City Moves: Who’s switching jobs in the Square Mile? May 20, 2022 City A.M.’s Millie Turner provides a roundup of the most important hires and job moves across the City, every morning. Email citymoves@cityam.com to be featured. BNP Paribas Real Estate BNP Paribas Real Estate (BNPPRE) has bolstered its West End Agency team with a new director. Katrina Love previously spent 11 years in Colliers’ central London office team. The Colliers veteran, who had [...]
Lord O’Neill’s Northern Gritstone raises £215m with backing from pension funds May 19, 2022 Investment company Northern Gritstone has raised £215m in funding after it received backing from local pension funds. A joint venture between Leeds, Manchester and Sheffield universities, the firm has secured funding from the Greater Manchester Pension Fund and West Yorkshire Pension Fund among others, Sky News first reported. “The strong endorsement of Northern Gritstone we’ve [...]
European Commission proposes carbon allowances sell-off to ensure energy security May 19, 2022 The European Commission announced €20bn worth of allowances will be sold to help fund its green ambitions and ensure the bloc's energy security.
Ex-White & Case lawyer says he faced discrimination due to anxiety and depression May 19, 2022 A former White & Case partner has accused the firm of being a “toxic” workplace after claiming he was pushed out of his position at White & Case’s London office after developing depression due to his wife’s cancer diagnosis. Michael Wistow, the former co-head of White & Case’s EMEA tax practice, has said he was [...]
Klarna looks for fresh funding at slashed valuation of $30bn May 19, 2022 Buy-now pay-later giant Klarna is looking to raise fresh funding at less than a third of its most recent valuation, as the rout in global tech stocks begins to spread onto private markets.
HomeServe agrees to £4bn acquisition with founding chief exec and his wife netting £495m May 19, 2022 London-listed firm HomeServe has agreed to a £4bn acquisition, with its founder and his wife picking up a cool half-a-billion. The pipe-fixing company has been bought out by Bidco, a subsidiary of Canadian company Brookfield Infrastructure funds. As part of the agreement, each shareholder is entitled to 1,200 pence per share, with founder Richard Harpin’s [...]
FCA gives greenlight to River and Mercantile takeover by Gilbert’s AssetCo May 19, 2022 The FCA has given the greenlight today to the takeover of River and Mercantile by the investment vehicle headed by city veteran Martin Gilbert.
When complex arrangements are really just good-old employment income in disguise May 19, 2022 Justine Riccomini explains why it is important for employment tax practitioners to “look through” what appears to be a complex arrangement and see it for what it really is – in this case, a way of paying cash bonuses to employees. Background In Jones Bros Ruthin (Civil Engineering) Co Ltd and Britannia Hotels Ltd v [...]
Coinbase issues rallying cry as exchanges are battered by crypto crash May 19, 2022 Crypto exchange Coinbase has issued a rallying cry for crypto today as it scrambles to restore confidence from customers after a plunge in the market in recent weeks.
FCA to be granted powers to protect cash access as banks slash branches May 19, 2022 The UK’s top financial watchdog will be granted fresh powers to ensure that banks provide access to cash as Britain’s high street lenders move to slash branch numbers across the country.