Business & Finance

European sharing economy to grow by a third in the next 12 months

· Rapid growth tipped for the sharing economy in Europe, driven by disruptive brands like Airbnb

· To date, cars have been the most borrowed item, but sharing of holiday accommodation is predicted to overtake this

How the UK and Ireland generate more wealth than 43 countries put together

One million people in Birmingham create as much wealth as 21 million Angolans. Sheffield has an economy the size of Ghana’s. And Glasgow has met its match in Bulgaria.

Parents Massively Underestimating Student Debt

Latest annual student debt research by the Association of Investment Companies (AIC) using Opinium Research suggests that parents are still very much in need of a reality check when it comes to the true costs of a university education.

Markets to remain volatile, investors poised for Grexit endgame opportunities

Markets are likely to remain volatile for some time after the historic Greek referendum on Sunday, warns the CEO of one of the world’s largest independent financial advisory organisations.

Is your business ready for Ofcom’s new ‘UK Calling’?

One of the biggest changes in a decade to the cost of the telecoms calls for individuals and businesses is coming – but very few are ready for it.

Nearly a third of remortgage borrowers release cash to spend or pay down other debt

• 24% of remortgage borrowers increased their loan size by more than £10,000 – over 8% more than their original mortgage

• Percentage of borrowers seeking to significantly increase size of their remortgage loans (by over £10,000) has risen by 4% since April

UK automotive announces record £69.5 billion turnover as sector accelerates to historic high

• Turnover jumps 6.6% as average worker generates £440,000 for UK automotive.

• Vehicle production highest since 2008, with industry on track to produce record 1.95 million vehicles in next two years.

June sees Consumer Confidence increase six points

GfK’s UK Consumer Confidence Index has increased six points to 7 in June.  All of the five measures used to calculate the Index saw increases this month.

China Construction Bank and Euroclear sign MoU to foster offshore RMB growth

Euroclear Bank, the Brussels-based international central securities depository (ICSD), and China Construction Bank (CCB) have today signed a Memorandum of Understanding (MoU) to further develop the offshore Renminbi (RMB) capital market.

Carolyn Fairbairn to become next CBI Director General

The CBI today (Monday) announced that Carolyn Fairbairn is to become its new Director-General, taking the helm at the UK’s biggest business group later this year.

South Ken topples Mayfair as London’s smallest flats get £100 a day in rent

Investors in Prime Central London (PCL) have reason to be positive this year as weekly rents have begun to creep upwards once again. This comes after a prolonged period of stagnation

LaSalle buys 60 London Wall from Deutsche Fonds Holding

Office and retail asset in prime City core presents significant long-term opportunity

LaSalle Investment Management (“LaSalle”), the global real estate investment manager, has purchased the freehold interest of 60 London Wall