By: Courtney Goldsmith

I am a journalist for City A.M. reporting on the energy and mining sectors. I also keep an eye on the pharmaceuticals sector and cryptocurrencies. Email: courtney.goldsmith@cityam.com

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Wealth manager Netwealth raises £10m in second funding round

September 19, 2017

Online discretionary wealth manager Netwealth Investments has raised £10.02m of new capital in a second funding round. Thirteen new investors joined the 28 angels who provided the company its initial capital of £6.57m before the firm launched in May 2016, making total funds raised to date £16.6m. New investors include: Dame Alison Carnwath, chair of [...]
The Shard skyscraper has won a new letting as Mitie moves offices

September 12, 2017

The Shard, one of London's most iconic skyscrapers, today confirmed office lettings totaling 39,967 square feet. Outsourcing services firm Mitie Group will become the 31st business to move into the 310-metre-high Shard in the first quarter of 2018. The company has agreed a 15-year lease to take the entirety of level 12, which is 29,824 [...]
London ranked the most prosperous spot in the UK, but its growth is slowing against other regions

September 5, 2017

London has held its position as the UK’s top spot for prosperity, but growth in the capital is lagging against a backdrop of fluctuating economic conditions and Brexit negotiations, new research suggests. Barclays Wealth & Investments’ annual UK prosperity map, which will be published today, found London’s growth was slowing across a range of indicators [...]
UK drone firm wins the backing of Japanese industrial giant Mitsui

August 31, 2017

A UK-based drone company is set to receive a $4m (£3m) investment from Japanese conglomerate Mitsui. Sky Futures provides drone-based industrial inspection technology. With drones, companies can more safely inspect industrial equipment like oil rigs. The strategic partnership, to be announced today, is launched in tandem with Prime Minister Theresa May’s visit to Japan. It [...]
DNA, gut bacteria and (soon) even more: Here’s how Atlas Biomed is tackling the UK’s personalised wellness craze

August 21, 2017

A newly established health tech company is bringing ultra-personalised wellness to the UK, and according to its chief executive the sector is set to boom. Atlas Biomed earlier this month began selling DNA home testing kits that provide consumers with a detailed genetic profile as well as a first-of-its-kind microbiome service that analyses the bacteria [...]
Carillion has won a £90m contract to build a communications centre in Cyprus for the UK Defence Infrastructure Organisation

March 20, 2017

Carillion has won a £90m contract to design and build a new communications centre in Cyprus. The UK Defence Infrastructure Organisation (DIO) awarded Carillion the contract to build a 10,000 square metre building with temperature and humidity controlled environments. Construction will begin next month, and the project is due to be completed by the end of January [...]
Opec cuts are unlikely to lift oil prices above $60 a barrel this year, Apicorp report says

March 20, 2017

Oil prices have edged lower by more than one per cent today while a new report suggests Opec's production cuts are unlikely to bump prices above $60 a barrel this year. Global benchmark Brent crude fell as low as $51.01 a barrel this morning while West Texas Intermediate slipped to $47.84. The new lows come on [...]
Openreach is hiring 1,500 trainee engineers and trialling a new virtual reality experience

March 20, 2017

Openreach is set to expand its workforce with 1,500 new trainee engineers hired over eight months who will work to extend the UK's fibre broadband network and improve customer service. The broadband provider will seek recruits from across Britain to fill new, full-time and permanent roles. Openreach will initially take on 119 recruits in April, followed by around 60 new [...]
Travelodge is building a huge flagship site in London in addition to 15 new locations across the UK

March 20, 2017

Travelodge is building its largest ever hotel in London to act as a flagship site for the City. The budget hotel chain's new build will create nearly 400 rooms in the heart of central London, and chief executive Peter Gowers called it a "milestone" for the company's growth. It is expected to open in 2018 on Middlesex Street near the Gherkin. Travelodge [...]
Shareholder uprising: Santander, UFJ, Sumitomo and a number of other banks are at risk

March 20, 2017

A number of banks have been marked as likely targets of a shareholder uprising, including UFJ, Sumitomo and Santander. More than half, or 58 per cent, of banks are located in countries facing potential governance shifts, according to new research by MSCI. Of those, 17 per cent, or nearly one in five, are at risk of [...]

UK fintech Zempler Bank gets snapped up for less than half its previous valuation

Sport’s overreachers like Sussex and Leicester are guilty of hope not greed

The unlikely City florist that once served the royals

By: Courtney Goldsmith

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