Take the hassle out of rental searches March 15, 2022 Avasa is the rental portal that aims to deliver transparent and efficient end-to-end solutions so tenants can easily find properties that suit them. Its sherpa service provides you with a personal assistant for home search and sets out the best home search strategy for you. This sherpa service identifies the best areas for your lifestyle [...]
We need to build up Britain’s piggy bank and help young workers saving for the future March 15, 2022 Ten years ago, a government policy came into law that would go on to financially benefit over 10 million people in the UK, giving them a greater stake in our economy and more security later in life. Automatic enrolment is an untold, underappreciated success story that we should look to build on and expand. For [...]
Editorial: No sympathy for the sanctioned, but seizures are dangerous path to tread March 14, 2022 It is not easy to feel much sympathy for Oleg Deripaska, whose mansion on Belgrave Square was squatted by a group of protestors yesterday, ostensibly to reclaim it as a home for Ukrainian refugees. It is notably more than the Government itself has managed so far with regards to working out where and how the [...]
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 [...]
Bitcoin holds at $39k as EU prepares crypto legislation vote March 14, 2022 The price of Bitcoin has been flat over the past 24 hours, currently sitting at around $39k as Ethereum hangs on to $2,500.
Furlough scheme pushed back age of first-time buyer to 34 March 14, 2022 Despite a property market boom during the pandemic, the furlough scheme pushed back the average age of first time buyers by up to two years. The government’s initiative may have given a lifeline to millions as Covid restrictions plunged society into chaos, but its long term impact has reportedly been to stall many people’s ability [...]
FTSE Russell to delete Russian firms from indexes including Evraz March 14, 2022 London Stock Exchange subsidiary FTSE Russell has said it intends to delete several Russian firms from its indexes. Companies to be deleted include Evraz, the FTSE 100 steel giant, of which former Chelsea owner and billionaire oligarch Roman Abramovich owns a 29 per cent stake. Other firms include Polymetal, the FTSE 100 precious metals mining [...]
Rental market now ‘in full swing’ after strong recovery from pandemic low March 11, 2022 The rental market has returned to “full swing” from the pandemic low as stock levels fell dramatically from this time last year. With all Covid restrictions lifted, tenants are once again looking for a place to call home, with just 64,839 rental properties listed across these 21 major UK cities, according to numbers shared 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 [...]
Russian oligarchs look towards Dubai and Israel in efforts to avoid sanctions March 10, 2022 Legal experts have said Russian oligarchs, looking for new jurisdictions to store their wealth, may be turning towards Dubai and Israel due to a lack of other options, as they seek to avoid sanctions and exit Russia’s crumbling economy. Speaking to City A.M. David Savage, head of financial crime at London law firm Stewarts, said [...]