Rally flags, but fundamentals still look strong August 26, 2021 The crypto market is down again this morning after an impressive rally that’s seen Bitcoin gain around 70 per cent in a month.
Property: Market now faces acute supply shortage after buying frenzy August 26, 2021 Housing stock levels are down 26.4 per cent compared to the 2020 average, as buyer demand has eroded existed supply. While buyer demand remains strong, up 20.5 per cent, stock supply will remain low into next year, according to the property platform Zoopla’s monthly House Price Index. The property market is experiencing its greatest stock [...]
As DeFi gathers momentum, how will regulators protect investors? – CityAM : CityAM August 25, 2021 Decentralised (DeFi) Exchanges continue to gain a growing number of users as the level of trading and wide selection of assets and services they offer expands. The total value of assets in DeFi is now over $84billion compared to only $1.8 billion in June 2021. So, what is driving this expansion of DeFi? DeFi enables owners [...]
GTO Engineering 250 GT SWB Revival review: tribute to a classic Ferrari : CityAM August 25, 2021 I used to pass a Ferrari 250 GT SWB on the way to work. Or so it seemed. The car looked kosher from a distance, but closer inspection revealed thumb-sized panel gaps, a plasticky interior and a telling lack of tailpipes (one instead of the usual four). In hindsight, the fact that it was street-parked [...]
What does Meggitt’s bid premium tell us about UK shares? August 25, 2021 Have you ever wondered why there has been such a marked pick-up in the amount of UK businesses that have been bid for in recent years? This year is no exception, and has been an extremely active one, with a record number of deals in the first half of 2021. And there is no sign [...]
Property Special: London’s most affordable postcodes, up and coming areas, best for schools and to invest August 25, 2021 The property market has boomed over the past year, thanks to the stamp duty holiday which has given a lot of first-time buyers the opportunity to get their foot on the property ladder. Coupled with the introduction of the new government backed 5 per cent deposit scheme, designed to help home buyers, the market isn’t [...]
Home sales dropped 63 per cent in July August 24, 2021 Property transactions were 62.8 per cent lower in July compared with the previous month after the stepping down of the temporary stamp duty reduction. The provisional adjusted estimate of UK residential transactions for July was 73,740, up 4.2 per cent on July 2020, the latest data from HMRC has shown. There was a rush to [...]
Gupta’s GFG carving out deal with White Oak to inject cash into European steel mills August 23, 2021 Sanjeev Gupta’s metals giant GFG Alliance is reportedly carving out a deal with White Oak Global Advisors for the refinancing of his European operations. The deal, which would circle GFG’s steel mills in Romania and the Czech Republic, could end months of uncertainty for thousands of steelworkers, the Financial Times first reported, citing people familiar [...]
Londoners ‘disgusted’ by fashion industry abuses but lack money to shop ethically August 19, 2021 London consumers feel strong negative emotions about fashion industry exploitation, and that they want the industry cleaned up so they can enjoy shopping without guilt. More than two-thirds (68 per cent) of Brits taking part in a new survey that was shared with City A.M. felt either ‘disgusted’ ‘sad’ or ‘angry’ about the fact that [...]
Rightmove: First monthly dip in UK house prices this year recorded in August August 16, 2021 The average price tag on a home dipped by just over £1,000 this month. Across the UK, the average asking price in August was £337,371, down by 0.3 per cent or £1,076 compared with July, Rightmove data out this morning shows. It marked the first monthly fall in the average price of property coming to [...]