Risk-taking is the key to reinvigorating London’s equity markets June 19, 2023 So, structural weakness in London or the unique circumstances of an emerging market family business? That’s the question on many lips after WE Soda bailed out of its London float last week. The chief exec is (unsurprisingly) in the former camp, suggesting that institutional investors are somehow failing to step up in the capital’s battle [...]
The Notebook: Jeffrey Bronheim on what the UK could learn from the US’s attitude to ‘revolving doors’ June 19, 2023 Today, Jeffrey Bronheim, managing partner of law firm Cohen & Gresser‘s London office, takes the notebook pen. As an American who has built up a legal practice in London, I have seen differing views on what is dubbed the ‘revolving door’ between business and government on either side of the Atlantic. In the UK, politicians [...]
Exclusive: Home REIT shareholder calls for FCA probe into ‘misleading’ statements June 19, 2023 The City watchdog is under pressure to investigate scandal-hit social housing investor Home REIT on the grounds it repeatedly misled the market and left investors “badly burnt”, City A.M. can reveal.
F1 star Bottas among big name investors to back wine investment firm Cult Wines June 19, 2023 F1 driver Valtteri Bottas and the former chair of Moet-Hennessy are among the names to have backed a fresh £1.7m funding injection in wine investment firm Cult Wines, the firm announced today. Cult Wines, founded in London in 2007, announced today the seed fundraising round was led by Christophe Navarre, the former Moet-Hennessy chief and chairman [...]
‘Constructive’: US and China meet in bid to cool tensions June 18, 2023 US secretary of state Anthony Blinken and China’s foreign minister Qin Gang met today in Beijing to begin a two-day set of talks. Whilst neither side expects a major breakthrough to emerge, US officials said the main goal is to stabilise a relationship that has become extremely tense. The talks come at a time of [...]
Berkeley Group looking to ease housing market fears ahead of further interest rate pain June 18, 2023 Housebuilder Berkeley is looking to soothe fears of more interest rate pain and a slump in the housing market this week as it updates the City on its full year’s performance.
Ex-Tesco boss John Allan says he was ‘propelled under the nearest bus’ following misconduct allegations June 18, 2023 Ex-Tesco boss John Allan said there was “absolutely no substance” to the allegations of misconduct against him, arguing he had not been treated fairly. Since the misconduct allegations were made against him last month, Allan has left his role as chair of Tesco, where he served for eight years, and Barratt Developments, where he had [...]
Brett Christophers: Be wary of outsourcing climate change response to ‘ruthlessly extractive’ asset managers June 18, 2023 Academic Brett Christophers has warned that governments’ attempts to outsource the response to climate change to asset managers, such as those at Blackstone and Brookfield, will have damaging consequences. Christophers, who recently published Our Lives in their Portfolios, told City A.M. that “the infrastructural response to climate change both in terms of mitigation and adaptation [...]
London investors failing to ‘step up’ in fight for IPOs, says WE Soda chief June 18, 2023 The boss of WE Soda has taken aim at the “commitment” of London and European investors today after the soda ash maker ditched its listing plans last week due to the meagre valuation mooted by the market.
John Lewis property chief resigns in latest top rank exit June 18, 2023 John Lewis property boss Chris Harris has resigned after a five-year stint, placing further pressure on the struggling retailer’s chair Dame Sharon White. Harris, who held the role of property director, handed in his resignation last week, according to reports in the Sunday Times, but will remain at the firm until November. He had played [...]