Crypto markets fall as Coinbase and Galaxy Digital turn their backs on Silvergate March 3, 2023 Cryptocurrency markets took a sudden dip overnight as it was revealed industry leviathans Coinbase and Galaxy Digital had ditched Silvergate Capital as their banking partner over concerns about its future.
HS2 could be delayed AGAIN in bid to curb ever-rising costs, project’s CEO says March 3, 2023 The HS2 rail project could be delayed among a number of potential options being considered to curb rising costs, the project’s boss has said. In an interview with the BBC, HS2 chief executive Mark Thurston said the impact of inflation on the project over the past year has been “significant… whether that’s in timber, steel, [...]
Nottingham Building Society says soaring lending ‘aided by higher interest income’ boosted profits March 3, 2023 The historic Nottingham Building Society reported strong pre-tax profits driven by a surge in mortgage lending last year. Founded in 1849, the building society this morning announced group pre-tax profits of £18.9m, with underlying pre-tax profit of £15.2m. Despite the downturn in the housing market in wake of the disastrous mini budget, it said in [...]
‘Google of the property market’ Rightmove shrugs off housing fears to post £241m profit March 3, 2023 Rightmove, the UK’s largest property portal, saw its operating profits rise seven per cent to £241m as the group revealed it was “not materially affected” by the difficult property market. The London-listed company, which lists homes for rent and sale, also saw revenues increase 9 per cent to £332.6m up from £304.9m the prior year. [...]
Top of the class: Virtual learning and adult ‘upskilling’ helps publisher Pearson boost sales to £3.1bn March 3, 2023 Publisher Pearson said sales of its textbooks and virtual learning offerings were boosted by increased demand for online learning, among adults and schools. Sales increased 12 per cent to £3,841m during the full year 2022 compared to £3,428m the previous year. Operating profit in the preliminary results were £271m, compared to £183m in 2021. This [...]
Starmer ally Powell rejects ‘stitch up’ claim: Sue Gray ‘impartial and really good at her job’ March 3, 2023 Labour’s shadow culture secretary has hit back at claims of a “stitch up”, after Partygate investigator Sue Gray joined Keir Starmer’s top team. Lucy Powell described partygate investigator Sue Gray – who plans to join Labour as Sir Keir Starmer’s chief of staff – as “impartial” and “really good at her job”. She told ITV’s [...]
We need a new deal for affordable housing, empowering councils to join forces with private developers March 3, 2023 The current framework for building affordable housing is not working - the shortage is abysmal. We need a new deal between councils and private developers that puts affordability first, writes Jonathan Werran
Instead of talking our economy down, we should commend its resilience over the past year March 3, 2023 If the UK economy managed to avoid two successive quarters of GDP decline last year, it will fight as hard this year. It will also win more easily, writes Savvas Savouri
The resilience of Ukraine’s businesses proves we still understand too little about geopolitical risk March 3, 2023 Contrary to what many believed, Ukraine's businesses are strong in the face of war. They prove geopolitical risk affecting supply chains is more complex than it can look like, writes Chonchol Gupta
Celebrating the Square Mile: Full list of winners at City A.M. Awards 2023 March 2, 2023 The great and the good of the Square Mile gathered for the annual City A.M. awards in the Guildhall on Thursday evening. The winners – drawn from right across the City – were rightly feted, having gone through a rigorous shortlisting and judging process to stand on the stage with host Julia Streets and City [...]
