Liz Truss has installed Jeremy Hunt in the driving seat and is in for a wild ride October 18, 2022 NICOLE Richie, the American reality TV star, once described getting an Uber as “going somewhere with a friend, just that friend doesn’t know you.” Last week, Liz Truss had a similar realisation as her government veered dramatically off the road.
MJ Gleeson doubles home sales as appetite for affordable property offsets inflation July 11, 2022 Low-cost housebuilder MJ Gleeson has doubled its home sales in the past five years, leaving significant material and labour cost increases in the dust. In an upbeat trading update today, the company boasted a more than 10 per cent jump in sales to a total of 2,000 in the year to 30 June. “Notwithstanding the [...]
AI companies should to be allowed to build quickly, and we need to let them get on with it September 10, 2023 Dr Chris Kacher urges the world to set aside concerns and embrace a future inevitably laced with artificial intelligence.
Ocado raises £575m as it looks to widen online grocery market share June 21, 2022 Online retailer Ocado has raised £575m in a share placing, rallying extra funds as demand dries up. The London-listed firm announced the placing after the stock market closed yesterday, revealing just hours later that it had met its quota. The placing auctioned off 72.3m shares at 795p — a nine per cent discount to yesterday’s [...]
China banks cut key interest rate in bid to revive stalling economy August 22, 2022 China’s banks have slashed a key interest rate in a token gesture to revive the world’s second-largest economy. The country’s central bank said yesterday the one-year loan prime rate offered by banks was cut to 3.65 per cent from 3.7 per cent, while the five-year rate dropped to 4.3 per cent from 4.45 per cent. [...]
Merger of medicinal cannabis firm Northern Leaf and CBD brand Voyager collapses April 9, 2024 A deal which would have ensured the "survival" of a medicinal cannabis producer through a merger with a Scottish CBD firm has collapsed.
If the Conservatives want to survive, they need to regain their economic credibility April 27, 2022 Now, people’s money is counting for less and less as inflation pushes prices up. And a YouGov poll put Labour ahead of the Conservatives on six out of seven economic trackers. For the first time, the same number of people think a Labour government led by Keir Starmer would be better at managing the economy as those believe the same of a Boris-Johnson led Conservative government.
Britain’s productivity has been battered by the scarcity of affordable homes in cities February 15, 2022 Londoners are feeling the squeeze. The Bank of England has forecast the biggest annual fall in living standards for at least three decades: energy costs are surging, and rents are going up by 5.5 per cent. The high cost of housing leads to a worse quality of life in familiar ways, through lower disposable incomes, [...]
3 Finance Jobs That Pay Over £100k May 23, 2023 Did you know that in London, the average price of a cup of coffee is £2.55? That’s according to research from price comparison website Compare The Market. The study also found that the most expensive place to buy a coffee in London is Selfridges, but the cheapest is at Pret. It can be an expensive [...]
City Moves: Who’s switching jobs in the Square Mile? September 16, 2022 City A.M.’s Millie Turner provides a roundup of the most important hires and job moves across the City, every morning. Email citymoves@cityam.com to be featured. Bovill Financial regulation consultancy Bovill has appointed a Big Four director to head its wealth practice, covering financial planning, regulatory compliance and prudential obligations. Based in London, Matt Browne joins from PwC, where he was a director [...]