Jack Dorsey’s first-ever tweet sells for $2.9m as a non-fungible token March 22, 2021 Twitter boss Jack Dorsey sold his first tweet as an NFT for just over $2.9m earlier today. The tweet is in the form of a non-fungible token (NFT) – a kind of unique digital asset that has exploded in popularity so far in 2021. Each NFT has its own blockchain-based digital signature, which serves as [...]
Apollo chairman Leon Black quits following review into his ties to Jeffrey Epstein March 22, 2021 Leon Black, chairman of Apollo Global Management, has agreed to step down from his post following an independent review of his ties with disgraced financier and convicted sex offender Jeffrey Epstein. New York City-headquartered Apollo Global Management has appointed Jay Clayton, former US Securities and Exchange Commission chief, as non-executive chairman. Black, who co-founded Apollo [...]
City living: Most popular London postcodes for house hunters revealed March 22, 2021 While many Londoners have left the city during the pandemic, seeking better value for money and more outdoor space, the capital’s property market has remained active with buyers still targeting central locations. South London boroughs have been the most popular with buyers since the beginning of the first lockdown, according to the latest research, with [...]
Linklaters offers voluntary redundancy to all legal secretaries and PAs in London March 22, 2021 Law firm Linklaters has offered voluntary redundancy to all 225 legal secretaries and business team personal assistants in London. It is understood there will be no compulsory redundancies, nor are there targets or plans to make redundancies at the firm compulsory. In a statement Linklaters said: “This is a voluntary programme which we are offering [...]
Which lockdown habits could last a lifetime? March 22, 2021 | City Talk “Prediction is very difficult, especially about the future.” This cautionary quip, attributed to Nobel Prize winning quantum physicist Niels Bohr, is applicable to anyone making forecasts, and particularly investors at this point in time. Stock markets will continue to be buffeted by daily newsflow around the pandemic. Successful investing in consumer stocks over the next [...]
UK warns EU that ‘world is watching’ as Brussels continues to threaten to ban vaccine exports March 21, 2021 The UK has today warned Brussels that banning vaccine exports would be “very damaging” for the EU’s reputation, with defence secretary Ben Wallace telling the bloc that the “world is watching”. Wallace said today that the EU’s threats to block Pfizer vaccine shipments to Britain, which was inflamed political tensions, could “undermine” vaccine supplies across [...]
Exclusive: Texas law firm Vinson & Elkins on half a century in London March 20, 2021 Texan law firm Vinson & Elkins just celebrated 50 years in London, having set up shop in the capital in 1971 to take advantage of the booming oil and gas industry, after oil was discovered in the North Sea. The firm began its London life with two English lawyers working in temporary space near Piccadilly [...]
Sadiq Khan launches £6m campaign to get people back to central London March 20, 2021 Sadiq Khan has begun a £6m campaign to get workers and tourists back into central London, after a new report found the capital’s economy could be £36bn smaller in 2031 than pre-Covid projections. The new initiative will see City Hall encourage domestic and international tourists come back to the capital by putting on events that [...]
A passage to India? British fintech firms turn to the sub-continent March 19, 2021 PayPal failed in India, but that doesn’t mean other fintechs should stay away. Gaurav Singh, Founding Partner at JPIN VCATS, explains why the sub-continent still offers such promise. India represents arguably the greatest market opportunity in the world, particularly for FinTech start-ups. It has the third largest number of start-ups in the world, and there [...]
Ofcom gives BT green light to charge more for full-fibre broadband March 18, 2021 Ofcom has given BT the green light to continue charging higher prices for its full-fibre broadband services in a bid to encourage investment in the network across the UK. The media watchdog today said BT’s Openreach will be free from price caps on its wholesale offering for at least a decade. The long-awaited announcement forms [...]