City Moves: Who’s switching jobs in the Square Mile this week? July 21, 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. Knight Frank Property consultancy Knight Frank has named its new head of farms a real estate, after Clive Hopkins retired after more than three decades with the firm. Will ‘Stan’ Matthews will oversee day-to-day management of [...]
Begbies Traynor bosses expect rising insolvencies in the coming months July 19, 2022 Begbies Traynor’s revenue has jumped more than a third over the past year, as the business recovery and financial advisory firm scoops up ailing firms. Executive chairman of the London-listed group, also a property services consultancy, said a string a acquisitions and a spike in trading has lifted its financials “comfortably ahead of original market [...]
Lawyers circle London Metal Exchange after nickel market meltdown July 19, 2022 London Metal Exchange is preparing to fend off a bevy of legal challenges from the US after it sensationally halted nickel trading earlier this year.
UK computer chip firm files lawsuit against rival firm amid £4bn takeover July 18, 2022 One of the UK’s largest computer chip manufacturers has filed a US lawsuit against an Israeli rival semiconductor company which is currently undergoing a billion-dollar takeover. London-listed IQE has accused Tower Semiconductor of “unlawfully” getting hold of IQE’s patents for its silicon technology, which is used in 5G tech. Patrick Wheeler, committee member of the [...]
London rents hit eyewatering average of £2,675 as homeownership falls further out of reach July 18, 2022 Rents in London have grown faster than anywhere else in the country for the second month running, with the average hitting £2,675. Londoners were found in February to already be dishing out more than 70 per cent of their monthly paycheck on their rent by city estate agent Benham and Reeves. Though the figure has [...]
Chelsea Creek is a rare opportunity to buy a designer new build near King’s Road July 17, 2022 Designed by Goddard Littlefair, this show-home at Chelsea Creek is a slice of country life Home to one of the only new canals built in London in the last 100 years, Chelsea Creek is the waterfront living quarter that’s a stone’s throw away from the King’s Road in Chelsea. The apartments are relatively affordably priced [...]
Overvalue your house at your peril July 17, 2022 Getting the price right is key to a successful sale, says Marlon Lloyd Malcolm head of sales at Lurot Brand One of the main reasons ven- dors are left with a bad taste when selling their home stems from incorrect valuations. This often results in the home sitting on the market and ultimately selling for less than [...]
Time to pour cold water on the FUD and misinformation from Bitcoin doubters July 16, 2022 Crypto AM's Dr Chris Kacher thinks the heat needs turning down on the current crypto FUD spread that reminds him of 2014 and 2018.
UK landlords urge new prime minister to strengthen supply amid record rent costs July 15, 2022 The UK’s new prime minister must address the trickling supply in the rental market, an industry body has urged, as average costs spiral northward. The heated rental market, which has seen tenants often offering over the asking price in order to secure a tenancy, is weighing on Brits’ aspirations for homeownership, according to the National [...]
The theories behind a crypto cycle all add up to some number crunching July 14, 2022 Crypto AM meets Globe Derivative Exchange CEO James West - a man who likes to play the numbers game with trends.