Watch LIVE: Russian President Vladimir Putin address his nervous nation with no victory in Ukraine in sight May 9, 2022 Russian President Vladimir Putin has addressed his nation in Moscow as millions of Russians are desperate to hear what the leader’s next move will be in Ukraine. While the president speaks, Russian forces have pushed forward in their assault on Ukraine, seeking to capture the crucial southern port city of Mariupol as Moscow prepared to [...]
Londoner rushed to St Thomas hospital and put in isolation after catching extremely rare Monkeypox virus May 9, 2022 UKHSA has confirmed to City A.M. that a Londoner has been diagnosed with monkeypox. “The patient has a recent travel history from Nigeria, which is where they are believed to have contracted the infection, before travelling to the UK,” the agency wrote in an email. “The patient is receiving care at the expert infectious disease [...]
Cabinet not united: Minister Kit Malthouse breaks ranks and calls on Chancellor Rishi Sunak to cut taxes May 9, 2022 The government’s Minister of State for Crime and Policing Kit Malthouse has called on the chancellor, Rishi Sunak, to cut taxes as soon as possible. The Chancellor should roll out plans to reduce taxes to tackle the cost of living crisis, Malthouse said during an interview on TalkTV. “The Chancellor has already signalled his desire [...]
Rightmove chief Peter Brooks-Johnson to step down after more than 16 years May 9, 2022 Property firm Rightmove has said chief executive Peter Brooks-Johnson plans to step down after more than 16 years with the firm. Brooks-Johnson will leave the group over the next year, but will remain in the role until its full-year figures are unveiled in February 2023 and will help with finding a replacement and ensure a [...]
Markets bracing for tough week: China trade slows as zero-Covid policy has disastrous impact on economy May 9, 2022 With China continuing to pursue its zero-Covid policy the restrictions in Shanghai are having a chilling effect on economic output there, as well as port activity, or rather the lack of it, as container ships continue to sit off the Chinese coast waiting to be unloaded. This morning’s China trade data for April only serves to reinforce [...]
EU membership vs lost trade: Forget extra NHS cash, Brexit costs Britain £173m every week, or £1m per hour May 9, 2022 Remember the Brexit bus promise: ‘We send the EU £350 million a week. Let’s fund our NHS instead. Vote leave’? The truth increasingly seems that quitting the European Union means there is £173m a week less to spend on the NHS, according to calculations based on recent ONS and UK Government data. Weighing up the [...]
Weekend Chat: Up close and personal with the founder of UK’s first dating app for single parents May 7, 2022 Nevine Coutry, a London based entrepreneur, has something to celebrate. A year ago, after months of hard work and long evenings, she finally did it. The Londoner launched the UK’s first dating app aimed exclusively at single parents. How did this come about? City A.M. sat down with Coutry to hear this Londoner’s unique story. [...]
Post-pandemic rental yields climbing with SE17, NW3 and E7 leading: ‘Naive to think renters would reject London’ May 7, 2022 London rental yields are still on the rise after a temporary pandemic slump, with southern areas providing particularly strong opportunities for buy-to-let landlords. While much of the nation’s property market enjoyed a boom during the pandemic, London’s market was hit by a dip in demand as people prioritised green, open space over urban living. This, [...]
Retail reality check: High Streets have too many shops which cannot all be saved, says retail guru Sir John Timpson May 7, 2022 Retail giant Sir John Timpson said there are too many shops in most towns and there needs to be more variety on the high street. Sir John, the chairman and owner of Timpson, a UK shoe repair chain with over 2,000 outlets, called for more choice in town centres. “We’ve got to look to the [...]
Putin ‘running out of missiles’ amid claims quarter of Russian Army now lost: Kremlin loses momentum in Donbas May 6, 2022 Vladimir Putin could be running out of missiles and armaments because of how much his forces have had to fire during the Ukraine war so far, according to the head of Britain’s Armed Forces. The Chief of Defence Staff, Admiral Sir Tony Radakin, said Russia has now lost 25 per cent of all its forces [...]
