Total UK housing wealth breaches £7 trillion for first time amid ‘race for space’ February 27, 2023 Net UK housing wealth exceeded £7 trillion for the first time last year, according to calculations from an estate agent. The total value of UK homes reached £8.68 trillion at the end of 2022, Savills said. With outstanding mortgage debt standing at £1.66 trillion, according to Bank of England records, Savills calculated that net housing [...]
Five New Ways We’re Doing Hybrid Work February 27, 2023 We’ve come a long way since March 2020. Most workers will easily recall the day they were told to pack up their laptops and work from home for the foreseeable future. The Covid-19 pandemic revealed many companies were not prepared for remote working, and led to a whirlwind of uncertainty. The workforce adapted quickly. In [...]
Sir Bernard Ingham press secretary to Margaret Thatcher dies age 90 February 24, 2023 Sir Bernard Ingham, the long-standing press secretary to Margaret Thatcher, has died after a short illness, his family said. The former reporter, who was 90, died with his family around him on Friday lunchtime, a statement said. His family described him as a “journalist to his bones” and he continued to file a column for [...]
The cost of living, Will Smith and the future of Wasps and Worcester: This week’s best read stories on City A.M. February 24, 2023 The rising cost of living and its implications dominated this week’s best read list, along with UCL researcher Rosie Collington’s challenge to the consultancy sector and One: Lloyds Bank’s profits to help cushion customers’ rising cost of living Lloyds Bank’s announcement that its profits are to be held back to help with the cost of [...]
‘Multiple’ Lord of the Rings films officially being made 20 years after Peter Jackson trilogy February 24, 2023 We’re going back to Middle Earth: the first new Lord of the Rings films in 20 years are being made, it has been confirmed. Warner Bros has confirmed new feature films are in the making, 20 years after Peter Jackson wrapped the epic trilogy that broke box office records, making $2.9 billion (£2.41 billion) at [...]
Tingo, TAE Power Solutions and EVTEC Energy sign partnership agreement that will create more than 12,000 jobs February 24, 2023 Tingo International Holdings Inc, TAE Power Solutions Engineering Limitied, and EVTEC Energy PLC have announced a partnership that will see the construction of Africa’s first net-zero solar power plant. The triumvirate of companies will collaborate to develop a 110MW solar power plant, providing a sustainable energy source for Tingo’s Special Agro-Industrial Processing Zone (SAPZ) driven [...]
Pensions better than property? And, how a nudge might make you wealthier in later life February 24, 2023 The property boom of the last few decades has given rise to the idea of a home not just as a castle, but as bonafide crock of gold which can be used as an alternative to a pension. Pension provider Standard Life has carried out research that shows how different generations are answering the age-old [...]
EP: 183 Kempton, Newcastle & Hong Kong February 24, 2023 With three Grade 2 races and a competitive Handicap Chase, all eyes will be on Kempton this Saturday, plus there’s the annual Eider Chase at Newcastle to look forward to. Plus a brilliant interview with trainer Milton Harris who has four runners at Kempton. City AM Racing editor Bill Esdaile previews the best of Saturday’s [...]
February 25th – Punter Podcast Summary February 24, 2023 You can now hear all of City AM racing editor Bill Esdaile’s weekend tips in a short, summary episode of the Punter Podcast alongside Chris Barnett. The full weekend preview is also available on the City AM website. The Punter ‘The Punter’ has been City AM’s dedicated sports betting section for over a decade with [...]
Bitcoin adoption will happen at its own speed February 24, 2023 Jason Deane rounds up the week with some reflection on his recent visit to El Salvador - the land of Bitcoin.