Barclays on the hunt for Chinese banking partner to enter $4.3tn asset management market July 14, 2022 Barclays is on the hunt for a Chinese Banking partner as it looks to grow its footprint into the Chinese asset management market, according to reports today.
Ashmore assets plunge $14bn as investors pull cash July 14, 2022 Specialist emerging markets manager Ashmore revealed the value of its assets under management plunged $14.3bn in the second quarter as war in Ukraine and rising interest rates caused investors to pull back sharply.
Rents in London grow at fastest rate ever of any UK region hitting record £2,257 per month July 14, 2022 London rents have grown at the fastest ever rate out of any region in the UK, according to new research today, as prices hit a new record. The cost to rent a property in the capital has jumped by 15 per cent in the past year, hitting an average of £2,257 per month. Demand [...]
Slump in trading: Turnover of a quarter of ALL British companies dropped last month, ONS reveals July 14, 2022 Almost a quarter of UK firms have revealed a slump in trade over the past month as cost-of-living pressures continue to bite, according to new figures. The Office for National Statistics (ONS), in its latest fortnightly business survey, found 24% of companies said their turnover dropped in June compared with May. It comes as half [...]
EV marker Arrival to axe 800 jobs globally due to market volatility July 14, 2022 UK-based electric vehicle (EV) maker Arrival is set to axe 800 jobs globally as it continues to feel the pinch from the ongoing economic volatility. Approached by City AM, Arrival declined to comment on the number of UK workers that would be impacted as the company’s employees are scattered mainly across Britain, the US and [...]
Sky Sports pays more than £880m to extend broadcast deal with England cricket chiefs July 14, 2022 Sky Sports has agreed a four-year extension to its current deal as the main broadcast partner of the England and Wales Cricket Board (ECB). The ECB said the agreement, which runs from 2025 to 2028 and covers men’s and women’s internationals, The Hundred and the Vitality Blast, would see Sky show more cricket than ever [...]
First Property Group wins nearly half a million in unpaid rent from H. Samuel operator July 14, 2022 London property fund manager First Property Group has won nearly half a million in rent arrears from the operator of H. Samuel and Ernest Jones, after the jewellers withheld payment during pandemic restrictions. First Property recovered £450,000 from retail operator Signet Trading, in the first known arbitration under the Commercial Rent (Coronavirus) Act 2022. Gary [...]
Kevin Spacey pleads not guilty to accusations of sex offences July 14, 2022 Kevin Spacey pleaded not guilty to accusations of sex offences dating back almost 20 years in a London court on Thursday.
Branson backs London fintech Lightyear in $25m round July 14, 2022 Richard Branson has thrown his weight behind London fintech firm Lightyear today in a $25m funding round that has fuelled the firm’s expansion into Europe.
War for talent and skyrocketing wages push fees at job giant Hays to record levels in 15 countries July 14, 2022 Recruitment giant Hays said this morning the company is benefiting from higher wages around the world as it sets up potential candidates with jobs in industries. Job numbers have been strong, leading to increased competition from companies for workers, and helping to push up pay – although often not by enough to offset runaway inflation. [...]