Space-tech: Billionaire Bezos’ flight to space to draw in starry-eyed investors July 21, 2021 Following Amazon boss Jeff Bezos’ 10-minute venture into space yesterday, space-tech investment may be set to rocket, space-fund boss Mark Boggett has said. Just last week Boggett’s space investment firm Seraphim Space listed on the London Stock Exchange after rallying £178.4m from starry-eyed investors in mid-July. “Branson, Musk and Bezos initially cracked open the [...]
City Moves: Who’s switching jobs in the Square Mile this week? July 21, 2021 City A.M.’s Millie Turner provides a roundup of the most important hires and job moves across the City, every Wednesday afternoon. Email citymoves@cityam.com to be featured. Ex-UBS and Canary Wharf Group chiefs join construction-tech firm British construction technology company Modulous has bolstered its London workforce with former Canary Wharf and UBS leads this week. Former director of the Canary Wharf Group Chris [...]
JPMorgan entices Jamie Dimon with “special” stock award to stay as CEO July 21, 2021 JPMorgan has granted Jamie Dimon 1.5m stock options, which could swell to tens of millions of dollars, to entice him to stay at the bank for a “significant number of years”. Dimon has been awarded the 1.5m options in the form of “stock appreciation rights” at Tuesdays average price of $148.73, that will allow him [...]
Who is lying? Downing Street flatly denies Cummings claim Boris Johnson insisted on seeing Queen early in pandemic July 20, 2021 Downing Street this afternoon flatly denied Dominic Cummings’ claim that Boris Johnson wanted to visit the Queen early in the pandemic despite coronavirus having hit No 10. The former chief aide in No 10 alleged that he had to convince the Prime Minister out of visiting her by warning of the potentially grave consequences. But [...]
‘What I Know Is…’: black professionals share their experiences July 20, 2021 | City Talk One of the main reasons for the under-representation of black professionals in investment management is the lack of knowledge and information about joining the investment profession and the opportunities that it can deliver. For the financial sector which is increasingly focused on sustainability and where corporates are increasingly rewarded for good ESG policies, ensuring that [...]
Parliamentary inquiry into Cameron Greensill saga says lobbying rules are ‘insufficient’ July 20, 2021 A parliamentary committee looking into the Greensill saga blasted ex-prime minister David Cameron for the “significant lack of judgement” he showed in his support for the failed firm. The “Lessons from Greensill Capital” report by the Commons Treasury Select Committee found that the current ministerial lobbying rules are “insufficient” and “there is a good case [...]
US, UK and allies accuse China of global ‘cyber sabotage’ including Microsoft hacks July 19, 2021 The United States government and a coalition of allies, including the UK and the EU, have accused China of a orchestrating a global cyber hacking campaign that included the major Microsoft attack earlier this year. A senior administration official speaking on behalf of the US government accused China’s Ministry of State Security of working with [...]
Boris Johnson and Rishi Sunak pinged by NHS Test and Trace but no need to isolate July 18, 2021 Boris Johnson and Rishi Sunak have been contacted by NHS Test and Trace as contacts of someone who has tested positive for Covid but will be participating in a daily contact testing pilot to allow them to continue to work from Downing Street, No 10 has said. The announcement follows the disclosure on Saturday that [...]
Nigel Farage will host own prime time show on GB News July 17, 2021 The Reform UK party leader has announced he will host a weekday evening show called “Farage” on GB News starting on 19 July, and said he “will not be taking the knee” on the show. “Watch my new Prime Time evening show on GB News from next week. Tune into “Farage” Mon – Thurs at [...]
Health Secretary Sajid Javid tests positive for Covid-19 July 17, 2021 The new health secretary Sajid Javid has announced he’s tested positive for coronavirus and has “mild symptoms”. “This morning I tested positive for Covid,” Javid wrote in a tweet. “I’m waiting for my PCR result, but thankfully I have had my jabs and symptoms are mild. “Please make sure you come forward for your vaccine [...]