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. [...]
Bitcoin could minimise the threat of nuclear war April 7, 2022 Bitcoin is the 'weapon' that prevents attackers from denying people access to their property without resulting in war, says Chris Kacher.
Workspace posts slow but steady recovery amid hybrid office return April 7, 2022 Workspace Group makes a bounce back, with like-for-like occupancy for office space up three per cent thanks to SMEs demand.
City Moves: Who’s switching jobs in the Square Mile today? April 6, 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. Guinness Global Investors Guinness Global Investors has appointed two leads to its London office. Patrick Healey, who joins as head of operations, from Kepler Partners, and has held a handful of roles at Deutsche Bank, RBC, Nomura [...]
Number of properties available for purchase before being constructed soaring to levels ‘never witnessed before’ April 5, 2022 Record numbers of homes sold will be “off plan” by the end of the year, a property group told City A.M. this morning. The National Association of Property Buyers believe the number of properties available for purchase before they have been constructed will soar to levels never witnessed before. According to data shared with this [...]