Inland Homes shares plummet as it suspends shareholder buy-backs September 6, 2022 Inland Homes has announced it expects to make a heavy loss this year and has suspended its announced share buy-back programme.
Housebuilder Berkeley on track for £600m profit despite spiralling costs September 6, 2022 Berkeley, one of the biggest housebuilders in the country, is on track to hit £600m in pre-tax profit this financial year and £625m the next despite spiralling costs. The FTSE housebuilder said that current levels of demand for homes in the UK is “sufficient to cover the cost increases”, as inflation hits energy, raw materials [...]
City Moves: Who’s switching jobs in the Square Mile? September 6, 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. Coremont Financial services and portfolio management firm Coremont has appointed a fresh deputy head of product. Joining from financial intelligence company Qontigo where he was head of technology coordination, Yu Xu is set to help accelerate the [...]
Snap snaps and Big Tech feels the heat: What’s next for advertising? September 6, 2022 City A.M. chats with sustainable advertising platform WeAre8 to chat about the future of advertising in an age of distraction and economic turmoil.
Exclusive: New co-working hub headed to Oxford Street this autumn September 6, 2022 A new co-working hub is coming to Oxford Street, City A.M. can reveal today. Office and workspace company Huckletree, which operates across some of the biggest cities in the UK, is set to unveil its fifth London site in November. The 22,000 square foot workspace, in Jubilee House, is hoped to bring a much-needed boost [...]
OPEC+ to cut oil output as recession fears weigh down demand September 5, 2022 OPEC+ have agreed a small output cut in oil production to bolster prices that have dipped amid escalating fears of an economic slowdown.
Liz Truss: New PM can be radical – but she’ll need to keep sceptical markets onside September 5, 2022 As she gets used to the new letterhead on her stationery over the next couple of days, Liz Truss will also be introduced to the art of the balancing act. The job of Prime Minister requires different skills from that of a successful Cabinet minister, on whom it is beholden to drive forward their own [...]
Birmingham picked as home of UK’s new audit watchdog September 5, 2022 MINISTERS have chosen Birmingham as the home of the UK’s new audit watchdog, in a move that risks an internal backlash at the supervisory body it is set to replace. City A.M. understands the soon-to-be launched Audit, Reporting and Governance Authority (ARGA) watchdog will be headquartered in Britain’s second largest city, Birmingham. The new regulator [...]
Amigo Loans cuts ties with KPMG following ‘competitive tender’ September 5, 2022 Amigo Loans has cut ties with KPMG in appointing mid-tier accountancy firm MHA MacIntyre Hudson as its new auditor. The subprime lender said in a statement it had appointed MHA MacIntyre Hudson as its new auditor after the accounting firm won a competitive tender for the contract to audit Amigo’s accounts. KPMG said in a [...]
Lloyd’s of London says state-backed cyberattack policy is ‘responsible’ September 5, 2022 Lloyd’s of London has defended plans to stop providing insurance coverage for state-backed cyberattacks. In an interview with the Financial Times, Lloyd’s chief of markets Patrick Tiernan said the insurance marketplace is “being responsible” by taking a cautious approach. In a note last month, Lloyd’s explained that the potential for state-backed cyberattacks to spread could [...]