City Moves: Who’s switching jobs in the Square Mile this week? January 18, 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 Real estate giant Knight Frank has posted a new partner to its London office leasing team, who will work closely with the capital’s landlords. Mike Voller, who re-joins the firm after six years, will advise [...]
Coinweb and Coldwell Banker join forces with mission to enable mainstream real estate tokenisation January 17, 2022 Development has already begun on the platform, with a product release in beta planned for Q3 2022, from the joint project between Coinweb and Coldwell Banker.
Brits shrug off cost of living squeeze and rush to snap up homes January 17, 2022 Brits are shrugging off the cost of living crisis and higher mortgage costs and are rushing to snap up homes, reveals a new study published today. A housing market frenzy in 2021 triggered by the pandemic engineering a mass shift in housing preferences and the stamp duty holiday has bled into the new year. The [...]
City Moves: Who’s switching jobs in the Square Mile this week? January 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. Aon Professional services firm Aon has hired an ex-HSBC director as its new enterprise client leader for financial institutions team. Pete Rutherford, who has held positions at Abrdn, the Royal Bank of Scotland and Clydesdale Bank, brings [...]
London home to £41bn empty properties despite soaring buyer demand January 13, 2022 Some £41bn worth of empty homes are sitting vacant across the London market despite increased buyer demand. An estimated £200bn worth of homes are vacant across Britain, a 2.1 per cent increase on the previous alone. Estate agents Barrows and Forrester analysed government data to reveal that London is home to 80,295 empty properties with [...]
Nightcap eyes portfolio expansion as CEO ‘proves critics wrong’ after pandemic-launch January 12, 2022 Bar operator Nightcap hit £15.5m in net sales during its first full year of trading, as it lines up 25 new site openings this year. Boss Sarah Willingham, whose group owns Tonight Josephine and the London Cocktail Club, told CityA.M. she had “never been prouder” to work in hospitality than during the pandemic. The company [...]
Nickel prices rise to 10-year highs as car giants embrace electric vehicles January 12, 2022 Nickel prices surged to decade-highs on Wednesday, as car giants scramble to secure supplies for electric vehicle batteries as the market booms.
London beats Cornwall to be most desired location for buyers January 12, 2022 London was 2021’s most searched for destination by potential buyers, property site Rightmove has shared. The capital beat Cornwall, which had piqued buyers’ interests earlier in the year. However, a desire to escape to the countryside was clear in the difference in total number of searches between London and Cornwall. The difference was just three [...]
Renters rush back to capital as available properties drop off market January 11, 2022 Prime London boroughs have seen huge reductions in available rental stock as pandemic uncertainty subsidies for renters. In the final quarter of 2021, London rental stock had fallen to its lowest level since the end of 2019, just before the pandemic hit, according to data from central London estate agency, Bective. It comes as renters [...]
Top Chinese economist suggests £230bn plan to boost shrinking population January 11, 2022 A top Chinese economist has advised the central bank to print around £230bn worth of extra cash a year over the next decade, in a bid to incentivise the population to have more children. The capital would be used to subsidise housing costs, as well as build more childcare facilities, chief economist at SooChow Securities [...]