Eurowag boss: ‘We floated in London as we would get the best reception’ September 6, 2022 Martin Vohanka – chief executive of Czech tech platform Eurowag – said he chose London for the company’s IPO because it would “get the best reception.” “It’s about the best venue, where we believed there was the largest pool of investors which could understand our business model,” he told City A.M. Founded in its current [...]
UK insurer Phoenix Group undergoes executive reshuffle September 6, 2022 UK Insurer Phoenix Group has hired the Bank of Ireland’s chief operating officer Jackie Noakes as its new chief transformation officer as part of a wider boardroom reshuffle. Prior to this, Noakes held senior roles at both Legal & General and American Express. Andy Briggs, Phoenix Group chief executive officer, said he was confident that [...]
BT shares slump as brokers downgrade FTSE 100 firm September 6, 2022 BT shares slumped to the bottom of the FTSE 100 this morning after it received a scathing broker note about its investments. German investment bank Berenberg dropped the telecom stock from a Buy to a Hold, stating that it had underestimated the pressures on the UK firm. Brokers also reduced its price target to 190p from 220p. [...]
The importance of building a brand in the metaverse September 6, 2022 Charles Stanton, CMO of Forj, sets out the case for why you need to get involved in the metaverse before it's too late.
Short sellers pile into UK firms amid political turmoil September 6, 2022 Short sellers piled into bets against UK firms in August as political turmoil and a looming recession continue to drag on London’s markets, new data has revealed. The UK made up 23.46 per cent of all short positions in Europe at the end of August, up from 22.6 per cent in July, followed by Germany [...]
LXi snags nearly £260m in theme park income strip deal September 6, 2022 Real estate investment trust LXi has snagged £257m from the sale of a 65-year income strip from Thorpe Park and Alton Towers. The London-listed fund cut the freehold deal with an unnamed “UK institution” and will be granted 999-year leases back. LXi will then pay the buyer an annual rent of around £8.2m, the company [...]
Lufthansa averts two more days of strikes following deal with pilots September 6, 2022 Lufthansa has averted an additional two-day strike after it reached a deal with the pilots’ union. The VC union called off the walkout which was scheduled for tomorrow and Thursday, saying the two parties had set the basis of a comprehensive package of measures – both monetary and structural – which will be laid out [...]
Senior Labour MP calls on government to give £2.5bn from Chelsea sale to Ukraine September 6, 2022 A senior Labour MP has hit out at the government for its delay in handing over billions of pounds to Ukraine, after the sale of Chelsea FC in May. Around £2.5bn made from the sale of the Premier League club still sits in the frozen Barclays bank account of ex-Chelsea owner, and sanctioned Russian oligarch, [...]
Is the IMF finally embracing cryptocurrencies? September 6, 2022 Crypto AM columnist and deVere chief Nigel Green believes the International Monetary Fund (IMF) finally seems to be seeing sense on crypto.
Liz Truss is the UK’s new Prime Minister after meeting with the Queen September 6, 2022 Liz Truss is the UK’s new Prime Minister after being asked to form government by the Queen in Balmoral this afternoon. Truss is now on her way back to London to deliver her maiden speech as Prime Minister outside Number 10. A Buckingham Palace spokesperson said: “The Queen received in audience The Right Honourable Elizabeth [...]
