Match of the Day: Audience peaked at 2.8m after BBC Lineker row while ITV’s Six Nation coverage tops 5m March 20, 2023 Two million viewers tuned in to watch Match Of The Day (MOTD) Live after Gary Lineker’s return to the BBC. The corporation said the coverage of the FA Cup quarter-final on Saturday, which was hosted by the 62-year-old presenter, saw an average of 2.1 million viewers based on overnight figures. An audience peak of 2.8 [...]
Exclusive: Renters face being pushed out of London as landlords struggle to cope with ‘huge’ mortgage hikes, adviser warns March 20, 2023 Landlords in London and the south east are facing a 125 per cent increase in monthly mortgage payments, or £574 on average, according to research exclusively shared with City A.M. The Bank of England’s decision to raise interest rates 11 times over the last 15 months has seen mortgage costs spiral for mortgage borrowers. Earlier [...]
Credit Suisse: ECB tries to settle market after UBS deal wipes out $17bn of AT1 bonds March 20, 2023 The European Central Bank said its banking sector was “resilient” today as it moved to settle volatile bond markets today following the controversial move to wipe out Credit Suisse AT1 bondholders last night. As part of UBS’s rescue swoop for its beleaguered Swiss rival, regulators wrote off some £13.92bn ($17bn) of Credit Suisse additional tier [...]
Bitcoin breaches $28k with little resistance March 20, 2023 Bitcoin is up 27% over the last week and is currently trading around $28,220, while Ethereum at $1,795 is up more than 12%.
Job Hunting? Three In-Demand Jobs In London This Week March 20, 2023 | Sponsored The London labour market is starting to cool, although we’re not quite facing the big freeze that many analysts had predicted––at least not yet. According to the latest Office for National Statistics (ONS) figures, vacancies across the UK dropped in the three months to December 2022 (the sixth consecutive fall), but remained elevated at 1.16 [...]
Luxury Lodges: Why invest in the UK’s finest holiday homes March 20, 2023 | Sponsored The City has many charms – from the camaraderie of your colleagues to the historic restaurants and architecture. But creating a home away from home, away from the hustle and bustle of the Square Mile, can give you a peaceful bolthole whenever you need it without the hassle of finding a villa or gambling on [...]
Looking for a property investment that combines city living with green space? CityGreens might be the perfect choice March 20, 2023 | Sponsored Now more than ever, finding a property investment opportunity in the best location and with the strongest prospects for future growth is crucial. While some investors prefer to go it alone, working with a property investment consultancy that stays one step ahead of the market and can guide you towards the optimum opportunity for your [...]
War-torn Ukraine firms get access to London’s financial services in digital trade deal March 20, 2023 The UK has signed a digital trade deal with Ukraine which will help support the country’s economy during the war with Russia and as it rebuilds in the future. Under the deal, Ukrainian businesses will be able to trade more efficiently and cheaply with the UK through electronic transactions, e-signatures, and e-contracts. It will also [...]
First Silicon Valley Bank, then Credit Suisse, and now Signature Bank is bought out for £2.2bn March 20, 2023 New York Community Bank has agreed to buy a significant chunk of the failed Signature Bank in a 2.7 billion dollar (£2.2 billion) deal, the Federal Deposit Insurance Corp (FDIC) said late on Sunday. The 40 branches of Signature Bank will become Flagstar Bank, starting on Monday. This comes after UBS agreed to purchase beleaguered [...]
Traders nervy at FTSE open after Asian bank stocks tank – despite Credit Suisse rescue March 20, 2023 The global sigh of relief at the rescue of Credit Suisse does not appear to have lasted long, with big banks battered in trading overnight in Asia. HSBC and StanChart both took more than a six per cent hit in Hong Kong as investors, already spooked by volatility in banking across the world, took flight. [...]