Barclays faces £40m lawsuit over breast implant scandal September 16, 2022 Barclays is facing a £40m High Court lawsuit over claims it dishonestly transferred assets, owned by one of Britain’s largest cosmetic surgery providers, to prevent women who were given dangerous breast implants from receiving compensation. The High Court lawsuit, which is scheduled to be heard this October, claims Barclays’ Business Support Unit helped restructure Hospital [...]
London hotel occupancy soars to 85 per cent during week of Queen lying in state September 15, 2022 Hotel occupancy rates in the centre of London have soared to almost 85 per cent ahead of the Queen’s funeral. Mourners and well-wishers have come to the capital from across the country and around the world to mark the death of Queen Elizabeth, and they all need somewhere to stay. This week, hotel occupancy peaked [...]
Exclusive: UK retailers should copy TfL or they miss out on advertising cash, argues City bigwig September 15, 2022 Are UK retailers missing a valuable opportunity to earn money from advertising? A City insider thinks most big brands do, as he urges the High Street’s biggest names to look at TfL and copy their model by rolling out a retail media network. So-called retail media networks are one of the hottest emerging trends in [...]
Citigroup hires veteran JP Morgan dealmaker to bolster London team September 14, 2022 Citigroup has hired JP Morgan veteran Barry Weir as the new managing director of its London investment banking team. The veteran dealmaker, known for his expertise in natural resources, will join Citigroup’s London office in September, acco. rding to Bloomberg. Citibank’s poaching efforts come as the New York bank is seeking to bolster its UK [...]
Citigroup opens Malaga hub to offer junior bankers better work-life balance September 14, 2022 Citigroup has opened a new hub for junior investment bankers in the Spanish seaside city of Málaga on the Costa del Sol. The US bank selected 27 of more than 3,000 applicants to work at its new Spanish hub, as part of a two-year programme promising work-free weekends and eight hours days. In locating its [...]
Mourners queue overnight to see the Queen lying in state September 14, 2022 For all the predictions of heavy rain as Brits queued in line to see the Queen’s coffin, the sun-soaked South Bank today filled up with mourners in good spirits – with thousands staying in line overnight. The government had warned Brits that well-wishers might have to queue for as long as thirty hours but for [...]
Thousands gather to watch Queen’s coffin procession from Buckingham Palace to Westminster Hall September 14, 2022 Members of the Royal Family including Princes Harry and William marched behind the Queen’s coffin in a procession today, as it was delivered from Buckingham Palace to Westminster Hall in parliament. Tens of thousands of mourners gathered outside the gates of the famous London residence of the Royal household, and lined the streets of the [...]
In pictures: Thousands start queuing to see The Queen lying in state: Route almost 5 miles long with 400,000 capacity September 14, 2022 Thousands of people have begun queuing around central London in a bid to see Her Majesty the Queen lying in state. The line, which can hold up to 400,000 people over the next four days, stretches on for four-and-a-half miles, start on the Albert Embankment near Lambeth Bridge. The route winds down the front of [...]
Working out well: Third Space eyes suburban locations for expansion pipeline September 14, 2022 Luxury health club brand Third Space is eyeing more locations in suburban areas, as opposed to in office hotspots, its CEO has told City A.M. Third Space offers members “a combination of expertise and luxury” and caters to “fitness savvy enthusiasts” as opposed to “first timers”, with members who “like the finer things in life,” [...]
Aveva nears closure on multi-billion-pound Schneider buyout September 12, 2022 London listed software developer Aveva is near to closing a deal that would see it fully taken over by French industrial giant Schneider Electric. The two companies are in discussions for Schneider to acquire the roughly 40 per cent stake in Aveva that it does not already own, at a price of £30 a share, [...]