Ashmore assets plunge $14bn as investors pull cash July 14, 2022 Specialist emerging markets manager Ashmore revealed the value of its assets under management plunged $14.3bn in the second quarter as war in Ukraine and rising interest rates caused investors to pull back sharply.
Bitcoin dips below $19k before recovering, with US inflation at 40-year high July 14, 2022 The price of Bitcoin has recovered to just below $20k, having climbed one per cent over the past 24 hours to $19,994 this morning.
Rents in London grow at fastest rate ever of any UK region hitting record £2,257 per month July 14, 2022 London rents have grown at the fastest ever rate out of any region in the UK, according to new research today, as prices hit a new record. The cost to rent a property in the capital has jumped by 15 per cent in the past year, hitting an average of £2,257 per month. Demand [...]
EV marker Arrival to axe 800 jobs globally due to market volatility July 14, 2022 UK-based electric vehicle (EV) maker Arrival is set to axe 800 jobs globally as it continues to feel the pinch from the ongoing economic volatility. Approached by City AM, Arrival declined to comment on the number of UK workers that would be impacted as the company’s employees are scattered mainly across Britain, the US and [...]
First Property Group wins nearly half a million in unpaid rent from H. Samuel operator July 14, 2022 London property fund manager First Property Group has won nearly half a million in rent arrears from the operator of H. Samuel and Ernest Jones, after the jewellers withheld payment during pandemic restrictions. First Property recovered £450,000 from retail operator Signet Trading, in the first known arbitration under the Commercial Rent (Coronavirus) Act 2022. Gary [...]
Kevin Spacey pleads not guilty to accusations of sex offences July 14, 2022 Kevin Spacey pleaded not guilty to accusations of sex offences dating back almost 20 years in a London court on Thursday.
Explainer-in-brief: Net Zero pledges are largely absent in Conservative race July 14, 2022 As the Conservative leadership contest unfolds, the pledge to keep on track with net zero seems to be lost. Green policies were a staple of Boris Johnson’s premiership, determined by a belief in green energy’s potential to create new jobs and economic growth. The contenders don’t all seem to agree. Suella Braverman and Kemi Badenoch [...]
Going head to head: Emirates says it simply refuses to accept Heathrow’s passenger cap July 14, 2022 Gulf carrier Emirates has refused to comply with Heathrow’s passenger cap, saying it will continue to operate flights as scheduled. The airline described Heathrow’s request as “unreasonable and unacceptable,” arguing that moving some of its flights from the west-London hub to alternative UK airports at the last minute was not realistic. The Dubai carrier added [...]
Branson backs London fintech Lightyear in $25m round July 14, 2022 Richard Branson has thrown his weight behind London fintech firm Lightyear today in a $25m funding round that has fuelled the firm’s expansion into Europe.
ESG faces reckoning after being ‘hijacked’ by marketeers, EY sustainability chief warns July 14, 2022 EY’s sustainability chief said the ‘environmental, social and governance’ (ESG) label had been “hijacked” by marketeers today as the firm called for greater scrutiny and regulation of the space to prevent it falling into “disrepute”.
