WFH? Health experts uncover airborne dangers lurking in your space August 28, 2024 An increase in invisible moulds, microbes, bacteria and viruses in the City air may be impacting your health without you realising, an NHS doctor warns.
Sailing’s coming home? Behind the scenes at Ineos Britannia’s bid for America’s Cup August 28, 2024 Talking to a cyclor called Shrek wasn’t top of the to-do list when City A.M. was given access to the Ineos Britannia base in Barcelona ahead of the 37th America’s Cup. The iconic sailing contest, which starts in earnest on Thursday, dates back to 1851 when it was hosted in Britain, won by our friends [...]
Champions League: When is the draw and what is the new format? August 28, 2024 The Champions League draw has always been a much-anticipated event for fans of the qualified sides, and even more so this time with the advent of a new “league phase”. Football devotees are eager to discover which European giants they will be facing and which historic cities they can look forward to visiting, meaning that [...]
Why London’s wealthiest are shelling out up to £40,000 a month to rent prime property August 28, 2024 It might seem counter-productive to spend tens-of-thousands of pounds on something you won’t see any return on, but that’s exactly what’s happening in London’s super-prime lettings market at the moment. Properties can range from £5,000 per month to something closer to £40,000, with lettings more often than not arranged off-market. For wealthy families unsure if [...]
Mike Ashley’s Frasers Group snaps up stake in Australian retail group August 28, 2024 Mike Ashley’s Frasers Group has continued its acquisition spree with a strategic investment into the Australian retail and distribution firm Accent. The London-listed retail empire snapped up a 14.65 per cent stake in the company in a move it hopes will further its footprint in Australia and New Zealand – identified as a key market [...]
Platform Housing: Turnover up as investment in existing homes trumps construction of new ones August 28, 2024 Platform Housing Group has reported a strong start to the year, although the rate of new-build homes has fallen with the focus shifting to improving social rented properties. Turnover at the company grew by 14.8 per cent to £92.3m in the three months to June 2024, up from £80.4m in June 2023, with 95 per [...]
Naked Wines ‘in much better shape’ despite further losses August 28, 2024 Online wine seller Naked Wines has reported a slump in profit and a higher loss despite “significant strides” made over the past few months to restructure the business. Total sales fell by 18 per cent year on year to £290m in the 52 weeks ended 1 April 2024, while the company’s statutory loss before tax widened [...]
St James’s Place: How high fees hide the wealth manager’s real performance August 28, 2024 Investors who want to know how a St James’s Place fund compares to any other vehicle in the market have a problem: they just can’t do that. Traditionally, funds can be compared by taking into account the performance of their assets, minus the fees on the fund, and comparing that with other funds in their [...]
Cosmetic ‘tweakments’ surge after Love Island return August 27, 2024 Love Island returned for its 11th season in June this year, with contestants sporting noticeably cosmetically-enhanced full lips, cheeks and smooth skin. The show has created a “surge of people requesting specific looks”, aesthetician Dr Ed Robinson said, known as “the Love Island look”. Dr Robinson said he has seen a twelve-fold increase in the [...]
European VC firm Redalpine opens London office after £151m fundraise August 27, 2024 European venture capital firm Redalpine has raised $200m (£151.3m) for its largest ever fund, Redalpine capital VII, and opened a new office in London. Founded in Switzerland in 2006, the company has been the backer of companies like Klarna, tax filing software Taxfix and German neobank N26. Redalpine has also funded more than 10 UK-based [...]