Victoria Scholar: The economic clouds are parting – for housebuilders, at least February 8, 2024 Victoria Scholar is head of investment at interactive investor and writes a fortnightly notebook for City A.M. In a surprise announcement, Britain’s largest homebuilder Barratt Developments has offered to buy smaller FTSE 250 rival Redrow in a £2.52 billion deal. The announcement skyrocketed shares in Redrow, while Barratt extended its year-to-date declines. The new ‘Barratt [...]
‘The supply-demand balance in sport needs re-calibrating’ February 8, 2024 It would be nonsense to ask how much money top golfers need. How much they want, however? That’s easy. More. And more is what’s coming their way, this time from private equity investment into the PGA Tour, herd-following the Saudi investment via LIV Golf into the sport. It’s not just golf where athletes are reaping [...]
FCA urges Big Tech to crack down on fraud amid rise in unauthorised firms February 8, 2024 The Financial Conduct Authority (FCA) has launched a fresh call for social media firms to do more to prevent mass fraud on their platforms, City A.M. can reveal.
‘Barratt Redrow’ merger to highlight investors’ skewed opinions on UK housing market February 7, 2024 Shares in major FTSE 100 and 250 housebuilders suffered a mixed day so far on the London market, as Barratt Developments' surprise £2.5bn megamerger with Redrow highlighted investors' skewed opinions on the state of UK housing.
Barratt sinks and Redrow jumps after £2.5bn megamerger announced February 7, 2024 Two of Britain's leading homebuilders, Barratt and Redrow, have announced a merger agreement worth £2.5bn.
What’s On In London In February 2024 February 7, 2024 As London starts to blossom and we emerge from the winter slump. Central London Alliance brings opportunities for you to embrace the romance of the city for Valentine’s Day. In addition, we welcome in the Chinese New Year, with a vast array of exhibitions, events and experiences to keep you busy throughout the month. Revel [...]
‘Huge potential’ for City says UK science minister amid soaring UK quantum investment February 7, 2024 Investment into quantum computing has "huge potential" for London, according to the UK's science minister, Andrew Griffith.
The Debate: The urban fox – friend or foe? February 7, 2024 Urban foxes prowl the streets in ever-increasing numbers – is that a good thing? Our columnists battle it out before City A.M. delivers the verdict.
Over-hiring blamed as UK consultancy job vacancies nosedived last year February 7, 2024 The number of job vacancies at UK consultancies dropped by more than 80 per cent last year, as experts park the blame on firms over-hiring coupled with the drop in demand. According to data from a labour market analytics firm Vacancysoft shared with Bloomberg, McKinsey and Co., Bain & Co., Boston Consulting Group and Accenture [...]
Truss warns of ‘left-wing extremists’ as she seeks to galvanise ‘secret Tories’ February 6, 2024 Liz Truss has hit out at Rishi Sunak’s government for failing to take on “left-wing extremists” she said had gained control of UK institutions.