Rishi Sunak assures City that bonfire of financial services regulations post-Brexit is around the corner October 5, 2021 Rishi Sunak has moved to assure the City that changes to financial services regulation post-Brexit are around the corner as he set out his ambition to “make sure [London] remains the most competitive place in the world for financial services”. When challenged at a Conservative party conference fringe event on why there hasn’t been a [...]
UK has nearly 1,800 more streets with average house price of £1m than a year ago October 5, 2021 Britain counts nearly 1,800 more streets with an average house price of £1m or more compared to 12 months ago, according to fresh data shared with City A.M. this morning. At least 11,673 streets in September 2021 had an average property price of £1m pus, which was 1,782 more than the 9,891 million pound streets [...]
Food and beverage M&A activity at highest since 2010 October 5, 2021 UK food and beverage M&A market activity was at its highest since 2010 this summer. Deal value between May and August, was at an estimated £3.9bn, according to corporate finance house Oghma Partners’ latest report. The year-to-date total value of recorded deals are estimated at £5.8bn – the nearest annual total was that 2015’s figure [...]
Burger chain Five Guys thanks ‘curbside collection’ for mitigating Covid impact October 4, 2021 Burger chain Five Guys has said it is keen to continue a roll out of venues in the UK. New store openings were offset by the impact of the Covid pandemic in 2020, accounts filed to Companies House laid bare. The chain opened 10 new stores in the year, boasting 110 restaurants by the year [...]
TikTok Europe turnover fattens from advertising spend as losses grow fourfold October 4, 2021 TikTok’s European turnover surged by 545 per cent to $171m last year as the social media platform raked in cash from advertisers’ increased spending, a new company filing revealed today. According to the Companies House filing, the Chinese-owned firm has invested in scaling its European side of the business through new hires and increased sales [...]
‘PE to PE’ deals soar as firms rush to offload $2.3 trillion post-pandemic dry powder October 4, 2021 Private equity to private equity deals, whereby groups sell UK companies to each other, have jumped by 44 per cent in the past year, as firms rush to please investors and deploy capital accumulated during the coronavirus crisis. The number of so-called “PE to PE” deals increased by 44 per cent to 85 in the [...]
Bridgepoint enlists Rothschild for £1.3bn Miller Homes sale amid housing boom October 2, 2021 Bridgepoint is seeking to capitalise on soaring valuations as the housing market booms, with the sale or float of Miller Homes, one of the UK’s biggest housebuilders. The private equity firm has appointed investment bank Rothschild to advise on its potential exit from Miller Homes, four years after it bought the company from GSO Capital [...]
Can EVs really handle a family holiday? October 1, 2021 Electric vehicles (EVs) have enjoyed soaring sales in recent years but there are still many EV doubters out there, not least because of the charging infrastructure. Among them is Allegra Stratton, the UK government’s spokesperson for the upcoming COP26 climate summit. She made headlines by saying she couldn’t use an EV because stopping to recharge [...]
Rising construction costs will led to further house price growth September 30, 2021 House prices are expected to further soar thanks to increasing construction costs. Annual house price growth eased to 10 per cent in September, from 11 per cent in August, according to Nationwide Building Society. London was the weakest performing area of the UK in the third quarter of 2021 while the average UK house price [...]
Crypto Summit LIVE: Updates from the heart of the City September 30, 2021 Day 2 Yesterday, we were treated to keynote talks from Lord Chris Homes MBE, member of the House of Lords, Marcus Hughes of Coinbase and Alderman William Russell, Lord Mayor of The City of London and more! The day was topped off with an awards ceremony held at St Leonardo’s hotel in London. Closing thoughts [...]