Goldman Sachs boss champions post-Brexit London and expects 70 per cent of staff back in office July 16, 2021 Goldman Sachs boss Richard Gnodde said the company was as committed to its London head office as ever, buoyed by his belief that the UK capital will remain dominant as a world-leading financial centre post-Brexit. “For us we’ve been very clear, the centre of gravity for our workforce is our buildings, and in London it [...]
Pop-up vaccine centres are coming to London parks in time for the sun this weekend July 16, 2021 In the latest iteration of the government’s “grab a jab” mass vaccination drive in the capital, several parks around the city will play host to pop-up clinics this weekend. It’s the final push for the NHS vaccination programme to maximise the jab rollout before the majority of coronavirus restrictions are lifted on Monday. Pop-up clinics, [...]
Cairngorm Capital acquires robo-adviser and wealth manager to launch new digital firm July 15, 2021 Private equity firm Cairngorm Capital has acquired wealth manager Whitefoord and robo-adviser Munnypot to launch a new digital firm combining financial advice with investment management. The new firm, called Verso Wealth Management, will combine online investment service Munnypot’s digital platform technology with Whitefoord’s investment management and financial advice services to create an automated advice platform. [...]
London records strongest half year IPO performance since 2014 July 15, 2021 The UK retained its dominance as the most attractive European IPO venue by funds raised, continuing the deal momentum witnessed in the previous two quarters. Both the main market and Alternative Investment Market (AIM) have built on the resurgence of activity seen in the last two quarters, with 10 IPOS raising £3.1bn on the main [...]
Soho House hits $2.8bn valuation after New York IPO July 15, 2021 The parent company of the Soho House member’s club raised $420m (£304m) in an initial public offering priced at the lower end of a marketed range. Membership Collective Group, which owns 28 clubs around the world, announced in a statment this morning that it had sold 30m shares for $14 each – the bottom margin [...]
Gresham House assets grow steadily as ESG appetite endures July 15, 2021 Gresham House reported steady growth in the first half of the year in a trading update this morning, as interest in ESG investment continued to push its assets under management higher. The asset manager reported a 19 per cent rise in AUM to £4.7bn, with organic growth of £457m driven by its real estate division, [...]
Business groups blast government’s back-to-work guidance for lack of clarity July 15, 2021 Business leaders in the UK have slammed yesterday’s renewed government back-to-work guidance for its mixed messages that have “done little to dispel confusion” over returning to the office. BEIS officials published new guidance yesterday – a day later than expected – that called for a “gradual return” to the office from 19 July, as the [...]
Two-thirds of adults in the UK are now double-vaxxed July 14, 2021 Two-thirds of adults in the UK are now fully vaccinated against Covid-19, health secretary Sajid Javid has announced. “Two thirds of adults across the UK have now had two jabs. We have beaten our target by almost a week – this is a huge achievement,” Javid said in a tweet. “Thank you to everyone who [...]
John Lewis and Waitrose to cut 1000 jobs July 14, 2021 John Lewis Partnership, the parent company of the two high street giants, has confirmed plans to cut around 1000 management roles in stores. In a move that echoes rival retailers’ attempts to weather the pandemic, the company said the 1000 role redundancies were an attempt to simplify store management structures. A John Lewis Partnership spokesperson [...]
BlackRock smashes profit estimates as assets reach almost $10 trillion July 14, 2021 Blackrock has reported a 14 per cent rise in quarterly profit and a record $9.5tn in assets under management, signalling increased investor confidence in a post-pandemic economic recovery. The asset management giant posted a second quarter profit of $1.378bn (£994m) or $8.92 per share, up from $1.214bn and $7.85 per share a year earlier. Its [...]