Investment bank warns gas prices could quadruple if Russia invades Ukraine January 26, 2022 Analysts have warned that UK gas prices could increase four-fold to over £10 per therm if flows from Russia are cut off over the coming months.
Weaker economic backdrop presents fresh headaches for Fed July 28, 2021 Today’s Federal Open Market Committee announcements come amid mounting concerns that the rapid rise in Covid cases could dampen the global economic recovery. This backdrop presents a different set of problems for Fed Chair Jerome Powell to when he last spoke in June. Recovery prospects are still good, but have tempered. Investors around the world [...]
Crystal Palace hawked for sale in £210m deal October 1, 2019 Crystal Palace are being hawked to prospective buyers in a deal which would value the Premier League football club at £210m. A document circulating among bankers and seen by City A.M. offers to facilitate the purchase of at least 75 per cent and up to 90 per cent for either a single buyer or a [...]
Home is where the heart is: how to revolutionise the house buying process January 9, 2020 For too many people, home ownership is a distant dream. In today’s Britain, only about 27 per cent of people aged 25 to 34 own their home — a huge dip compared to 1990, when ownership for this age group was 50 per cent, according to the Resolution Foundation. Sky-high property prices, the need to [...]
Test for London’s fintech sector: Wise listing could turn into ‘volatile affair’ July 6, 2021 Cross border payments company and fintech giant Wise will be admitted to the London Stock Exchange tomorrow morning. No price guidance has been issued, which will mean that the stock price will be determined during the auction, which will be a lengthy one – from 7.50am onwards, with trading to begin just after 11am – [...]
Mortgage approvals jump to 13-year high as pandemic prompts house moves November 30, 2020 Mortgage approvals jumped last month as the coronavirus pandemic, and support measures such as the stamp duty holiday, prompted more people to move home. The number of mortgage approvals for house purchase reached 97,500 in October, compared to 92,100 the previous month, reaching the highest level since September 2007. Approvals were 33 per cent higher [...]
Number of homes put on market tumbles as survey nears three-year low May 9, 2019 More surveyors reported a drop rather than a rise in new houses being put up for sale last month than in any other poll since June 2016, according to the Royal Institution of Chartered Surveyors (Rics). Read more: London Marathon property prices revealed ahead of this year's race Waning appetite from new buyers and uncertainty [...]
BT ‘on path to growth’ despite first-quarter revenue slip July 29, 2021 BT today issued a bullish forecast for its prospects for the rest of the year despite posting a decline in revenue and pre-tax profit in the first quarter. The FTSE 100 firm reported a three per cent slip in revenue to just over £5bn due to the continued impact of the pandemic. This was offset [...]
Ted Baker needs a dose of urgent first aid December 13, 2019 Oh, the irony. David Bernstein was in Switzerland in his capacity as chairman of the British Red Cross when he took a phone call ousting him as chairman of Ted Baker on Monday evening. Forget the Red Cross: it’s the fashion retailer which requires emergency aid. In the nine months since founder Ray Kelvin quit [...]
Morrisons’ messy and dramatic takeover battle: Where are we now? August 20, 2021 Morrisons agreed a £7bn offer late last night in the latest twist in the UK supermarket chain’s dramatic takeover battle. Shares jumped this morning after investors digested the new deal from US private equity firm Clayton, Dubilier & Rice (CD&R). It comes weeks after a rival bidder, a consortium led by private equity rival Fortress, [...]