London markets brace for another week of Omicron volatility December 5, 2021 London markets are set for another whipsawing week driven by investors responding sharply to any news on the Omicron variant. The capital’s premier FTSE 100 index was extremely volatile last week, fluctuating between good and bad days. The blue-chip index ultimately finished the week higher, but failed to cancel out all of the losses registered [...]
Prime Minister Boris Johnson confirms support for North Sea oil and gas industry March 14, 2022 Prime Minister Boris Johnson gave his backing to the North Sea oil and gas industry as the UK looks to ensure supply security.
Grainger resilient against pandemic side effects as pre-tax profits soar November 18, 2021 The UK’s largest listed residential landlord Grainger has reported a higher pre-tax profit after revenue was driven by roaring housing demand. In results for the year ended 30 September, the property firm declared profit before tax up 53 per cent. What’s more, adjusted earnings rose two per cent while like-for-like rental growth saw a one [...]
Housebuilders concerned over rising material costs November 8, 2021 Housebuilders are wrangling with supply chain disruption and rising material costs with the delivery of new homes under threat. 61 per cent of builders said these factors were the biggest obstacles adding pressure to their bottom line, in a survey of more than 50 English housebuilders by property consultancy Knight Frank. Concerns are also mounting [...]
Government re-opens door to fracking after Russian oil ban March 9, 2022 The Prime Minister, Boris Johnson, is open-minded to the idea of bringing back fracking following a near three year moratorium on the process.
Vodafone to auction the world’s first ever text message as an NFT for refugee charity December 14, 2021 Vodafone announced today that it will auction an NFT of the world’s first ever SMS text message – which read ‘Merry Christmas’, and was sent on the network in December 1992.
City Moves: Who’s switching jobs in the Square Mile? April 22, 2022 City A.M.’s Millie Turner provides a roundup of the most important hires and job moves across the City, every morning. Email citymoves@cityam.com to be featured. BDO BDO has bolstered its financial services team with a new partner, which will be the accountancy and business advisory firm’s fifth dedicated finserv partner in the last year. Rahoel Patel, who joins the firm’s transaction services team, brings more than 15 years’ experience of advising both [...]
Ed Warner: Forget WrestleMania, Super Bowl or the Olympics – London mayor should seek hefty portfolio of sporting events May 2, 2024 Cultivating a calendar of repeat events has far greater benefit over time than splurging on a mega jamboree.
US reaches deal with EU to boost LNG supplies March 24, 2022 The US is expected to supply the EU with 15bn cubic metres of liquefied natural gas by the end of the year to reduce dependence on Russia.
Cost of living crunch to deliver shock to UK households’ balance sheets May 4, 2022 Households’ balance sheets are set to be tainted by problem debt this year, driven by the worsening cost of living crunch forcing Brits to turn to credit cards to pay bills, reveals fresh analysis published today. Accelerating inflation over the course of this year is likely to spark a jump in unsecured lending, credit that [...]