Lloyd’s of London insurer Beazley records further growth despite Helene and Milton November 6, 2024 Lloyd’s of London insurer Beazley has recorded further growth in its insurance book and is on track to hit its profit target for the year despite hurricanes Helene and Milton. In a trading update for the nine months ended 30 September 2024, the company reported insurance written premium growth of seven per cent to $4.6bn [...]
London house prices gloom revealed but owners set for £84,000 boost November 6, 2024 The average home in Britain will be £84,000 more valuable in five years’ time, according to a new forecast, but London house prices will grow slower than anywhere else in the UK. Real estate giant Savills has said it expects the typical property value to reach £442,000 by the end of the period to 2029, [...]
Eurostar’s £39 fare promotion blasted for being misleading – again November 6, 2024 Eurostar has been scolded by the advertising regulator for the second time this year, over how it presented Instagram and Facebook ads for £39 fares.
Watch the US election all night long at these five London bars November 5, 2024 It’s the most stressful a US election has felt in London in a long time, as Trump looms over a potential second term in office. City traders are holding off on betting on the dollar while one senior UK politician told City AM we must unite behind the outcome whichever way it swings. But until [...]
Stamp duty hike: a ‘bitter but manageable pill to swallow’ for UK landlords November 5, 2024 Last week’s Budget announcement raised Stamp Duty Land Tax (SDLT) to five per cent tax, yet household landlords seem unfazed. London-based estate agent Benham and Reeves carried a survey to find out how UK landlords reacted to this hike. Concerns about potential hikes in capital gains tax (CGT) on property investments weighed heavily on landlords [...]
FCA lays out research changes to boost investment into London markets November 5, 2024 The Financial Conduct Authority has revealed a host of changes to investment research rules today in an attempt to enhance analysts’ coverage of smaller companies and boost investment into the stock market. A lack of investment research in the UK has been frequently cited as a key reason for declining investment in Britain over the [...]
Air Berlin administrator sues KPMG in England November 5, 2024 The administrator of a bankrupted German airline has hit Big Four giant KPMG with legal proceedings in an English court, City AM can reveal
Steve McQueen falls short with wartime drama Blitz November 5, 2024 Ten years on from his Oscar triumph with 12 Years A Slave, filmmaker Steve McQueen has forged his own creative path. Rather than dive into the world of blockbusters, he has stuck with hard hitting dramas such as his Small Axe anthology of films and the 2018 thriller Widows. His latest is Blitz, a World [...]
Plans for new £100m Liverpool train station submitted November 5, 2024 Proposals to build a £100m train station in Liverpool have been formally submitted. Construction work on the Liverpool Baltic station scheme would start next year, if plans are approved, with the site expected to be open by 2027. The station would be located on Merseyrail’s Northern Line and would come after the £80m Headbolt Lane [...]
Ladbible and Onthebeach founders back investor led by Steven Bartlett’s former business partner November 5, 2024 The founders of Ladbible and Onthebeach have backed a venture capital firm that is led by the former business partner of Dragons’ Den star, Steven Bartlett. Solly Solomou, the chief executive of Manchester-headquartered Ladbible Group, has invested in Wilmslow-based Fearless Adventures alongside Onthebeach’s Simon Cooper, who will become its chairman. Solomou has invested through his [...]