News Headlines: Monday 3rd February 2014

Property

Average house prices in London are set to hit £600,000 within for years, with “Bubble-like conditions emerging in the capital.” The EY Item Club report states that the rest of the country will return to normal but prices in the capital will increase by 36% from current levels.

Recruitment

Lloyds Banking Group has set a target of 40% of the top 5,000 roles in the bank to be held by women. The move has been welcomed by campaigners and would be the first such move from a FTSE 100 company. Helena Morrissey, head of the 30% club called for other companies to follow suit.

Economics

High street retailers have enjoyed their best January in three years, with fashion sales up by more than 10% and homeware up by 5.2% according to BDO. Growth in fashion sales was attributed to a surge in demand for coats due to the record wet weather.

Personal Finance

Milton Abbey in Dorset has become the first independent school in Britain to slash its fees in a move to increase pupil numbers. A cut of £2,000 in day fees is aimed at putting fees more within range of working parents.

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