Brawn on the fourth of July: England to take on US at Twickenham this summer May 10, 2021 England will once again play in front of fans at Twickenham as the RFU confirmed two summer test matches against the United States and Canada. Eddie Jones’ men will take on the US on July 4, with Canada a week later on July 10. Read more: Sam Simmonds and Jonny Hill named in British and [...]
Labour reshuffle: Former BoE economist Rachel Reeves named shadow chancellor May 10, 2021 Rachel Reeves has been named shadow chancellor after Anneliese Dodds was sacked from the role late on Sunday night. The move came as part of a reshuffle of Labour leader Keir Starmer’s top team after a host of miserable results in Thursday’s local and mayoral elections. Dodds, well-liked and a competent performer, failed to cut [...]
BlackRock bears down on environmental concerns as investor goes green May 5, 2021 Asset management giant BlackRock have increased their green engagements by more than 50 per cent in the past year, the firm said this morning. BlackRock Investment Stewardship’s (BIS) quarterly update suggests the trend towards more of a green push from major shareholders will continue. The giant’s stewardship team held almost 1,000 “engagements” with firms it [...]
The Kingdom is secure: Two new ravens join Tower of London conspiracy May 4, 2021 Should the ravens leave the Tower, so the Kingdom will fall – that’s the legend, at any rate. But reassuringly it appears both the realm and indeed the City of London will endure at least a little longer with the arrival of two baby ravens at the Tower of London. Read more: The £18 million [...]
Will Hill high street shops set for bidding war May 2, 2021 Caesars Entertainment is reportedly set to put Willian Hill’s non-American assets up for sale in the coming weeks. The Vegas giant bought the British high street stalwart in a deal worth just shy of £3bn last month, but is believed to be keen to offload the UK and European arms of the firm. Read more: [...]
Cash down the back of the sofa: Loaf readies for £70m sale May 2, 2021 Home furnishings retailer Loaf is reportedly exploring options for a sale as it looks to cash in on pandemic-driven increased demand. Industry sources told The Times that a sale could raise as much as £70m. Read more: Bargain bin: Topshop’s former Oxford Street site on sale for £420m Loaf was born out of The Sleep [...]
Bargain bin: Topshop’s former Oxford Street site on sale for £420m May 2, 2021 For years it was the jewel in the crown of Sir Philip Green’s retail empire. But with the collapse of Arcadia last November, the former home of Topshop on Oxford Street is now on the market for a cool £420m. Marketing materials seen by The Times suggest the property will offer a “new age retail [...]
US economy grows rapidly in Q1 as consumer spending drives recovery April 29, 2021 The US economy grew by an annualised 6.4 per cent rate in the first three months of the year as the world’s largest economy roars back into life. It was the second-highest figure for one quarter since 2003. Read more: Analysts: UK economy ‘like a punchdrunk boxer hanging off the ropes’ Much of the recovery [...]
Uber sees “green shoots” of recovery as recruitment spree gets into gear April 29, 2021 Uber are planning to hire an additional 20,000 drivers across the UK this year as the firm sees the first signs of an economic recovery. The firm’s Northern and Eastern Europe boss Jamie Heywood, who is based in London, told City A.M. that “green shoots” are “coming through exceptionally strongly” as lockdown restrictions loosen. Read [...]
New: Mishcon de Reya plot IPO by end of the year April 28, 2021 Law firm Mishcon de Reya is set to float on the London Stock Exchange later this year after the firm’s partners voted to explore an IPO today. The IPO would see every member of staff become a shareholder in the listed business, the London-HQed outfit confirmed. Read more: Sign up to three daily City A.M. [...]