Heathrow overtaken by Istanbul as Europe’s busiest airport Transport & Infrastructure Heathrow said the case for expansion has “never been clearer” after it was overtaken by Istanbul as Europe’s busiest airport. The West London transport hub has long been Europe’s busiest travel destination, and is currently locked in a dispute with the regulator over its plans for a third runway. “The case for expansion has never [...]
FTSE 100 firm agrees £5.7bn takeover in latest private equity swoop Markets FTSE 100 energy group DCC has agreed to a £5.75bn takeover by a group of private equity firms in another blow to the London Stock Exchange after a flurry of takeovers this year. US private equity firm KKR and Energy Capital Partners, a subsidiary of London-listed Bridgepoint, said this morning they would pay a total [...]
Exclusive: Reynolds never met Thames Water investors before rejecting rescue deal Water Environment secretary Emma Reynolds never met the investors behind a proposed Thames Water rescue package before slapping down their deal out of hand last month, City AM can reveal. Reynolds, who is the minister responsible for water policy, has left officials in her department to meet representatives of a large creditors’ group, which includes investment [...]
Burnham refuses to rule out ‘exit tax’ as founders warn of wealth exodus June 25, 2026 Entrepreneurs are calling for Andy Burnham to rule out an exit tax or risk another wave of Britain’s wealth creators quitting the UK. Speculation around a so-called ‘settling up’ charge, which would be levied on business owners if they leave the country, is already causing some founders to consider moving overseas, several executives told City [...]
FTSE 100: London markets mixed as rate jitters soften Standard Chartered’s boost July 28, 2023 The FTSE 100 had a subdued start to the day as interest rate jitters rippled across the Atlantic and weighed down the boost of Standard Chartered and British Airways owner IAG.
Liontrust stretches GAM deadline as spat with Xavier Niel-backed group rages on July 28, 2023 Lonon-listed fund manager Liontrust has stretched the deadline for its potential £96m takeover of Swiss rival GAM today amid a spat with a group of rebel shareholders.
Tory peer’s CMC Markets blames ‘quiet’ conditions as trading falls sharply July 27, 2023 The trading shop run by Tory peer Lord Peter Cruddas said it had suffered a sharp slump in trading activity today as “quiet market conditions” failed to excite investors and revive booming interest seen through the pandemic.
London money managers reveal toll of turmoil as Jupiter and St James’s assets rise July 27, 2023 Fund house Jupiter reported a bump in assets and a sharp rise in profits in the first six months of the year in a mixed morning of results for London’s big money managers. The London investment firm said its assets ticked up two per cent to £51.4bn in the first half of the year while [...]
Schroders assets slide as ‘industry headwinds’ shake markets July 27, 2023 Schroders said it continues to grapple with “industry headwinds” today as it notched a slide in assets under management but a boost in profits for the first six months of the year. The London-listed investor said it had seen a bump in operating profit of £341.4m in the six month to June after a sharp [...]
LendInvest founder Christian Faes: Why I left London for California July 27, 2023 Fintech founder Christian Faes tells City A.M. why he's swapped London for California.
