Why London’s commercial property sector is finally booming back May 23, 2024 After a torrid few years, sentiment in London’s commercial property market appears to be improving.
Virgin Money shareholders approve £2.9bn Nationwide takeover despite analyst warnings May 22, 2024 Virgin Money shareholders have given the green light for the bank to be acquired by Nationwide for £2.9bn, paving the way for the UK's biggest banking merger since the financial crisis.
‘Rapidly escalating threat’: Environmental groups call for single-use vape ban November 24, 2022 Environmental groups have called for the sale of single-use e-cigarettes to be banned due their “rapidly escalating threat”. In an open letter to environment secretary Thérèse Coffey and health secretary Steve Barclay, 18 environment and health groups, including Green Alliance and RSPCA, argue that disposable vapes are “unnecessary electrical items” that contain single use plastic, [...]
The City View: Andrew Bailey’s energy shock warning, and farming shortages March 28, 2022 Today Andy Silvester chats to City A.M. reporters Elena Siniscalco and Jack Barnett. Jack discusses Andrew Bailey’s comments warning of the current energy shock being worse than that of the 1970s, and goes through Rishi Sunak’s somewhat incongruous remarks today at a Treasury Select Committee. Elena outlines the myriad of problems affecting farmers, supply chains, [...]
Financial watchdog pushes through changes to “unfair and unclear” buy-now pay-later contracts February 14, 2022 The Financial Conduct Authority has pushed through changes to potentially “unfair and unclear” terms in the contracts major buy-now pay-later (BNPL) as the government prepares for a regulatory clampdown on the sector this year.
Seat Unique: Meet the premium ticketing company riding the ‘funflation’ wave January 17, 2024 Robin Sherry, the founder and chief executive of premium tickets provider Seat Unique, says the experience economy is booming.
Barclays outlines new climate policy amid mounting pressure from activists March 30, 2020 Barclays said it plans to cut its net greenhouse gas emissions to zero by 2050 and will only provide financing to projects aligned with the Paris Agreement climate goals. The London-based bank said it will table a resolution on its new climate policy for shareholders to vote on at its annual general meeting (AGM) in [...]
Aston Martin: ‘Ultra luxury’ strategy pays off with revenues up 26 per cent and GT/Sports range ‘sold out’ March 1, 2023 Aston Martin has reported a full-year loss of £118m, growing from a loss of £74.3m year-on-year but ahead of consensus expectations for £135m. The luxury carmaker said capital expenditure was expected to increase year-on-year but that it would deliver significant growth in profitability this year and positive free cash flow in the second half. Aston [...]
City Moves: Who’s switching jobs in the Square Mile? March 30, 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. Johnston Carmichael Accountancy and business advisory firm Johnston Carmichael has bolstered its London leadership team with a new internal audit and controls assurance partner. Si Mathavan, who joins from EY where he was director of the assurance team, brings 17 years’ worth of experience [...]
Moving markets: Five things shaping the FTSE 100 today January 5, 2024 Moving Markets Today: Asian Equities Mixed, Apple at Eight-Week Low, Oil Prices Rally, Gold Set for Weekly Drop, All Eyes on Eurozone CPI and U.S. NFP Figures Major U.S. indices, including the S&P and Nasdaq, face a three-week decline, while Dow gains traction from financials. Asian markets waver, possibly ending a nine-week global winning streak. [...]