Home REIT: Key tenant slips into arrears as shareholders say it’s getting “worse” April 3, 2023 The boss of Home REIT’s now-bankrupt biggest tenant controlled nearly a quarter of the firm’s rental income via three different companies – none of which have paid rent to the firm, City A.M. can reveal. Gurpaal Judge, the chief of Home REIT’s collapsed biggest tenant Lotus Housing, also ran tenants Redemption and Eden Safe, which [...]
New audit watchdog: FRC set to confirm CEO will move from London to Birmingham March 31, 2023 The CEO of the newly former audit watchdog will be based in Birmingham - a more than hour long train journey away from the country’s auditors, City A.M. understands.
FTSE 100 live: Beazley and Ocado edge London higher on final day of first quarter March 31, 2023 The FTSE 100 nudged higher on the final morning of the first quarter on the back of an early rise for insurance giant Beazley and retail tech firm Ocado. London’s flagship index rose around 0.2 per cent in early trading before settling to be around up around 0.16 per cent at 9:43am. Lloyds of London [...]
Can the government’s green finance plans really get investment flowing? March 31, 2023 The government’s delayed plans to boost investment into the country’s net zero transition have divided opinion in the City today, with campaign groups and firms warring over whether the plans go far enough in their scale and ambition. Among the measures announced are a number of reviews and policy consultations designed to kick on the [...]
Rolls Royce shake up: BP exec appointed CFO as part of transformation programme March 31, 2023 Engineering giant Rolls-Royce has appointed BP exec Helen McCabe as its new finance chief as part of a “transformation programme” which was launched by chief executive Tufan Erginbilgic back in February. In a statement Rolls Royce Helen McCabe, currently senior vice president for finance in the customer and products division at BP, will be joining [...]
How backing solar farms and forests got Gresham House profits growing March 30, 2023 Big bets on solar, property and forests have got profits growing at alternative asset manager Gresham House as the London-listed investor revealed a 35 per cent surge in earnings in the past year.
Mark Austin interview: The City needs a culture change – we have to celebrate success March 30, 2023 The City of London is at an “inflection point” reckons the man who wrote last year’s capital raising review – but a year on, with Arm gone and others plotting New York floats, there remains much to do You’d be forgiven for thinking the Square Mile is in rather dire straits at the moment. Firms [...]
FCA boss pledges to review listing rules to avoid another Arm snub March 29, 2023 The chief of the Financial Conduct Authority has pledged to review the UK's listing rules after several British firms ditched the City and opted for New York listings.
‘Sink or swim’: Delayed update leaves UK’s £4bn open banking sector in limbo at critical moment March 29, 2023 The UK’s £4bn open banking sector faces a “sink or swim moment” as the industry awaits a crucial update on the future of the industry in the coming weeks, a lobby group has warned. Open banking, which was first rolled out by regulators in 2017 to force dominant high street lenders to open up their [...]
Scottish Widows using pension power to fight climate change in £1.4bn green fund launch March 29, 2023 Pension giant Scottish Widows has launched £1.4bn worth of new green funds today which it said will inject into companies “helping to resolve nature and climate issues”.
