House prices in UK rose by 0.2% in June 2024

02 Jul 2024 CW Team

Although there was a little increase in British home prices in June compared to May, mortgage company Nationwide stated that the housing market is still being negatively impacted by rising borrowing rates. It reported that prices increased by 0.2% on a monthly basis and were 1.5% higher than in June of the previous year. The coronavirus outbreak caused a boom in the British property market, but after the Bank of England raised interest rates to their highest point since 2008 last year, the market has slowed. Nationwide's price index shows that prices have dropped by around 3% from their peak, which was reached two years ago. Robert Gardner, chief economist at Nationwide, stated that earnings growth had been much stronger than house price growth in recent years, but he noted that this had not been sufficient to counterbalance the impact of higher mortgage rates. Britain's opposition Labour Party, which was far ahead in opinion polls in the run-up to Thursday's election, had promised to relax planning rules in the hope of spurring construction, which could potentially make housing more affordable. According to Nationwide, prices in London had risen by 1.6% in the April-to-June period compared with the second quarter of 2023. A Reuters poll of housing market analysts published on May 29 indicated that property prices in Britain were expected to rise by 1.8% in 2024 as higher wages were expected to make homes more affordable.

Infrastructure Urban

06 Nov 2025

Concord Control Systems Limited Reports ~85% YoY Growth in H1 FY26

Concord Control Systems Limited (BSE: CNCRD | 543619), India’s leading manufacturer of embedded electronic systems and critical electronic solutions, announced its unaudited financial results for the half year ended September 30, 2025.Financial Highlights – H1 FY26 (YoY Comparison)Revenue from Operations rose to ₹815.45 million, up from ₹497.53 million in H1 FY25, marking a 63.90% year-on-year growth.EBITDA increased to ₹217.34 million, compared to ₹142 million in the same period last year.EBITDA Margin stood at 26.65%, compared to 28.54% in H1 FY25, with the decline attributed to ..

Gateway Distriparks Announces Q2 FY25 Results

Gateway Distriparks Limited (GDL), one of India’s leading multimodal logistics providers, announced its financial results for the quarter ended 30 September 2025.For Q2, the company reported total revenue of INR 154.8 crore (H1: INR 316.9 crore), EBITDA of INR 20.56 crore (H1: INR 45.65 crore), PBT of INR –4.23 crore (H1: INR –0.28 crore), and PAT of INR –2.91 crore (H1: INR –0.37 crore). The company stated that these numbers reflect the consolidation of accounts following Snowman Logistics transitioning from an associate company to a subsidiary in December 2024.Commenting on the per..

Last-Mile Connectivity a Prime Focus, Says Ms. Ashwini Bhide,

The IMC Chamber of Commerce and Industry (IMC) hosted a high-impact Managing Committee session today on the theme “Mumbai Metro: Transforming Connectivity and Commuting.” The session featured an insightful address by Ms. Ashwini Bhide, Managing Director, Mumbai Metro Rail Corporation Ltd. (MMRCL), who shared updates on key transport infrastructure developments across Mumbai and the MMR region.Emphasising the city’s critical economic role, Ms. Bhide noted, “Mumbai is the economic powerhouse of Maharashtra, with more than 95% of the region’s population living in urban areas. As Maharas..