Why China has opted for more stimulus — and why experts are not convinced it will work October 25, 2023 China is rolling out a fresh stimulus package to support its economy, in a sign that the ruling Communist party is growing anxious at the sluggish performance over recent months.
French tycoon Drahi mulls US IPO for Sotheby’s auction house December 15, 2021 Patrick Drahi is reportedly eyeing up a potential listing for Sotheby’s, just over two years after the billionaire telecoms tycoon and art collector snapped up the renowned British auction house in a $3.7bn deal. Drahi has been exploring the prospect of floating Sotheby’s in the US as soon as next year during discussions with potential [...]
Half of all £1m+ UK property sales are in London with not Chelsea but Wandsworth leading the pack May 15, 2022 Despite a more lethargic pandemic property market performance, London remains by far the most prestigious pocket of the property market across England and Wales, accounting for almost half of all homes sold at £1m or above. With an average sold price of £1.4m and a total of £17.6bn worth of property sold at or above [...]
Which taxes will Labour hike in the October Budget? September 25, 2024 Kier Starmer has said that those with the "broadest shoulders should bear the heavier burden". So where will Starmer and Reeves turn to raise some extra cash?
House prices jump 10 per cent in a year amid buoyant market December 1, 2021 House prices are 10 per cent higher than they were last November, and grew 0.9 per cent compared to October, according to an index.
Lush lathers up for return to profit amid buy out of US partner April 3, 2022 Soap-seller Lush has bought out its US partner in a bid to almost double its sales in the UK. According to The Financial Times, the high street name is eager to pump cash into rebuilding its UK operations after they took a hit amid Covid restrictions. The retailer returned to profit in its last financial [...]
St James’s Place takes on Vanguard, but charges 350 per cent more August 13, 2024 St James’s Place is no stranger to high fees. Britain’s largest wealth manager has been pilloried for its high costs, from its controversial exit fee (now being phased out) to the high fees on its pension funds. Now, St James’s Place has earned a new accolade and a new issue with fees. The group’s Polaris [...]
Me? A Bank CEO?: First Direct’s boss on his unusual route to the top February 7, 2023 CEO of First Direct Chris Pitt speaks with City A.M.’s Editor Andy Silvester about his unusual route to the top of the bank and setting his sights on even loftier ambitions for Britain’s young people First Direct boss Chris Pitt and I are walking down towards City A.M.’s offices near Monument. It’s a walk down [...]
Sureserve Group secures £20m deal with Tower Hamlets Homes February 1, 2022 Sureserve Group (Sureserve) has signed a 10-year £20m agreement with Tower Hamlets Homes to provide domestic gas services for its council houses. The wholly owned subsidiary K&T Heating Services (K&T) will provide domestic gas servicing, repair and installation for properties managed by the group. The deal will commence at the start of April and is [...]
Growth of property values hits 15-year high: House prices rise for fifth straight month amid 8.2 per cent annual jump December 7, 2021 Average UK property price hits a new record high of £272,992 last month, rising in November by 8.2 per cent compared to the same month a year earlier, according to Halifx, publishing its monthly index this morning. Prices increased by 1 per cent month-on-month in November while quarterly house price inflation is now at its [...]