Royal Exchange owners Oxford Properties sell City gem to Ardent for around £50m October 28, 2022 The owners of the Royal Exchange have sold the City’s retail gem to an Atlanta-based real estate investment firm. The retail element of the neoclassical site – which is home to luxury brands including Tiffany & Co and Hermès – has been snagged by Ardent UK, a subsidiary of its US owner. While Ardent did [...]
Rolex store in Knightsbridge is latest target for Just Stop Oil vandalism campaign October 28, 2022 Rolex is the latest target of Just Stop Oil’s campaign of vandalism with paint sprayed on its Knightsbridge store this morning. The famous watchmaker was set upon by two activists this morning who daubed orange liquid on the glass shop-front. Met Police officers “were quickly on the scene and arrested them on suspicion of criminal [...]
EP: 166 Wetherby, Ascot & Hong Kong October 28, 2022 The Charlie Hall Chase at Wetherby is always a good early season contest – and this year looks like another fascinating renewal. The West Yorkshire Hurdle also takes place there on Saturday. Ascot stages a seven-race jumps card where the London Gold Cup is one of their feature races. City AM Racing editor Bill Esdaile [...]
Government debt continues to balloon as Rishi Sunak promises stability October 28, 2022 Government debt ballooned in the second quarter of this year, making up 101.9 per cent of gross domestic product (GDP). New figures released by the ONS show that gross debt was £2,436.7bn between April and June in the UK. At 101.9 per cent of GDP, this puts the UK 15.5 percentage points above the EU [...]
It’s been a news rollercoaster, yet the crypto tracks have kept a straight course October 28, 2022 Jason Deane runs the rule over a week that has seen an avalanche of news narratives have very little impact on the price of Bitcoin.
October 29th – Punter Podcast Summary October 28, 2022 In our new feature, get all of City AM racing editor Bill Esdaile’s weekend tips in a short, summary episode of the Punter Podcast alongside Chris Barnett. The full weekend preview is also available on the City AM website. The Punter ‘The Punter’ has been City AM’s dedicated sports betting section for over a decade [...]
Airbus raises free cash flow to £3.8bn but supply chain remains ‘fragile’ October 28, 2022 Airbus has raised its free cash flow outlook to €4.5bn (£3.8bn) – up from the €3.5bn previously forecast – due to a strong dollar. In the third quarter, the EU plane maker’s revenue went up 27 per cent to €13.3bn, reaching €38.1bn for the nine months to the end of September. On the other hand, [...]
Premier League eyes £30m NFT deal with Sorare October 28, 2022 The Premier League is weighing up £30m-a-year digital tokens deal with Sorare, as the sport pushes into the world of non-fungible tokens (NFTs). According to reports from Mark Kleinman for Sky News, the top English clubs are set to meet with the French start-up later today to discuss a multi-year agreement. It is understood the deal [...]
Shapps’ shale shutdown: Fracking group ‘frustrated and disappointed’ by U-turn on moratorium October 28, 2022 A fracking advocacy group has said it is “deeply frustrated and disappointed” by a government U-turn reintroducing the moratorium for the practice. Grant Shapps confirmed to Parliament this week the UK would “not support shale extraction” unless science can show “categorically that it can be done safely”. The U-turn on Liz Truss’ decision to lift [...]
Ex Chancellor Hammond criticises Sunak for sluggishness on Crypto October 28, 2022 Former Tory Chancellor Lord Philip Hammond has criticised Rishi Sunak for sluggishness on Crypto regulation. Theresa May’s money man hit out at Boris Johnson’s former chancellor calling on him to turn Britain in to a world leader in Crypto. Speaking to FN, he said he was a “little disappointed” the UK was so “far behind” [...]
