By Nicholas Earl Blackstone will build its new European headquarters in London at its Mayfair base, in a fresh post-Brexit boost for the for the capital. The world’s largest alternative asset manager will occupy the redeveloped Lansdowne House – which …
That’s Rough: Gas storage site still not open as winter crisis looms
By Nicholas Earl The UK’s largest gas storage facility is unlikely to play a huge role in the UK’s scramble for supply security this winter, with the Government and British Gas owner Centrica still unable to confirm a funding deal for its reopening. Th…
Trust the code, not the confused
By Darren Parkin by Rufus Round, CEO of GlobalBlock The last two weeks have seen decisions made by both the UK government and the Bank of England that have created turmoil in traditional finance. The Bank of England, alongside most western economies, i…
Stronger than expected US job growth plunges pound against dollar
By Leah Montebello The pound slipped 0.3 per cent against the dollar at $1.113 this afternoon after US labour figures suggested stronger than expected jobs growth. US employers added 263,000 jobs in September as the country’s unemployment rate dropped …
US employment market tightens as companies add 263,000 jobs
By Louis Goss US employers added 263,000 jobs in September as the country’s unemployment rate dropped to 3.5 per cent, figures from the Bureau of Labour Statistics show. Economists polled by Reuters had previously expected US employers would add 250,00…
Exclusive: Starmer raises alarm on house price ‘shocks’ as mortgage rates rise
By Stefan Boscia Sir Keir Starmer has warned about potential housing price “shocks” across the UK in the wake of dramatic mortgage rate rises. The Labour leader today told City A.M. there’s “no market confidence” in the government and that “we are goin…
Sweden confirms detonation caused ruptures across Nord Stream pipeline
By Nicholas Earl Sweden’s investigation of the Nord Stream pipelines have bolstered suspicions of “gross sabotage” involving detonations. The recent ruptures in the pipeline were caused by detonations, the country’s security service has determined Swed…
FCA slaps City broker with £531,000 fine over missing suspicious transactions
By Ilaria Grasso Macola The Financial Conduct Authority (FCA) has slapped City stock broker Sigma with a £531,000 fine after it failed to identify 97 suspicious transactions. The watchdog also found the firm guilty of inadequately reporting 56,000 cont…
It will (probably) be alright: National Grid says winter blackouts are ‘unlikely’
By Nicholas Earl The UK should avoid blackouts this winter, according to the National Grid, with sufficient supplies being available to meet Brits’ energy needs in the coldest months of the year. It believes the country’s energy system can navigate a s…
Exclusive: Manufacturing sector lacks clear data for net zero drive
By Nicholas Earl A lack of shared reporting standards for carbon emissions across industry could jeopardise the UK’s net zero ambitions, warned a leading strategic manufacturing group. High Value Manufacturing Catapult (HVMC) has called for a universal…