London house prices hit record highs due to impact of stamp duty holiday January 20, 2021 London house prices jumped at the end of last year, with average values breaking the £500,000 threshold for the first time. Average house prices in London rose four per cent between October and November last year, according to the latest official data. The annual price rise of 9.7 per cent took the average property value [...]
Astia launches $100m venture fund for growth companies with women at the helm February 8, 2021 Astia has launched a $100m early-stage venture fund that will invest globally in high-growth companies that have at least one woman in an executive, equity-holding position. The fund was created to help to address the disparity in funding for companies that include women in founding or executive roles. Mastercard is the fund’s main investor. Astia [...]
The metaverse allows us to embrace ch-ch-changes December 9, 2021 It's time to relax and just go along with the flow of it all - the metaverse is in good hands, says Dr Chris Kacher.
Capita announces major restructure alongside plans to raise £700m March 17, 2021 Outsourcing giant Capita has announced a fresh restructuring plan alongside efforts to raise £700m from selling non-core assets, as it seeks to recover from a difficult year during the pandemic. The group, which provides IT-led business services to the public and private sector, will simplify its six operations into three divisions. Capita Public Service will [...]
Everything you were afraid to ask about the metaverse April 22, 2022 This article first appeared in ICAS’ CA Magazine. It recently hosted its first wedding, with a guest list of thousands. It may soon see CAs send digital avatars to clients’ virtual offices. But will the metaverse really reshape business or be just a niche preserve of gamers? Christian Koch investigates. The metaverse is coming… “Who [...]
Matalan ‘very cautious’ over impact of latest lockdown as Christmas sales drop January 18, 2021 Budget fashion retailer Matalan warned that it is “very cautious” about the coming months due to the ongoing impact of coronavirus, as it announced a drop in sales over the crucial Christmas trading period. In the five weeks to 2 January, total UK revenue was £119.2m, down from £134.3m in the previous year, as the [...]
Gold miner Petropavlovsk slashes production forecasts October 9, 2020 Petropavlovsk drastically slashed its production forecasts this morning in its first market update since the summer’s bloody boardroom struggle. In a trading update, the Russia-focused gold miner said that production volumes would now come in between 560,000 to 600,000 ounces, down from previous estimates of up to 720,000 ounces. The FTSE 250 firm said the [...]
BDO becomes largest auditor of listed UK firms October 13, 2020 Challenger firm BDO now audits the highest number of listed UK companies as attempts to reform the sector sees companies move away from the Big Four. BDO, the UK’s fifth-largest accounting firm by revenue, gained 36 listed clients in the 12 months to October, according to Adviser Rankings, which collects auditor data. It now audits [...]
City Moves: Who’s switching jobs in the Square Mile this week? July 7, 2021 City A.M.‘s Millie Turner provides a roundup of the most important hires and job moves across the City, every Wednesday afternoon. Email citymoves@cityam.com to be featured. Ex-abrdn CEO appointed chair university board The former CEO of Standard Life Aberdeen, now known as abrdn, has been appointed chair of the University of Sussex Business School’s advisory board. [...]
Young Londoners buck trend to leave the capital due to coronavirus pandemic October 6, 2020 Young people are keen to continue living in London despite the trend, sparked by the coronavirus pandemic, to seek bigger and cheaper housing outside of the capital, according to the latest research. Research published this morning showed that 73 per cent of Londoners aged 25 to 44 were planning to remain in the capital, compared [...]