Look inside: London’s smallest flat sold at auction for £90,000 February 24, 2022 London’s smallest flat sold at auction on Wednesday for £90,000, well above the guide price for the 75 sq ft property. Located on Saratoga Road, Hackney, the property – images of which were shared around Twitter in the days before the auction – sold for 20 per cent over its guide price of £75,000. The [...]
German politicians rule out new gas contracts with Russia amid spiking gas prices February 24, 2022 German politicians rule out new gas contracts with Russia, following the country's invasion of Ukraine, with gas prices spiking amid supply fears.
Lloyd’s of London chairman to helm TheCityUK’s leadership council February 24, 2022 TheCityUK has appointed the chairman of Lloyd’s of London to the helm of its leadership council. Bruce Carnegie-Brown, an insurance broker and also vice chairman of Banco Santander, will head the forum that hauls in financial and professional services figureheads to develop the organisation’s strategy in the City. Succeeding Sir Adrian Montague, who will step [...]
Gold surges as investors seek steady ground following Russian invasion of Ukraine February 24, 2022 Gold and palladium prices surged this morning as investors looked for steady ground in a morning which saw global equity markets plunge after Russia invaded Ukraine. Gold climbed 3.4 per cent to $1,971.54 per ounce by 11:40 GMT, the highest since September 2020. U.S. gold futures jumped 2.4% to $1,956.00. “Investors are diverting investments from [...]
War in Europe: World leaders react to Russia’s invasion of Ukraine February 24, 2022 Western world leaders have been united in their condemnation of Vladimir Putin’s decision to invade Ukraine this morning, with Nato countries preparing to implement a tough package of sanctions against Russia. Boris Johnson this morning said Putin’s invasion was a “a catastrophe for our continent”, with the Prime Minister set to make an address at [...]
Studio Retail plunged into administration as 1,400 jobs in the lurch February 24, 2022 Some 1,400 jobs have been threatened as online retailer Studio Retail has formally appointed administrators. The value retailer, whose largest shareholder is Mike Ashley’s Frasers Group, has formally appointed Teneo as administrators, The Times newspaper has reported. Studio suspended its shares last week and said HSBC rejected its request for a short-term £25m working capital [...]
Storm-damaged O2 will reopen this week but the hole will be there for some time February 24, 2022 The O2 will reopen on Friday, after being damaged during stormy weather last week, however the hole will remain visible for some time. The canvas roof of the music venue was ripped to pieces when Storm Eunice saw the country battered with strong winds. Following safety checks, the O2 music arena will reopen to visitors [...]
Letters: Donald Trump’s truth or dare February 24, 2022 [Re: Trump’s new social media platform tops Apple app store, Feb 21] Donald Trump’s “Truth Social” app has launched and has trajected itself to the top of the app store through the power of curiosity. This momentary blip of interest will likely be followed by challenges. The app is a thinly-veiled replica of Twitter rather [...]
Crypto an ‘enemy of its own success,’ warns former MI6 chief February 24, 2022 Former MI6 chief Sir Alexander Younger has warned that crypto could face a crackdown as states impose sanctions on Russia.
Booming mortgage lending swings Co-op Bank back to profit February 24, 2022 A sharp rebound in mortgage lending amid a rampant UK housing market swung Co-operative Bank back to profit last year, the bank announced today. A near three-fold increase in net mortgage lending pushed profits at Co-op Bank to over £30m, up from a £103.7m loss in 2020. An ultra-low interest rate environment stoked demand in [...]
