UK's Serica Energy in talks for possible combination with EnQuest
March 7 (Reuters) - UK's Serica Energy (SQZ.L), opens new tab said on Friday that it was in talks regarding a possible combination with EnQuest (ENQ.L), opens new tab as the London-listed duo targets increased scale and diversification.
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Scotsman
35 minutes ago
- Scotsman
First Job, first flat: Data reveals Dundee is an affordable UK city for New graduates
Many fresh grads are finding their first paycheques swallowed whole by sky-high rent. Moving Expert reveals which cities have the most affordable rent. Sign up to our daily newsletter – Regular news stories and round-ups from around Scotland direct to your inbox Sign up Thank you for signing up! Did you know with a Digital Subscription to The Scotsman, you can get unlimited access to the website including our premium content, as well as benefiting from fewer ads, loyalty rewards and much more. Learn More Sorry, there seem to be some issues. Please try again later. Submitting... For many university graduates in the UK, the cap-and-gown ceremony marks more than the end of academia. It's supposed to be the beginning of financial independence, career growth, and perhaps even a first apartment. However, for thousands entering the workforce, the dream of living and working in the city of their choice is being crushed by an uncomfortable truth: rent costs in many UK cities now consume more than half of a graduate's salary. According to new analysis from Wolf River Electric, average graduate salaries across several key UK cities fall far short of what's needed to rent a one-bedroom flat. Fortunately, there are cities bucking the trend: Top 10 UK Cities Where Rent Is Below 30% of Graduate Income Advertisement Hide Ad Advertisement Hide Ad Dundee City % of Income Spent on Rent Sunderland 14.16% Dundee 20.00% Bradford 22.68% Doncaster 22.87% Carlisle 25.92% Stoke-on-Trent 26.32% Gloucester 27.65% Derby 27.93% Kingston upon Hull 28.01% Aberdeen 28.17% Sunderland tops the list of most affordable cities for new grads, with rent accounting for just 14.16% of a typical graduate income. Dundee (20%), Bradford (22.68%), and Doncaster (22.87%) also offer young professionals room to breathe and save. These lower-cost cities may not carry the same cachet as London or Oxford, but they are increasingly attractive for graduates prioritising financial freedom over status postcodes. Many of these cities also offer growing employment opportunities and access to remote or hybrid work options. Top 10 UK Cities Where Rent Exceeds 50% of Graduate Income City % of Income Spent on Rent Westminster 96.34% London 81.63% Oxford 67.59% Bristol 60.72% Milton Keynes 54.36% St Albans 53.15% Edinburgh 52.62% Cambridge 52.07% Brighton & Hove 52.04% Bath 51.89% London has long been known for its expensive property market, but the figures go beyond shocking. In Westminster, new graduates spend a staggering 96.34% of their net income on rent. London-wide, the figure remains sky-high at 81.63%. And it's not just the capital: Oxford (67.59%), Bristol (60.72%), and Manchester (51.27%) all rank as cities where a graduate's salary barely covers the cost of a modest flatshare. These figures are calculated using average regional graduate earnings from the Graduate Outcomes 2021 dataset and the most recent monthly rent data. What's Driving the Graduate Housing Crisis? Advertisement Hide Ad Advertisement Hide Ad At the heart of the issue lies a mismatch between graduate salaries, housing supply, and regional opportunity. High-paying graduate jobs are often concentrated in cities where the cost of living is least manageable. Meanwhile, cities offering more affordable housing often lack the same density of graduate-level roles or high-growth industries, though this is beginning to change. A significant number of graduates are now opting to move back home with parents, delay relocation, or work remotely while living in lower-cost towns. Others are resorting to house shares or even long-distance commuting. Time for a Rethink: Where Should Grads Really Start Their Careers? The data makes one thing clear: choosing a post-university city is a matter of survivability. As more employers embrace hybrid work models and regional talent development, now is the time for graduates to think beyond traditional hubs. Advertisement Hide Ad Advertisement Hide Ad Likewise, universities, policymakers, and employers must work together to close the gap between graduate pay and real-world expenses. Without intervention, we risk creating a generation of workers who are employed but perpetually struggling. Takeaway for Graduates If you're considering where to launch your career, look beyond London. Use your degree wisely, and pair it with affordable living. Consider regional cities with lower rent burdens and growing industries. Ask yourself: Do I want a postcode or peace of mind? 'As someone who helps young professionals move across the UK, I've seen a noticeable shift in graduate migration patterns over the last five years. More grads are bypassing London and other traditional career hotspots, not because they don't want to live there, but because they simply can't afford to. When rent consumes 70% or more of your salary, you're not really living. You're just trying to survive.
BreakingNews.ie
36 minutes ago
- BreakingNews.ie
Palace co-owner John Textor would sell shares for Europa League chance
Crystal Palace co-owner John Textor is willing to sell his shares in the club in order to ensure the Eagles can enter next season's Europa League, according to reports. The American, whose Eagle Football Group owns 43 per cent of Palace, has imperilled the club's chance of a first-ever European campaign owing to his involvement with Ligue 1 side Lyon, but is ready to offload his stake to his fellow co-owners in order to bring the saga to an end. Advertisement UEFA does not allow clubs with the same ownership to compete in the same European competitions in a season. Eberechi Eze scored the winning goal when Palace beat Manchester City in the FA Cup final (Adam Davy/PA) As well as his stake in Palace, the 59-year-old has a controlling stake in the French club, also via Eagle Football. However, it is also reported that the European governing body does not consider Textor's influence at Selhurst Park to be decisive and is leaning towards allowing the club into the Europa League regardless. The PA news agency understands no formal decision is likely on Palace's fate until the end of June. Advertisement Textor has previously spoken of his frustration at how little influence his stake entitles him to over football matters. Victory for Oliver Glasner's side over Manchester City in last month's FA Cup final gave them their first major trophy and with it a first crack at Europe. Nottingham Forest, who are owned by Evangelos Marinakis, have written to UEFA challenging Palace's involvement in the Europa League (Mike Egerton/PA) However, Nottingham Forest have since written to UEFA to challenge Palace's Europa League spot and in the hope of taking their place. Forest's owner, Evangelos Marinakis, who also owns Greek side Olympiacos, placed his shares in the club in a blind trust before the governing body's March 1 deadline, anticipating Nuno Espirito Santo's side's European qualification. Advertisement At present Forest, who finished seventh in last season's Premier League, are set to enter the Conference League but would take Palace's Europa League place, should they be deemed ineligible.
Reuters
an hour ago
- Reuters
Kenyan shilling slightly firmer in slow trade
NAIROBI, June 12 (Reuters) - Kenya's shilling was slightly stronger on Thursday in slow trade, traders said. At 0703 GMT commercial banks quoted the shilling at 128.90/129.40 per dollar, compared with Wednesday's close of 129.00/129.50.
