Segro hits £26m new headline rent in post-lockdown demand for space October 20, 2021 Warehouse developer Segro has reported £26m new headline rent signed during the last quarter. The total new headline rent for the nine months to September 30 2021 hit £64m, an increase on the £50m sum from the same period last year. In a trading update for July 1 to October 19, David Sleath, chief executive, [...]
Metro Bank on track with sustainable growth in quarter results October 20, 2021 Even though total deposits were down one per cent compared to the second quarter, in this year’s third quarter Metro Bank has managed to maintain a high-quality deposit mix, remaining on track with its sustainable growth plan. Reflecting a growth in consumer unsecured lending and specialist mortgages, the bank’s net loans stationed at £12.3bn, while [...]
Inflation shows unexpected drop in September October 20, 2021 Inflation slowed unexpectedly in September as the Bank of England is set to tackle the acceleration by hiking interest rates. Consumer Prices Index (CPI) rose 3.1 per cent in the year to September, down from 3.2 per cent to August, official data showed. Increased prices for transport were the largest contributor to price rises, at [...]
Deliveroo keeps going strong in quarter results October 20, 2021 Deliveroo has registered a 58 per cent increase in gross transaction value in the third quarter of 2021, while the growth in active consumers and orders has continued to improve, going up 56 and 64 per cent respectively. “We have continued to make good progress executing against our strategy, resulting in strong performance in the [...]
London business groups call on government to stop five per cent rail fare hikes in 2022 October 20, 2021 London business groups have called on the government to ensure rail fares do not surge next year on the back of above expected inflation, warning this would cripple the capital’s recovering economy. London First and the Centre for London said today that a 5 per cent rise in rail fares next year, which is the [...]
Exclusive: London distilleries call on Chancellor to not raise alcohol duty October 20, 2021 London distilleries have urged the Chancellor not to hike alcohol duty at the upcoming Budget. Spirit makers Hayman’s, Beefeater Gin, Brixton Distillery, Half Hitch Gin and East London Liquor Company, called on Rishi Sunak to help the sector be part of the pandemic recovery, in a letter shared with CityA.M. A duty increase on October [...]
This service has been delayed: A railway revolution is at a crossroads October 20, 2021 It was back in May when Grant Shapps, the one-time Tory chairman turned Transport Secretary, promised a revolution that would put passengers “at the heart” of everything to do with Britain’s railways. Critics claim his revolution – that will hand control of the railways to a quango looking something like NHS England – is nationalisation [...]
Deliveroo keeps going strong in quarter results – CityAM : CityAM October 20, 2021 Deliveroo has registered a 58 per cent increase in gross transaction value in the third quarter of 2021, while the growth in active consumers and orders has continued to improve, going up 56 and 64 per cent respectively. “We have continued to make good progress executing against our strategy, resulting in strong performance in the [...]
The Bank of England has developed a mythical stature – it’s time to burst it October 20, 2021 The UK, along with the rest of the Western world, has just lived through a period of low inflation. In the 25 years since the mid-1990s, inflation has averaged just 2 per cent a year. It is enough to double the price level every 35 years, but a far cry from the double-digit rates seen [...]
Exclusive: London holds the crown as the world’s greenest finance hub October 20, 2021 London reigns supreme as the world’s greenest finance hub, racing ahead of its European rivals to claim the sustainability crown. The City leapfrogged Amsterdam to nab top spot in a closely watched index ranking the world’s biggest finance hubs by their green credentials. The capital has the best sustainability standards in the world, hosting a [...]
