JPMorgan to buy fintech firm Nutmeg for upcoming UK digital bank June 17, 2021 JPMorgan Chase is set to buy digital wealth manager Nutmeg, the companies confirmed today, as fintech’s trajectory has been pushed even higher by the pandemic. While still subject to regulatory approval, the deal will bolster JPMorgan’s digital bank branch, under the Chase brand, which is planned for launch in the UK later this year. The US financial [...]
Indeed: Global interest in UK jobs post-Brexit lifts to pre-pandemic levels June 17, 2021 Searches from across the world for UK-based jobs have returned to pre-pandemic levels, according to jobs site Indeed, as international workers eye easing travel restrictions. The UK’s new points-based immigration system has seemingly drawn in interest for its higher-paid jobs post-Brexit after Indeed’s new job rates slumped in the height of pandemic uncertainty. As the government [...]
Simply Be brand owner N Brown signs up Amanda Holden and Davina McCall for some celebrity firepower June 17, 2021 Retailer N Brown has leaned heavily on its core brands in the last few months as the business signed up Amanda Holden and Davina McCall to provide some celebrity firepower. The business said that its five core brands, Jacamo, Simply Be, JD Williams, Ambrose Wilson and Home Essentials saw revenue grow by 15 per cent [...]
Trainline ticket sales rebound 269 per cent after May’s £100m loss June 17, 2021 Trainline has posted a staggering 269 per cent UK ticket sales increase in its first quarter, which raked in £237m to partially offset May’s £100m operating loss. In the highest level since the start of the pandemic, the train and coach travel platform brought home £334m in total sales in the 14 weeks to 31 [...]
NHS to receive £36m injection for AI tech in national health bounce back June 16, 2021 The NHS is set to receive a £36m injection to bolster its AI capabilities across 38 new projects designed to make diagnoses faster. While the NHS has been handling the Covid-19 pandemic, concerns over a diagnoses backlog have emerged, with people more hesitant to go to the GP or hospital for check-ups. The new [...]
Big in Japan: More British chicken will head to the ‘land of the rising sun’ June 16, 2021 The UK has bagged a £65m market access deal with Japan which will see more British chicken served on Japanese tables over the next five years. The agreement, which is estimated to be worth up to £13m per year, will see UK farmers ship poultry to the world’s third-largest economy. International trade minister Ranil Jayawardena [...]
98 per cent of hedge fund managers plan to put investment bets on crypto June 16, 2021 Hedge funds are increasingly betting on crypto, as an ‘overwhelming majority’ of senior staff eye digital asset investments over the next five years, according to a new report. The report by Intertrust, which surveyed 100 senior-level professionals, found that 98 per cent expect funds to invest in digital assets in the next five years. The [...]
City Moves: Who’s switching jobs in the Square Mile this week? June 16, 2021 City A.M.‘s Millie Turner provides a roundup of the most important hires and job moves across the City, every Wednesday afternoon. Email citymoves@cityam.com to be featured. CBRE board bags ex-BlackRock real estate lead A former head of global real estate at investment heavyweight BlackRock is set to join real estate services firm CBRE in June. Marcus Sperber [...]
Ex-Barclays CEO Antony Jenkins’ BlackRock-backed fintech firm raises $187m June 16, 2021 Ex-Barclays CEO Antony Jenkins' BlackRock-backed fintech firm raises $187m
Electra Private Equity passes TGI Fridays on to London’s Hostmore in demerger June 16, 2021 Electra Private Equity, the company behind TGI Fridays, has confirmed this morning that new holding company Hostmore will be taking over the American diner brand. Taking place in the third quarter of this year, London-based Hostmore will also bag cocktail bar 63rd+1st in the demerger. In the four weeks since restrictions lifted on 17 May, [...]
