Exclusive: The boss of London’s oldest office provider returns from retirement to drive the City’s bounce-back April 4, 2022 As we passed the two-year anniversary of the first lockdown last month, City A.M. sits down with the CEO of London’s oldest office provider, who came out of retirement to drive the business’ post-Covid recovery. Shedding light on how the business and City has suffered, Argyll CEO John Drover reveals to this paper how his [...]
Prime London rent hits double-digit growth for first time since 2010 April 4, 2022 The priciest areas to rent in London have seen double-digit annual rental growth for the first time in more than a decade. According to figures released by Savills, growth in prime London hit 11.1 per cent in the first quarter of this year, against a backdrop of low stock levels. It is the first time [...]
Makeover for high street as cosmetic treatment firms snap up commercial units March 22, 2022 The UK high street is undergoing a makeover with fresh demand for units from dentists, cosmetic clinics and private healthcare. According to London estate agent Winkworth, commercial units are going to sealed bids as there has been a momentous pandemic interest in cosmetic procedures. Specialist medical services – including dentistry and cosmetic treatments – have [...]
Foreign home ownership in London swells by £6bn but oligarch exodus to slow cash influx from abroad March 14, 2022 Internationally-registered homes in London increased by £6bn last year, but the impact of Russian sanctions is expected to slow the rate of growth in the market. Despite the pandemic, there was a four per cent increase in the number of houses registered to buyers overseas, up to 84, 451, according to new numbers released by [...]
City Moves: Who’s switching jobs in the Square Mile this week? March 11, 2022 City A.M.’s Millie Turner provides a roundup of the most important hires and job moves across the City, every morning. Email citymoves@cityam.com to be featured. Laing O’Rourke Construction company Laing O’Rourke has posted a former specialist adviser to the House of Commons Science & Technology Committee to its board. Dr Hayaatun Sillem, CEO of the Royal Academy of Engineering, brings a wealth [...]
Supermarkets made hay from restrictions, now they need to consolidate to keep going March 11, 2022 THE rapid grocery delivery sector has grown at a staggering pace across Europe and the US. Two years on from when we first saw Getir, Weezy, Zapp and Gorillas advertised on buses and hoardings across London, data from the ONS revealed the average weekly sales of online groceries in December 2021 were £372m – more [...]
Prime Video pumps £10m into UK TV and film career training as industry flourishes March 2, 2022 Amazon Prime Video have announced today that it will be investing £10m into a new training initiative to open up opportunities for TV and film across the UK. Under Prime Video Pathway , the streaming giant will partner with the National Film and Television School (NFTS) to establish a UK-wide academy programme as well as funding and supporting two [...]
Skiing without the hassle at the Aman Melezin hotel in Courchevel February 28, 2022 The weekend: Take an early flight out of London and you can be skiing or snowboarding on the largest linked ski area in the world – with 600km of slopes across Les Trois Vallées – by the afternoon. For minimal time-wasting, the ski-in, ski-out Aman Melezin hotel is located on the Bellecôte Piste above Courchevel [...]
Ukraine war day four: Russian Army enters country’s second-largest city as fighting continues February 27, 2022 Russian troops have entered Ukraine’s second-largest city of Kharkiv and fighting is under way in the streets, Ukrainian authorities have said. Oleh Sinehubov, head of the Kharkiv regional administration, said Ukrainian forces are fighting Russian troops in the city and asked civilians not to leave their homes. Russian troops approached Kharkiv, which is located about [...]
Stock squeeze hindering buyers’ house hunts February 21, 2022 Nine in ten buyers have said a lack of houses on the market is hampering their property hunt. Buyers searching at the top end of the market have felt the impact of the stock crunch the most. Some 94 per cent of buyers with a budget of £1m and above reporting a lack of choice, [...]