Banks dish out £7.8bn in dividends as rising interest rates boost profits July 27, 2023 UK banks have dished out bumper payouts to investors over the past three months as lenders rake in profits on the back of rising interest rates, according to new research. Banks hiked their dividends to shareholders by 61 per cent to some £7.8bn to investors in the three months to the end of June, despite [...]
Change Makers: “Let’s make it last a hundred years” March 20, 2024 The Change Makers podcast hosted by Michael Hayman tells the stories of the entrepreneurs, politicos, and leaders changing the world around us. In the second of a series, Michael writes for City A.M. on the people he meets along the way.
UK rocket startup looks to scale up with fresh space and tech duo January 8, 2024 UK rocket startup Orbex has announced a fresh leadership duo as it gears up to launch one of the first rockets from Britain.
UK car production at its lowest for 67 years, but EVs soar ahead with £10bn of exports alone January 26, 2023 UK car production fell to its lowest level since 1956 last year as output was hit by global shortages of semiconductor chips, figures show. A total of 775,014 cars were built in 2022, down 9.8 per cent from the 859,575 made during the previous year, the Society of Motor Manufacturers and Traders (SMMT) said. December [...]
Stansted boss predicts another bumper year for aviation after 2023 rebound January 11, 2024 London Stansted Airport reported record passenger numbers in December, continuing its post-Covid resurgence.
Nextenergy Solar sells assets as it tries to deliver ‘optimal returns’ November 22, 2023 Nextenergy Solar Fund has swung heavily into the red for the first half of fiscal 2024 as it looks to recycle assets. For the six-month period ending September 30th, the company recorded a loss before tax of £11.6m with a loss per ordinary share of 2p. This represented a marked decline from the £77.1m profit [...]
LXi and Londonmetric agree mega-merger to create UK’s fourth largest real estate investment trust January 11, 2024 Following completion, existing Londonmetric shareholders will hold approximately 54 per cent and LXi shareholders will hold approximately 46 per cent of the enlarged group.
The hidden infrastructure holding back the housing market March 4, 2024 Politicians of all stripes are promising to help more people onto the housing ladder, but behind the headline-grabbing policies, the elephant in the room is whether the mortgage and conveyancing market can cope with a spike in transactions, says Joe Pepper The housing market will be a key battleground in the forthcoming election, and we [...]
Peer2Peer Finance News rebrands to Alternative Credit Investor October 9, 2023 Peer2Peer Finance News magazine has rebranded to Alternative Credit Investor The world’s leading resource on peer-to-peer lending has attracted a loyal audience of investors and credit industry professionals over the past seven years, and will be expanding its coverage to cover the wider alternative debt space. “While we’re really proud of the Peer2Peer Finance News brand and what [...]
Rail workers ‘at war’ with government, union boss says October 9, 2023 Rail workers are “at war” with the government, a union boss has said, as Labour faced calls to commit to building HS2 in full. Mick Whelan, general secretary of the train drivers’ union Aslef, said his members have been on strike for 16 months in a “Westminster-driven” dispute. He accused the government of wanting to send [...]