OnTheMarket CFO to depart role next year as property platform revenue booms August 1, 2022 Property search platform OnTheMarket has announced its chief financial office will be leaving the firm early next year. Clive Beattie has resigned from his position at the London-listed company to pursue another company, OnTheMarket infomed investors on Monday morning. The board has appointed consulting firm Korn Ferry to kick start a recruitment drive for a [...]
Dirty money being hidden on our shores will be brought into the harsh light of day August 1, 2022 THE world fundamentally changed on 24th February when Russia invaded Ukraine, a sovereign and democratic European country. This barbaric action demanded that the UK government take bold and decisive action, identifying all avenues by which we could choke off those supporting Putin’s campaign of destruction. On top of a comprehensive package of economic sanctions, we launched a [...]
Brits struggle to cut back as inflation eats into budgets August 1, 2022 Brits are struggling to find any more areas of spending to cut back on to keep their finances above water, a new survey published today reveals. Over one in 10 households will have nothing else to slash from their budgets when the October energy price cap hike lands, according to a survey by Legal and [...]
‘The Great Resignation could be followed by a Great Redundancy,’ DWF chief says July 29, 2022 A downturn in the legal market could see widespread layoffs in the City’s top-ranking law firms, the head of London listed law firm DWF told City A.M. The lawyers that jumped ship in “big numbers” in pursuit of six-figure salaries in London’s most prestigious firms could soon be laid off, as the top firms make [...]
Rightmove’s profits and revenue up while average of 1.5bn minutes spend on site a month July 29, 2022 Renting site Rightmove had a spike in both profits and revenues in the first half of the year, as customers spent an average of 1.5bn minutes on its site per month. It raked in £162m in the first half of the year, up nine per cent on 2021, while its operating profit was at £121.3m, [...]
Online searches for shared workspaces more than double as more Brits move towards hybrid working July 27, 2022 Interest in companies providing shared workspaces continues to rise as businesses look for new approaches to hybrid working. In fact, online searches for ‘WeWork’ more than doubled (up 144 per cent) in the first six months of 2022 compared to last year, while searches for ‘Workspace’ rose by nearly a third (32 per cent), as [...]
Homeowners on edge as inflation and interest rates rise: What is next for UK mortgage rates? July 26, 2022 Many people up and down the country will be feeling the financial strain of the cost-of-living crisis, and this’ll only add more pressure on the monthly budgets of millions of UK mortgage homeowners and of those currently looking to buy. With the Bank of England’s base rates having risen to 1.25 per cent in June [...]
Dexters snaps up sixth rival agency in 12-months in London property boom July 25, 2022 London estate agents Dexters yesterday snapped up its sixth competitor in the past year, as it looks to make significant headway in the capital’s booming property market. Dexters declined to comment on the price of the agreement, but industry sources believe the deal for Conran was a seven-figure sum. “London has bounced back from [...]
US Federal Reserve to back up monster rate hike with another 75 basis point move July 25, 2022 The US Federal Reserve will back up its monster rate rise last month with another big 75 basis point hike this week as it chases down scorching inflation across the pond. That’s according to Wall Street analysts, who think Fed chair Jerome Powell and the rest of the federal open market committee (FOMC) will need [...]
National Crime Agency seized almost £27m in crypto over the past year July 25, 2022 The UK’s National Crime Agency seized £26.9m worth of cryptocurrency from 2021-2022. The law enforcement agency did not report any crypto seizures the year before as it seized £40.1m in physical assets and monies, according to its annual report. It seized £32.9m worth of those assets in 2021-2022. “With no change in the volume of [...]