Spending watchdog slams failure to sell public land for homes July 24, 2019 The UK’s public spending watchdog has slammed the government for failing to sell enough public land for houses to be built on, saying it has prolonged “the nation’s housing crisis”. Read more: UK house sales plummet in June, held back by Brexit ‘ball and chain’ The government set itself the target of selling enough publicly-owned [...]
Warren Buffett’s Berkshire bounds back from worst of pandemic May 1, 2021 Warren Buffett’s Berkshire Hathaway has said its results are rebounding from the worst effects of the Covid-19 pandemic, and that it has extended its aggressive stock repurchases with $6.6bn of new buybacks. First-quarter results suggest that the Omaha, Nebraska-based conglomerate that owns dozens of businesses, is through the worst effects of the pandemic, including the [...]
Founders Spotlight: a conversation with Amy Kalnoki of Bitwave July 15, 2024 I had the opportunity to interview Amy Kalnoki, the Co-Founder and COO of Bitwave, the number one digital asset finance platform for enterprises.
FTSE 100 pushes above 7,000 for first time since Covid crash as Wall Street hits new records April 16, 2021 London’s FTSE 100 rose above the 7,000-mark today for the first time since Covid pummelled financial markets last year. Across the Atlantic, Wall Street again hit new record highs on the back of a bumper set of earnigns from America’s banking giants. Speedy vaccine rollouts and government policy support has lifted investor confidence about a [...]
Man’s best friend: Brits put a premium on pets even as household spend slips April 29, 2021 Not even lockdown could put an end to the old adage ‘Dogs are a man’s best friend’. In the last three months spending on pets surged as Brits prioritised emotional connections. Nationwide’s latest quarterly spending report reveals the biggest increases in spending between January and March have been on dating sites, gardening and pet-related costs. [...]
US pending home sales post record jump in May June 29, 2020 Contracts to buy previously-owned homes in the US rose dramatically in May, posting the biggest rebound on record as the American housing market began to recover from the Covid-19 hit. The National Association of Realtors (NAR) said that its Pending Home Sales Index, based on contracts signed last month, surged 44.3 per cent in May [...]
BP posts $5.7bn annual loss after coronavirus decimates oil market February 2, 2021 Oil supermajor BP swung to a $5.7bn ($4.2bn) reported loss in 2020 as the coronavirus pandemic sent oil demand plummeting. The combination of lower oil and gas prices, significant exploration write-offs and refining margins and depressed demand sent the firm deep into the red after 2019’s $10bn profit. The firm also undershot analyst expectations for [...]
Furlough cash: Businesses repay £760m as HMRC cracks down on fraudsters April 26, 2021 A total of 3,777 businesses have repaid over £760m in furlough grants to HMRC, according to new data shared with City A.M. this afternoon. Since the introduction of the furlough scheme in March 2020, £53.8bn has been claimed by employers as it protected over 11m employees, said accountancy firm UHY Hacker Young, who compiled the [...]
Foxtons revenue dips despite pent-up lockdown demand October 29, 2020 London estate agent chain Foxtons said business picked up “significantly” in the third quarter, but admitted that rents had fallen due to weakening demand. Group revenue for the three months to 30 September was £28.5m, down 10 per cent compared to last year. Foxtons’ share price fell more than four per cent this morning as [...]
Microsoft shelves plans to buy US arm of Tiktok August 2, 2020 A potential sale of video platform Tiktok to Microsoft is reportedly on hold after US President Donald Trump vowed to ban the Chinese-owned app over national security concerns. Tiktok owner Bytedance yesterday told the White House it was seeking a sale of its US operations to Microsoft, in a bid to curb restrictions on the [...]