Mexican food brand Tortilla announces AIM float intention September 24, 2021 Mexican fast food chain Tortilla has announced its intention to seek admission of its shares to trading on London’s AIM market. The restaurant brand Tortilla boasts 62 sites across the country including 50 venues operated by the group and two franchise sites in the UK. The group also operates 10 franchised sites in the Middle [...]
City Moves: Who’s switching jobs in the Square Mile today? September 24, 2021 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. BNP Paribas Asset Management BNP Paribas Asset Management (BNPP AM) has hired Maya Bhandari as Global Head of Multi-Asset, who will join the firm at the beginning of November. Based in the capital, Bhandari will report [...]
Chinese authorities warn local governments to brace for Evergrande collapse September 23, 2021 Chinese authorities have told local governments to brace for the ripple effects if heavily indebted property developer Evergrande collapses. According to the Wall Street Journal, local governments in China have been tasked with stemming the damage inflicted on homeowners and preventing civil unrest if Evergrande folds. The property developer was scheduled to make an interest [...]
House sellers in London less willing to drop asking prices September 23, 2021 House sellers in the capital are feeling increasingly confident as the number of sellers willing to drop their asking prices fell last month. There was a 51 per cent decrease in the number of home-sellers being prepared to drop their asking prices in August, compared to July. Estate agency Chestertons said a return of seller [...]
Bitcoin on road to recovery, but options expiry on Friday looms large September 23, 2021 The cryptocurrency market continues to recover this morning, with Bitcoin (BTC) rising around four per cent in price over the last 24 hours to just below the $44k mark.
FTSE 100 extends rally as investors eye MPC meeting September 23, 2021 London’s FTSE 100 continued its rally today as investors mull whether the Bank of England will follow the US Federal Reserve’s example and signal bond buying will taper this year. The capital’s premier index added 0.50 per cent to reach 7,119.04 points during the first hour of trading. The blue-chip index has recovered from heavy [...]
Bitcoin briefly dips below $40k, but could positive Evergrande news spark recovery? September 22, 2021 The price of Bitcoin fell below $40,000 in the early hours of this morning for the first time in six weeks.
FTSE 100 tops 7,000 as investors eye Fed rate decision September 22, 2021 London’s FTSE 100 topped the 7,000 this morning as investors shift their focus from the potential impact if embattled Chinese property developer Evergrande collapses to today’s rate decision by the US Federal Reserve. The capital’s premier index climbed 0.87 per cent to 7,041.72 points during early exchanges. The US central bank will announce its next [...]
Easing Evergrande fears lift FTSE 100 as investors brace for Fed rate decision September 21, 2021 The FTSE 100 rallied today to cancel out sharp losses registered yesterday, driven by easing fears over the fallout if heavily indebted Chinese property Evergrande collapses. The capital’s premier index finished up 1.12 per cent at 6,980.98 points, up from this week’s starting position of 6,963.64 points. Global markets sold off sharply on Monday, triggered [...]
Anthony Joshua signs new deal committing to Eddie Hearn’s Matchroom Boxing for the rest of his career September 21, 2021 British boxing superstar Anthony Joshua has ended speculation about a split from Matchroom by committing to a new deal with the promoter for the rest of his career. Joshua signed the contract today, five days before his heavyweight world title defence against Oleksandr Usyk at the Tottenham Hotspur Stadium in London. “I have heard that [...]