Is starting your own business better than sex? Yes, say half of all Londoners August 20, 2021 Self-employment has skyrocketed 93.9 per cent since 2000 and for nearly 1 in 2 Londoners, it seems that their sex life has taken a backseat as a result. Is starting up and running a business really better than sex? Well, 47 per cent of Londoners believe so as they compare the feeling of launching their own business to be better or at least as good as sex itself, according [...]
Bidding war for Morrisons heats up as US private equity giant makes £7bn move August 20, 2021 A fresh £7bn bid for supermarket chain Morrisons has been put forward by US private equity firm Clayton, Dubilier & Rice (CD&R). The deal has been unanimously accepted by the board of the grocer and directors have said shareholders should vote in favour of the takeover at a meeting due in early October. It means [...]
Watch: Afghans desperate to flee Kabul fall from plane August 19, 2021 Crowds of people desperate to flee Afghanistan tried to board a moving plane at Kabul airport, with some falling to the ground after take off. Edit contains graphic images.
Faulty lab tests: Hundreds of drug-driving convictions could be quashed August 19, 2021 Hundreds of drug-driving convictions could be called into question after problems with evidence samples were discovered in forensic labs, according to police. Some evidence handled by forensic testing company Synlab Laboratory Services Limited is “no longer reliable”, the National Police Chiefs’ Council (NPCC) said. The company “identified issues with its analysis of drug-driving samples” in [...]
Exclusive: Fund manager Andy Ho on why the City is the best place to raise capital August 19, 2021 This morning City A.M. sits down with fund manager Andy Ho, a City insider who left his native Vietnam as a boat refugee, only to return two decades later as a global investor. Ho’s Vietnam-focused investment fund VOF is listed on the LSE’s main market, a member of the FTSE 250 and one of the [...]
Financial crime and fraud go through the roof during pandemic August 19, 2021 Lockdowns and restrictions in movement in England and Wales saw a surge in online shopping which led to “substantial increases” in computer crimes, according to the Office for National Statistics (ONS). As a result, financial crime, fraud and hacking soared during the pandemic as criminals “took advantage of behavioural changes”, according to new figures. Figures [...]
Criminals troll dating websites to scam would-be lovers with bogus offers August 19, 2021 Cyber criminals offering bogus investment opportunities on dating platforms this year has led to losses of more than £15m, according to new data shared with City A.M. this evening. While the vast majority of investments offered are in cryptocurrency, victims have also handed over money believing they are investing in other commodities, including stocks and [...]
Exclusive: ‘When I started, diversity didn’t really exist’, says Bank of America’s international head of ESG August 19, 2021 In this series, City A.M. zooms in on a range of successful women in the Square Mile, some being movers and shakers in their respective fields – rule makers, not rule takers – while others are rising stars worth keeping an eye on. Today: Andrea Sullivan, international head of ESG at Bank of America. An M&A [...]
Markets stumble as China throws sand into the gears of recovery August 19, 2021 European stocks have come under further pressure today, in sharp contrast to last week. The falls appear to be being driven by several factors, so you can pick your poison to a certain extent, however the prospect of a Fed taper is unlikely to one of the main factors, given that US yields are lower, [...]
Thames Water coughs up £11m to compensate 13,8000 businesses for wrong bills August 19, 2021 Following an investigation by regulator Ofwat, Thames Water has agreed to pay more than £11 million to 13,800 businesses for billing them the wrong amounts. The company said it would hand out the cash to non-household customers and water retailers for errors dating back to 2017 after the Ofwat probe. Investigators found data used to [...]
