Boss of Purplebricks steps down at troubled estate agent March 10, 2022 The boss of online estate agent Purplebricks has quit his role because of “personal circumstances.” Vic Darvey’s departure was announced on Thursday, with the CEO set to leave at the end of this month. Shares were up 4.2 per cent when trading closed on Thursday night. Chief operating officer Helena Marston will step into the [...]
London’s top indexes give up gains as Moscow assault of Ukraine ramps up March 10, 2022 London’s top indexes gave up some of their gains yesterday as investors fretted over a ramping up in Moscow’s invasion of Ukraine. The capital’s premier FTSE 100 index dropped 1.27 per cent to 7,099.00 points, while the domestically-focused FTSE 250 index, which is more aligned with the health of the UK economy, fell 0.57 per [...]
Russian oligarchs look towards Dubai and Israel in efforts to avoid sanctions March 10, 2022 Legal experts have said Russian oligarchs, looking for new jurisdictions to store their wealth, may be turning towards Dubai and Israel due to a lack of other options, as they seek to avoid sanctions and exit Russia’s crumbling economy. Speaking to City A.M. David Savage, head of financial crime at London law firm Stewarts, said [...]
Exclusive: Khan tries to coordinate London hotel accommodation for Ukraine refugees March 10, 2022 Sadiq Khan is in talks to try and coordinate hotel accommodation for Ukrainian refugees set to arrive in London as a part of a similar scheme used to house homeless people during the first Covid lockdown. City Hall has been speaking to the government about how to house those fleeing Russia’s invasion of Ukraine, with [...]
Starkware valuation on track to hit $6bn in latest funding round March 10, 2022 Israeli blockchain start up Starkware is reportedly closing a bumper funding round at a new valuation of $6bn.
Red Rocket review – a fascinating story of sleaze March 10, 2022 Like 2017’s Oscar nominated The Florida Project, director Sean Baker once again deals with people at the other side of The American Dream in a story that is miles away from anything you’ll currently see at the cinema. Simon Rex stars as Mikey, a former LA porn star who returns to his hometown in Texas [...]
The City View: March 10 March 10, 2022 Today Andy Silvester chats to James Sym, Portfolio Manager of European Equities at River and Mercantile, about whether investing in ESG truly and effectively aids decarbonisation; deglobalisation; and how investment portfolios will need some tinkering in the coming years as a result of high inflation and geopolitical issues. Andy also goes through the headlines: the [...]
Technology To Help Issues Raised by Rising UK M&A Deal Volumes March 10, 2022 Record-level deal activity in 2021 and the associated resource strain may mean dealmakers will turn away or delay deals in 2022, although many expect to circumvent the issue by using more technology, according to a new survey of 200 UK-based dealmakers by Datasite. Low interest rates and opportunities abroad According to the survey, almost half [...]
Clifford Chance to wind down Moscow offices amid scrutiny over law firm’s links to oligarchs March 10, 2022 Magic Circle law firm Clifford Chance has set out plans to close its Moscow offices, as City of London law firms face mounting pressure to sever all ties to Russia. Clifford Chance’s decision to “wind down” its Moscow offices comes just an hour after Magic Circle law firm Allen & Overy said it would be [...]
TfL approves 5.5 per cent increase in cabs’ fares to help drivers face economic situation March 10, 2022 Transport for London’s (TfL) finance committee approved today a 5.5 per cent increase in black cabs’ fares as a way to help drivers survive the ongoing economic situation. From 30 April, minimum fares between 5am and 10pm will increase from £3.20 to £3.80, while travellers to Heathrow will see their supplement go up from £2.80 [...]
