Cazoo shares rise on New York debut in fast start to firm’s ‘next chapter’ August 28, 2021 Used car platform Cazoo ended its first day of trading as a public firm up 7.6 per cent after the firm made its long-awaited stock market debut yesterday. The $8bn float, which makes serial entrepreneur Alex Chesterman’s latest project the most valuable US listed UK firm, came after it completed its merger with SPAC Ajax [...]
Bitcoin ETF expectations, coupled with increasing crypto bets, lead to rally October 18, 2021 Data from CryptoCompare shows that the price of Bitcoin started last week above $56,000 and moved sharply upward to surpass the $62,000.
What 175 years of data tell us about house price affordability in the UK March 29, 2021 What we’ve learned from nearly 200 years of housing data – and is property really a better investment than a pension? We dug into the treasure trove that is the Bank of England’s Millennium of data resource to analyse the history of house prices. We found that the average house in the UK currently costs more than [...]
Frasers Group to take £200m Covid hit over third wave concerns April 9, 2021 Mike Ashley’s Frasers Group, which owns Sports Direct and House of Fraser, expects to take a £200m hit due to coronavirus, and warned that further restrictions on retail are “almost certain”. Frasers Group said it anticipates a non-cash impairment of more than £200m in the value of its properties and other assets. The retailer said [...]
No, the traditional suit won’t ‘die’- and here’s why October 13, 2021 We are told that formal dress is dying, its mortal wound inflicted by the pandemic and the lockdown embrace of more casual attire. Certainly there are worrying signs: Marks & Spencer has stopped selling suits in many of its stores, and in the market as a whole sales are down dramatically. I have written in [...]
Foxtons to review chief’s pay following shareholder revolt April 22, 2021 Foxtons will review its remuneration policy after nearly 40 per cent of shareholders voted against executive pay packages. Foxtons faced criticism from investors and shareholders groups over its decision to award CEO Nic Budden almost £1m in bonuses for the year. Shareholders’ concern centred on the group paying out bonuses to executives despite a sharp [...]
TfL gets go-ahead for 852 new homes in Acton January 21, 2021 A new development in Acton has been given the go-ahead by Ealing Council, and will provide 852 new homes for rent and sale in the area. The development covers a 3.6 hectares site and spans from Acton Town station to the level crossing towards Chiswick, TfL’s largest development to date. The new homes will be [...]
Pawnbroker H&T suffers profit slump as consumers wary of taking on debt in pandemic March 23, 2021 H&T Group, the high street pawnbroker and loan provider, suffered a drop in profit last year as fewer customers borrowed money during the pandemic. The company announced this morning that profit before tax fell 22.4 per cent to £15.6m in 2020 as its pledge book fell 33.1 per cent to £48.3m. H&T’s share price fell [...]
Bumper set to fire up its Liquidity Provision Program today July 14, 2021 Crypto AM turns its spotlight on Bumper - a DeFi protocol that shields your crypto from volatility.
Inside AlUla, Saudi Arabia, where monuments are older than the pyramids October 17, 2022 Just when you think you’ve grasped how ancient the city of AlUla, Saudi Arabia is, you stumble upon an even older part, and then another, each earlier still. By the time someone mentions palaeolithic axe-heads from 200,000 years ago, a 12th century Islamic town is beginning to sound contemporary. What’s made all this Indiana Jones [...]