$1.1bn EU pre-owned private jet market rebounded in the UK in 2020 May 18, 2021 The UK’s wealthiest bought 14 pre-owned private jets last year, worth $118.2m in total, nearly triple the number in 2019 due to pandemic travel restrictions, according to private jet broker Colibri Aircraft. The UK’s rebounding figure was because the pandemic grounded flights across the world, a spokesperson told City A.M. “There’s one client who said [...]
Made scraps hunt for a buyer as sofa seller nears collapse October 27, 2022 Ailing Made.com has said it has cut short its hunt for a buyer, as the homeware firm teeters on the brink of collapse. In an update to the London Stock Exchange on Thursday morning, the furniture retailer said there was “no reasonable prospect” of an offer. Shoppers have been pulling back from spending on big [...]
House prices fall in March as market continues rates-driven seesaw April 2, 2024 The annual rate of house price growth edged higher to 1.6 per cent in March, from 1.2 per cent in February.
Beleaguered estate agent Purplebricks has ‘several credible expressions’ to buy firm March 1, 2023 Bosses at struggling online estate agent Purplebricks launched a formal process to sell the business after several potential buyers expressed an interest in recent weeks. The company said it had received the approaches after saying in mid-February that it would review its future. Then, the business said “the potential of the group may be better [...]
What now for Standard Chartered, and why is the bank still a takeover target? February 15, 2023 Standard Chartered found itself the target of takeover talks last week, after Bloomberg reported that First Abu Dhabi Bank was ready to make an offer once the cooling off period from its last offer, which had been just weeks earlier in January, had passed. The rumours were quickly quashed by First Abu Dhabi Bank (FAB), [...]
Exclusive: City commuters lives in Walton-on-Thames at risk as fourth Grenfell anniversary nears May 21, 2021 City commuters lives may be at risk nearly four years on from the Grenfell disaster after an official dossier uncovered a major housing association failing to carry out key remedial works. Official documents seen by City A.M. reveal that PA Housing Association in Walton-on-Thames, Surrey, a commuter hotbed for brokers, bankers and consultants, has so [...]
Manchester United share price tanks 20 per cent on reports that Glazers aren’t selling September 5, 2023 Manchester United’s share price tanked by more than 20 per cent on Tuesday following reports that the Glazer family have shelved plans to sell the Premier League club. United’s share price was down from $23.66 at close on Friday to $19.19 when the New York Stock Exchange reopened following Labor Day. It dipped as low [...]
Equity inflows: UK investors most bullish in three years March 5, 2024 UK investors reached their most bullish in three years last month, as they poured £2.7bn into equity funds throughout February.
Explainer: How Russia is dodging oil sanctions and what the West is doing about it January 13, 2024 G7 sanctions are slowing Russia's oil industry but the sanctions are not having the desired effect
FTSE 100 live: London’s blue chip index ends the week on a positive, but subdued note April 21, 2023 The FTSE 100 ended a quiet week with another subdued session on Friday, but it managed to eke out a small gain and kept above 7,900 points. Shares in the top index in London gained 11.52 points, rising by 0.2 per cent to 7,914.13. It came despite heavy losses for the country’s biggest mining companies. [...]