Crypto-phobia risks tarnishing blockchain with the bitcoin brush April 9, 2018 Bitcoin, the most well-known cryptocurrency, has been associated with dark and unsavoury topics such as human trafficking, money laundering, and most recently indecent image transfer. As such, cryptocurrencies, and their foundational technology blockchain, have been negatively tainted in the public eye. While we cannot shy away from confronting this dark side of cryptocurrency, there remains [...]
Listen up! The City’s campaign for mental health is coming to a workplace near you April 9, 2018 Listening is an underrated skill. We think that we do it all the time, but there’s a difference between hearing and actively listening. Listening can be incredibly powerful. It can provide a lifeline for someone who is struggling, prevent someone hitting crisis point, and can turn a life around. Today, the Lord Mayor’s Appeal, working [...]
After a bumpy end to 2017 what is the outlook for the London listing market in 2018? April 9, 2018 Nearly £3bn worth of initial public offerings (IPOs) were pulled in London at the end of last year. Deals that were announced but then failed to make it to market include debt collector Cabot Credit Management, professional services business TMF Group and phone mast company Arqiva. In the six months to December companies that had [...]
Number of UK buy-to-let investors hits record 2.5m high April 9, 2018 The number of buy-to-let investors in the UK has hit an all-time high of 2.5m in the latest tax year. According to research from real estate agency Ludlow Thompson, the number of buy-to-let investors has increased five per cent in the last year, and 27 per cent over the last five years. The new research [...]
American Patrick Reed holds his nerve to land first Major of his career after Masters triumph April 9, 2018 American Patrick Reed held his nerve to secure the first Major of his career after defeating fellow countryman Rickie Fowler by a single stroke at the Masters at Augusta National. Starting the day with a three-shot lead, Reed saw off challenges at different stages from former world No1s Rory McIlory and Jordan Spieth – the [...]
Fear not – a flurry of inbound mergers and acquisitions is good news for post-Brexit Britain April 9, 2018 Good news for bankers! Dealmaking this year has jumped to levels close to a pre-credit-crunch peak reached more than a decade ago. That’s according to figures published today by accountancy giant EY. Mergers and acquisitions involving UK parties totalled a whopping $120bn (£85bn) in the first quarter of 2018, eclipsing the $51bn recorded in the [...]
Financial services bosses back the City to remain Europe’s hub after Brexit April 9, 2018 The vast majority of global financial services bosses believe London will remain at the pinnacle of the European industry after Brexit in spite of widespread fears that leaving the EU will dent the UK economy, according to a survey of bosses at big firms. Some 88 per cent of the more than 100 senior leaders [...]
Wah Nails founder Sharmadean Reid grabs $1m from Saul Klein’s Localglobe for new beauty networking app Beautystack April 9, 2018 The founder of London salon chain Wah Nails has proved she means business with her latest beauty venture, grabbing almost $1m of funding from Saul Klein’s Localglobe and angel investors. Wah’s Sharmadean Reid plans to use the funding to develop and launch the app of Beautystack, a new platform which acts as a beauty appointment [...]
Christian Sewing confirmed as new Deutsche Bank head to replace chief executive John Cryan | City A.M. April 8, 2018 Deutsche Bank has replaced chief executive John Cryan with one of his deputies, Christian Sewing, the German lender confirmed after a meeting of its supervisory board. The bank had said it would “take a decision” on the future of the chief executive today on a call led by the board’s chair, Paul Achleitner, who has [...]
Nightclub operator Deltic prepares for night on the town as IPO plans are put back on the table April 8, 2018 Nightclub operator Deltic has put plans for a public market float back on the table, mulling a capital markets day for later this month. The capital markets day would allow Deltic, which operates under brands such as Pryzm and Steinbeck & Shaw, to woo investors and gauge appetite for an initial public offering (IPO). Deltic [...]