Foresight targets £200m sustainable forestry company IPO September 6, 2021 London-listed sustainable investment manager Foresight has announced it is branching out with an IPO of a new fund that will invest solely in UK forestry assets. Incorporated only a week ago, Foresight Sustainable Forestry Company will list on London’s main market with a fundraising target of up to £200m, at a price of 100 pence [...]
Receding tapering fears propel FTSE 100 to three-week high September 6, 2021 Waning fears over central banks in developed economies scaling back monetary stimulus measures helped to propel London’s FTSE 100 to its highest level for three weeks today. The capital’s premier-index gained 0.71 per cent to hit 7,189.00 points heading into the final hour of trading. The blue-chip index was led higher by advertisers and broadcasters [...]
NFTs – what am I buying? September 3, 2021 Unlocking the confusion surrounding the exploding and mystifying world of NFTs.
Get your Crypto AM Awards entries in now – only two weeks left! September 3, 2021 Bitcoin will lay down its marker in history next week when the flagship cryptocurrency becomes legal tender in El Salvador.
Brexit: Three CAs from across British industry share how their businesses have been affected September 3, 2021 A Brexit deal may have been signed as the clock struck 2021, but many of the finer details are still being ironed out. Ryan Herman speaks to three chartered accountants (CAs) to discover how their businesses have been affected. This article first appeared in ICAS’ CA magazine. Depending on where you stand on Brexit politically, [...]
Surging tech megacaps power Nasdaq to another peak September 1, 2021 A surge among tech megacaps powered the Nasdaq to another record high during early trading on Wall Street today. The US’s tech-heavy benchmark has since fallen back from its fresh peak, but is still up 0.65 per cent to 15.358.32 points during mid-morning exchanges. The blue-chip S&P 500 jumped 0.18 per cent to 4,531.01 points [...]
Why a bespoke wine cellar might not cost what you think September 1, 2021 So maybe you have a burgeoning wine collection: a couple of cases of Super Tuscan you picked up for a good price en primeur, a Château Lafite you’re saving for a special occasion, some Cabernet Franc that won’t be at its best for another six or seven years. What you need, my friend, is a [...]
City Moves: Who’s switching jobs in the Square Mile this week? September 1, 2021 City A.M.’s Millie Turner provides a roundup of the most important hires and job moves across the City, every Wednesday afternoon. Email citymoves@cityam.com to be featured. Pictet Wealth Management poaches Goldman Sachs veteran as new CEO Pictet Wealth Management has appointed a Goldman Sachs veteran as its new CEO, following the departure of its long-standing lead Heinrich Adami. Joining next week, Robert [...]
UK house prices jump unexpectedly in August September 1, 2021 UK house prices jumped unexpectedly in August driven by strong demand for homes in the lower segment of the market, according to new figures released today. Data from Nationwide shows house prices rose 11 per cent annually in August, up from July’s 10.5 per cent increase. The shock rise is likely being driven by the [...]
Newmarket revealed as top supply shortage hotspot September 1, 2021 Newmarket in Suffolk has marked the biggest gap between the number of homes sold and new sellers over the past year. The town’s number of agreed sales was up 79 per cent on last July while new sellers entering the market has dropped 49 per cent, according to fresh data from property website Rightmove. Areas [...]