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 [...]
Uber cuts deal with Tesla to supply London drivers with electric cars November 3, 2021 Uber has cut a deal with Tesla which will supply London drivers with electric vehicles (EVs) as the city pushes to slash emissions. The agreement, which comes into effect from today, will see drivers granted access to a £135m clean air fund to help buy or lease a Tesla car. The funds have been collected [...]
New York firm injects further £300m into London’s Quilam Capital November 2, 2021 London investment firm Quilam Capital has extended its joint venture with Wafra Capital Partners (WCP) with a £300m injection. The joint venture with New York investment house Wafra, which began in 2019, forms part of Quilam’s ambition of becoming Europe’s top investor in specialty finance. The latest investment takes the total available to deploy to [...]
‘Go green or go home’, City Lord Mayor urges finance industry amid climate talks November 2, 2021 The finance industry “cannot afford to hold back” in pumping capital behind the world’s climate efforts, the City’s Lord Mayor has warned. “The stakes could not be higher,” Lord Mayor William Russell told senior financiers at the Green Horizon Summit. The summit, organised by the City of London Corporation and the Green Finance Institute, has [...]
Thousands in London issued with ‘no fault’ eviction notices despite proposed ban November 1, 2021 Thousands of Londoners have been issued “no fault” eviction notices, despite the government pledging to ban them in 2019. Section 21 of the 1988 Housing Act has allowed private landlords to evict tenants with two months’ notice without having to prove any fault or wrongdoing – with 5,700 city folk receiving them over the last [...]
ProCook sets IPO price range up to £200m November 1, 2021 UK kitchenware brand ProCook has today set a price range for its planned IPO which gives the retailer an estimated market capitalisation up to £200m. The company announced a price range for shares between 137p to 185p, making its estimated market capitalisation between £150m and £200m. ProCook said 40 per cent of the company’s issued [...]
Londoners receiving benefits surge 200 per cent over the pandemic November 1, 2021 The capital was hit by the highest jump in financial vulnerability in the UK during the pandemic, new research has shown. Londoners receiving benefits surged 200 per cent in the months between the final quarter of 2019 and the first quarter of 2021, according to Lowell’s Financial Vulnerability Index – meaning that more than 20 [...]
COP26: Trains to Glasgow cancelled over a fallen tree, leaving travellers stranded October 31, 2021 Trains to Glasgow the day the UN’s flagship climate conference COP26 kicks off have been cancelled due to a fallen tree – leaving travellers and journalists stranded. Financial Times chief political correspondent Jim Pickard said it “feels like a metaphor for the climate talks”, following last night’s stormy weather. Travellers have been advised to wait [...]
Brexit fishing fight: British fishermen held on board by French as UK warns ‘two can play at that game’ October 29, 2021 The UK has hit back at the French government, warning “two can play at that game” in a warning Britain could retaliate if Paris goes ahead with “inflammatory” threats made in a post-Brexit row over fishing rights. The development comes as The crew of the British trawler detained by French authorities have been advised to [...]
BREAKING: COP26 climate protesters storm the City, Greta Thunberg on her way to Square Mile October 29, 2021 Several streets across the City have been taken over by protestors this afternoon as they demand that financial institutions no longer finance or invest in fossil fuels. Activists chanted “Ensure our future, not pollution” as they made their way from Lloyd’s of London to Macquarie Capital. They want the banks stop their support of fossil [...]