Appetite for stock market debuts in London will remain strong this year, says broker FinnCap May 24, 2017 FinnCap advised companies on raising a total of £363m in the year ending 30 April, the independent broker said today. The firm, which claims to be “largest adviser on the London Stock Exchange”, worked on transactions including Constellation Healthcare – which was taken private in a £247m deal – and the initial public offerings (IPOs) [...]
How much is winning the Europa League worth? What Manchester United will make for beating Ajax May 23, 2017 Manchester United stand to pocket €14.7m in prize money should they beat Ajax in tomorrow’s Europa League final. The Premier League giants have so far amassed €8.2m in prize money payments and will be rewarded with a further €6.5m for winning the final by European football governing body Uefa. Should United lose to Ajax, whose [...]
Labour donor and JML founder John Mills warns against attempts to create a new centrist political party May 23, 2017 Millionaire Labour donor John Mills has pushed back against suggestions that party backers should fund a new political organisation. Reports in mid-May suggested that allies of former Prime Minister Tony Blair were drawing up plans to create a new party, while senior Lib Dem Vince Cable has predicted “serious conversations” after the election. However retail [...]
Blockchain consortium R3 has raised a $107m series A round of funding from top banks like HSBC, Barclays, UBS and Wells Fargo May 23, 2017 One of the biggest consortium’s working on blockchain technology has raised $107m from the world’s top banks and other big name investors, it’s been revealed. R3 founder and chief executive David Rutter announced the huge figure for its series A round on stage at a blockchain conference in New York, calling the investment “unprecedented”. Investors [...]
General Election 2017: Forget the outrage, Prime Minister Theresa May should not have U-turned on social care May 23, 2017 When is a U-turn not a U-turn? When it’s made by strong and stable Prime Minister Theresa May, of course, who insisted yesterday that her sudden pledge to cap the amount of money people will pay towards their social care was in no way a change of tack. The Tory leader put on an impressive [...]
Ford chief executive Mark Fields leaves in management shake-up as boss of driverless car unit Jim Hackett replaces him May 22, 2017 The chief executive of Ford is being replaced by another Ford executive, Jim Hackett. Mark Fields has chosen to retire after 28 years with the firm. Read more: Ford to cut 10 per cent of salaried jobs across the pond Hackett oversaw the Ford subsidiary that works on driverless cars, Ford Smart Mobility. The US [...]
CHI&Partners chief executive Sarah Golding talks taking up the IPA presidency May 22, 2017 I got rather lost in Fitzrovia searching for the CHI&Partners office; I thought I’d been there before, forgetting that in fact, the business and its affiliates are slowly but surely colonising the area around Rathbone Street, and I was at the wrong building. This time I was meeting Sarah Golding, CHI’s chief executive – hawk-eyed [...]
Here’s how much losing access to the Single Market could cost the UK economy as financial services are forecast to take the biggest hit May 22, 2017 There has been much discussion around what losing access to the Single Market will mean for Britain, and now, a new report has totted up how much it would cost the UK economy if no deal was secured on services. A report by the Centre for Economics and Business Research, commissioned by the anti-Brexit campaign [...]
The Bank junction car ban comes into force on Monday 22 May: Here’s everything you need to know on why taxis are banned and buses allowed May 22, 2017 The day is here… From today, Bank junction will be closed to all vehicles apart from buses, as revealed by City A.M. last month. It’s a long-running trial, so here’s what you need to know about the changes… Read more: Revealed: City of London has set a date for the car ban at Bank junction [...]
Bank junction traffic ban: Mytaxi calls on the City of London Corporation to rethink the 18-month closure over disruption concerns May 22, 2017 The boss of e-hailing taxi app Mytaxi has written to the City of London Corporation calling for today’s closure of Bank junction to be reassessed amid concern over the disruption it will cause. In the letter, seen by City A.M., Mytaxi general manager Andy Jones calls for a regular review of the trial period, which [...]