Surging tech megacaps power Nasdaq to another peak September 1, 2021 A surge among tech megacaps powered the Nasdaq to another record high during early trading on Wall Street today. The US’s tech-heavy benchmark has since fallen back from its fresh peak, but is still up 0.65 per cent to 15.358.32 points during mid-morning exchanges. The blue-chip S&P 500 jumped 0.18 per cent to 4,531.01 points [...]
Clubs infuriated by scant detail of vaccine passport proposals September 1, 2021 Downing Street confirmed it still plans to introduce vaccine passports for nightclubs from the end of this month, to the frustration of the late night sector. There had been reports the Government could choose not to introduce the policy at the last minute as a bluff to drive up vaccinations among young people. However, the [...]
Clubs infuriated by scant detail of vaccine passport proposals – CityAM : CityAM September 1, 2021 Downing Street confirmed it still plans to introduce vaccine passports for nightclubs from the end of this month, to the frustration of the late night sector. There had been reports the Government could choose not to introduce the policy at the last minute as a bluff to drive up vaccinations among young people. However, the [...]
UK house prices jump unexpectedly in August September 1, 2021 UK house prices jumped unexpectedly in August driven by strong demand for homes in the lower segment of the market, according to new figures released today. Data from Nationwide shows house prices rose 11 per cent annually in August, up from July’s 10.5 per cent increase. The shock rise is likely being driven by the [...]
60 per cent of all properties sold in London hit by down valuations August 31, 2021 Nearly 400,000 UK property transactions have been down valued in the last year alone, according to research by London property agent Benham and Reeves, shared with City A.M. this morning. At 59 per cent, London is home to some of the largest levels of down valued homes of all UK areas and it also ranks third [...]
Exclusive: Finance teams go remote as in-house may become a thing of the past August 31, 2021 With more than 75 per cent of adults now fully vaccinated, many employers are calling for a return to the office. However, the UK labour market has seen employees revising their expectations and demand a stronger work-life balance following three strict lockdowns that were defined by remote working. Moreover, the landscape of business management and finance [...]
City A.M. TV: A market snapshot August 31, 2021 Markets responded well to Fed Chair Powell’s key speech last Friday. The main US equity index rallied both on the speech and then continued its strength during yesterday’s US session (whilst the UK was closed for bank holiday). As well as new record highs for the S&P500 and NDX100, Powell’s dovishness also brought about a [...]
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 [...]
‘Next chapter’ starts for Cazoo as firm lists via New York SPAC : CityAM August 27, 2021 Used car platform Cazoo made its long-awaited stock market debut today as the firm went public in New York with a valuation of $8bn. The 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 I. Also Read: Cazoo goes [...]
The CA Summit 2020: experts discussed the future of the City of London and trade negotiations between the US and UK August 25, 2021 Ahead of CA Summit 2021, revisit the Learn Chapter of last year’s event which saw experts discuss key issues business professionals are facing, including the future of the City of London and trade negotiations between the US and UK. Book your place now for CA Summit 2021 The future of the City The COVID-19 pandemic [...]