£15bn worth of London homes sit empty, as Londoners squabble over supply July 20, 2021 The value of London’s homes sat empty has racked up to £15bn, according to new data, as a rung on the property ladders edges further away from Londoners. London has made a name for itself as a destination for ultra-wealthy buyers to snap up prime real estate as assets and holiday homes, while prospective homeowners [...]
Boris Johnson and Rishi Sunak at odds over potential health and social care tax July 18, 2021 Boris Johnson and Rishi Sunak are reportedly at loggerheads over the imposition of a new £10bn-a-year tax to cut NHS waiting lists and fix the country’s social care crisis. Johnson and health secretary Sajid Javid are said to be strongly in favour of the new levy, while the chancellor is opposed. The Prime Minister said [...]
US stocks lose ground despite strong jobless claims July 15, 2021 US stocks fell on Thursday despite strong jobless claims data strengthening the outlook for the American economy. The blue chip S&P 500 dropped 0.65 per cent today, while the tech-heavy Nasdaq fell 1.14 per cent on falls among growth stocks. The Dow Jones slipped 0.17 per cent. Read more: US stocks muted as Powell moves [...]
Job vacancies rise above pre-pandemic levels after lockdown measures eased July 15, 2021 UK job vacancies rose to above pre-pandemic levels for the first time in 15 months, as average wages showed signs of growth. New data from the Office for National Statistics (ONS) showed 862,000 job vacancies in April to June this year. The figure is almost 10 per cent higher than January to March before the [...]
Business groups blast government’s back-to-work guidance for lack of clarity July 15, 2021 Business leaders in the UK have slammed yesterday’s renewed government back-to-work guidance for its mixed messages that have “done little to dispel confusion” over returning to the office. BEIS officials published new guidance yesterday – a day later than expected – that called for a “gradual return” to the office from 19 July, as the [...]
Creating a future of access to financial tools for everyone with MELD July 14, 2021 Crypto AM's James Bowater discusses MELD with chairman Ken Olling and CEO Hai Nguyen Quang.
Aviva warns government on building safety hit to UK property market July 14, 2021 Aviva warns the government that institutional investors could be scared away from the UK residential property market because of its new safety proposals for high-rise buildings, prompted by Grenfell. The UK insurer asked the government to consider how its new “Building Safety Bill” would financially affect their owners last year in a letter in November [...]
Collective raises £6m with Silicon Valley NFX, amid growing demands for gig worker benefits July 14, 2021 Collection Benefits, a UK insurance tech startup, have raised £6m in a round led by a Silicon Valley venture fund, as the demand for insurance and benefits in the gig economy continues. The year-old insurance provider also announced the appointment of Pete Flint OBE, the co-founder of Lastminute.com and a general partner at NFX, as [...]
Exclusive: Financial services deal making climbing back up after subdued 2020 July 13, 2021 Deals in the UK financial services sector more than doubled in the first half of 2021, compared to the first six months of last year. Professional services giant Ernst & Young told City A.M. today that the UK financial services industry saw 121 deals in the first half of this year compared with 57 during [...]
Daily Mail: Lord Rothermere’s take-private bid is a bold step forward into the past July 13, 2021 It’s rare that a routine stock market announcement ruffles feathers, but when Daily Mail and General Trust, the parent company behind the Mail newspaper titles, yesterday revealed that Lord Rothermere was weighing up a bid to take the media group private, it succeeded in doing just that. It’s a complicated deal that relies on the [...]