The Notebook: Victoria Scholar on falling house prices, global travel’s acceleration and Netflix’s Sackler drama August 22, 2023 Today, Victoria Scholar, head of investment at Interactive Investor, takes the City A.M. notebook pen The only thing being built is negative momentum Rising interest rates, high inflation and the cost of living crisis are starting to take a serious toll on the UK housing market. Just this week, data from Rightmove pointed to a [...]
Complacent or cautious? City grandees divided on Government’s Square Mile cheerleading August 22, 2023 City grandees are divided about the pace and scope of the government’s reforms to capital markets, as pressure grows to boost the UK’s financial hub quickly. Responding to growing concerns around the state of London’s capital markets, the government has launched a slew of reviews designed to reinvigorate the City. City minister Andrew Griffith claimed [...]
London SMEs committing over half of annual revenue to tech investment, data reveals August 22, 2023 London’s small and medium-sized enterprises (SMEs) are ramping up their tech budgets, allocating over half of their annual revenue to technology investments, according to a report by Barclays. In the capital, SMEs are directing an average of 54 per cent of their annual revenue to technology investments, such as data analytics and artificial intelligence tools, [...]
Retailers urge UK to issue food security plan after last ammonia plant shutters August 22, 2023 The government must come up with a long-term strategy to protect food supplies after the closure of the the UK's last remaining ammonia plant.
Ripple Energy unveils record £20m-plus fundraiser for new solar farm August 22, 2023 Ripple Energy has raised over £20m for its new solar farm, the largest amount generated by a co-op for a single green energy project.
FTSE 100 bosses got a £500,000 pay hike last year – but guess who got paid the most? August 22, 2023 The salary of FTSE 100 chief executives surged by 16 per cent in 2022, according to new figures out today. The figures, collated by think tank the High Pay Centre (HPC), revealed the median pay for the bosses of the UK’s top 100 firms reached £3.91m in 2022, a £500,000 jump from £3.41m in 2021 [...]
Individual climate action is rendered meaningless if the big polluters – like HGVs – roll on August 22, 2023 Like a ropey old pullover, pulling at the threads of Britain’s net zero efforts can sometimes do more damage. Take our roads, for instance. Over the past decade – in truth the past two or three years – even the country’s most committed petrolheads have come round to the idea of electric cars. Our black [...]
Bring WhatsApp out of the dark and make MPs messages part of the lobbying register August 22, 2023 Successive lobbying scandals have eaten away at our faith in our politics and elections, all messages whether that be on WhatsApp or by owl-post, should be subject to lobbying rules, writes Alastair McCapra. After a seemingly never-ending string of scandals, lobbying is back on MPs’ agendas with both the government and the opposition proposing measures [...]
Could hydrogen trucks power up Britain’s push to net-zero? August 22, 2023 Getting the trucking industry to net zero will come with a cost, if it gets there at all
Bitcoin and Ethereum virtually unmoved since yesterday, but the bruises are starting to show August 21, 2023 Although holding steady for 24 hours, Bitcoin is down 11% over seven days while Ethereum has dropped by 9% over the same period.
