City sitdown: Private equity should learn to be more emotional, argues City grandee October 5, 2022 Whether you like it or not, private equity is a significant part of the UK economy and accounts for almost 50 percent of all deal value, double the level from just five years ago, according to a recent deal analysis from PwC. Its fingerprint has been all over household names including Asda, the AA, Morrisons and [...]
Services economy stalls as UK ‘drifts’ toward recession October 5, 2022 Britain’s all important services economy is stagnating, driven by consumers cutting spending in response to soaring inflation, a closely watched survey out today shows. S&P Global and the Chartered Institute for Procurement and Supply’s (CIPS) purchasing managers’ index (PMI) fell to 50 last month from 50.9 in August. The reading means the UK services economy [...]
UK exports to Ireland reach record highs despite Brexit trade frictions October 5, 2022 UK exports of goods to Ireland have now posted consecutive monthly records in June and July, according to fresh data shared with City A.M. this morning. Analysis of the latest government trade data shows £2,861m and £2,693m worth of goods travelled into Ireland through the two months respectively, as trade with the UK’s closest neighbour [...]
Home owners at risk of house price crash with London properties facing record value drop of £93k October 5, 2022 Should the market decline at the same rate as the 2008 financial crisis, as predicted by some analysts last week, it could wipe almost £54,000 from the value of the average property in Britain, according to new data shared with City A.M. this morning. The research shows that the average house price across Britain fell by [...]
Quantum investments buoyed by government interest despite shaky markets October 5, 2022 Investments in quantum startups have been buoyed by increasing government support worldwide, despite a worsening economic climate, the boss of the UK’s only listed quantum investor has said today. The London-listed fund, which floated at the end of 2021, has also seen a “significant” uptick in the quality and number of potential investee companies coming [...]
Ukraine recaptures strategic territories in south and east as pressure mounts on Putin’s army October 5, 2022 Ukrainian forces continued to make massive gains across the south and east this week, liberating a number of key villages and putting increasing pressure on President Putin’s army. In his Tuesday evening address, Ukraine’s President Volodymyr Zelensky said the villages of Lyubymivka, Khreshchenivka, Zolota Balka, Bilyaivka, Ukrainka, Velyka Oleksandrivka and Mala Oleksandrivka had all been [...]
Utilita Energy rolls out tips for households to cut energy bills October 5, 2022 Utilita has rolled out workshops offering tips to help households save money on their energy bills this winter.
Wednesday from hell for millions of Brits as rail strike gets underway October 5, 2022 Millions of train travellers brace themselves for major chaos today due to another strike in the long-running dispute over pay, jobs and conditions. Members of the drivers’ union Aslef and the Transport Salaried Staffs Association (TSSA) will walk out, causing huge disruption to services with millions of Brits expected to work from home. Aslef general [...]
Truss eyes up new limits to public sector strike action October 5, 2022 As another day of train strikes begins from Aslef, Liz Truss is reportedly planning measures to curbs mass walkouts. As reported by The Times, the prime minister is considering a radical extension of laws that ensure a minimum service during rail strikes, which she hopes could apply across the public sector. It said business secretary [...]
LondonMetric pivot towards city logistics and away from ‘big box’ retail pays off October 5, 2022 LondonMetric Property’s pivot towards city logistics spaces and away from “big box” retail parks has bolstered recent earnings and also netted the investment trust £111.4m in disposals cash. The real estate investment fund has undergone a shift into “well located long income assets” in the six months to 30 September, just as the urban logistics [...]