House price growth hits highest level since 2004 with record average of £265.3k March 31, 2022 Annual house price growth has increased to 14.3 per cent, from 12.6 per cent in February. According to Nationwide’s house price index, this was the strongest pace since November 2004. The price tag of the average home hit a new record of £265,312, an increase of more than £33,000 in the past year. Prices have [...]
Members of troubled British Steel Pension Scheme win back over £71m in redress March 31, 2022 The UK’s financial watchdog has agreed that former members of the troubled British Steel Pension Scheme (BSPS) will be able to receive £71.2m worth of compensation, as part of long-awaited redress for workers. The Financial Conduct Authority (FCA), which launched a probe for a redress scheme in late December, has found that almost half (46%) [...]
Ed Warner: Commonwealth Games should consider dropping restrictive colonial ties March 31, 2022 This week, Ed Warner argues that the Commonwealth Games must adapt if it’s to survive, ponders English cricket’s leadership vacuum and hopes Russia remains in exile. Depending on your media outlet of choice, Wills and Kate’s Caribbean sojourn was either a triumph of charming diplomacy or another nail in the coffin of empire – as [...]
EnergyTag unveils hourly price certificates to incentivise renewable investment March 31, 2022 EnergyTag has unveiled its framework for reporting the role of renewables in electricity generation to boost investment in the sector.
City Moves: Who’s switching jobs in the Square Mile? March 31, 2022 City A.M.’s Millie Turner provides a roundup of the most important hires and job moves across the City, every morning. Email citymoves@cityam.com to be featured. IMMO Capital London-based residential investment platform IMMO Capital has appointed a new director. Anna Clare Harper, who launched her career at Big Four firm Deloitte, previously co-founded a boutique investment firm focused on the UK’s private rental sector. Supporting co-founder [...]
Unregulated CBD products to be stripped from UK shelves amid new ‘green wave’ March 31, 2022 A list of the first cannabis-based food products allowed to be sold in the UK is to be revealed by the country’s standards watchdog today, City A.M. understands. The UK’s Food Standards Authority (FSA) will publish a list of nearly 5,000 products which will fall under its regulatory wing. After a year of waiting, products [...]
For love nor money: after the clapping stopped, can we fix our health system? March 31, 2022 Derek Greatorex has been a GP for thirty years. He describes the current crisis in general practice as “more significant, deeper and like a runaway train which is heading down an ever-steepening slope to an inevitable crash somewhere ahead”. Patients are feeling it too. Satisfaction with the NHS is at the lowest it’s been in [...]
Investors pile into bets against Cineworld as it tops list of most shorted stocks March 31, 2022 Investors have piled into bets against UK cinema firm Cineworld to make it the UK’s most shorted company, new data has revealed.
As Iceland rows back on palm oil, this is one slippery slope we should start to embrace March 31, 2022 Supermarket chain Iceland announced this week that it had no choice but to go back on a pledge to avoid using palm oil as an ingredient in its own-brand product range. Managing director Richard Walker wrote in a blog post that Iceland could no longer afford to use sunflower oil, the palm oil alternative it [...]
UK techies splash out record £7.16bn on consoles and games March 31, 2022 UK's gamers spent a record amount on video games in 2021, beating the previous high set in the peak of the pandemic.
