foresee the global economy to slow further in 2024. Reuters
Global economy to slow further in 2024, analysts say

Geopolitical tensions and the state of the US and Chinese economies are among factors that will determine if there will be a soft landing next year

EconomyDecember 26, 2023
Mayfair townhouse 139 Piccadilly was once the London home of English Romantic poet Lord Byron. Photo: Casa e Progetti / Tony Murray
Mega mansions: £29.5m London palace with a poetic past

Lord Byron's former Mayfair home, which could be worth in excess of £70 million after refurbishment, comes on to the market

PropertyDecember 21, 2023
Selfridge's in central London. Department stores in London's West End are expected to have a reasonable festive period in 2023. Getty Images
London's luxury titans ride a wave of international big spenders

But capital's high-end department stores and luxury brand retailers demand reintroduction of tax-free shopping for tourists

WeekendDecember 15, 2023
The departures hall at Heathrow Terminal 5 in London. The airport predicts a record year for passenger numbers in 2024. Bloomberg
Heathrow passenger numbers forecast at 81.4 million for 2024

West London airport expects 3% year-on-year increase in number of people passing through

Travel and TourismDecember 15, 2023
A lithium mine belonging to Chilean company SQM in the Atacama Desert. AFP
Lack of action on critical mineral supply leaves UK vulnerable

A parliamentary report says 'successive governments have failed to recognise the importance of critical minerals to the UK economy'

UKDecember 15, 2023
Dr Mohamed El-Erian has won the economics category of the Great Arab Minds awards. Pawan Singh / The National
Egyptian-American economist named Great Arab Minds winner

Dr El-Erian is one of the world's most widely followed economists

UAEDecember 12, 2023
House prices across the UK rose 0.5 per cent from October, according to the Halifax. EPA
UK house price recovery stumbles in November

Property prices rise 0.5 per cent from October but are still 1 per cent lower than a year ago

BusinessDecember 07, 2023
Workers at the Harrods chocolate factory, which now houses luxury apartments. Photo: Beauchamp Estates
Harrods chocolate factory duplex apartment sells for £18 million

European multimillionaire wants to live next door to luxury store in London

UKDecember 06, 2023
Baroness Glenys Kinnock, a former minister, MEP and wife of ex-Labour leader Lord Kinnock, died peacefully in her sleep on Sunday. PA
Former Labour minister and MEP Glenys Kinnock dies

Her husband and former Labour leader Neil Kinnock was at her side in her final moments, her family said

UKDecember 03, 2023
A person walks through snow in North York Moors National Park. Emergency Services in Cumbria said they were responding to an ongoing to a weather-related major incident on Sunday. Danny Lawson/PA Wire
People rescued from cars in the north-west as snow hits Britain

Cumbria Fire and Rescue Service urged residents not to travel 'unless necessary as many roads are still affected with snow and ice'

UKDecember 03, 2023
UK house prices rose by 0.2 per cent in November, compared with October, according to Nationwide Building Society. PA Wire
Is the worst over for UK housing market?

New figures show strongest monthly performance in nine months, although annual growth 'remains weak'

BusinessDecember 01, 2023
Spanish multinational Ferrovial is selling its 25 per cent stake in Heathrow to Saudi Arabia and Ardian. EPA
Heathrow shareholder sells stake to Saudi and French investors

Saudi Arabia's Public Investment Fund and Ardian of France to pay £2.37 billion for Spanish multinational Ferrovial's 25 per cent stake in the London airport

BusinessNovember 29, 2023
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