Islington partners with e-scooter operator to deploy e-bikes November 11, 2021 The Borough of Islington has partnered up with micromobility company TIER to launch 500 e-bikes around the area, with plans to roll out more across the capital in 2022. “We’re working tirelessly to help tackle the climate emergency by making Islington a cleaner, greener, healthier place to live,” said councillor Rowena Champion, Islington Council’s executive [...]
£21.4m mega-penthouse: Asian billionaire buys Oxford Street’s most expensive home November 10, 2021 An Asian billionaire has purchased the most expensive home sold on London’s Oxford Street, buying a mega-penthouse for £21.4m in the TCRW SOHO apartment building. The deal is the biggest single residential property sale by value to be done on London’s Oxford Street during 2021. It is also one of the largest residential sales to [...]
More commuter madness: Tube drivers vote overwhelmingly in favour of strike November 9, 2021 Tube drivers overwhelmingly voted in favour of a strike yesterday, which could see commuters face further disruptions after Transport for London’s (TfL) controversial announcement regarding the Northern Line on Friday. London Underground drivers, part of the ASLEF union, are set to strike to protect working their conditions and pensions. “Tube train drivers will go on [...]
Sir Mark Rylance, Eddie Izzard and Adjoa Andoh save Brixton grocery store from closure November 8, 2021 The owner of an independent grocery store rescued by a charity fundraiser has said she is “completely overwhelmed” by backing from celebrities. Hilary Waterfield, who runs Brixton Wholefoods in south London and set up the appeal, hailed the support received from Sir Mark Rylance, Eddie Izzard and Adjoa Andoh after Covid lockdowns and rent increases [...]
Watch as first New York-bound BA and Virgin flights perform dual take off November 8, 2021 Two U.S. bound flights took off at the same time from London Heathrow airport today as US travel restrictions lifted to allow fully vaccinated travellers. Watch the full report.
Norton Rose Fulbright joins junior lawyer pay war with salary raise to £95k November 8, 2021 Norton Rose Fulbright will increase pay for newly qualified lawyers by 12 per cent, as it joins the clamour for fresh legal talent, according to reports. The law firm announced a new “compensation strategy” which rewards new junior lawyers with an additional £10,000 a year, bringing their annual salary to £95,000, according to Legal Cheek, [...]
China’s Gopher Investments muscles in on London-listed Playtech takeover November 8, 2021 Gopher Investments, the second-largest shareholder in online gaming and sports betting platform Playtech, has opened talks about a possible takeover. The move follows Playtech giving the green light to gaming technology firm Aristocrat for some 680p per share – or £2.7bn on an enterprise value basis. The discussions are still in their early stages but [...]
London’s Argentex proposes interim dividend as revenue climbs a third November 8, 2021 Foreign exchange firm Argentex has proposed an interim dividend of 0.75p per share as its revenue climbs to record levels. The London-based company had revenue jump more than 30 per cent in the six months to 30 September, according to its interim financials. Argentex boasted a highly cash generative first half with 79 per cent of revenue converting to [...]
Private equity and UK tech powering £8.4bn M&A tsunami on LSE’s AIM as deals jump 155 per cent November 8, 2021 The value of M&A deals on London’s Alternative Investment Market (AIM) has jumped 155 per cent to £8.4bn in 2020/21, compared to £3.3bn in 2019/20, according to new research shared with City A.M. this morning. The large rise in the value of AIM M&A deals this year is due in large part to a number [...]
City Moves: Who’s switching jobs in the Square Mile today? November 5, 2021 City A.M.’s Millie Turner provides a roundup of the most important hires and job moves across the City, every morning. Email citymoves@cityam.com to be featured. Growthdeck Private equity firm Growthdeck has added the former chief investment officer at Schroders & Co to its advisory board. Bringing 25 years experience to the position, Kieron Launder has worked with a string of top financial [...]