A post-industrial Britain has stark lessons for net zero July 22, 2022 LAST week our cities were hotter than they have ever been, and many people suffered. On average they were 3-4 degrees hotter than the surrounding countryside. Had more people commuted into workplaces, it would have been worse. But why are London and cities across the UK so hot? There are three connected explanations. First, they [...]
Value of mortgage advances tops £70bn as real estate experts say market is cooling off March 8, 2022 Real estate experts have said the latest mortgage lenders statistics show a market cooling off from its earlier frenzy. In figures published by the Bank of England on Tuesday, the outstanding value of all residential mortgage loans was £1,613.4bn at the end of the fourth quarter of 2021. This was 4.7 per cent higher than [...]
Exclusive: Ukraine war puts major dent in derivative margin costs May 15, 2022 The war in Ukraine has caused huge increases in margin across derivatives markets, with firms having to find new sources of financing or reducing their positions in order to meet the collateral requirements from brokers, The margin rate for Brent Crude futures on Intercontinental Exchange (ICE) now stands at over $10,00 per lot. With the [...]
Kiss from a rosé: how the pink drink won our hearts July 9, 2024 There may once have been a certain snobbery surrounding rosé wine but now it's serious business – and seriously good
Why money should have a direct and transparent link to energy July 3, 2023 Bitcoin's potential to drive the adoption of clean energy technologies further highlights its importance, says Susie Violet Ward.
Rightmove: Demand surges 50 per cent after housing market reopens August 7, 2020 Property platform Rightmove said demand was up 50 per cent in June and July as potential buyers sought new homes after months spent in lockdown. Rightmove’s share price jumped 8.93 per cent to 629.4p this morning after the company reported a bounce in activity after the housing market reopened. The figures In the six months [...]
Artificial intelligence is transforming our music, starting with Kanye West April 18, 2023 Kanye West has never sung Hey There Delilah, yet there's his cover of the song online. It's been made using AI, and it's exemplary of how the technology is rocking the music industry, writes Elena Siniscalco
Pret a Manger back in black after pandemic massacre as sandwich giant eyes overseas expansion July 4, 2022 Sandwich and coffee chain Pret a Manger has said it returned to profitability in March after suffering another year of hefty losses in 2021 amid lockdowns and Covid restrictions. The group revealed it remained in the red with operating losses of £225.9m last year, in new filings on Companies House. This was an improvement on [...]
Savills reports ‘extraordinarily strong’ trading as shares jump eight per cent January 12, 2022 UK estate agent Savills has seen its share price soar after it lifted profit guidance for 2021 amid "extraordinarily strong" trading.
Overseas executives flock back to London as the relocations market explodes April 27, 2022 International business executives are flocking back to London, according to new data shared exclusively with City A.M. today, after the pandemic pushed many to return overseas. The return of bankers, investors and the sought have driven demand in the prime central London relocations market up 150 per cent in the first three months of this [...]