First-time buyers drop off market as mortgage completions sink August 22, 2018 First-time buyer mortgages fell sharply in the second quarter of 2018, signalling a drop in new homeowners coming onto London’s subdued property market. Roughly 10,300 new first-time buyer mortgages were completed in London in the three months to the end of June, marking a 3.7 per cent fall from the same period in the previous year. [...]
City A.M.’s Crypto Insider meets Mirox Crypto’s Benjamin Beal August 21, 2018 While some investors scramble for the latest crypto opportunity, other more traditional types are on the fence, unconvinced of the risks and uncomfortable with losing their hard-earned capital in a young volatile and unregulated market. With this in mind, Mirox Crypto Ltd feels it has a created a unique concept, which provides a more managed [...]
Greece’s bailout may have finished, but the economic pain still has a long way to run August 20, 2018 It is a landmark moment: Greece has finally received its last payment from the European Stability Mechanism, with an unprecedented €204bn (£183bn) in bailout loans delivered since 2012 as Europe grappled with a sovereign debt crisis. European Council president Donald Tusk was fulsome in his praise today. “You did it!” he said. “Congratulations to Greece [...]
Will Smith launches sustainable bottled water brand August 19, 2018 Will Smith has launched a "sustainable" bottled water brand in the UK. Just Water, set up by the actor and his son Jaden, has 82 per cent renewable paper packaging and is recyclable in nine out of ten UK communities. The product will be stocked in 800 Boots stores and all Whole Foods Market shops across the country. [...]
House of Fraser owed millions to major brands before collapse August 18, 2018 House of Fraser racked up debts of almost £500m in the run-up to its collapse, owing major designer brands such as Gucci, Armani and Mulberry. Administrators Ernst & Young (EY) have reported that the chain’s creditors are owed sums totalling hundreds of millions of pounds, with more than 1,000 suppliers set to be out of [...]
Congratulations, students – welcome to a broken system August 17, 2018 It is hard to think of a more eccentrically British fixation than the national obsession with A-level results day. And there’s something for everyone in the results announced yesterday A rise in the proportion of students achieving As and A*s (“exams have become too easy”), a fall in the numbers achieving above a C grade [...]
Eleven Sports: Live-streaming service grapple with the future of sports broadcasting August 15, 2018 It’s fair to say Eleven Sports’ first foray into the UK sports broadcasting market did not go to plan at the weekend. The new boys on the scene arrived with hopes high and viewers intrigued, offering two days of the US PGA Championship for free, with a seven-day trial making the entire tournament available on [...]
It’s time for an honest debate on retirement August 13, 2018 A population roughly the size of London – that is the number of additional people aged 65 and over estimated to be living in the UK by 2066, bringing the total figure up to 20.4m, according to the latest official data. At current rates, over a quarter of the population will be past retirement age [...]
Opinion: While we need to get young people on the property ladder, movers and downsizers need help too | City A.M. August 10, 2018 Falling levels of home ownership and the particular plight of first-time buyers in the UK housing market have caused headaches for policymakers for many years. The latest suggestions for a solution from centre-right think tank Onward, propose, among other things, further changes to property taxation for non-owner-occupiers. The rationale is to reduce demand for housing [...]
Being an entrepreneur isn’t a real job – or is it? August 10, 2018 THE NEW SERIES of Dragons’ Den starts on Sunday, bringing with it an assortment of budding entrepreneurs, all pitching for cash investments from the beady-eyed “Dragons”. The show, now in its 16th series, is a brilliant opportunity – for the right candidate. Being television, naturally it has to be entertaining, which it is, [...]