Countrywide shares are getting hammered after warning on profits November 4, 2015 Countrywide’s share price is getting hammered, leading the losers on the FTSE 250, after having warned on profits. The company’s share price was down 12.70 per cent in mid-morning trading after the announcement. Read more: Countrywide shares slump after housing market slowdown Shares in Britain's biggest lettings and estate agency Countrywide have plunged more than [...]
Broadband is the lifeblood of business: It must be prioritised like any key utility August 8, 2016 It's a story that some firms in London find all too familiar. They decide on their office location, speak to property agents, negotiate the lease and move in. Everything is ready for them including desks, power and water. There is, however, one major issue: their broadband connection isn’t in place. It’s not even the case that [...]
Money Advice Service launches new £7m financial capability fund June 1, 2016 The Money Advice Service has launched a new £7m fund to support organisations trialling efforts to improve financial capability. The What Works Fund will support projects seeking to build quantifiable evidence on the type of interventions that can make a difference to individuals. It comes ahead of the close of a Treasury consultation next week [...]
Markit UK construction PMI: Growth loses momentum in July August 4, 2015 The UK's construction sector unexpectedly lost momentum in July as growth in housebuilding and civil engineering slowed. The widely watched Markit/CIPS UK construction purchasing managers’ index (PMI) slowed to 57.1 in July, from 58.1 a month earlier, also missing economists' expectations for a reading of 58.4. Any number above the crucial 50 mark implies expansion. Growth [...]
Telford Homes announces strong results as it sets its sights on the private rented sector June 1, 2016 London residential property developer Telford Homes announced strong revenue growth in its final results for the year ending March 2016, and pre-tax profits at the company exceeded original market expectations. The firm's revenue was up by 42 per cent year-on-year, jumping from £173.5m in 2015 to £245.6m this year. Pre-tax profits were up by 28 per cent, to [...]
UK building societies lambast European regulators’ plans to tighten lending rules April 17, 2016 UK BUILDING societies have blasted European regulators' proposals to toughen up lending rules, which they argue would be detrimental to the growth of their businesses . The European Banking Authority (EBA) is considering tightening the necessary leverage ratio, so that building societies will need more capital in order to lend. The proposals are based on [...]
Start ’em young: City A.M. meets Captify co-founder Adam Ludwin November 7, 2016 By the time he was 21, Adam Ludwin, co-founder of adtech firm Captify, had already been to and quit university, and worked as an estate agent, a city broker and a recruitment consultant. But he still wasn’t content. “For what I wanted to achieve I really didn’t feel that I needed to go down the [...]
How to earn passive income: 22 ways to create multiple streams of income January 16, 2017 Making money while you sleep. Has a nice ring to it, doesn't it? After reading books like "Rich Dad Poor Dad" and "4 Hour Work Week," I became interested obsessed with making passive income. Whenever someone needs additional income, the stereotypical suggestion offered is to “get a part-time job.” But what if you don't have [...]
The blob is wrong: Competition between schools raises standards the world over August 23, 2016 The A-Level results released last week confirm the dominance of schools in London and the South East. Provisional league tables have only appeared so far for state schools, but these two regions have two-thirds of the top 100. South Yorkshire, Tyne and Wear, and Wales did not have a single school between them in the top [...]
US tech leaders still ❤ London, even after Brexit September 19, 2016 Entrepreneurs and tech leaders in the US still have an eye for London as the transatlantic special relationship continues to flourish despite the looming prospect of Brexit. The capital still tops their list as the top tech hub in Europe and the best place from which to build business across the continent, a new survey of more than [...]