The City View: Crossrail finally arrives May 24, 2022 Today Andy Silvester talks to Adam Tyndall, Programme Director for Connectivity at London First. They talk all things Crossrail — from the first idea of an East-West railway in the 19th century, to the funding behind the Elizabeth Line, and to the future of London’s transport system. And in other news — Shell’s AGM was [...]
UK house prices tumble at fastest rate since 2009 amid coronavirus June 2, 2020 UK house prices dropped at the fastest rate since the financial crisis in February 2009 last month, figures have shown, as the coronavirus pandemic brought the property market to a standstill. House prices tumbled by 1.7 per cent in May compared to growth of 0.9 per cent a month earlier, according to the closely watched [...]
Exclusive: ‘Banks should deliver the same experience as Amazon and Netflix’, says Ezbob CEO January 21, 2021 After a year that was hugely disrupted by Covid-19 and the entire economy and its workforce moved online, City A.M. sat down with Tomer Guriel, CEO of Mayfair-based Ezbob, which provides digital lending software to some of the biggest banks and financial institutions in the City. A vaccine is being rolled out, so the City [...]
The case for investing in financials January 7, 2021 Entire tomes have been devoted to investing in the financial services sector – hardly surprising when you consider its size, and therefore its significance to the world’s capital markets. To say the financial sector is large doesn’t do it justice. Of the total market capitalisation of the S&P 500, the world’s largest stock market index, [...]
Rishi Sunak’s Kickstart scheme can help blunt the impending youth unemployment crisis September 18, 2020 This week’s unemployment figures from the Office for National Statistics paint a gloomy picture for Britain’s young people. In the UK those aged 16 to 24 have been hit hardest by job losses since the economy locked down. There were 156,000 fewer young people in employment in the three months to July when compared with [...]
Modular housing: Four common buyers’ questions answered March 13, 2020 Modular housing; off-site construction; MMC. You might have seen these terms bandied about by the housing minister, or heard the news earlier this month that a 49-storey modular housing tower has been approved in Croydon, which will be one of the tallest in the world. But what does it all mean? Broadly, MMC – or [...]
Financial institutions should consider appointing AI officers March 9, 2021 Lord Holmes of Richmond sets out his hopes for the Financial Services Bill in relation to Artificial Intelligence [AI].
Co-operative Bank takes £12m hit from coronavirus as losses continue May 6, 2020 The Co-operative Bank booked a loss in the first quarter as it took a £12m hit from coronavirus, it has said in a trading update. The challenger bank said today that it made an underlying loss of £14.2m in the first three months of the year. This was down from a loss of £5.1m in [...]
UK house prices: Experts predict sharp recovery after coronavirus lockdown May 1, 2020 UK house prices could rebound after the coronavirus lockdown eases, after they grew at the fastest pace since 2017 before the crisis, Nationwide said today. The value of British homes grew at their fastest rate since February 2017 before the coronavirus lockdown brought the market crashing to a halt, Nationwide data released today showed. UK [...]
Takeover interest mounts over Sainsbury’s £1.9bn mortgage book December 12, 2019 Grocery giant Sainsbury’s has reportedly received several offers for its £1.9bn mortgage book. The Big Four supermarket chain has attracted a number of bidders as it looks to quit the home-loans market, according to Sky News. The broadcaster said that Lloyds Banking Group is understood to be among the interested parties in the auction, which [...]