Nasa to test planet’s defences against asteroids with spacecraft collision November 23, 2021 Nasa is set to test the planet’s defences against near Earth objects (NEOs) by slamming a spacecraft into an asteroid – in a bid to knock it from its path. The mission, known as a double asteroid redirection test, will test defence technologies and strategies in preventing dangerous asteroids and meteors impacting Earth. If all [...]
Take a look: Department store titan’s former Park Lane apartment on sale for £19.5m November 23, 2021 Harry Selfridge’s Park Lane apartment – the man behind the British department store Selfridge’s – has gone up for sale for a dear £19.5m. The Brook House apartment, being sold by estate agency Wetherell, boasts a front seat view of Hyde Park, with small glimpses of the rest of London, including its iconic red buses, [...]
City Moves: Who’s switching jobs in the Square Mile today? November 23, 2021 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. Validus Validus Risk Management (Validus) has appointed an asset management veteran to its London-based chief operational officer position, while it also appoints a new principal in New York. Jarv Ashford joins the financial risk advisory firm from [...]
Jurassic World game developer shares slide 31 per cent after missing sales targets November 22, 2021 Frontier Developments, the videogame maker behind Jurassic World Evolution 2, had its share price plunge more than 31 per cent by market close after missing sales targets. The share price closed at 1,700p per share. The London-listed firm said in its full year trading update that the sales of the Jurassic World game – the [...]
London-listed mining firm banned from expanding in Peru region November 22, 2021 London-listed mining company Hochschild Mining will no longer be allowed to post more mining operations in southern Ayacucho Peru, after environmental complaints. The company’s response to the move by the Peruvian government saw shares plunge more than 36 per cent to 105.3p per share by mid-afternoon. The Peruvian head of cabinet had indicated that approvals [...]
Collision of pandemic and Brexit pushes £18bn loss in travel services trade November 22, 2021 The collision of the pandemic and leaving the European Union (EU) has tipped an £18bn loss in travel services trade, according to the latest figures. While total service exports and imports grew in the second quarter, trade in services remained well below levels seen prior to Covid-19, the Office for National Statistics (ONS) revealed. Weaker [...]
Australian Buy Now Pay Later firm wades into UK market November 22, 2021 Australian Buy Now Pay Later (BNPL) firm humm has waded into the UK’s alternative credit market ahead of Black Friday and Christmas sales. It means Brits will be able to borrow between £1 and £3,000 across 12 months with zero interest. The Australian-listed firm offers consumers the ability to pay in five or 12 instalments [...]
India’s Reliance hits pause on $15bn Aramco deal, pushing shares down November 22, 2021 India’s largest firm, Reliance Industries, has hit pause on selling a stake of its oils business to Saudi Arabia’s industry titan Aramco – pushing shares down. Reliance had started to process to sell off the 20 per cent stake around two years ago, in a bid to slash mounting debt, for some $15bn. However, over [...]
City Moves: Who’s switching jobs in the Square Mile this week? November 19, 2021 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. C. Hoare & Co. Private bank C. Hoare & Co. has posted a former JP Morgan executive to its board as a non-executive director. India Gary-Martin brings some 25 years of experience to the role, from across [...]
Biffa reinstates dividend, though shares slide following broker downgrade November 18, 2021 Biffa has reinstated a dividend today, after its revenue has climbed nearly 40 per cent in the past six months. However, the results were met with shares diving more than 10 per cent throughout the day, which steadied to a fall of 9.62 per cent to 357p per share by market close. The waste management [...]