‘Down to the wire’: Treasury and Bank scramble for Silicon Valley Bank UK package March 12, 2023 Treasury and Bank of England officials are locked in discussions over the future of Silicon Valley Bank’s (SVB) UK arm – with leading tech figures across London suggesting the bank’s collapse could be an extinction-level event for thousands of firms. The UK-owned subsidiary of Silicon Valley Bank was placed into insolvency earlier this evening, with [...]
In Defence of Capitalism: How free markets are lifting people out of poverty March 8, 2023 In the second of an eight part series, the historian and sociologist Dr Rainer Zitelmann writes for City A.M. in defence of capitalism, arguing that freer markets are usually the answer to society’s problems, not the cause. Each week he will ‘myth-bust’ the common complaints about capitalism – and this week, it’s that capitalism is responsible [...]
A tipple could help Hunt through his budget and investors through further inflation March 7, 2023 Whisky casks are quickly growing into one of the most popular "alternative assets". The older the cask, the better it tastes, giving you a strong return that hedges against inflation, writes Simon Aron
Car sales: Better deals and more availability have pushed numbers up with Vauxhall models most popular March 6, 2023 The number of newly registered vehicles rolled out on the UK’s roads continued to soar with car sales rising for the seventh consecutive month. According to figures published by the Society of Motor Manufacturers and Traders(SMMT) car registrations rose by 26.2 per cent in February as an easing of supply chain shortages steered the market [...]
Free-to-air victory for cricket as some IPL games set for ITV, reports February 27, 2023 Free-to-air broadcaster ITV will show 16 regular season matches of this year’s Indian Premier League (IPL) after the broadcaster struck a deal with DAZN for the rights to the cricket franchise competition. The two broadcasters have purchased the rights for the famous competition with 16 matches to be exclusively shown on ITV while DAZN will [...]
Sir Bernard Ingham press secretary to Margaret Thatcher dies age 90 February 24, 2023 Sir Bernard Ingham, the long-standing press secretary to Margaret Thatcher, has died after a short illness, his family said. The former reporter, who was 90, died with his family around him on Friday lunchtime, a statement said. His family described him as a “journalist to his bones” and he continued to file a column for [...]
The debacle over a Kensington cycle lane shows us how badly we need good infrastructure February 24, 2023 What a local war over a cycle lane on High Street Kensington told us about Britain’s infrastructure.
Keystone Law benefits from bull market and shift to homeworking, chief says February 20, 2023 Keystone Law has benefited from the widespread shift to homeworking, the law firm’s founder and chief executive James Knight told City A.M., as it forecast revenues and pre-tax profits for the year will beat expectations. Keystone Law, which is listed on London’s Alternative Investment Market, today said it expects its revenues and pre-tax profits will [...]
House prices rose just £14 last month as Bank of England rate hikes chill demand February 20, 2023 UK house prices rose by just £14 last month indicating possible buyers are turning their noses up at sellers slapping huge tickets on their homes, new figures out today reveal. The average asking price for a home in the UK came in at £362,452, making last month’s increase the smallest between January and February since [...]
Harry Styles’ Grammys outfit wasn’t radical: Bowie did it better 50 years ago February 9, 2023 If you have an ounce of sense or taste, you will look at the red carpet for the Grammys, if at all, the same way that less enlightened 18th century thrill-seekers paid to be shown round the Bethlem Royal Hospital. Those you observe are to be pitied, to be sure, but you are viscerally aware [...]