Tesla earnings preview: Can Elon Musk’s Silicon Valley car maker beat the odds? April 29, 2018 American car maker Tesla is set to announce its first-quarter results on Wednesday 2 May, but with a series of setbacks in recent months, investors may be wondering whether the company can live up to expectations. Analysts at S&P Global Market Intelligence expect the company to report a loss of $3.52 (£2.56) per share in [...]
Dealmaking involving British firms hits highest since the millennium April 23, 2018 A spate of large deals drove the strongest start to the year for British merger and acquisition (M&A) volumes since the millennium, according to new data. M&A activity with UK involvement rose to $274.9bn ((£196.4bn) in the first quarter, its highest since the year 2000, figures from Thomson Reuters shown to City A.M. reveal. Deal [...]
Melissa Morris wants to save the NHS one billion pounds a year | City A.M. April 20, 2018 Depending on who you ask, the UK’s National Health Service is one of two things. Either, it’s the pride of a nation and envy of the world, which must be protected at all costs. Or, it’s a bureaucratic relic, consistently lagging behind most comparable systems in terms of health outcome, desperate for reform. Since its [...]
To fix the housing crisis, ministers should listen to businesses in London – scrap the migration cap and build more homes in the green belt April 18, 2018 First-time buyers are going to extreme lengths to save up a deposit, according to an amusing survey published by Santander this morning. “Almost 2m are willing to swap nutritious meals for pot noodles,” the bank says, inadvertently casting doubt over the future of the global avocado market. The research also reveals that 38 per cent [...]
One third of millennials face renting for their whole lives and will never own a home April 17, 2018 Up to a third of young people face renting homes for their entire lives, according to a report out today from the Resolution Foundation. It said a generation of young people, those born between 1980 and 1996, face the prospect of never owning their own home, and said tax reforms are needed to discourage multiple [...]
UK house prices: London property market continues to cool as national average asking price reaches a record high April 16, 2018 The average price of property coming to the London market fell this month as the UK average price reached a record high, according to Rightmove’s house price index. The capital is just one of two regions to see a drop nationally, with prices decreasing by 0.6 per cent this month. The national average asking price [...]
Biggest quarterly fall in London house prices for nine years recorded April 12, 2018 House prices in London declined at their sharpest rate for nine years during the first part of 2018, new data shows. Prices fell by 3.2 per cent in the first three months of the year according to the Halifax House Price Index. The average London house price was £430,759, its lowest since the end of [...]
Bitcoin price (BTC) jolts to life, climbing by $1,000 in an hour April 12, 2018 Bitcoin’s price rocketed up by about 17 per cent today to reach its highest price in more than two weeks. The cryptocurrency broke past the $7,000 and $8,000 barriers in a matter of about an hour for the first time since the end of March. At the time of writing, bitcoin was down from its [...]
Interior design marketplace Eporta lands $8m funding from venture capital and angel investors including Guy Hands | City A.M. April 10, 2018 Interior design startup Eporta has nabbed $8m (£5.7m) in funding from an impressive list of venture capital firms and angel investors. London-based Eporta, which acts as a business-to-business marketplace where interior designers and offices can buy furniture from manufacturers directly, pulled in the cash in a series A round led by US firm Canvas Ventures. [...]
Shutterstock CEO Jon Oringer on putting profit first and selling his billionth image | City A.M. April 9, 2018 Many moons ago, there was a game called GoogleWhack. The objective was to return only one hit from a Google search query consisting of just two words. Naturally, with billions of pages indexed, it’s quite tough, and today, probably impossible. I propose a new, but similar, game using Shutterstock. Type in any two words, and [...]