Former Barclays boss in line for £200m windfall as Blackrock takes 10x stake June 5, 2021 Former Barclays boss Antony Jenkins is said to be on the brink of a deal that will see his personal wealth surge by £200m as Blackrock funds close in on his new fintech venture. Jenkins, who was ousted as chief executive of Barclays in 2015, is close to selling a stake in 10x Future Technologies [...]
Italy to enter third national lockdown over Easter following spike in Covid cases March 12, 2021 Italy will enter its third nationwide lockdown over the Easter weekend as the country struggles to curb a fresh spike in coronavirus cases. Non-essential shops will be shuttered across the country between 3 April and 5 April, when Italians will only be allowed to leave their homes for work, health or emergency reasons. The decree, [...]
London much better prepared for terror attack than five years ago March 11, 2022 London is significantly better prepared to deal with a potential terror attack than five years ago, although the capital will never be “entirely safe”, an independent review has found. Lord Toby Harris’ report said “very substantial progress” has been made by the emergency services and other agencies following the 2017 attacks on Westminster Bridge, London [...]
Property chiefs: Lockdown and end of stamp duty holiday push down house prices February 2, 2021 The most recent drop in house prices is primarily caused by the soon-to-end stamp duty holiday, combined with the UK’s third national lockdown, property professionals told City A.M. this morning. According to new figures, published by Nationwide earlier this morning, January saw property prices fall for the first time in six months as the end [...]
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 [...]
Haulier shortage putting construction work ‘under enormous pressure’ June 23, 2021 A shortage of hauliers due to the UK’s departure from the EU and Covid testing rules is becoming a “critical nationwide problem” for the construction industry, which is already battling disrupted supply chains. Government advisory body the Construction Leadership Council (CLC) today said that a lack of drivers was now causing construction delays and pushing [...]
Fresh restrictions blanket new Covid epicentre – Europe November 18, 2021 Ireland has become the latest European country to impose fresh Covid-19 restrictions, as the continent becomes the epicentre of the pandemic. From today, the country’s population will work from home where possible, though universities will not sink back into online teaching. Hospitality has also been impacted, with bars and restaurants having been ordered to [...]
City A.M. TV: A market snapshot August 31, 2021 Markets responded well to Fed Chair Powell’s key speech last Friday. The main US equity index rallied both on the speech and then continued its strength during yesterday’s US session (whilst the UK was closed for bank holiday). As well as new record highs for the S&P500 and NDX100, Powell’s dovishness also brought about a [...]
First-time buyers offered new homes at up to half price under government scheme June 5, 2021 First-time buyers in England will be able to apply for a discount of up to 50 per cent on a new build home under a government project launched today. The First Homes scheme will help people onto the property ladder, which experts believe could spark a scramble for properties and further bolster the house price [...]
Over 50s to be offered third Covid ‘booster’ jab to eradicate risk of virus before Christmas May 5, 2021 Over 50s could reportedly be offered a third Covid “booster” vaccination this autumn in a bid to eradicate the threat of the virus before Christmas. Chris Whitty, the chief medical officer for England, is currently supervising two trials, with one involving a jab modified to protect against new variants. The other trial involves a third [...]