Gas prices hit a five-year high, just a day after three more suppliers go bust – CityAM : CityAM September 30, 2021 Gas prices have hit a five-year high today, a day after the UK’s gas crisis pushed three more suppliers to collapse. UK contracts for next month rose above 238p per therm, while wider European natural gas and power prices also touched new records. It comes as Rishi Sunak is set to announce £500m in grants [...]
Exclusive: Many finance leaders in the City have zero faith in Net Zero targets September 30, 2021 With COP26 just around the corner, there’s a pessimistic outlook among many UK financial services business leaders about hitting targets, with more than one in four believing the sector won’t hit Net Zero by 2050. Over a third of this group say there is simply insufficient global support to make the UK financial service sector [...]
Can Bitcoin style validation solve financial statement fraud? September 30, 2021 Jason Meyers, inventor of Auditchain Protocol addresses the question of how a Bitcoin-style validation could solve financial statement fraud.
Small businesses will bear the burden of climate costs and reap few rewards – CityAM : CityAM September 30, 2021 Climate is Covid on steroids, so says Mark Carney, the former Governor of the Bank of England. While the world has grappled with, and seemingly started to defeat, this coronavirus pandemic, the next challenge is going to be even harder. The upcoming Cop26 conference in Glasgow is a bellwether moment for the fight against global [...]
COP26: Standardising climate reporting could slash pension scheme cash burden September 30, 2021 Standardising climate-related reporting could “considerably” slash the cash burden for pension schemes, the Work and Pensions Committee has said. Calling on the UK to up its leadership on fossil fuel-investing pension funds ahead of COP26, the Committee has urged the Government to encourage other countries to make their local pension schemes disclose their climate-related financial [...]
All aboard: Searches for homes near London stations soar – CityAM : CityAM September 30, 2021 The rush back to the office has inspired a jump in searches for homes close to London stations that give them a quick commute into the City. House hunters were keen to have speedy access to Central London, as the momentum behind the office return ramped up, according to data from RightMove, shared with CityAM. [...]
Exclusive: London remains by far the UK’s hottest property investment spot but rural areas on the rise September 29, 2021 London remains the primary focus among UK property investors, according to new research shared exclusively with City A.M. today. Among those planning on purchasing a property in the next 12 months, London emerged as the UK’s leading investment hotspot, with 40 per cent considering investing in the capital, FJP Investment found. Behind London, the West Midlands [...]
Patel to delay Mike Lynch extradition as she pauses US fraud charges September 29, 2021 The Home Office has delayed the extradition of British businessman Mike Lynch, which means he will temporarily avoid a string of fraud charges in the US. Lynch, who founded software firm Autonomy, is reportedly allowed a two month reprieve on his charges of 17 counts of fraud from US prosecutors relating to Automony’s billion-pound sale. [...]
Cryptocurrency markets struggle again as debt ceiling deal fails September 29, 2021 The prices of Bitcoin and other major cryptocurrencies are largely flat over the last 24 hours, though still down slightly from before Friday’s news about China.
Spoilt for choice: Mortgage deals below 1 per cent skyrocket 400 per cent in just three months September 29, 2021 Mortgage deals with rates below 1 per cent have skyrocketed by more than 400 per in the last three months, according to new research. In June, just 10 deals with rates below 1 per cent were available, MoneySuperMarket found. But by September, there were 50 mortgage products on the market with rates below 1 per [...]