Poor start of the month for global markets: April weakness rolls into May with China lockdowns not helping May 3, 2022 Asia markets got off to a poor start to the month yesterday, as did markets in Europe after the latest China PMIs showed that economic activity in April fell back by more than expected. Much was made of the slowdown in China manufacturing to 47.4 from 49.5, however non-manufacturing saw an even bigger fall, plunging [...]
Tennis legend Boris Becker jailed: The dramatic rise and fall of a world champion April 30, 2022 A dramatic fall from grace for tennis legend Boris Becker, as he was jailed for two-and-a-half years yesterday for trying to hide £2.5m in assets and loans. As Becker starts his prison sentence, City A.M. zooms in on the turbulent and colourful life of the three-time Wimbledon champion. Boris Franz Becker was born in Leimen, [...]
Saturday Sitdown: MovePlan’s EMEA chief on rethinking ESG as working policies are being rewired April 30, 2022 Over the last few years, ESG has become integral in any business strategy, and rightly so. It’s a deal-breaker not just for investors but also for those considering new roles. In fact, City A.M. recently reported how businesses with poor ESG credentials are struggling to attract talent, a sure sign of the importance of substantive [...]
Prime London house prices skyrocket by 114 per cent as homebuyers flock back to the city April 30, 2022 While prime London property prices have remained largely flat on a year on year basis, life is starting to return to the capital’s top tier, with some postcodes seeing average sale prices climb by as much as 114 per cent. However, not everywhere has fared so well with some postcodes seeing a reduction in average [...]
Brexit from the moon: Dover lorry queue can now be seen on Google Earth April 30, 2022 As hundreds of lorries continue to queue before they can board a ferry in Dover, it has emerged that the unprecedented queue can now be seen on Google Earth. Earlier this month, a 25-mile coastbound stretch of the M20 was closed to store thousands of lorries heading for the Port of Dover or Eurotunnel as [...]
Wimbledon star Boris Becker jailed for two-and-a-half years for hiding £2.5m in assets and loans April 29, 2022 Tennis legend and three-time Wimbledon champion Boris Becker has been jailed for two-and-a-half years for hiding £2.5 million worth of assets and loans to avoid paying his debts. The former world number one, 54, was declared bankrupt on June 21 2017, owing creditors almost £50m, over an unpaid loan of more than £3m on his [...]
‘Humiliated’ tennis legend Boris Becker has ‘nothing’ to show for glittering career and relies on charity to survive April 29, 2022 The lawyer of former tennis star Boris Becker has been left with nothing to show for his “glittering” sporting career and will have to rely on charity to survive. The three-time Wimbledon Champion, 54, was declared bankrupt in 2017 over a loan from private bank Arbuthnot Latham against his estate in Mallorca. His barrister Jonathan [...]
Leaked ASA report: Regulator to order HSBC to end greenwashing and stop misleading UK customers April 29, 2022 City A.M. understands that a preliminary, unpublished decision by the advertising regulator rules that a number of HSBC’s climate-focused ads are misleading, and that the watchdog demands that future marketing must not omit significant information about its contribution to rising emissions. The ASA’s draft recommendations, seen by this paper, focus on two of HSBC’s ads, [...]
Labour U-turn as party admits Angela Rayner was with Keir Starmer when caught drinking beer during lockdown April 29, 2022 The Labour Party admitted this morning that deputy leader Angela Rayner was present when Sir Keir Starmer was caught on video drinking a beer with party workers during lockdown. The party acknowledged it had previously told journalists she was not at the event last year, but a source insisted it was a “mistake made in [...]
ECB gets more nervous by the day as Eurozone inflation hits highest level ever: Sixth record in a row April 29, 2022 Inflation hit a new record for the 19 countries that use the euro as skyrocketing fuel prices boosted by the war in Ukraine add new burdens to household finances and weigh on a slowing economic recovery from the latest outbreaks of Covid-19. Annual inflation hit 7.5 per cent for April, the highest since statistics started [...]
