UK house price growth slows to 10 per cent as energy crisis batters Brits September 1, 2022 Annual UK house price growth slowed to 10 per cent in August, from 11 per cent in July.
City Moves: Who’s switching jobs in the Square Mile? September 1, 2022 City A.M.’s Millie Turner provides a roundup of the most important hires and job moves across the City, every morning. Email citymoves@cityam.com to be featured. QuadReal QuadReal Property Group has appointed a Deutsche Asset Management lead as its vice president of research and strategy. Farhaz Miah is set to oversee research across UK and European markets. Reporting to executive vice president Rosemary [...]
Liz Truss or Rishi Sunak face once in a century living standards crisis September 1, 2022 Liz Truss or Rishi Sunak are set to oversee the steepest fall in living standards in a century after one of them enters Number 10 next Monday, a fresh report published today reveals. Brits are on course to be £3,000 worse off by the end of 2024 as soaring energy bills and inflation eat into [...]
‘Significant barriers’ hampering digital trade, City of London warns September 1, 2022 Post-Brexit trade deals have left “significant barriers” in place that are hampering digital trade to and from the UK, the City of London corporation warned today.
Nigerian fintech Moove brings 10,000 EVs to Uber’s UK fleet September 1, 2022 Nigerian mobility fintech Moove will bring 10,000 electric vehicles (EVs) to Uber’s fleet as part of its EU expansion. Moove will enable Uber London, which is already the greenest city on the platform with 6,000 EVs – to become all-electric by 2025. Founded in 2020 to expand access to vehicle ownership in Nigeria, the fintech [...]
Modernising UK’s payment infrastructure could boost economy by £3.27bn, key report says September 1, 2022 Modernising the country’s payment infrastructure could boost the UK economy by almost $3.8bn (£3.3bn), a report issued today has claimed. An in-depth study by Global Data, the Centre for Economics and Business Research (CEBR) and ACI Worldwide, shows the UK’s GDP would hugely benefit if it upgraded its ageing payments infrastructure and increased real-time payments [...]
Jacob Rees-Mogg picked as ‘favourite’ for business secretary by Truss August 31, 2022 Jacob Rees-Mogg has been pinned as the favourite for business secretary by Liz Truss, as the Conservative leadership race reaches its final stretch. Sources close to Truss told The Financial Times that Rees-Mogg is the frontrunner for the job, saying his economic views were in line with hers. Truss is anticipated to emerge victorious against [...]
Accounting sector veteran Pauline Wallace named UKEB’s first permanent chair August 31, 2022 Accountancy sector veteran Pauline Wallace has been named as the first permanent chair of the UK Endorsement Board (UKEB). The former PwC partner will start her three-year term as head of the body set up to ensure the UK complies with international accounting standards on 11 September 2022. Following Brexit, the UKEB was set up [...]
Employment lawyer admits making unwanted sexual advances towards junior colleague August 31, 2022 A senior employment lawyer has agreed to stop practicing as a solicitor, after he admitted making unwanted sexual advances towards a junior colleague. Ronald Stephen Simms, a former partner at UK national law firm Capsticks, agreed to remove himself from the roll of solicitors, after admitting to placing his hand on a junior colleague’s thigh [...]
World’s largest wind farm launched off Yorkshire coast August 31, 2022 Ørsted has launched the world’s biggest fully-operation wind farm, 89km off the Yorkshire coast. The launch of the 1.3 GW Hornsea 2 project has seen Ørsted break its previous record, which the Danish firm previously set by launching its 1.2 GW Hornsea 1 windfarm in 2019. Ørsted’s UK chief Duncan Clark said the Hornsea 2 [...]