S&P Dow Jones Indices launches crypto indexes May 4, 2021 The S&P Dow Jones Indices, a division of financial data provider S&P Global, today said it had launched cryptocurrency indexes. The S&P Bitcoin Index, S&P Ethereum Index and S&P Crypto Mega Cap Index will measure the performance of bitcoin, Ethereum and digital assets. The move to measure each space was originally announced in December last [...]
Mayor of London election: Where do the major candidates stand on transport? May 4, 2021 With the 6 May mayor of London election now just weeks away, City A.M. is producing a four-piece series on where the four leading candidates stand on different issues. Today, we look at the transport policies of the candidates from Labour, the Conservatives, the Green Party and the Liberal Democrats. Sadiq Khan Khan said he [...]
Drinking around the world: The Corsican wine loved by Napoleon May 4, 2021 Napoleon, the son of an Ajaccio winemaker on the Granite island of Corsica, died two hundred years ago this week. Films portray Corsica as a place of scrubland, beaches, vendettas and banditry, while cookery shows spotlight the island’s world-beating urchins, “figatelli” smoked chestnut sausage, cured hams and ripened brocciu cheese. But they ignore the excellent [...]
History is pointing to the dawn of a new age with Bitcoin May 4, 2021 Bitcoin is facilitating a transformation of wealth as uptrends in the price of stocks, commodities, and real estate fuel the gap between rich and poor.
Digital ad firm Dianomi plots £70m London stock market float May 4, 2021 Digital advertising firm Dianomi today unveiled plans for a stock market float in London, marking another boost to the City’s booming initial public offering (IPO) scene. Dianomi, which specialises in paid content for financial services clients, is targeting a £70m valuation and aiming to raise £25m through listing on London’s Aim market this month. The [...]
Sir Martin Sorrell: ‘Chickens will come home to roost’ with post-Covid tax hikes May 4, 2021 Tax rises are inevitable in order to tackle spiralling pandemic-driven public debt across the world, Sir Martin Sorrell has warned. The S4 Capital advertising mogul told City A.M. that while he expected strong economic growth this year and in 2022, “at some point the chickens do have to come home to roost”. Sorrell said he [...]
Capital exports: London should have its own diplomats in every UK embassy to make Britain truly global May 4, 2021 British embassies around the world run the whole gamut. From No. 35, rue du Faubourg Saint-Honoré to Level 19 of the Shangri-La Offices in Ulaanbataar, they look different but all have the same purpose: to maintain and develop relations between the UK and the host country. That can mean a multitude of different things in [...]
UK banks provided over $50bn in financing for coal-exposed firms from 2018 to 2020 May 4, 2021 The UK’s biggest banks provided $56bn worth of financing for firms involved in the coal industry between 2018 and 2020, new research today has found. Of the top five banks exposed to the sector, Barclays provided by far the most financing to firms on the Global Coal Exit list, with $27bn. HSBC and Standard Chartered [...]
Made.com doubles London warehouse space with new 350,000 sq ft site, creating 100 jobs May 4, 2021 Online retailer Made.com has announced it will more than double its London warehouse space to meet consumer demand for furniture and homewares. The 350,000 sq ft distribution centre at London Gateway Logistics Park in Tilbury is part of Made’s growth plans and will create up to 100 new jobs. The development, which will be completed [...]
Coronavirus accelerated cryptocurrency growth May 4, 2021 The Covid-19 pandemic has accelerated growth in the retail cryptocurrency market by at least five years, finds a report by Ziglu.
