New technology will help the West rebuild a military industrial base December 5, 2024 Every time you read about wasted government cash, remember they could be spending on keeping us – and the free world – safe, says James Price “Defence is of much more importance than opulence”. This might seem, to the discerning City AM reader, an obvious point. But both in the days when Adam Smith wrote [...]
London commuter slowdown dents growth at Great Western Railway and Heathrow Express operator December 3, 2024 Fewer London commuters slowed growth at the company behind Great Western Railway and the Heathrow Express, as delays and cancellations became more frequent during its latest financial year. First Great Western (FGW) has said that while the leisure market has “recovered strongly”, the number of commuters into London remain behind December 2019 levels despite have [...]
City rents rise as return to the office drives up demand for prime locations December 3, 2024 Available office space in London’s most sought-after areas has slumped to near record lows as businesses continue to reverse pandemic-era working from home rules. According to global property consultancy Knight Frank, availability in newly constructed office buildings has fallen to 0.3 per cent in the West End Core – which includes Mayfair and St James’s [...]
The weird and wonderful world of Japanese model food December 2, 2024 Japan is famous for the way its cultural artefacts seem to evolve separately from the rest of the world. Travel to Tokyo and you can find fax machines that have continued to develop new bells and whistles long after their use in the west began its terminal decline in the 1990s. Shokuhin sanpuru (literally: food [...]
UK housing market returns to growth as north outpaces south November 29, 2024 Zoopla has predicted positive house price growth in all regions and counties of the UK in 2025, with the north expected to outpace the south. The real estate platform has forecast sales growth at five per cent and house price growth at 2.5 per cent across the UK, with the fastest price increases in Northern [...]
The Capitalist: Charli XCX headlines Revolut jamboree; oucho for Groucho; and Reeves jeered in the City November 28, 2024 Revolut hires Charli XCX for private festival, Groucho shuts its doors and more; catch up on the latest City gossip in The Capitalist.
Smithfield meat market to close: ‘Farringdon will be losing part of its history’ November 26, 2024 The fate of City institution Smithfield market was decided yesterday, with the City of London Corporation announcing the last chops will be sold after 2028. Local business owners reacted with dismay to the news. Graham Chatham, chef patron of Origin City and 56 West Smithfield said: “It’s terribly sad to see the market close after [...]
London’s commercial property market to keep growing as staff ordered back to the office November 26, 2024 The green shoots which sprang up earlier this year in London’s commercial property market look set to continue into 2025, with real estate companies looking at a “cyclical growth opportunity”. London-listed property development firm Helical reported a minor recovery in the value of its property portfolio after several years of market uncertainty this morning. Its [...]
South West Water customers given £450m in subsidies while firm dished out £1.5bn in dividends November 25, 2024 South West Water customers were given nearly half a billion pounds in government subsidies to keep their bills down, despite the water firm shelling out three times that amount in dividends to shareholders over the same period. The Department of Environment, Food and Rural Affairs (Defra) has been giving people in South West Water’s catchment [...]
Football regulator delay fears after Lords ask for 158 changes to bill November 20, 2024 The prevaricating is also likely to mean hard-up clubs below the Premier League enduring a longer wait for an increase in financial distributions from the top flight.