FTSE 100 close: Asia stock surge lifts London index as Wise soars 16 per cent June 27, 2023 London’s FTSE 100 regained ground today, taking its lead from a decent overnight session in Asia that was aided by Chinese lawmakers signalling economic support measures are on the way. The capital’s premier index jumped 0.11 per cent to 7,461.47 points, while the domestically-focused mid-cap FTSE 250 index, which is more aligned with the health [...]
‘Recession warnings flashing red’: HSBC Asset Management warns investors to batten down the hatches June 27, 2023 Stock markets are “out of sync” with blaring recession warnings flashing across Western economies and investors should brace for a turbulent period ahead, HSBC Asset Management has warned today.
Quintessentially: Firm founded by Queen Camilla’s nephew switches auditor amid accounts delays June 27, 2023 Quintessentially, the members-only concierge service founded by the nephew of Queen Camilla, Ben Elliot, has switched its auditors amid severe delays to the company’s accounts. BDO officially resigned as the auditor for Quintessentially (UK), the parent company, yesterday, according to an update on Companies House. A spokesperson for Quintessentially confirmed the change to City A.M., but [...]
London Pride Month: LGBTQ business leaders on being closeted in the City June 27, 2023 In the aftermath of London Pride Month, City A.M. hears from top City of London CEOs about being closested -and out – in the City, as well as the ways all of us can be better allies. You can watch our video series on YouTube For many City of London workers, being LGBTQ still means [...]
Stock and bond prices fall for first time since 2008 financial crisis but only to $255 TRILLION June 27, 2023 The value of stocks, bonds and other financial assets across the world have fallen for the first time since the 2008 financial crisis as central banks globally have jacked up interest rates aggressively to tame stubbornly high inflation. Global financial wealth slimmed four per cent last year to $255 trillion, the first drop in 15 [...]
Tory mayor candidate denies groping allegation in ‘strongest possible terms’ June 26, 2023 A potential Tory candidate for mayor, Daniel Korski, has denied allegations he groped a woman whilst an adviser in Number 10 in the “strongest possible terms” via a spokesperson. Daisy Goodwin, a TV producer and novelist, wrote in The Times that Korski grabbed her breast during a meeting in Downing Street in 2013. A spokesperson [...]
Learning Lisbon’s foodie secrets with the Jamie Oliver of Portugal June 26, 2023 As new Portuguese restaurant Joia opens in London, Adam Bloodworth visits Lisbon to taste its inspiration Unless you’ve spent the last decade hiding underneath a yellow tram, you will have noticed that Portugal’s capital Lisbon has become the European city du jour lately. Everyone in your office has a tip for the best pastel de nata, the smartest [...]
Onshore wind is not just about net zero, it’s a vote winner June 26, 2023 Onshore wind is not just about going green, it's a vote winner that could ease bills and liberalise planning for housing and transport.
British businesses struggle to source cash amid Bank of England interest rate hikes June 26, 2023 British businesses are struggling to source cash to fuel growth as lenders retrench from the credit market after the Bank of England’s 13 straight interest rate rises, new research out last night showed. Just over nine in 10 mid-sized companies are running into roadblocks when trying to secure financing, prompting them to shelve expansion plans, [...]
Labour now 25 points clear of Tories as mortgage rates batter Rishi Sunak’s party June 25, 2023 Labour has posted its biggest lead over the Conservatives since March, new polling data has revealed, as the public grows increasingly tired of the government’s perceived mismanagement of the economy. Labour’s vote share jumped four points to 47 per cent, giving the opposition party a 25 point lead over the Tories, according to fresh polling [...]