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Wednesday newspaper round-up: House sales, dividend income, Body Shop
(Sharecast News) - The number of UK homes sold this year is expected to fall to the lowest level in more than a decade, as the soaring cost of mortgages puts off homebuyers. House sales reaching completion are expected to fall 21% year-on-year to about 1m in 2023, the lowest level since 2012, according to a report from the property website Zoopla. - Guardian Ministers have been accused of hypocrisy in claiming Sadiq Khan expanded London's ultra-low emission zone (Ulez) to raise revenue after it emerged the Department for Transport urged the mayor to extend the city's congestion charge for the same reason. On the first day of Ulez covering every London borough there was renewed bickering between the Labour mayor and the government, with Khan castigating Mark Harper, the transport secretary, for what he called factual mistakes after the pair crossed paths at a TV studio. - Guardian
A single rogue flight plan caused the IT meltdown which led to thousands of flight cancellations, it emerged on Tuesday night, as Downing Street refused to rule out that a French airline was to blame. The National Air Traffic Service (Nats) revealed that a "technical issue" that led to more than 1,000 flight cancellations was caused by "some of the flight data we received". - Telegraph
Shareholders globally are heading for a second year of real-terms cuts to dividend income as inflation this year is set to eat into a healthy rise in nominal payouts. A bumper increase in bank dividends this year produced a pick-up in global dividend income in the second quarter to a record of almost $570 billion, according to the latest Janus Henderson study of company payouts. - The Times
The owner of The Body Shop is exploring a potential sale of the skincare and cosmetics retailer after struggling to turn around its fortunes. Yesterday Natura & Co, the Brazilian beauty conglomerate that owns the Avon and Natura brands and is in the process of selling its Aesop brand to L'Oréal, said that its board had authorised management to explore "strategic alternatives" for The Body Shop. - The Times
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