UK Business

World’s billionaires lose £215m each as global economy struggles

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Study finds billionaire population grew in 2015, but total wealth of this group fell by nearly £250bn as economic growth stalled

UK luxury home sales are recovering, estate agents say

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Buyer interest in prime residential property higher in July and August than in 2015, according to Knight Frank

London houses are second most over-valued in world – UBS

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‘Bubble index’ rates Vancouver as city with most unsustainable house prices and puts several other cities in middle of bubbles

Jimmy Choo cashes in on sterling fall as profit and revenue grow

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Luxury retailer says prospects have never looked better as it opens new stores around the world and benefits from weaker pound

Swiss watch exports to UK rise as tourists make most of fall in sterling

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Increase taps into surge of visitors to UK, exploiting what has become the cheapest luxury market in the world, say analysts