London house prices: The capital leads the way with Build to Rent scheme October 19, 2015 Calls for more properties to be built in London to slow rampant price growth are being partly answered. The capital is leading the way in the Build to Rent scheme, with the number of rental developments in the pipeline more than double that in the rest of the UK. The scheme allows developers to build properties for rent [...]
Why banks are humanity’s most perfect socialist institutions – and why we need to talk about bank capital March 29, 2016 Nine years after the start of the financial crisis, there has still been no rational discussion about bank capital. Blame this on the banks, who haven’t set out the arguments. Money is a figment of the human imagination. Historically, we’ve tinkered with ways of making it appear real – stamping coins, printing notes, putting up [...]
London tech sector sparks City building boom at Silicon Roundabout November 10, 2014 London’s thriving tech sector has helped to drive a resurgence in building activity in the City over the past six months as developers push the start button on a record number of schemes in areas such as Old Street. Developers kick-started work on 10 new schemes in the City in the six months from April [...]
Three of the best business books to read this Christmas: Nothing says “glad tidings” like a book on nudge theory December 2, 2015 Whether you need help deciding how many mince pies it is optimal to eat this Christmas, or how John Lewis has survived revolutions in the retail sector, City A.M. has been compiling a list of some of the best business books to enjoy over the festive period. Here are three. THINKING IRRATIONALLY Historically, the [...]
Mayoral Tech Manifesto 2016: We must liberalise skilled visa policy to ensure the success of London’s tech sector February 9, 2016 The new Mayoral Tech Manifesto 2016 outlines the bold steps the next mayor must take to maintain London’s position as the digital capital of Europe, and make it a truly digital city for businesses and citizens. But can it be done? In theory, it can. If the infrastructure, investment and government decision-making aligns, the opportunity is there for [...]
Education tech group launches in London to promote sector growth October 20, 2015 A new body aimed at promoting the education technology sector, Edtech UK, launches in London today. The organisation, along with London & Partners, estimates that the global education technology industry is worth £45bn, and could reach £129bn by 2020. The sector is one of the fastest growing tech markets in the UK, with more than [...]
Breaking the banks: Why are shareholders bailing out? February 10, 2016 The share prices of Europe’s biggest banks are now being discussed in historical terms. Deutsche Bank’s share price has dipped beneath its financial crisis nadir and its convertible bonds have plummeted. Standard Chartered’s stock is at its cheapest in nearly 20 years, joined in the carnage by the other major UK banks – HSBC, Lloyds, Barclays [...]
Shore Capital, Vodafone and CRH: Best of the Brokers for 07 December 2015 December 6, 2015 To appear in Best of the Brokers, email your research to notes@cityam.com Analysts at Jefferies have retained a “hold” rating for building materials group CRH, after the firm released guidance on its recent acquisitions. Analysts found CRH’s core businesses are doing well in the US, where the commercial sector is recovering. The company has a [...]
Crown Estate sitting on £800m of vacant London properties December 11, 2015 The Crown Estate is sitting on over £800m worth of empty properties in London alone, a City A.M. investigation has revealed, exposing the scale of the developer’s property footprint in the capital. The monarchy’s portfolio of property and land includes 312 vacant properties in the Greater London area, according to a Freedom of Information request, [...]
Over £1bn of masala bonds to be issued in London, Indian Prime Minister Narendra Modi announces November 12, 2015 Indian Prime Minister Narendra Modi has marked the beginning of his trip to the UK by announcing today that the country’s railway network will issue so-called masala bonds in London to raise cash for its expansion. Masala bonds are rupee-denominated bonds issued outside of India. Over £1bn masala bonds will be issued including the first private [...]