The proportion of homes in England and Wales that have been bought, renovated and sold again within a short period has hit a 12-year high, with Burnley in Lancashire topping the list of properties most commonly “flipped”.
So far this year, one in every 40 homes sold were bought and sold within 12 months, according to research from estate agent Hamptons International using Land Registry data, the most since 2008. In Burnley, it was about one in 12:
The number of unemployed people aged over 50 in the UK has increased by a third in the past year, according to analysis of official figures.
There are 91,000 more unemployed older people than there were 12 months ago, the biggest percentage increase of all age groups and significantly more than the national average increase of 24%.
While the unemployment rate is significantly higher for those aged under 24, analysis shows that it is among older workers that there has been the greatest percentage increase:
The economic turmoil caused by the Covid-19 pandemic pushed third-quarter shareholder payouts to their lowest level since 2016, according to the latest snapshot, with the UK recording the biggest falls.
Janus Henderson is now warning that dividends for the whole of 2020 are likely to drop at least 15.7%, which would “eradicate” more than three years of dividend growth and cost investors $224bn (£170bn) in lost income this year.
The asset manager’s latest Global Dividend Index shows shareholder payouts slumped 14.3% or $55bn in the third quarter to $329.8bn. It comes after nearly a third of the 1,200 global firms tracked by the report either cut or cancelled their shareholder payouts for the quarter.
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