City Moves: Who’s switching jobs in the Square Mile this week? February 24, 2022 City A.M.’s Millie Turner provides a roundup of the most important hires and job moves across the City, every morning. Email citymoves@cityam.com to be featured. Howard Kennedy London law firm Howard Kennedy has bolstered its contentious trusts and estates team with a new partner. Strengthening the firm’s private wealth offering, Monika Byrska joins from Thomson Snell & Passmore where she was a [...]
Oil surges to $100 per barrel as Russia launches full-scale assault on Ukraine February 24, 2022 Oil prices have reached the $100 milestone for the first time since 2014, after Russia initiated a wide-scale attack on Ukraine today. Brent Crude has soared 5.30 per cent to $101.97, peaking earlier in the session at $102.35, while WTI Crude has boomed 5.07 per cent to $96.77. This follows prices seesawing between dips and [...]
Johnson wanted to build a bridge to Ireland but can’t build enough homes February 24, 2022 Of all the mistakes made during the Referendum campaign by Team Remain, former Chancellor George Osborne was guilty of a whopper in May 2016. A month before people cast their vote, the Tory numbers man warned that Brexit could knock 18 per cent off house prices. At least one younger commuter on the train home [...]
Like it or not, buy now pay later will cleave customers away from credit companies February 24, 2022 For some, buy now, pay later has become a dirty term. Instead of looking at the positives the industry is bringing, not only to consumers, but the wider economy, buy now, pay later schemes have been branded a new version of “wonga” loans, by some or even used as an insult to throw around amongst [...]
Stratford site sold for development of 380 new homes February 24, 2022 A site in Stratford, East London has been sold to Telford Homes in a project that will see 380 new homes. The site was sold by LCR, the Department for Transport (DfT) and HS1 Limited. Currently used as a bus layover and taxi rank, the site is situated on International Way. The site is located [...]
Open banking’s ‘spaghetti soup’ of regulators needs streamlining, says boss February 24, 2022 The boss of the UK’s open banking body has called for the “spaghetti soup” of regulators overseeing the technology to be streamlined, as fintech firms increasingly push to accelerate its roll out.
City banks launch record recruitment drive February 24, 2022 The City banking jobs market is booming as lenders rush to reverse jobs cuts launched during the pandemic, reveals fresh figures published today. The UK’s top banks are looking to hire nearly 3,000 new candidates, according to research by recruiter Morgan McKinley and Vacancysoft. A shortage of skilled workers is intensifying competition between City banks [...]
Businesses have the power to fix their own board diversity problems without quotas February 24, 2022 The business case for creating diverse leadership teams based on people’s experience, hard-work and achievements, rather than their background or gender, is obvious. You would find it hard to track down any credible academic, researcher or business expert across the world who disputes this. Put simply, businesses are more innovative, prosperous and profitable, when they [...]
Exclusive: Beckham-backed electric vehicle startup hits $200m valuation February 24, 2022 An ‘upcycled’ electrical vehicle startup backed by David Beckham has hit a $200m valuation today, as it closed a private funding round to pump into a major manufacturing facility.
UK fraudsters extend their reach after taking advantage of two-thirds more victims during Covid February 24, 2022 The number of UK fraud cases worth more than £100,000 jumped by two-thirds (66 per cent) between 2020 and 2021, according to new figures from KPMG’s UK Fraud Barometer. The figures show fraudsters took a splatter-gun approach to financial crime last year, in defrauding a larger number of victims for smaller sums of money than [...]
