Households could start switching energy suppliers in bid for cheaper deals as price cap plummets February 15, 2023 Millions of Brits could switch supplier later this year, with the energy market expected to become more competitive as gas prices ease.
Morrisons has credit rating downgraded amid debt concerns February 15, 2023 Morrisons has had its credit rating cut after recording weaker sales and profits. Credit rating agency Moody’s downgraded the UK’s fifth largest supermarket chain as it cautioned that its ability to repay its roughly £7.5 billion of debts had moved to “negative” from stable. It reduced the firm’s existing overall credit rating one rung from [...]
Subway mulls selling business in deal that could be worth over £8bn February 15, 2023 Family owners of sandwich giant Subway are considering a possible sale, in a deal that could be worth as much as £8bn. In a statement, the American fast-food firm said “its shareholders are exploring a possible sale of the company” after 60 years of family ownership, but added there “is no indication of timing or [...]
Nicola Sturgeon quits as Scotland’s First Minister but insists resignation is ‘not a reaction to short-term pressures’ February 15, 2023 Nicola Sturgeon has resigned from her role as first minister of Scotland following a series of political setbacks. Speaking in Edinburgh this morning, Sturgeon said serving as first minister had been a “privilege beyond measure” as she announced her resignation. She confirmed she would stay in office until a replacement had been chosen and indicated [...]
Are house prices really going up? London had lowest change across UK with average in capital now £543,000 February 15, 2023 The average UK house price ended last year £26,000 higher than when 2022 started, although the annual pace of growth in property values is slowing. Property values increased by 9.8 per cent in the 12 months to December 2022, which was weaker than the 10.6 per cent annual growth recorded the previous month. London’s average [...]
City A.M. Awards 2023: Investor of the Year February 15, 2023 Never have markets been more difficult to predict – but even in a tough environment there are gains to be had. It’s those investors that still raise the eyebrows of City professionals in admiration. Elliott Advisors The attentions of Elliott, the $60bn multi-strategy investment fund, are not always courted by corporates but the firm’s track [...]
Crypto traders shrug at latest inflation data February 15, 2023 The price of Bitcoin sits around $22,260 this morning, up by 2% over the last 24 hours while Ethereum is up 3% at $1,556.
City A.M. Awards 2023: Environmental, Social, and Governance Award February 15, 2023 In partnership with ‘ESG’ has never been more in focus than it has been over the past year, with the City going green at pace. But it’s not just about saying the right things, but doing them – and using innovative new products to finance them, too. From big to small, businesses are on the [...]
Explainer: Nicola Sturgeon’s resignation February 15, 2023 Nicola Sturgeon’s surprise resignation and where it leaves the UK electoral map.
City A.M. Awards 2023: Analyst of the Year February 15, 2023 City watchers are more valuable than ever, and these analysts have consistently got the big calls right. We recognise those who put the hard yards in to know their businesses and sectors – and who are willing to go out on a limb. Craig Lowrey bio Dr. Craig Lowrey is a Principal Consultant at energy [...]
