The super-prime market in London is booming. More mansions in the capital are being sold, for higher prices, to an increasingly international base. In 2023, sales of super-luxury new-build London apartments rose …
Investing
Moving markets: Will FTSE 100 ride the ‘FOMO’ wave in AI trade today?
Moving markets today: Asian markets follow wall street surge, Nvidia fuels AI frenzy, oil prices drop, China’s home prices slide; focus on German GDP and StanChart earnings S&P 500 reaches …
Nvidia surges to record $277 billion market cap in single day, riding AI ‘FOMO’ wave
Nvidia, a leading chipmaker, shattered records by achieving the largest single-session market capitalization increase for a publicly listed company. The company witnessed an astonishing 16.4% surge in its share price, …
Cricket: England, India, Bazball and cracked pitches
Come 4am tomorrow morning in Ranchi, England’s Bazball revolution sees its next chapter get underway. Because in the fourth Test between India and England there’s now a series on the …
Awards announced for Square Mile’s green champions
The City of London Corporation has marked three decades of working towards a greener Square Mile by doling out awards to the City’s clean energy champions. Estate agent Savills scooped …
Post Office row: Top civil servant denies telling Henry Staunton to delay payments
The senior civil servant former Post Office chairman Henry Staunton claimed told him to delay the Horizon IT compensation payments has denied such a conversation took place. Sarah Munby, who …
Lloyds could face £3.5bn hit from FCA motor finance probe, analysts warn
A wide-ranging review of historic motor finance commission arrangements has rocked the UK’s banking sector at a time when the biggest players are reporting record profits. Following a spike in …
Troubles for Custodian as bidding war over Abrdn property trust escalates
Dissatisfaction among the shareholders of the Custodian Property Income REIT has erupted over the trust’s bidding war for the £203.6m Abrdn Property Income Trust. Custodian, who placed their bid for …
Debanking: First Farage, now London sex workers in bid to end ‘Victorian age’ lending
London campaigners are urging the government and mayoral candidates to help drag the capital’s adult entertainment workers out of a “Victorian age” of banking. The city’s sex workers are in …
ECB and Fed more concerned by risk of persistent inflation than slow growth, minutes suggest
The European Central Bank (ECB) and the US Federal Reserve are more concerned about a premature easing in monetary policy than potentially squashing the economy, minutes from the latest meetings …