H&M’s autumn profit beats expectations January 28, 2022 Fashion retailer H&M has surpassed expectations with a bigger profit increase than expected for its autumn trading period. In an update on Friday, the Swedish firm said pretax profit hit levels equivalent to £478.6m for the September to November period. Profit reached 6bn crowns in its financial fourth quarter, up from 3.67bn the previous year. [...]
University puts trigger warning on Harry Potter January 28, 2022 The English department at the University of Chester have issued a trigger warning on Harry Potter and the Philosopher’s Stone, saying it could lead “difficult conversations about gender, race, sexuality, class, and identity”. As part of a first year module, “Approaches to Literature” module, freshers are required to read JK Rowling’s first Harry Potter book [...]
New Klarna valuation drives £117m payout to Jupiter Asset Management January 28, 2022 Managers and two stockpickers at Jupiter Asset Management reportedly received a £117m payout after giving Klarna an inflated valuation.
Office market booms as Tfl passenger numbers climb again January 28, 2022 Take up of Central London office space soared at the end of last year, in a major boost for the City’s revival this winter. Tenants took up 3.2m sq ft of London office space in the final quarter, exclusive data from real estate firm CBRE revealed. This was the strongest take-up since the end of [...]
FCA requested to review buildings insurers as Gove says leaseholders hit with ‘rapidly escalating’ costs January 28, 2022 The financial services regulator has been requested to review the buildings insurance market for blocks of flats. In a letter to the regulator, housing minister Micheal Gove said he was “extremely concerned” to hear from leaseholders about their experience of “rapidly escalating” insurance premiums on high and medium-rise blocks. There have been cases where insurance [...]
Paragon Banking Group sees ‘strong’ start to the year amid lending surge January 28, 2022 Paragon Banking Group saw lending surge in the latest quarter, with the challenger bank praising a "strong" performance.
US officials echo concerns about Russian ‘dirty money’ in London hindering sanctions January 28, 2022 US officials have raised concerns about effective sanctions on President Putin if Russia invades Ukraine because of “dirty money” tolerance in the UK.
London is back – but our historic cousin Hong Kong will take a while longer January 28, 2022 What a delightful sight it is to see a busy London train station on our front page today. The world is, slowly, coming back to a new normal. As we wrote yesterday, there is no question the world has changed – and smart employers will have to respond to new expectations. But there is still [...]
City Moves: Who’s switching jobs in the Square Mile this week? January 28, 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. BNP Paribas Real Estate BNP Paribas Real Estate has promoted James Carrington to lead the firm’s City investment team, which advised on nearly £1bn worth of deals last year. Taking on the position from Aidan Meynell, who has stepped down, Carrington brings more [...]
Tugendhat: UK must block Russian access to the City to help stop Ukraine war January 28, 2022 The UK must get tough and block Russia from the City of London’s vast web of financial services if it is to help stop an invasion of Ukraine, senior Tory Tom Tugendhat has said. The Foreign Affairs Committee chair writes in City A.M. today that Boris Johnson should “close down the options that allow” Vladimir [...]
