More misery for retail as footfall slips to lowest level since pandemic on wet weather and strikes March 1, 2024 Unpredictable British weather has yet again been blamed for hurting trade on UK high streets. According to a report by the British Retail Consortium (BRC), footfall recorded in February slumped to the lowest since the pandemic, falling 9.3 per cent against a 2.3 per cent decline the prior month. Some 23mm of rain fell across [...]
Coinbase experiences crash as trading volumes continue to surge March 1, 2024 Each day, Coinrule will run through the state of the digital assets market for Blockbeat, your home for news, analysis, opinion and commentary on blockchain and digital assets It looks like retail traders are finally joining the crypto party. Coinbase app downloads are one of the key indicators for retail interest in Crypto. Downloads have now propelled [...]
Moving markets: Five things shaping the FTSE 100 today March 1, 2024 Both the Nasdaq Composite and S&P 500 reached record highs, while the Nikkei also hit a new peak. However, China's manufacturing activity slowed for the fifth straight month. Oil prices surged amid Gaza deaths, complicating ceasefire talks. All eyes are on global factory PMI data.
Old Masters tops list of best-performing arty assets – but luxury prices edged down February 29, 2024 All of the gains in art prices came in the first half of the year, with values sliding significantly later on, according to AMR’s All-Art Index.
The super-rich are getting richer, again – and millennials are leading the way February 29, 2024 The number of wealthy Brits rose in 2023, more than reversing the decline reported post-pandemic in 2022. Ultra-high-net-worth individuals (UHNWIs) – classed as those with over $3m in net wealth – increased in the UK from 601,300 to 626,619 on global economic growth and easing interest rates, according to the Wealth Report by Knight Frank. “The improving interest rate [...]
Sainsbury’s to cut 1,500 jobs and invest in automation to reduce costs by £1bn February 29, 2024 Supermarket giant Sainsbury’s has said it plans to cut some 1,500 jobs as part of efforts to reduce costs by around £1bn per year.
Spring Budget 2024: Hunt set to unveil Natwest government share sale aiming to raise up to £4bn February 29, 2024 Chancellor Jeremy Hunt is set to unveil more details on the government's plan to sell its shares in Natwest to retail investors at next week's Spring Budget, alongside wider reforms to boost UK capital markets activity.
Serco chief commits to London listing and says global ‘complexity’ likely to hike demand February 29, 2024 Outsourcer Serco's chief exec believes a world of growing "complexity" is likely to stimulate demand for the contractor's solutions, he told City A.M. this afternoon
Outernet: Meet the man behind London’s biggest tourist attraction – and maybe the future of advertising February 29, 2024 Outernet's arrival in the West End has transformed one corner of Charing Cross Road - and become a global hub for cutting-edge advertising. Boss Philip Boucher O'Ferrall shows City A.M. around.
London climbs to second in Schroders Global Cities index February 29, 2024 London has climbed to second in the Schroders Global Cities index, after falling from the top spot last year. The index, which ranks cities based on economic, environmental, innovation and transportation factors, aims to identify the top cities in the world for business. San Francisco took the number one spot for the second year in [...]