FCA nears payout deal over Park First’s £230m ‘illegal investment scheme’ May 4, 2021 The City regulator is in talks with the people behind an investment scheme which has left savers facing losses. The Financial Conduct Authority is reportedly in detailed talks with Toby Whittaker, who owns Park First, which the regulator has previously said was involved in an “illegal collective investment scheme”. A potential deal, which could be [...]
High street recovery blown off course as footfall drops 6.1 per cent May 4, 2021 Wind and rain blew the high street recovery off course this week as footfall dropped 6.1 per cent, according to figures from retail insight company Springboard. The number of shoppers across all retail destinations fell by two per cent last week from the week before. Meanwhile, footfall rose by 2.8 per cent in shopping centres [...]
Covid-19 gives employees itchy feet as job hunts are on the rise May 4, 2021 Job hunts are rising for those in corporates, consultancies and start-ups, according to figures from Movemeon, as multiple lockdowns have shown bosses under a different light. A third of those working in management consultancies are looking for a new role, alongside nearly a quarter of those in private equity and venture capital (PE/VC). Employees getting [...]
‘I’ve come from the street’: Shaun Bailey makes his last push May 4, 2021 Shaun Bailey is in a buoyant mood when we meet at Westminster’s St John Smith’s Square. With his new campaign battle bus unveiled and ready to set out on a tour of London, the Conservative mayoral candidate happily splays out in the April sunshine as we sit down to chat. His ebullient demeanour is a [...]
Former MP Luciana Berger joins Cazoo’s ESG board May 4, 2021 Online used-car retailer Cazoo has appointed former MP Luciana Berger to its board, once its $7bn merger with AJAX has been completed. Joining as a non-executive director, Berger’s political career last saw her as the Liberal Democrat shadow spokesperson for health, social care and wellbeing in 2019. Currently managing director of advocacy and public affairs [...]
Mayor of London election: Where do the major candidates stand on housing? May 4, 2021 With the 6 May mayor of London election now just weeks away, City A.M. is producing a four-piece series on where the four leading candidates stand on different issues. Today, we look at the housing policies of the candidates from Labour, the Conservatives, the Green Party and the Liberal Democrats. Sadiq Khan The most high [...]
Sadiq Khan pledges to explore 2036 London Olympics bid if re-elected May 3, 2021 Sadiq Khan has pledged to launch an “exploratory committee” to look at a potential 2036 or 2040 London Olympics bid if re-elected as London mayor on Thursday. Khan said this evening that if London was chosen to hold either of the games that he would want them to be “the most sustainable Olympic and Paralympic Games [...]
Sadiq Khan warns of low turnout in Thursday’s London mayor election May 3, 2021 Sadiq Khan has today raised concerns about low turnout at Thursday’s London mayor election, with the incumbent warning supporters against complacency. Internal polling from Khan’s team shows a 9 per cent drop in the amount of Londoners that are certain to vote in the poll, which was delayed by a year by the Covid crisis. [...]
Shaun Bailey hits out at City of London’s ‘polite drug users’ May 3, 2021 Tory mayor of London candidate Shaun Bailey has hit out at the culture of “polite drug use” in the City, saying that white collar workers need to be a part of the solution to tackling cocaine-fuelled drug violence. Bailey told City A.M. in a wide-ranging interview, to be released later today, that “casual drug use [...]
London IPO: Darktrace shares surge 40 per cent on market debut April 30, 2021 Shares in UK tech darling Darktrace soared on their London debut, jumping as much as 42 per cent higher than their initial listing price, in an IPO that valued the company at £1.7bn. Darktrace this morning said shares were priced at 250p in its London IPO, the midpoint of the range. Upon the opening bell shares traded [...]