“In discussions”: What next for Crispin Odey’s City empire? June 10, 2023 Odey Asset Management has revealed it is in “active discussions” with its broker partners, after fresh misconduct allegations published against its founder led banks to review their relationship with the fund. It followed a report in the Financial Times (FT) – together with Tortoise Media – which included several allegations of sexual harassment or misconduct [...]
The Notebook: Andy Coulson on Succession, female leaders and Monday madness June 5, 2023 After five days of ‘spoiler alert’ dodging, I settled down to watch the finale of Succession this weekend. Having caught the odd review headline, I was poised for something special. And yet … why did I find the ending just a bit disappointing? The answer, of course, is simple: It Should Have Been Shiv. Tom’s [...]
Will nobody rid me of these troublesome ordering screens? May 31, 2023 It used to be so simple. But now ordering lunch in the City has become an exercise in technological frustration and irrational anger.
India files “criminal conspiracy” charges against BAE and Rolls-Royce May 29, 2023 India has filed a graft case against Britain’s BAE Systems and Rolls-Royce Holdings for “criminal conspiracy” in the procurement and licensed manufacturing of 123 Hawk 115 advanced jet trainers, a document showed. The case is based on the findings of an investigation launched by India’s Central Bureau of Investigation (CBI) in 2016, the federal police [...]
How a telecoms exec, a Rugby World Cup winner and a host of chemists are plotting a quiet tech revolution May 26, 2023 On a non-descript industrial estate on the outskirts of Cambridge, a former telecoms executive, a Rugby World Cup winner and some disarmingly intelligent chemists are plotting a revolution that could change the shape of global politics. If that sounds overwrought, consider the phone in your pocket. The metals that make up that extraordinary piece of [...]
The Notebook: Talking down the City? Not a bit of it in this newspaper May 25, 2023 One of the delights of this job is the ability to sit down with people from across the Square Mile and ask them very simple questions. One of the perennials is “what keeps you up at night?” The CEOs you’d really want to work for say “people”. That one who said “the fact we’re going [...]
London set to be home of new transatlantic carrier Global as soon as next year May 23, 2023 A team of successful investors are preparing the launch of a new transatlantic airline based out of London, City A.M. has learned, with one Airbus jumbo jet already purchased. The investors behind Holiday Swap, the travel platform valued at more than £300m, and the firm’s founder James Asquith are thought to have as many as [...]
City needs a whole ecosystem to attract the best and brightest May 9, 2023 Soft power success or waste of time and money? We’re more inclined to side with the Lord Mayor than some on Twitter when it comes to the weekend’s festivities. Clearly, the coronation was always going to kick off an almighty debate on the role of the Royal Family in the twenty-first century; but regardless of [...]
FRC begins hunt for new boss as audit body advertises role with £330k salary (and to be able to work from both London and Birmingham) May 5, 2023 The boss of Britain’s audit regulator, the Financial Reporting Council (FRC) will need “credibility, integrity and capability” to enact “organisation change”; they can also expect to be paid £330k plus benefits for doing so. An advert for the next chief executive of the FRC, which will soon become ARGA confirms previous City A.M . reports [...]
Morning in the City: Live market updates and news May 5, 2023 Good morning, and welcome to City A.M.'s live blog - with breaking news and market updates from dawn.
