City Moves for 20 January: Who is switching jobs in the Square Mile this week? January 20, 2021 Snakes and Ladders provides a roundup of the most important hires and job moves across the City, every Wednesday afternoon. Email citymoves@cityam.com to be featured. Real estate and construction companies appear to be bustling in the capital with new projects and appointments across the UK. This week, Cromwell, Redrow and Savills boosted their firms with new appointments and [...]
London house prices hit record highs due to impact of stamp duty holiday January 20, 2021 London house prices jumped at the end of last year, with average values breaking the £500,000 threshold for the first time. Average house prices in London rose four per cent between October and November last year, according to the latest official data. The annual price rise of 9.7 per cent took the average property value [...]
Before the Bell: It’s Biden’s time as Trump leaves the stage January 20, 2021 The return of US markets from the Martin Luther King holiday saw stocks drive higher as the US gets ready to swear in today a new President for the next four years, CMC Markets UK chief market analyst Michael Hewson tells City A.M. this morning, adding that optimism that the pledge to act big on [...]
UK inflation doubles in a month as transport prices rise January 20, 2021 UK inflation doubled in December as prices rose during the festive period, the Office for National Statistics has announced. Prices in the run-up to Christmas were up 0.6 percent compared to a year earlier and rose from 0.3 per cent in November. Higher prices for transport, recreation and culture were flagged by statisticians, despite food [...]
Perception is everything: Why this decade is all about reputation January 20, 2021 The last decade has been all about data. As our digital lives have become inseparable with our offline selves, the power and value of the data that underpins the digital world has exploded. It is easy to forget that it is only 14 years this month since the launch of the iPhone, and even harder [...]
Tory rebellion to stop UK trade deals with ‘genocidal’ regimes fall short January 19, 2021 A Tory rebellion in the House of Commons that tried to stop the UK government from being able to to sign future trade deals with genocidal governments has fallen just short. The amendment, which was brought forward by the House of Lords, lost by just 11 votes, 319 to 308, this evening. Thirty-four Conservative MPs [...]
Exclusive: City of London Corporation chief says ‘not our place’ to criticise China human rights abuses January 19, 2021 The City of London Corporation’s policy chief has said it is not the powerful local authority’s role to hold China to account for human rights abuses. Catherine McGuinness told City A.M. that she was “really not clear it’s our place” to publicly criticise the Chinese government for human rights abuses against Uyghur Muslims and that [...]
Branded: How firms can avoid being marked by fake news controversy January 19, 2021 Joe Biden is heading to the White House. Vaccines are being rolled out. The world is ready to start moving forward after a fractious year. Given the turbulence of the last 12 months, building brand reputation hasn’t always been a priority. In the years ahead, businesses will not only be looking to start afresh, but [...]
House prices fall as sellers hope to beat tax deadline January 18, 2021 Average property prices fell by nearly £3,000 this month (-0.9 per cent) as sellers tried to temp buyers to squeeze in a sale before the end of the stamp duty holiday. Despite their efforts sellers are unlikely to beat the stamp duty deadline, according to Rightmove, as it typically takes more than four months to [...]
Best of travel: A food odyssey across the South China Sea January 16, 2021 Throughout January we’re remembering better times and sunnier climes by reposting some of our favourite travel stories from the last decade. In this instalment, our Life&Style editor Steve Dinneen eats a path across the South China Sea. ••• Hong Kong’s most celebrated restaurants are the kind of Michelin-rated palaces to gastronomy that you can find [...]