London Must Drop Listing ‘Snobbishness' to Fix Decline, CBI Says
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
21 minutes ago
- Yahoo
Bid to make HMO lawful that 'plays crucial role providing affordable housing' in city
An application has been submitted to Newport City Council for a lawful development certificate for a house in multiple occupation (HMO). The planning application was submitted by Mr Fernando Enrique Mendoza Contreras on June 6 this year for a lawful development certificate for a long-standing HMO at 4 Fields Road in Newport. The application seeks legal recognition of the property's use as a C4-class HMO. Mr Mendoza Contreras said the property has operated as a HMO since at least October 12, 2013. This is before the introduction of Class C4 under Welsh planning regulations in 2015 and well before Mr Mendoza Contreras acquired the property in 2018. The applicant said the property is run responsibly, with shared facilities and private rooms for tenants. Weekly safety inspections are carried out by an estate agent, and the property complies fully with housing and safety regulations. Mr Mendoza Contreras said: "The HMO plays a crucial role in providing affordable housing for students, young professionals, and individuals referred by local authorities." "No complaints have been received from neighbours since 2018. "We manage tenancy agreements properly, maintain strong community relations, and support tenants in achieving their personal goals." Read more Electric charging zone to be installed at supermarket among green-lit applications Plan to convert shop into hot food takeaway rejected by council Church hall applies for licence to serve alcohol and play music The application was prompted by a mortgage lender's request for planning documentation. Upon consultation with local authority representatives, Mr Mendoza Contreras was advised to apply for a lawful development certificate to clarify the legal use of the property. In support of the application, the applicant has submitted a copy of his Rent Smart Wales landlord licence which was granted on June 19, 2018, and was valid until June 18, 2023, with the property now under the care of an estate agent. The licence confirms his compliance with the Housing (Wales) Act 2014 and adherence to the national Code of Practice. No objections have been reported as part of the application to date. A decision from Newport City Council is pending.
Yahoo
29 minutes ago
- Yahoo
Derby gets tough on HMOs after refusal on 'free-for-all' estate
Plans to move more residents into a 'filthy' Derby estate have been quashed after it was claimed the number of HMOs in the area had 'gone too far'. More than 50 people signed a petition against plans for another house of multiple occupation (HMO) to be allowed in the New Zealand ward. The plans submitted called for a rear extension so a property could house six individual occupants on Howe Street. The street is part of an estate where there are serious concerns regarding its appearance, fly-tipping, bins left on streets and parking. The rejection is one of the first signs seen publicly that Derby City Council is getting tougher on HMOs after long campaigning, which triggered new rules to come into force. READ MORE: Crews called out to fire in Allenton suburb READ MORE: Man taken to hospital after alleged stabbing in neck in Derby street as arrest made Join us on WhatsApp to get the latest news straight to your phone The plans were recommended for refusal by council officers prior to a planning meeting held on Thursday (July 10) despite the authority needing more housing. Officers said a 'lack of communal space for residents would result in a significantly harmful impact on the quality of living environment for occupiers'. Earlier this year a new Article 4 Direction came into force following major concerns that a high concentration of HMOs were causing problems such as fly-tipping and parking. The Article 4 direction, which was approved by the Government, aims to give Derby City Council more control and powers in regulating HMOs. Before the new rules came in, any HMO of up to six occupants was allowed as permitted development. But now those of any size within certain areas must require planning permission. Howe Street resident Sally Bareham told the planning committee the area was 'filthy and neglected' and another HMO was not needed. She said: 'We have 86 private landlords in the area, mainly short-term lets vacating regularly, leaving messes. Unless you live here you can't imagine how depressed we are watching more family homes being sold cheaply to landlords because the area is so filthy and neglected.' Read more - Famous Peak District shop reopens after huge refurbishment Councillor for Mackworth and New Zealand ward Gaurav Pandey said: 'There are nine HMOs on Howe Street already. Come in the evening and you will see how bad the parking situation is.' And fellow ward councillor Ndukwe Onuoha said: 'The community has become a free-for-all for HMOs. It's gone too far and residents are feeling it.' The committee refused the plans without much discussion. Chair of the planning committee Councillor Jerry Pearce said the decision was 'straightforward' before the vote took place. The applicant or a representative for the planning application did not speak at the meeting. We send out the biggest stories in an email every day. Sign up for the main Derbyshire Live newsletter here.
Yahoo
an hour ago
- Yahoo
Western Union (WU) Registers a Bigger Fall Than the Market: Important Facts to Note
In the latest close session, Western Union (WU) was down 2.79% at $8.35. The stock trailed the S&P 500, which registered a daily loss of 0.33%. On the other hand, the Dow registered a loss of 0.63%, and the technology-centric Nasdaq decreased by 0.22%. Coming into today, shares of the money transfer company had lost 5.91% in the past month. In that same time, the Business Services sector lost 2.01%, while the S&P 500 gained 4.07%. Analysts and investors alike will be keeping a close eye on the performance of Western Union in its upcoming earnings disclosure. The company is expected to report EPS of $0.44, unchanged from the prior-year quarter. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $1.03 billion, down 3.59% from the year-ago period. Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of $1.77 per share and revenue of $4.12 billion. These totals would mark changes of +1.72% and -2.18%, respectively, from last year. Investors should also pay attention to any latest changes in analyst estimates for Western Union. Such recent modifications usually signify the changing landscape of near-term business trends. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the business health and profitability. Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system. Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed a 0.27% decrease. Right now, Western Union possesses a Zacks Rank of #3 (Hold). Looking at valuation, Western Union is presently trading at a Forward P/E ratio of 4.86. This denotes a discount relative to the industry average Forward P/E of 16.76. Also, we should mention that WU has a PEG ratio of 2.43. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. The average PEG ratio for the Financial Transaction Services industry stood at 1.33 at the close of the market yesterday. The Financial Transaction Services industry is part of the Business Services sector. At present, this industry carries a Zacks Industry Rank of 65, placing it within the top 27% of over 250 industries. The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1. To follow WU in the coming trading sessions, be sure to utilize Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report The Western Union Company (WU) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
