Weekend Read: What are London’s property hotspots? January 29, 2022 Which London boroughs have been the busiest housing markets in the past 12 months when it comes to the number of homes sold as a percentage of all private dwellings within each borough? On an individual borough-by-borough level, the busiest area n 2021 in London was Havering, according to data shared with City A.M. this [...]
Westminster committee backs du Plessis as new audit watchdog chair January 28, 2022 UK law makers have endorsed the appointment of former BT boss Jan du Plessis as the new chair of the UK's audit watchdog.
Ex-Deutsche Bank traders have Libor convictions overturned January 28, 2022 A US court has thrown out convictions of two former Deutsche Bank traders for rigging Libor, a key financial benchmark.
Businesses brace for insolvency storm as Covid aid winds down January 28, 2022 Over half a million UK businesses are struggling financially amid soaring inflation and the rollback of government Covid-19 support.
New Klarna valuation drives £117m payout to Jupiter Asset Management January 28, 2022 Managers and two stockpickers at Jupiter Asset Management reportedly received a £117m payout after giving Klarna an inflated valuation.
200 Post Offices vanished within last wo years as two branches close for good every week January 28, 2022 New research shared with City A.M. this morning shows that more than 200 Post Offices have closed in the last two years, the equivalent of two a week. The study also found that 1,291 Post Offices are currently deemed “temporarily closed”, but more than half of these have been shut for more than two years, [...]
Young investors plan to go all in on crypto despite crash fears January 27, 2022 Young investors plan to pour more of their savings into digital assets this year despite worries about a crypto market crash. Approximately 56 per cent of investors between the ages of 18 and 34 have plans to increase their holdings in digital assets in 2022 despite many expressing concern about a crypto market crash, according [...]
Post-Brexit boost for the City as London takes top spot in global financial powerhouse rankings January 27, 2022 London continues to hold the top spot for financial and professional services in terms of overall offer when compared to other global destinations, including New York, Singapore, Hong Kong, Paris and Frankfurt, according to new figures published this morning. London received an overall competitiveness score of 61, followed by New York (58) and Singapore (53). [...]
Facebook scraps crypto ambitions with $200m sale of Diem assets January 27, 2022 Facebook's digital currency venture Diem is reportedly winding down and selling off its tech to California-based Silvergate Capital.
St James’ Place boosts inflows by £4.69bn in latest quarter January 27, 2022 Wealth manager St James' Place has beaten expectations, ending the year with a record £154bn of assets under management.
