The ‘lifeblood of the City’ must return to offices after pandemic, Peel Hunt boss says January 26, 2021 The chief executive of Peel Hunt called on “the lifeblood of the City” to return to offices after the pandemic, as the investment bank announced it is moving to a new building in Liverpool Street in a vote of confidence in London’s recovery. Peel Hunt boss Steven Fine said that the firm – which allowed [...]
Avo and toast all the way to growth? Don’t ask millennials to bail out the economy January 26, 2021 Millennials finally have some capital – don’t ask them to spend it to ‘save’ the economy Two things are known universally about millennials: they like avocados, and they are the first generation in history that will be financially worse off than their parents. It’s because of that second point that millennials should not be encouraged [...]
‘Robots will take our jobs’: Eigen boss Lewis Liu on the future of the City worker January 26, 2021 It’s very rare a chief executive will say their work will lead to mass job cuts, not least one of an artificial intelligence firm. But Eigen Technologies’ Lewis Liu is not like your everyday boss. He is surprisingly frank in an industry that does an impressive job of spinning mass job cuts. “I’m not going [...]
Birdwatch: New Twitter feature allows users to flag misinformation January 26, 2021 Twitter will allow users to flag posts that are misleading or inaccurate in its latest effort to purge misinformation from its platform. The new feature, dubbed Birdwatch, allows people to write notes providing context and rebuttals on posts they believe are misleading. The pilot programme is being tested in the US, with notes initially only [...]
Irn Bru owner AG Barr to beat revenue expectations despite Covid restrictions January 26, 2021 Irn Bru owner AG Barr said full-year revenue is expected to be ahead of guidance, which was revised down in June due to the coronavirus pandemic. AG Barr announced this morning that revenue for the financial year ended 24 January will come in at around £227m, down from £255.7m the previous year but slightly higher [...]
TfL boss: Waterloo and City line can be opened “pretty quickly” when demand returns January 26, 2021 Transport for London’s commissioner has this morning guaranteed that the Waterloo and City line will reopen, but said that other lines were currently being prioritised. Andy Byford told City A.M. that the line was still closed for “practical” reasons. “But it absolutely will reopen, the only question is when. That can be a decision that [...]
Ex-EU commissioner says Brussels will not do City of London ‘any favours’ post-Brexit January 26, 2021 The UK’s former financial services commissioner to the EU has warned the City of London that Brussels is trying to overturn its status as a leading global financial centre. Lord Jonathan Hill, who also served as a minister under David Cameron, said the EU would “not do us any favours” and that it was certain [...]
Apollo boss Leon Black steps down after review into Epstein ties January 26, 2021 Leon Black will step down as chief executive of Apollo Global Management following an independent review into his ties to Jeffrey Epstein. “Given the extraordinary strength and depth of Apollo’s management team and consistent with best-in-class governance practices, I have advised the Apollo Board that I will retire as CEO on or before my 70th [...]
Angel CoFund rebrands as it launches new £30m ‘fast-track’ fund January 26, 2021 Angel CoFund has rebranded to ACF Investors as it launches a new £30m fund for early-stage UK businesses as angel activity drops off. The VC firm, which is in its tenth year, makes equity investments of between £100,000 and £1m in the UK’s smaller businesses and invests alongside angel investors. Speaking to City A.M., managing [...]
JD Sports mulls equity raise to fund acquisition spree January 26, 2021 JD Sports has confirmed it is considering tapping shareholders for extra cash to fund acquisitions, following reports that it is mulling a £400m equity raise. The retailer announced this morning that it is “exploring additional funding options” which could involve an equity placing. It said it is seeking to increase its “flexibility to invest in [...]
