Bieber and Paltrow among celebs pouring $87m into NFT firm Moonpay April 13, 2022 Crypto startup Moonpay has raised $87m (£67m) from dozens of celebrity investors including Justin Bieber, James Corden and Gwenyth Paltrow.
City Moves: Who’s switching jobs in the Square Mile? April 13, 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. LHV UK Fintech and crypto banking services provider LHV UK has bolstered its board with an independent non-executive director. Stepping onto the board at the beginning of May, Keith Butcher joins the City based firm with a raft [...]
Knight Frank: UK house price growth will peak as cost-of-living climbs April 13, 2022 UK house price growth is thought to have peaked and will begin its descent away from record figures as the cost-of-living crisis in the country swells, researchers at Knight Frank forecast. With runaway inflation and rising energy bills, the list of obstacles in front of house buyers has continued to grow exponentially since the pandemic. [...]
Sorare still confident of Premier League NFT deal and preparing US sports expansion April 12, 2022 Sorare, the NFT-based fantasy football platform valued at $4.3bn last year, remains confident of signing a deal with the Premier League despite suggestions it had missed out. The fast-growing French tech company has targeted licensing agreements with football’s top 20 leagues and already has contracts with Spain’s LaLiga and Germany’s Bundesliga. NFTs – non-fungible tokens, [...]
Glencore and General Motors broker cobalt deal as metal rush intensifies April 12, 2022 Glencore and General Motors (GM) has announced a multi-year sourcing agreement for cobalt supplies to bolster supply chains between both companies.
Make like a Bridgerton and book 18th century period property Keythorpe Hall – with its own staff April 11, 2022 Whether you’re a fan of Regency-era period drama Bridgerton or can’t stand the sight of it, retreating to a stately pile in the English countryside has always been a pleasant experience, especially for Londoners. Even though restrictions have lifted for foreign travel I still love nothing more than a simple drive out of the capital [...]
Property deposits for first-time buyers swell over 50 per cent in last decade April 11, 2022 The average deposit for first-time buyers has rocketed more than 50 per cent over the last 10 years – even after adjusting for inflation, according to a new study. As homeownership falls further out of reach for first timers, those trying to get on the property ladder must have a deposit of more than £45,500, [...]
Middle class run on equity release: Cash-hungry home owners squeeze nearly £5bn out of their properties April 9, 2022 Equity release payments in the UK increased by almost £1bn in 2021, as more and more people look for alternative ways of ensuring healthy and happy retirements. Between 2020 – 2021, the amount of money released in the UK rose from £3.9bn to £4.8bn, an annual increase of £940 million, or 24.4 per cent, according [...]
The Royal Mint is creating an NFT – is this the security investors needed? April 8, 2022 Keith Oliver of Peters & Peters cross examines the Royal Mint's moves into NFT territory, asking 'Is this the security investors needed?'
The City View: Guy Harrington, CEO of property lender Glenhawk, on housing market outlook April 7, 2022 Today Andy Silvester talks to CEO of property lender Glenhawk. They talk about Glenhawk’s inception and its bridging loans solutions; the housing market as it stands right now, its resilience, and what’s to be expected going forward; whether there is still the push to live outside of London; and demand for property in the capital. [...]