BNP Paribas’ UK property chief on the impact of the pandemic November 20, 2020 In his first interview since taking up the role of UK CEO of BNP Paribas Real Estate in July, Etienne Prongué sat down with City A.M.’s Michiel Willems to discuss the unprecedented beating the City’s property investment space received since the start of the pandemic, with transaction and fundraising levels remaining suppressed. But despite the [...]
Keeping fit this winter November 20, 2020 This strange year has seen all of us becoming more aware of our health – especially as lockdowns and restrictions have meant more of us staying at home for longer than ever before. And Covid-19 has sharpened our focus on our own bodies. The data shows it is more likely to cause serious and potentially [...]
Editorial: Saving the High Street requires some real creativity November 19, 2020 The collapse of Jaeger and Peacock’s into administration is, alas, little surprise. It’s a tragedy for the 4,000-odd people whose roles are now at risk – this is no time to lose a job, with the economy still in the doldrums. But it’s symptomatic of a wider trend, and a wider trend that at some [...]
London dwarfs rest of UK for 2020 startup success November 19, 2020 London leads the UK for new business creation in 2020, with more than 130,989 startups created between January and August. The first eight months of the year saw more than 130,000 new businesses created in the capital, up more than 21% on 2019’s figures, according to data from consultancy business SHL. The number of London [...]
Bottoms up: Naked Wines revenue soars on lockdown boom November 19, 2020 Naked Wines’ first-half revenue has soared thanks to an increase in home delivery orders amid lockdown. With pubs and bars shut from March, Naked Wines recorded an 80 per cent surge in sales to £157.1m, compared with £87.5m a year earlier. It also narrowed first-half adjusted loss before interest and tax from £4.5m a year [...]
Snakes and Ladders: Who is moving jobs in the City this week? November 18, 2020 Snakes and Ladders provides a roundup of the most important hires and job moves across the City, every Wednesday afternoon. Email citymoves@cityam.com to be featured. Firms are continuing to adapt to the challenges and opportunities presented by the pandemic as they vie to be in prime position to recover from the economic fallout of the crisis. This week, [...]
London rental growth slows to lowest rate in three years November 18, 2020 Private rental prices in London grew 0.9 per cent in the 12 months to October, compared to 1.2 per cent growth the previous month
Wrong masks, retrospective due diligence and absent records: Litany of govt PPE failure laid bare November 18, 2020 A report by the National Audit Office (NAO) has offered examples of some of the failures made by the Cabinet Office when it came to procuring personal protective equipment (PPE) in the early days of the Covid-19 pandemic. The investigative report, which was published by the NAO today, has outlined examples of the government handing [...]
Why the pandemic and the coming economic downturn will accelerate Bitcoin’s adoption November 18, 2020 In October this year, Mode floated on the London Stock Exchange’s Main Market. Two weeks later, we decided to allocate a portion of the money we raised to purchase Bitcoin as part of our treasury strategy. In doing so, we became the first plc in the UK to officially announce the diversification of our reserves [...]
Pandemic wipes £1bn off British Land’s portfolio as retailers take a hit November 18, 2020 The pandemic has wiped almost £1bn off commercial landlord British Land’s (BLND) portfolio after retailers were forced to close and offices lay empty. The FTSE 100 firm said the value of its portfolio of offices and shops had fallen from £11.2bn in March to £10.3bn by the end of September. The structural challenges in retail [...]