McVitie's owner invests £68 million into British factories
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Metro
32 minutes ago
- Metro
Someone's about to buy a car parking space in Kensington priced at £180,000
Parking in Kensington now costs more than a three-bed house in Manchester – and buyers are lining up to pay. A car parking space in the west London neighbourhood is close to being sold for nearly £180,000 after receiving multiple offers. Estate agents who are advertising the spot at York House Place, near Kensington High Street, said they received two offers just below the asking price last week and that they are confident of making a sale. An agent told Metro the seller was a man who had a flat in the building but does not need the space anymore. The buyer, meanwhile, 'will probably be someone who owns a house in the area but doesn't have parking, and they've got a luxurious car that they want to keep secure and safe,' they said. You can access completely fee-free mortgage advice with London & Country (L&C) Mortgages, a partner of Metro. Customers benefit from: – Award winning service from the UK's leading mortgage broker – Expert advisors on hand 7 days a week – Access to 1000s of mortgage deals from across the market Unlike many mortgage brokers, L&C won't charge you a fee for their advice. Find out how much you could borrow online Mortgage service provided by London & Country Mortgages (L&C), which is authorised and regulated by the Financial Conduct Authority (registered number: 143002). The FCA does not regulate most Buy to Let mortgages. Your home or property may be repossessed if you do not keep up repayments on your mortgage. The space, listed online for £180,000, is so expensive because it is 'a lot more secure than most and it is in a very good area'. 'I think with the current market conditions, it will probably go for just under the asking price,' the estate agent added. For the same price, you could get a three-bedroom house in Rusholme, Manchester, according to Rightmove listings. Knightsbridge, SW7 – £250,000 – a secure parking spot described as a 'secure underground' space with 24 hour security. It also comes with a £3,500 per year service charge. York House Place, W8 – £180,000 – the larger-than-average space near Kensington Palace can fit a Porsche and a motorbike. Chelsea, SW3 – £165,000 – a range of 'covered parking spaces in a discreet Chelsea car park' went on sale recently. Or you can rent one for £8,500 a year. York House Place, W8 – £125,000 – another spot on the Kensington premises. It's a few feet smaller than its neighbour, knocking £45,000 off the price tag. Park Lane, W1 – £100,000 – a designated space on level four of a car park near Hyde Park. It comes with a 'parking attendant'. Located in a secure facility which can be accessed via a lift, the parking space can fit a Porsche 911 and a motorbike. The block of mansion flats is less than 500 metres from Kensington Palace and is protected by round-the-clock security guards. Residents could be seen entering and exiting the premises in luxury cars on Monday, including one in a Ferrari Purosangue SUV, which is worth upwards of £360,000. The space, which is being advertised on a leasehold basis for the next 105 years, also comes with a £1,410 annual service charge and a yearly ground rent of £100. John D Wood and Co is selling another, smaller space in York House Place for £120,000, while several others are advertised at £85,000. Kalai Prai, 52, a west London homeowner who works in a deli next to the mansion block, told Metro that property prices are 'going crazy' in the area. Let us know your thoughts and email our reporter Is £180,0000 too much for a parking space? He said he is not surprised by the price tag, adding: 'It's just the way things are going, things have changed completely over the last 20 years.' More Trending The father of two added that his kids will never be able to buy a house in Kensington and Chelsea nowadays. However, he added that the sky-high price tag does not make him angry, instead opting to congratulate the eventual seller of the space. 'Whoever manages to sell that, they're a winner,' he said. Get in touch with our news team by emailing us at webnews@ Get in touch with our news team by emailing us at webnews@ For more stories like this, check our news page. MORE: Cyclist told daughter 'I want to live' days before dying from crash injuries MORE: Inside the fight against graffiti on trains across the UK's railways MORE: Amazon driver killed after London-bound train strikes van 'trapped in level crossing'
BBC News
an hour ago
- BBC News
Visit Guernsey highly commended at marketing awards in London
Guernsey official tourism body has won second place at the international Travel Marketing Awards for its Liberation 80 Guernsey said it was proud to put the island "on the global map" after it was shortlisted for the Best Use of Content marketing company said its Liberation 80: Keeping Our War Stories Alive focused on Guernsey's wartime history, which involved historians, local experts and "well-known" content campaign reached more than 3.3 million people via social media and generated more than £5m in media value, bosses said. It added it was the only team out of 163 entries to receive a "highly commended" recognition from the judges at the event in London. Lead marketing officer Zoe Gosling said team members were proud of their said: "To make the shortlist and be in the room with the best in the business was a triumph. "We were the only team on the night to be awarded a highly commended - a clear nod from industry leaders that this work made an impact."
The Guardian
an hour ago
- The Guardian
English water firm doubles CEO's pay despite ‘elevated concern' over finances
A water company serving 3.9 million customers in London and south-east England has doubled the pay of its chief executive, despite the regulator saying it had 'elevated concern' over its financial situation. Affinity Water said its chief executive, Keith Haslett, received £1.6m for the 2024-25 financial year, up from £709,000 the year before. Bosses' pay at privately owned water companies has been under intense scrutiny in recent years as the public and politicians expressed increasing anger over leaking infrastructure and sewage spills into rivers. Campaigners have criticised high pay for executives for a service which is essential for life, and over which they hold monopolies in each area. It also emerged this week that Severn Trent, which supplies an area covering Bristol to the Humber, and mid-Wales to the East Midlands, awarded its chief executive, Liv Garfield, £3.3m for the 2025 financial year. Affinity Water provides water services only to customers mainly to the north and west of London, including parts of Hertfordshire and Surrey, as well as parts of Essex and Kent. Affinity is owned by the German insurer Allianz, the FTSE 250-listed infrastructure fund HICL, and DIF, part of the US private equity fund CVC. In November Ofwat, the water regulator for England and Wales, said it had 'elevated concern' over its finances because of debt levels equivalent to 75% of the value of its assets – above the 60% Ofwat targets – and the failure of its owners to invest in line with a previous business plan. However, the shareholders in February agreed to invest £150m, easing the financial pressures. The pay increase for Haslett, which emerged in its annual report published last week, was mainly due to a new 'retention payment' of £503,000. He was also awarded an extra £251,000 under a new long-term incentive plan, while his annual bonus increased 29% to £350,000. That was on top of a base salary and other benefits worth £449,000. The company's remuneration committee noted the 'unprecedented level of adverse public and political sentiment' around high pay for executives. The bosses of six water companies – Thames Water, Anglian Water, Southern Water, United Utilities, Wessex Water and Yorkshire Water – were banned from receiving bonuses last month because of sewage spills. However, Affinity does not provide sewage services, meaning it is less likely to be caught by the ban. Sign up to Business Today Get set for the working day – we'll point you to all the business news and analysis you need every morning after newsletter promotion The report also showed that the chief financial officer, Adam Stephens, received £298,000 for three months' work, having joined the business in January. A Severn Trent spokesperson told the Telegraph, which first reported on Garfield's pay: 'We're the only company to receive the highest four-star status for environmental performance for the fifth consecutive year, and our £15bn business plan to invest was rated outstanding by the regulator. 'Executive pay is based on performance and Severn Trent are consistently recognised as leaders.' Affinity Water was approached for comment.
