Can DeFi offer a way to circumvent regulators in the fund management sector? – CityAM : CityAM January 28, 2021 One of the ways regulators try and protect ‘less sophisticated investors’ is to only allow High Net Worth (HNW) or professional investors to access certain types of funds. The use of options and futures (derivatives) by an asset manager to reduce a fund’s exposure to the stock market or a particular equity (under the guise [...]
Easyjet boss: We can ‘take advantage’ of European rivals who got state bailouts January 28, 2021 Easyjet’s chief executive has said not getting government bailouts like continental rivals during Covid-19 could benefit the budget carrier as it seeks to grow in Europe. Unlike in many European countries, the UK government has not propped up the country’s airlines despite multiple calls to do so. But Johan Lundgren said the restrictions imposed on [...]
Concrete changes can allow Britain’s digital firms to fly January 28, 2021 Britain’s technology entrepreneurs seem the last people who need any attention from Government right now. Valuations are soaring. IPOs are being lined up. Even as the pandemic constrains our daily lives, businesses that will deliver the jobs, growth and tax revenues of the future are thriving. But in the great global race to create and [...]
Exclusive: London food hall Mercato Metropolitano to raise £5m to fund international expansion January 28, 2021 London street food market Mercato Metropolitano is aiming to raise up to £5m in a funding round in the coming months. The firm, which this week announced it will open three new sites in the capital in 2021, will raise capital in the second quarter after its plans were delayed due to coronavirus. City A.M. [...]
Twist review – Sky’s Dickens update is not so Artful January 28, 2021 Like Dracula and Sherlock Holmes, Oliver Twist is a character that seems to have been reimagined a number of ways over the years on the big screen. As well as the standard dramatisations of Dickens’ classic, there’s the beloved 60s musical Oliver!; animated hit Oliver & Company; and, er, a version set in the New [...]
Iron Man star Robert Downey Jr. launches sustainable venture fund January 28, 2021 Iron Man star Robert Downey Jr. is launching a rolling venture fund focused on investing in sustainable technology.
Prudential share price tumbles nine per cent on Jackson demerger plan January 28, 2021 The share price of insurer Prudential fell eight per cent today following news it would split off its US business through a demerger. Following pressure from activist investor Third Point, Prudential agreed to split off its US business Jackson through a demerger that could raise between $2.5 and $3bn in new equity. In response Prudential’s [...]
Paperchase secures future of 90 high street stores – but 37 set to close January 28, 2021 Paperchase has secured a deal to rescue the majority of its high street stores, saving 1,000 jobs, but 37 shops are set to close following the sale. The stationery retail chain announced it appointed administrators this morning and was bought by Aspen Phoenix Newco. Funds managed by Permira Debt Managers are the majority stakeholders in [...]
Sky owner Comcast beats revenue forecasts on broadband and streaming boost January 28, 2021 The US owner of Sky, Comcast, has posted better-than-expected revenues as broadband sales offset its losses from closed themeparks and empty cinemas
Shaun Bailey campaign in strife as team is whittled down to one press officer January 28, 2021 Shaun Bailey’s mayor of London campaign has been plunged into turmoil, with Conservative party headquarters withdrawing funding for his highly regarded press team. City A.M. understands that the Bailey team is now operating with just one junior press officer and is set to significantly reduce its online campaigning efforts. The mayoral election, which pits [...]
