Exclusive: City grandees look to Asia in bid to solve IPO drought November 28, 2024 City grandees are looking to capitalise on European political volatility and tempt a wave of international and Asian companies onto the London Stock Exchange next year, according to a memo seen by City AM. London’s public markets have “tailwinds” behind them and the capital could benefit from being the “adult in the corner of the [...]
Construction projects in London dipped but developer optimism remained November 28, 2024 Construction projects in London dipped this year, but positive signals like lower interest rates and easing construction cost inflation have boosted optimism amongst developers. The number of construction projects started between April and September this year fell by 12 per cent, with refurbishments down 57 per cent, according to the Deloitte London office crane survey. [...]
The service sector is not to blame for Britain’s industrial decline November 28, 2024 With the government’s new industrial strategy set to be published next spring, there’s a real risk that nostalgia for our manufacturing past gets in the way of the sectors that really drive growth, says Sam Bidwell Political conversations about the British economy are often dominated by one depressing fact – nobody seems ready to celebrate [...]
Why COP29 failed November 28, 2024 Few were impressed by a late-running conference hosted by a petrostate, but that doesn’t mean we should give up on climate action, says Fin McCarron COP29 has now been and gone. And it’s fair to say that nobody was impressed. This year’s global climate gathering was supposed to provide a brand new climate finance target [...]
Conclave review: Ralph Fiennes shines in Papal drama November 27, 2024 Religious films rarely make the top of the box office, but they do occasionally catch the eye of Oscar. Although they have differing takes on faith, The Exorcist, 2008 drama Doubt, and 2016 Best Picture winner Spotlight are among those who have found awards success through stories involving the Church. Edward Berger, already an Academy [...]
Neobrokers take aim at Hargreaves Lansdown and AJ Bell November 27, 2024 A crop of neobrokers are ramping up their challenges to the industry’s dominant players in what experts say could reshape Britain’s retail investment scene.
Wealthy Americans look to London prime property after Trump’s victory November 27, 2024 Real estate agents in London’s prime property market have marked a spike in interest from wealthy Americans looking to relocate to the UK – particularly families – after Donald Trump’s successful Presidential election campaign. Estate agents Cluttons has experienced a “noticeable uptick in demand” post-election, according to its head of London residential, Laura Dam Villena. [...]
Gen Z are leading the way on luxury spirits November 27, 2024 For a generation who famously do not drink as much as their parents or grandparents, unlocking the spending habits of Generation Z on alcohol occupies a remarkable amount of brands’ time. For spirits brand Diageo, who own brands like Johnnie Walker whiskey and Don Julio tequila, the answer can be found in the post-pandemic shift [...]
FCA ‘strengthens’ internal whistleblowing policy after backlash November 27, 2024 The Financial Conduct Authority (FCA) has said it will look to strengthen its internal whistleblowing policy after intense criticism over its handling of complaints from former staff. The City regulator said today it will clearly lay out how its chair and other non-executives can internally share information about whistleblowers in order to protect their confidentiality [...]
Aston Martin raises £210m following profit warnings November 27, 2024 Falling demand in China, delivery delays and the wider push into electric vehicles (EVs) have hit Aston Martin shares over the last year.