“In discussions”: What next for Crispin Odey’s City empire? ALLEGATIONS MOUNT 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 SQUARE MILE JOTTINGS 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? MODERN LIFE'S IRRITATIONS 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 [...]
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 [...]
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.
Morning in the City: News, market updates, and more: LIVE May 3, 2023 Good morning and welcome to City A.M.’s morning liveblog, bringing you all the news and market updates you need to start your day.
The Notebook: Deutsche’s Numis deal, the price of commuting and London’s culinary advantage May 2, 2023 IF the City has a collective mood, it is safe to say it has not been an overly cheery one in recent times. At a recent private dinner of CEOs, to which I was kindly invited to join, the overarching theme was a nervousness that London is wobbling a little, at least when it comes [...]
CBI in crisis: Treasury ‘pauses’ all engagement with Britain’s biggest business body April 5, 2023 The Treasury has placed on pause all engagement with the CBI, Britain’s biggest business body, after a string of sexual misconduct allegations, City A.M. understands. The CBI regularly meets with ministers to discuss economic policy and is regularly consulted by officials on changes to the business landscape. However in light of allegations which have surfaced [...]
