Heathrow reports busiest month since March 2020 as travel recovery begins – business live

Bonus harian di Keluaran SGP 2020 – 2021.

View over the historical old town center of Winchester.

Housing news: Winchester has claimed the title of the UK’s least affordable place to buy a house, from Oxford (which has held the dubious award for several years).

New data from mortgage lender Halifax show that the average Winchester property costs 14 times the city’s average earnings.

My colleague Julia Kollewe has the details:

A home in Winchester will set buyers back an average £630,432 – the highest in the country and up 8% on 2020, while average earnings are £45,059.

Price growth in Winchester was far outstripping the rest of the UK in relation to wages, Halifax said. Its analysis of 61 cities in the year to June shows that the average home costs 8.1 times average earnings, up from 7.5 times last year. The ratio has increased for eight years.

Russell Galley, the managing director of Halifax, said: “We can see from our research that affordability is significantly better in the north and there are now just two cities – Plymouth and Portsmouth – with better than average affordability in the south.”

Oxford, Truro, Bath, Chichester and Cambridge made up the top six least affordable places, all with double-digit price/earnings ratios.

The least affordable places to buy a house in the UK

Londonderry in Northern Ireland remains the country’s most affordable city for the third year in a row.

Here’s the full story.

Guardian news (@guardiannews)

Winchester is least affordable UK city to buy a home https://t.co/IWHhjNR67g

August 11, 2021

The competition watchdog has sided with Great Britain’s energy regulator after an industry rebellion over a clampdown on the returns energy network companies can make at the expense of customer bills.

The Competition and Markets Authority (CMA) received multiple appeals from energy companies, including National Grid and Scottish Power, earlier this year after Ofgem set out plans to limit their returns on investing in the UK’s gas pipes and electrical cables.

Jonathan Brearley, Ofgem’s chief executive, said the regulator was “fully focused on keeping bills as low as possible for customers” while supporting the investment needed to create a green energy system, and the CMA’s ruling was “an important step forward towards this goal”.

Here’s the full story:

A Deliveroo rider works in central London

Deliveroo doubled the number of orders from customers to 149m in the first six months of the year as the appetite for takeaways continued to grow despite the reopening of bars and restaurants.

The food delivery platform revealed a 110% increase in orders across the UK and Ireland compared with the first half of 2020, and announced it now offers takeaways from more UK restaurants and food merchants than any other service.

The company has been on a restaurant recruitment drive, signing up 10,000 new sites in recent months, increasing the base by almost 30%.

Deliveroo said it was also continuing to grow its network of on-demand grocery delivery options because of a “strong conviction” that the Covid-19 pandemic has accelerated the shift in consumer behaviour towards buying food online.

Demand for food delivery services from Deliveroo and rivals including Uber Eats and Just Eat Takeaway boomed during the coronavirus pandemic, when lockdown restrictions closed cafes and restaurants for large periods of time.

Deliveroo’s consumer base reached an average of 7.8 million monthly active consumers in the second quarter of 2021, a more than twofold increase from 3.7 million in the first quarter of 2020.

Will Shu, the founder and chief executive of Deliveroo, said consumer behaviour “may moderate later in the year” but the company remained “excited about the opportunity ahead”.

Shares in Deliveroo have dropped 4.5% to 347p this morning. Yesterday they hit 379p, after German rival Delivery Hero took at 5% stake. That was their highest level since Deliveroo’s stock market flotation this spring (at 390p).

Shu has told Reuters that he has not held any talks with Niklas Oestberg, his counterpart at Delivery Hero, since the move, adding:

“I think his view was: the stock’s undervalued, I’m gonna start buying, and I know the space super well.

This is in my view just a financial investment.”