Saturday Sitdown: Soho Housing’s chief on why ‘we need to rethink the way we use central London’ March 19, 2022 Insurance giant Admiral recently warned that nearly nine out of ten Londoners can no longer afford the average cost of rent in the capital. The demand for rooms to rent is much higher than the available supply, thereby leading to such increases that most Londoners cannot keep up with, the company cited as the main [...]
Russians learn the only thing worse than social media is no social media March 18, 2022 This week, Instagram feeds in Russia went dark. With Facebook already blocked, Twitter access restricted and a threat of the same to Youtube, the Russian state is silencing fora of dissent. In this column, I have often criticised the social media giants. Their business models are built on their ability to surveil you. They have [...]
Trevelyan says UK wants trade deal with Saudi Arabia, despite human rights record March 17, 2022 International trade secretary Anne-Marie Trevelyan has said the UK will stand firm on its desire to strike investment and trade deals with Saudi Arabia, despite its poor record on human rights. Trevelyan told City A.M. at an event today that “trade deals will be done with those who wish to trade” amid furore this week [...]
‘Big tech’ staff leaving in droves to join blockchain and crypto firms March 16, 2022 Crypto AM's Jonny Fry examines why big names like Amazon, Facebook, Apple, Google and Microsoft are losing staff to crypto projects.
Wagamama sales surge ahead of pre-Covid levels as the Restaurant Group ‘mindful’ of Ukraine inflationary impact March 16, 2022 Wagamama owner the Restaurant Group has reported sales surging ahead of pre-pandemic levels as the hospitality sector recovers from lockdowns. In full-year results, the operator said like-for-like sales at Wagamama, plus its pubs and leisure divisions, were well ahead of the 2019 comparable. Pub sales were up nine per cent while its leisure division saw [...]
Tactical asset allocation: the flexibility advantage March 15, 2022 Strategic asset allocation (SAA) determines long-run exposure to systematic risk factors. That said, current changes in monetary policy in many developed and emerging countries as well as the stage of the business cycle warrant tactical considerations. The tactical overlay strategy should generate added value by temporarily deviating from the weights assigned in the SAA process. [...]
Crypto donations continue to pour into Ukraine’s war effort March 14, 2022 Francisco Memoria thumbs through the last seven days in crypto to highlight the narratives that marked the week.
Office for National Statistics throws men’s suits out of inflation calculation basket and adds meat-free sausages March 14, 2022 The Office for National Statistics (ONS) has added meat-free sausages, sports bras and anti-bac wipes to the basket of goods its statisticians use to calculate price hikes. In its annual shake up of the basket, the ONS added 19 items to its Consumer Prices Index and threw out 15 items. Products to be added include [...]
The vibrancy of our lives, careers and our city depends on a return working together March 14, 2022 Spring is in the air and the sound of footfall is increasingly common across the City of London. Lunchtime queues at popular Square Mile’s cafes, restaurants and shops are spilling out across our streets and this renewed buzz – particularly midweek – is bringing back the creative energy that is the lifeblood of the City. [...]
Revolut executive walks out for crypto startup March 11, 2022 Revolut's chief revenue officer Alan Chang is exiting the British fintech company to pursue a new crypto venture.