City Moves: Who’s switching jobs in the Square Mile? March 31, 2022 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. IMMO Capital London-based residential investment platform IMMO Capital has appointed a new director. Anna Clare Harper, who launched her career at Big Four firm Deloitte, previously co-founded a boutique investment firm focused on the UK’s private rental sector. Supporting co-founder [...]
Unregulated CBD products to be stripped from UK shelves amid new ‘green wave’ March 31, 2022 A list of the first cannabis-based food products allowed to be sold in the UK is to be revealed by the country’s standards watchdog today, City A.M. understands. The UK’s Food Standards Authority (FSA) will publish a list of nearly 5,000 products which will fall under its regulatory wing. After a year of waiting, products [...]
Canary Wharf to host Europe’s largest commercial lab under new deal March 30, 2022 Canary Wharf is anticipated to host the largest commercial wet lab in Europe, as part of a investment partnership unveiled today. The Canary Wharf Group and Kadans Science Partner have announced a joint venture today to develop the 750,000 square foot life-science focussed hub. While no figure has yet been put on the investment, City [...]
‘A false veneer to a broken system’: British judges resign from Hong Kong’s highest court March 30, 2022 British judges have resigned from Hong Kong’s highest court, in a move which has been welcomed by the foreign secretary and UK-based advocacy group Stand With Hong Kong (SWHK). Two senior judges, Robert Reed and Patrick Hodge, submitted their resignation to the city’s Court of Final Appeal (HKCFA), saying their role was “no longer tenable” because of [...]
Hong Kong’s Covid-19 battle has ‘brain drained’ economy as house prices are forecast to fall March 30, 2022 While some restrictions are due to be eased next month, Hong Kong’s battle with Covid-19 will fuel a shrinking economy and plunging house prices, according to Goldman Sachs economists. House prices are forecast to fall around 20 per cent over the next four years, falling five per cent every year, while mortgage rates are expected [...]
GPE snaps up London’s Fashion Retail Academy building for over £36m March 30, 2022 GPE, formerly known as Great Portland Estates, has snapped up the government and Philip Green-backed Fashion Retail Academy building for £36.5m. While the property development and investment firm has bought the building, in the heart of Fitzrovia, it will remain home to the fashion school until it relocates to a larger building. The building, a [...]
London-listed life sciences firm agrees £150m debt financing facility with HSBC March 30, 2022 Life Science REIT has agreed a £150m debt financing facility with HSBC, in a bid to fund new life science properties across the Golden Triangle: London, Oxford and Cambridge. The deal, in what will be the company’s first borrowing agreement, is made up of a £75m three-year term loan facility and a £75m revolving [...]
City Moves: Who’s switching jobs in the Square Mile? March 30, 2022 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. Johnston Carmichael Accountancy and business advisory firm Johnston Carmichael has bolstered its London leadership team with a new internal audit and controls assurance partner. Si Mathavan, who joins from EY where he was director of the assurance team, brings 17 years’ worth of experience [...]
London clings on to crown as top global city, according to Schroders index March 29, 2022 London remains top of a closely-watched global cities index compiled by asset manager Schroders. The capital ranked top in the index for innovation, reflecting its status as the home of more ‘unicorn’ companies than much of the rest of Europe combined and the fact it is home to some of the world’s leading universities. London [...]
Ex-Sainsbury’s director to share helm of government Environment Agency March 29, 2022 Environment secretary George Eustice has appointed the former Sainsbury’s director as deputy chair of the government’s Environment Agency. Retail veteran Judith Batchelar will step into the new role at the beginning of April as current deputy chair Richard Macdonald’s term ends. Batchelar, who resigned from Sainsbury’s after 16 years last May, worked in the food [...]
