Sunday Talk: Mark Ridley, CEO of real estate giant Savills January 2, 2021 In a wide-ranging interview, City A.M. discusses fundraising challenges, Brexit and the shift to home working with Mark Ridley, who has been the group CEO of Savills since 2019, the London-based, LSE-listed real estate services giant which had a revenue of £1.93bn in 2019 and currently employs around 40,000 people in the UK and across Europe. The [...]
Screenshot: Will workers’ rights put a puncture in Deliveroo’s IPO? March 26, 2021 This week **Media Moment of the Week: Farewell to the real McCoy **Will workers’ rights put a puncture in Deliveroo’s IPO? **A watchdog bares its teeth Media Moment of the Week: Farewell to the real McCoy In a shock bit of transfer news this week, BBC presenter Simon McCoy announced he was leaving the Beeb [...]
DEBATE: With the economy under such strain, should new fintech regulation be paused? July 15, 2020 With the economy under such strain, should new fintech regulation be paused? Elisabeth Kohlbach, co-founder and chief executive at Skwire, says YES. The UK’s fintech scene is one of the most vibrant and well-regulated in Europe. And in extraordinary times, this UK success story needs to be nurtured, not subject to more red tape. The [...]
Commercial rent collection ‘exceeds expectations’ in June July 22, 2020 The amount of commercial rent collected in June “exceeded expectations” in the wake of the coronavirus crisis, the latest data showed. Real estate services company Cushman & Wakefield said it collected 69.1 per cent of rent in June on behalf of its clients, compared to 69.5 per cent collected in March just after the UK [...]
FTSE 100 and US stocks jump after strong Chinese industrial data September 15, 2020 The FTSE 100 rose sharply and US stocks opened higher as investors reacted well to stronger-than-expected economic data from China. Britain’s main stock index was up nearly one per cent during the afternoon session at 6,085 points. The FTSE 250 index – which is made up of slightly smaller firms – climbed 0.6 per cent. [...]
Car industry calls for electric vehicle tax break as new sales decline March 5, 2020 The Society of Motor Manufacturers and Traders (SMMT) has called for a tax break on all new battery electric, plug-in hybrid electric and hydrogen fuel cell electric cars in order to encourage the take up of more environmentally friendly models in the UK. According to the SMMT, cutting VAT on such models would reduce the [...]
July retail sales dampen hopes of quick high street recovery August 7, 2020 Retail sales continued to fall in July despite the reopening of non-essential stores, dampening hopes of a quick bounce back on the high street. Like-for-like sales in bricks and mortar stores fell 39.4 per cent in July compared to growth of 0.1 per cent in the same month last year. Last month was also the [...]
Financial services sector banks on a digital future July 9, 2020 “We know you enjoy a little trip into town, but you can do your banking online these days…”: a typical multi-generational conversation as a growing number of people turn to online tools to help with their finances. Inevitably it’s not been a smooth journey. Many find comfort in the familiarity of a bricks-and-mortar bank branch [...]
From ‘haves’ to ‘have-nots’: how COVID-19 is swelling UK’s subprime ranks November 18, 2020 By Sinead Cruise and Iain Withers LONDON (Reuters) – One morning, after years of financial prudence and solid creditworthiness, you wake up and it’s all gone. You’re no longer worthy. You’re a risk. In fact, you’re sub-prime. That is the fate facing thousands of Britons who, often for no fault of their own, could begin [...]
Amazon Prime Day piles pressure on retailers ahead of Christmas trading period October 13, 2020 Amazon Prime Day has launched today, kicking off the crucial Christmas trading period and piling the pressure on retailers to keep up with online discounting. The Amazon sale, which will see the e-commerce giant slash prices on 13 and 14 October, was postponed from July, bringing it closer to the Black Friday discounting bonanza and [...]