Hamptons Lowers Outlook on UK Rental Growth as Home Demand Cools
The broker lowered its prediction for 2025 rental growth to 1% from the earlier 4.5%, and trimmed expectations for the following two years. The downgrades have been driven by the transfer of demand from the rental sector to the sales market as mortgage rates have fallen, as well as a weakness in the labor market, Hamptons said.
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Yahoo
an hour ago
- Yahoo
Trump to land in Scotland on Friday for start of five-day private trip
Donald Trump will land in Scotland later on Friday as he begins his five-day private trip to the country. The US president is expected to arrive at Prestwick Airport in the evening, before heading over to his Turnberry golf course in South Ayrshire. He is then expected to head over to his Menie golf course in Aberdeenshire before opening up a new course dedicated to his Scottish mother, who grew up on the Isle of Lewis. He will leave the country at some point on Tuesday. His presence will result in a significant operation from Police Scotland and thousands of officers, who are expected to deal with mass protests around his golf courses and major Scottish cities. Mr Trump will be greeted by Scottish Secretary Ian Murray when he lands, with the minister pledging to give the American leader a 'warm welcome'. He will meet with Prime Minister Sir Keir Starmer during his stay when the pair will discuss the UK-US trade deal. The US president will also meet with First Minister John Swinney. The SNP leader previously said he would have the opportunity to raise various issues with Mr Trump, including tariffs, Gaza and Ukraine. Speaking ahead of his arrival, Mr Swinney said the global attention the visit will receive provides Scotland with an opportunity to respectfully demonstrate the principles of freedom and justice for all, while also promoting Scotland's tourism sector and economic investment potential. He said: 'Scotland shares a strong friendship with the United States that goes back centuries. 'That partnership remains steadfast through economic, cultural and ancestral links – including of course, with the President himself. 'As we welcome the President of the United States, Scotland will be showcased on the world stage. 'This provides Scotland with a platform to make its voice heard on the issues that matter, including war and peace, justice and democracy. 'It also includes the millions of Americans – many of them potential future tourists or investors in Scotland – who will watch their elected President as he visits our country. 'As First Minister it is my responsibility to advance our interests, raise global and humanitarian issues of significant importance, including the unimaginable suffering we are witnessing in Gaza, and ensure Scotland's voice is heard at the highest levels of government across the world. 'That is exactly what I will do when I meet with President Trump during his time in Scotland.' The SNP leader said Scotland is a 'proud democratic nation' that 'stands firm on the principles of equality and freedom for all, and a society that stands up for a fair and just world'. Ahead of protests expected around Scotland, he said people had a right to 'peaceful demonstration', adding that 'everyone has the democratic right to protect and express their views in a peaceful, and democratic manner'. 'That is right and proper,' he added. 'I am confident the vast majority of people protesting will do Scotland proud and demonstrate as they should – peacefully and lawfully. 'I am also confident that Scotland's police service can handle the challenge of keeping all our communities safe and, as they must, in maintaining the appropriate security any US President requires. 'This weekend is a landmark moment in our relationship with the United States, and I am certain it will be remembered for Scotland showing the world the very best of itself.'
Yahoo
3 hours ago
- Yahoo
Lammy and Healey to sign bilateral Aukus deal during trip to Australia
The UK will sign a new 50-year bilateral Aukus treaty with Australia as the Foreign and Defence Secretaries visit the country on Friday. David Lammy and John Healey will meet their counterparts at the annual Australia-UK ministerial meeting, or Aukmin, in Sydney, and then travel on to Melbourne to meet businesses involved in the Aukus submarine programme. They will also visit Darwin as the Carrier Strike Group docks in the Northern Territory. The Aukus partnership between the UK, US and Australia involves building nuclear-powered attack submarines – including Australia acquiring its first such fleet – and co-operating in other areas of defence. It was agreed by the three countries in 2021, but the Trump administration has put it under review, raising fears it could pull out. The deal now being signed by the UK and Australia sets out the bilateral aspects of the partnership and how the two countries will work together to deliver their Aukus submarine programmes over the next half century. Defence Secretary Mr Healey said: 'Aukus is one of Britain's most important defence partnerships, strengthening global security while driving growth at home. 'This historic treaty confirms our Aukus commitment for the next half century.' He said people 'not yet born' will benefit from jobs secured through the deal. More than 21,000 people in the UK are expected to be working on the programme at its peak. Foreign Secretary Mr Lammy said the UK-Australia relationship is 'like no other'. He added: 'In our increasingly volatile and dangerous world, our anchoring friendship has real impact in the protection of global peace and prosperity. 'Our new bilateral Aukus treaty is an embodiment of that – safeguarding a free and open Indo-Pacific whilst catalysing growth for both our countries.' The UK's Carrier Strike Group – an international formation of Royal Navy warships, submarines and aircraft – has been taking part in the Talisman Sabre military exercise hosted in Australia. The Australia and US-led military exercise involves more than 35,000 military personnel from 19 countries. Shadow defence secretary James Cartlidge said: 'Aukus was a landmark achievement of the last Conservative government and it's essential that Labour keeps up the momentum, including on industrial collaboration. 'We welcome further progress but this must deliver in practice, both in terms of jobs and strengthened mutual security, at a time of heightened threats.'
New York Post
4 hours ago
- New York Post
This is the most expensive cup of coffee in NYC — but many think the price is a sick cup of Joe-k
You must be joe-king. The Big Apple's most expensive cup of coffee is being brewed by a UK company in the heart of Manhattan — but opinions are far from blended on whether the caffeine is worth the pricetag. WatchHouse is hawking its 8-oz cup of La Negrita pourover at a jaw-dropping $28, a figure they justify based on the years-long process it takes to get the beanwater in front of their coffee-obsessed customers. 7 The La Negrita coffee at WatchHouse costs $28, making it the most expensive in the Big Apple. Matthew McDermott Time Out New York called the coffee drink — which comes on a platter alongside a green tea palate cleanser — a '$28 investment poured in a glass vessel.' La Negrita is the priciest cup on the shop's Rarities pourover menu, which includes five others ranging from $14 to $28, and even briefly peddled a $58 limited edition option. At the time, the UK-based shop was hawking as many as 400 cups per month across its two Manhattan locations. At that price, a WatchHouse barista making $18.92 per hour would need to spend 90 minutes crafting La Negritas before they could afford their own — but the intensive labor it takes to make each cup is exactly what makes it close so much. 7 The La Negrita comes on a serving tray with a small green tea palate cleanser. Matthew McDermott 7 It could take as long as five years to grow the rare beans and turn them into beanwater. Matthew McDermott 'This takes quite a bit of equipment and a lot of labor, and also a strong understanding of science and what's happening during fermentation to get the profile that you want,' explained coffee lead Sachi Patel. The La Negrita drink is produced from the 'rare and so difficult to produce' Gesha bean, which takes up to five years before it can be plucked and shipped to a UK roastery. 'After the coffee is roasted, our senior coffee team in the UK will do quite a bit of recipe testing to find out the best water temperature and brewing method to brew the coffee at and then that will be communicated with all of head baristas at each location, who will make sure that the coffee is tasting the way we want it to,' said Patel, adding that the perfected beans are then finally fermented for 36 hours before being bottled for preservation. 7 Harrison Huang said the coffee and experience was well worth the $28 price. Katherine Donlevy/NY Post 7 WatchHouse offers six coffees from is Rarities menu, ranging in price from $14 to $28. Matthew McDermott The lengthy history is communicated to the customer during service, much like at a wine tasting — which could be an integral part of the price. The Post conducted a blind taste test with New Yorkers on the street in which they were asked to guess the price. Most loved the taste, but were appalled to learn the $28 price tag. 'That's pretty heinous,' Graham O'Donnell said, even though he admitted the coffee was delicious. 7 'At $28 I'm going to see my Bodega man, put some weight at the bottom. We'd just be chilling and then I'd buy another cup,' said Jared Hunter. Matthew McDermott Similarly, Jared Hunter gawked at the cost, saying, 'At $28, I'm going to see my Bodega man, put some weight at the bottom. We'd just be chilling and then I'd buy another cup.' Mohammad Ishmail estimates he hawks about 500 cups of $2 coffee at his breakfast cart just around the corner from WatchHouse's 5th Avenue location, describing his clientele as mostly construction and blue-collar workers. 'Coffee is coffee. That's what matters. At 5 o'clock in the morning, I have one and that's good for me,' said Ishmail, who has been running his truck since 2010. 7 The Post conducted a blind taste test with New Yorkers on the street in which they were asked to guess the cost of an 8 oz cup. Matthew McDermott WatchHouse's Rarities line certainly has a loyal cult following; however, with coffee lovers like Sarah Allmon, who emphasized the experience wasn't for the average Dunkin' enthusiast. 'This is their bread and butter. They're willing to go the extra mile to get a really good pour-over. I think if you're someone that's really chasing that specialty coffee or seeing what is the unique option out there, I think that the rarities would definitely pull your interest,' Allmon, 31, of the Upper East Side said, rating WatchHouse as one of the top 5 of the nearly 100 coffee shops she's ever visited in the Big Apple. Harrison Huang — who described himself as a 'really big coffee person' — agreed, telling The Post he stopped by WatchHouse as part of a self-conducted tour of several other high-end coffee shops during his trip to the Big Apple. 'For me, the most interesting part is to try different coffee beans and how the coffee shop is using their technique to kind of display — that's a fun way to look at it, too,' explained Harrison Huang, 31, of Los Angeles, who was sipping on a $14 Pepe Jijon, his second cup of the his trip to WatchHouse after trying a $23 Abu Lot. 'I'm not always looking at the coffee bean, but also the machine they're using and how they are approaching this plane … the whole environment is what I'm looking for.'
