SHARE
British house prices surged at the strongest pace in 17 years in April, rising 2.1 per cent compared to March taking the average price to £238,831 ($332,785) – up almost £16,000 over the past 12 months, Nationwide said.
Prices were up 7.1 per cent compared to the same month a year ago, only slightly below the 7.3 per cent peak seen in December, the lender said, as the UK’s housing boom showed no signs of slowing down.
Read More
The acceleration in prices came after UK Finance Minister Rishi Sunak extended the stamp duty holiday at his March budget until the end of June to keep the property market buoyant as the country eases out of lockdown.
Despite the Deliveroo flop, the UK is on track for its strongest-ever annual performance for IPOs, as pent-up demand during the Covid-19 pandemic and optimism around vaccinations drive the surge in listings.
London achieved its strongest IPO showing in the first quarter in 14 years, the consultancy EY said, with more funds raised in the first three months of this year than in any other first quarter since 2007.
The £5.6bn in total funds raised was the most in a single quarter since 2014, with internet retailer Moonpig, Danish online review site Trustpilot and fashion retailer Dr Martens leading the charge.
You’ve got this pent-up activity that s still coming to the fore.
Read More
Darktrace, which uses AI to detect and respond to cyber threats, has adopted a more cautious approach accordingly, targeting a conservative valuation of up to £1.9bn for its flotation on the LSE s premium segment in what chief executive Poppy Gustafsson described as a “historic moment for the UK s thriving technology sector”.
With the books for the Darktrace listing reportedly covered on the first day of the roadshow, it s another sign of Britain s flourishing IPO market.
The UK is on track for its strongest-ever annual performance for IPOs, as pent-up demand during the Covid-19 pandemic and optimism around vaccinations drive the surge in listings.
4/28/2021 2:38:36 AM GMT | By Dhwani Mehta
Following a call with the US Treasury Secretary Janet Yellen, the UK Finance Minister Rishi Sunak and New Zealand’s Finance Minister Grant Robertson,
Australia s Treasurer Josh Frydenberg issued the media release, citing:
“Today Australia hosted a call with the Finance Ministers of the United States, the United Kingdom and New Zealand.”
“This call built on our discussions from last year, to share experiences managing the COVID‑19 crisis.”
“During the call we exchanged views on our policy responses, and discussed our respective fiscal positions and strategies to support a robust economic recovery.”
“We agreed to remain in regular contact as a group and will continue to work together in responding to the challenges we face.”
SHARE
A lobbying furore involving former UK prime minister David Cameron intensified on Wednesday as it was revealed a senior official was on the payroll of financial firm Greensill Capital while in charge of the government’s £40 billion ($55.05bn) annual procurement budget.
The company, run by investment banker Len Greensill, went into administration in March, putting thousands of UK jobs at risk and sparking a political storm over Mr Cameron’s efforts to secure taxpayer funds.
Prime Minister Boris Johnson on Monday ordered a review after it was revealed that Mr Cameron had exchanged texts with UK Finance Minister Rishi Sunak and set up a private meeting with Health Secretary Matt Hancock as he sought finance for the ailing company.