Exclusive: UK electric car market in top speed as sales jump 186 per cent during pandemic September 27, 2021 Electric car sales in the UK have jumped by 186 per cent to 108,000 in 2020, up from just 38,000 in 2019, according to a new study, shared exclusively with City A.M. this morning. This growth is six times higher than the average sales growth of electric cars globally at 31 per cent in 2020, putting [...]
Rio Tinto investigated by the FCA over claims it misled the market – CityAM : CityAM September 27, 2021 Rio Tinto is reportedly being investigated by the UK’s financial watchdog over claims that it misled the market about a £5bn copper mine in Mongolia. Rio allegedly knew the Oyu Tolgoi mine was running behind schedule and over-budget long before investors were informed, the Daily Mail first reported. The mining giant tried to raise £1.3bn [...]
Ethereum is likely to hit fresh price highs before the end of 2021 September 27, 2021 Crypto AM columnist Nigel Green sets out five reasons why Ethereum could end 2021 on a high.
What China crisis? Crypto markets rally despite Beijing clampdown September 27, 2021 The price of Bitcoin and other leading cryptocurrencies tumbled on Friday, as news spread that China’s central bank had again declared all crypto-related transactions illegal.
Labour to launch taskforce into ‘dirty money’ in the City : CityAM September 27, 2021 Labour will set up a taskforce into “dirty money and ill-gotten gains” that have been laundered in the City of London, Lisa Nandy has announced. The shadow foreign secretary told the Labour party conference this morning that the Taskforce on Illicit Finance will aim to make the UK “the most inhospitable place in the world” [...]
Home buyers paying premium of up to £40k on energy efficient houses – CityAM : CityAM September 27, 2021 Home buyers wanting to settle down in the top energy efficient homes face prices of up to £40,000 more than less sustainable options. Environmentally aware home buyers are willing to pay a ‘green premium’ as homes in all parts of England and Wales sell for a higher price depending on the quality of their energy [...]
Markets: FTSE 100 lifted by Rolls Royce and oil price surge – CityAM : CityAM September 27, 2021 The capital’s premiere FTSE index has been lifted by 0.3 per cent this morning, reaching a high of 7,122.09 points, after oil prices soared. Rolls Royce Holdings led gains climbing by 6.91 per cent after winning a contract from the US Air Force. Brent crude was trading at close to $79 a barrel, helping shares [...]
Bitcoin boom: Hong Kong listed crypto stocks slide in wake of China crackdown – CityAM : CityAM September 27, 2021 Hong Kong listed digital currency stocks have nosedived today following Beijing’s declaration that all crypto payments are illegal. Huobi Global, a crypto currency exchange, saw its share price plummet by 21.87 per cent compared to its previous close price. OKG Technology, a fintech and construction company owned by the founder of crypto exchange OK Coin, [...]
Turkey farmers blame Brexit for labour shortage that would ruin Christmas – CityAM : CityAM September 26, 2021 Brits face the threat of no turkey this Christmas as a result of Brexit and subsequent lack of labour, the Traditional Farm Fresh Turkey Association (TFTA) has warned. While small local farms are unlikely to be impacted, the UK’s supermarkets could see a ‘national shortage’ of turkeys in the run-up to the festive season due [...]
Unilever remote staff must have 24-hour commute to the office – CityAM : CityAM September 26, 2021 Unilever has told its remote workers they must not stray too far from the office and should live within a 24-hour commute. The Dove owner has told employees they must be able to come into the office at a day’s notice if required for an emergency meeting. The company has defined a 24-hour trip as [...]