Clipper confirms £947m takeover offer by GXO logistics February 20, 2022 Clipper Logistics has confirmed it is being courted with a £947m takeover offer by suitor GXO, a US logistics giant.
JP Morgan under fire for dubious $1.3bn Nigeria oil deal February 20, 2022 A bitter legal dispute between the Nigerian state and banking giant JP Morgan is due to be heard in the UK's High Court this week.
Week ahead: City braces for more bumper banker bonuses February 20, 2022 Investors are preparing to comb through the details of British high lenders’ results this week for any clues that higher interest rates are goosing their bottom lines. UK banks’ earning season has been underlined by a jump in bonuses for top deal makers which are expected to continue this week. Barclays, the last remaining British [...]
Scandal-hit miner Rio Tinto to unveil historic dividend February 20, 2022 Rio Tinto will reportedly hand $16.5bn to shareholders, in one of the largest ever annual dividends in UK corporate history.
Saturday sitdown: Whistle king Simon Topman on surviving two world wars and a global pandemic February 19, 2022 With businesses around the world managing the Covid pandemic and each facing their own set of challenges, City A.M. caught up with Simon Topman, managing director of 150-year-old ACME Whistles, to blow the whistle on how this pandemic has differed from two world wars and other global disasters. Since inventing and making the first ever [...]
London house hunters face fierce bidding wars as property market set to become hyper-competitive February 19, 2022 House hunters wanting to buy a property in London this year are likely to face more competitive market conditions than in 2021. Since January, 51 per cent more buyers have entered the market and 35 per cent more property viewings took place compared to January last year, according to data from estate agency Chestertons. This [...]
The sky is the limit: Sustainable aviation does not need to be an oxymoron February 19, 2022 Aviation and sustainability don’t exactly go hand in hand. With aviation responsible for approximately 2.5 per cent of the carbon emissions that are warming the planet, according to the International Energy Agency, clearly something needs to be done. “Businesses and consumers alike agree that flying less is vital today than it has been in the [...]
Crypto company Circle doubles valuation to $9bn as it eyes SPAC deal February 18, 2022 Crypto company Circle has doubled its valuation to $9bn after inking a new deal with Concord Acquisition Corp.
Pandemic impact: The investment decisions of the City’s asset managers will never be the same again February 18, 2022 The global pandemic continues to significantly impact investment strategies among global asset managers, City A.M. has been told A poll of over 140 asset managers and owners representing more than $5 trillion in AUM showed more than a third of investors investment strategies will change this year in response to Covid. The study by Clearwater [...]
2021’s top traded stocks at IG and outlook for 2022 February 18, 2022 | City Talk What were the most popular stocks in 2021? We look at how equity markets continued to rise with economic recovery and how investor sentiment on sectors has begun to change with increasing interest rates. The most traded stocks in 2021 Last year was an overwhelmingly positive period for equity markets with many developed market stock [...]