Exclusive: London remains by far the UK’s hottest property investment spot but rural areas on the rise September 29, 2021 London remains the primary focus among UK property investors, according to new research shared exclusively with City A.M. today. Among those planning on purchasing a property in the next 12 months, London emerged as the UK’s leading investment hotspot, with 40 per cent considering investing in the capital, FJP Investment found. Behind London, the West Midlands [...]
Spoilt for choice: Mortgage deals below 1 per cent skyrocket 400 per cent in just three months September 29, 2021 Mortgage deals with rates below 1 per cent have skyrocketed by more than 400 per in the last three months, according to new research. In June, just 10 deals with rates below 1 per cent were available, MoneySuperMarket found. But by September, there were 50 mortgage products on the market with rates below 1 per [...]
Shareholder backlash forces Foxtons to review bonus policies September 29, 2021 Property giant Foxtons said this morning it plans to review its bonus policies after facing a backlash from shareholders who said they were too generous. Investors showed their fury at the company at its annual shareholder meeting in April with just under 40 per cent voting against an almost £1m bonus for its chief executive [...]
Let’s talk Aviva: Smaller but richer insurance firm is looking to grow again September 29, 2021 It has been an interesting couple of months for insurance firm Aviva. The City giant sacked its fund manager and was dragged into a leasehold agreement affair it had hoped to avoid. Nevertheless, following a year of cutting costs and selling foreign assets, Aviva feels confident about the future. The company is firmly on investors’ [...]
Exclusive: ‘Petrol anxiety’ fuels interest in electric cars, says Auto Trader exec September 29, 2021 Since panic buying of fuel started at the end of last week, there has been a significant increase in interest in electric vehicles. Searches for used EVs increased by over 60 per cent versus the previous weekend, according to Auto Trader, by far the UK’s largest automotive marketplace. “The events of the past few days [...]
Exclusive: 300 UK financiers provide £40bn in deforestation funds, claims WWF September 29, 2021 Around 300 City and UK-based financiers are directly providing £40bn in funding to companies that threaten Brazilian and Indonesian rainforests, according to nature charity WWF. The funding is provided through both investments and loans, the organisation told City A.M. in an email. Most of the companies are involved in the production of beef, palm oil, [...]
Return of commuters gives Upper Crust owner SSP much-needed sales boost September 29, 2021 Upper Crust owner SSP has seen a boost in sales at its travel stores but is still far below pre-pandemic levels, the company said this morning. Bosses said there was a significant improvement in the past three months as lockdown restrictions ease, but they remain around just 47 per cent of pre-pandemic levels. The company [...]
Time running out for Morrisons sale as suitors have until Saturday to submit final bids September 29, 2021 Suitors for Morrisons have until Saturday to make final bids for the supermarket as the stock market’s Takeover Panel announced the launch of an auction process this morning. Private equity houses Fortress and Clayton, Dubilier & Rice (CD&R), who have both made non-binding bids, will now take part in an auction which launches on October [...]
Schoolboy recording with The Beatles’ John Lennon and Yoko Ono fetches $75k at Danish auction September 29, 2021 A never-released-before cassette tape with an interview of John Lennon and Yoko Ono was sold at auction at Bruun Rasmussen Auctioneers last night. The recording was made during the couple’s winter visit to Thy in Northern Jutland in 1970. On the 33-minute recording, a conversation between the famous couple and four 16-year-old Danish schoolboys can [...]
007 verdict is in: No Time To Die is spectacular final outing for Daniel Craig’s James Bond September 29, 2021 The critics widely agree this morning that the pandemic-delayed film was well worth the wait, while Daniel Craig has described the final cinematic journey of his James Bond as “spectacular”. The blockbuster’s stars including Craig, Lea Seydoux and Lashana Lynch joined with a quartet of leading royals, celebrities such as Stormzy and young US Open [...]
