Embattled Home REIT set to appoint investment adviser this week as field narrows to two May 2, 2023 Scandal-stricken social housing investor Home REIT is set to appoint a new investment manager this week as the field of potential suitors narrows to two, City A.M. has learned.
HSBC latest bank to make hay from interest rate hikes, with profits up over £3bn May 2, 2023 HSBC’s pre-tax profits soared by more than four billion dollars (£3.2bn) in the first three months of 2023, according to a trading update from the banking group. Revenue soared by 64 per cent to $20.2bn (£16.2bn) compared to the same period 12 months ago, the company crediting the rise to higher net interest income due [...]
Morning in the City: BP, HSBC, and market updates – live May 2, 2023 Welcome to City A.M.'s morning live blog, keeping you up to date with all you need to know from the Square Mile
Results from BP and Shell mean one thing: more political grandstanding May 2, 2023 Oil majors will update the market this week, allowing us to add a third idiom to a list includes something about bears defecating in forested areas and the Pope remaining unimpressed with Lutherian teaching: when BP and Shell report bumper profits, politicians are going to get involved. As we report today, most expect healthy numbers [...]
The many empty statue plinths in the capital should honour living Londoners May 2, 2023 We shouldn't be tearing down statues, but where plinths are empty we should use them to pay tribute to living Londoners changing the city, writes Daniel Korski.
Artificial intelligence could save London from losing our competitive edge to the US May 2, 2023 The future is AI and if London wants to be a global leader, we need to strike the right balance of innovation and regulation here in the City, writes Chris Hayward
Tucker Carlson’s playbook for news-by-soundbite will succeed beyond Fox News May 2, 2023 When Tucker Carlson was fired from Fox News, it made the headlines in the UK because of the viral soundbites he was a master at. TalkTV and GBNews are following the same formula, write Eliot Wilson
Coffee beans and ready meals send food inflation soaring yet again – and peak is yet to come May 2, 2023 Food inflation reached new highs in April soaring 15.7 per cent, according to new data, with the cost of convenience food such as ready meals and coffee beans increasing due to supply chain woes. While shop price inflation fell slightly by one per cent in the month to 8.8 per cent, food prices remained at [...]
Recession knife-edge: Consumer spending on credit at £1.3bn as house prices continue to slide May 2, 2023 Britain’s better than expected economic performance since the turn of the year is poised to have lured consumers into splashing the cash on their credit cards, new numbers out this week are tipped to show. Families are tipped by markets to have borrowed £1.3bn in March, which would signal spending in the UK is holding [...]
Recession, what recession? Firms shrug off UK economy fears to focus on growth May 2, 2023 Britain’s small businesses are turning their attention away from worrying about whether the country will slip into a recession to focus on growth, a new survey out today shows. Confidence among the country’s small firms – which drive output – climbed sharply from its depths at the end of last year, according to the Federation [...]
