BrewDog in the dock as watchdog bans controversial ‘one of your five a day’ ad December 7, 2022 An ad for BrewDog has been banned over a “tongue-in-cheek” claim that its fruit-flavoured beers constitute “one of your five a day”. An email, dated July 20, featured the subject heading “One of your five a day”, and advertised beers with names that included Lost In Guava, Pineapple Punch, and Lost In Lychee & Lime. [...]
Hunt to present changes to City rules in bid to make London more competitive December 7, 2022 Various media report this morning that Chancellor Jeremy Hunt will later this week unveil a package of financial reforms to relax regulation in the City in a bid to make London more competitive. The measures are likely to include easing the ring-fencing rules on Britain’s biggest banks, which were imposed following the 2008 financial crisis, [...]
Sunak convinces US to double its gas exports to UK to slow sky-high energy bills December 7, 2022 Under fresh plans to clamp down on the rising cost of living across the UK, the government has convinced the Biden administration to double US gas exports to Britain. Prime Minister Rishi Sunak pledged that the new partnership to boost energy security, efficiency and affordability will cut prices for Britons and ensure the UK’s national [...]
Buy-to-let landlords in shock as mortgages skyrocket by record 286 per cent December 6, 2022 Buy-to-let landlords are facing a tougher time securing finance due to a significant reduction in product choice and rising mortgage rates, it has emerged. The debate around rising mortgage rates has so far been centred around the strife facing homeowners and families, but it’s also had an impact on buy-to-let landlords, to the detriment of [...]
Ronaldo close to £172m-a-year Al-Nassr contract: Here are the most expensive sports deals ever December 6, 2022 Cristiano Ronaldo is reportedly close to agreeing to a contract with Saudi Arabian football club, Al-Nassr, in a deal that could see the striker earn £172.9m a year – the most expensive contract ever offered to a sports player. The 37-year-old footballer mutually agreed to terminate his contract with Manchester United this November, after his relationship with [...]
Exclusive: Average start-up loan shrinks to just £142k while volumes drop by half December 6, 2022 The average start-up loan has fallen over 138 percent in the past year to just over £142k, from £339k in 2021., according to new data shared exclusively with City A.M. today. Moreover, the number of startup loans has more than halved compared to 2019. The findings by Purbeck Personal Guarantee Insurance follow a recent British [...]
British farmers warn UK is ‘sleepwalking into crisis as food is under threat’ December 6, 2022 Britain’s union for farmers and growers has warned the UK is “sleepwalking” into a food supply crisis, Ahead of an emergency press conference later today, the National Farmers Union (NFU) said the Government needed to step in to assist primary producers under severe strain from soaring fuel, fertiliser and feed costs. Union president Minette Batters [...]
Today: Latest twist in Prince Harry’s libel battle against Mail on Sunday December 6, 2022 Just two days before Netflix is planning to release a controversial reality series involving the Duke and Duchess of Sussex, the High Court braces itself for the latest hearing in the Duke’s libel claim against the publisher of The Mail on Sunday over an article about the duke’s challenge against the Home Office over security [...]
Oil prices climbing fast as G7 cap of £49 on Russian crude barrel comes into effect December 5, 2022 Oil prices have risen in response to an agreement by the G7 group of nations which came into effect on Monday. Brent crude climbed to more than 86 dollars (£68) in Asia trading as the price of Russian oil was capped at 60 dollars (£49) a barrel. The move is part of increased pressure by [...]
Weekend Spotlight: £82bn in rental properties across UK are occupied by fraudsters and criminals December 3, 2022 Almost 280,000 UK rental properties, with a combined market value of £82bn, are thought to be occupied by fraudsters, City A.M. was told today. The rental market has long been a leading target for fraudsters, criminals, and money launderers. Research estimates that 5 per cent of all rental stock is being let to criminals and the [...]
