London misses out as Binance taps Paris as home of European HQ May 4, 2022 Crypto exchange Binance has confirmed Paris will be the home of its European Headquarters after securing approval from local regulators.
Hitting the high note: Providence puts music catalogue up for sale in £479m mega deal May 4, 2022 Just as other private equity funds are snapping up music catalogues, Providence Equity is preparing to sell up. According to reports from the Financial Times, Providence is looking to sell the Tempo song catalogue, which includes hits from rapper Wiz Khalifa and Twenty One Pilots, for an estimated $600m (£479m). It is understood that the [...]
The City View: US and UK rate hikes imminent May 4, 2022 Today Andy Silvester talks to City A.M.’s Economics and Markets reporter Jack Barnett. They go through UK and US rate rises, discuss the likelihood of a recession, and explain equity market slumps. Also in the news: Crossrail is only 20 days away and sales are slowing at JD Wetherspoon.
Police name man stabbed to death near St Paul’s Cathedral as Emmanuel Odunlami May 4, 2022 Police have named the victim of a fatal stabbing near St Paul’s Cathedral over the bank holiday weekend as Emmanuel Odunlami. City of London detectives named 32 year old Emmanuel Odunlami as the victim of a fatal stabbing on 1 May. Odunlami, from Romford, was found in Gresham Street, EC2V, suffering from a fatal stab [...]
Binance given green light for France operation with creation of 250 jobs May 4, 2022 Cryptocurrency exchange Binance, has been granted a Digital Asset Service Provider (DASP) registration to operate in France.
European firms hike prices at fastest pace on record May 4, 2022 Businesses in Europe are hiking prices at the fastest pace on record in response to swelling costs triggered by Russia’s invasion of Ukraine and China lockdowns, revealed a closely watched survey released today. The fresh figures underscore the severity of inflationary pressures that are spreading through the world’s top economies. Data published on Tuesday by [...]
FCA staff kick off first strike action since finance watchdog’s creation May 4, 2022 Employees at the City watchdog walked out for the first time today to protest against their employer’s pay offer. Workers at the Financial Conduct Authority (FCA) protested outside the regulator’s headquarters in Stratford, east London. Staff represented by Unite the union are striking in response to a pay offer tabled by the FCA that will [...]
Allianz strikes deal with South African insurer Sanlam to form Africa’s biggest insurance firm May 4, 2022 German insurance giant Allianz has struck a deal with South African insurance company Sanlam to create the biggest insurer in Africa. The deal will see two firms launch a new joint venture that is set to become the biggest pan-African non-banking financial services firm on the continent. The new firm will operate in 29 different [...]
Just Eat urged to spin off Grubhub ‘quickly’ at AGM as shares plunge after investigation into top boss May 4, 2022 Just Eat Takeaway shareholders approved resolutions to reappoint key board members despite criticism from its activist investor. The delivery service made headlines ahead of its AGM on Wednesday morning, with news of the departure of its chairman and an investigation into its COO. However, despite pressure from activist investor Cat Rock last month, shareholders of [...]
European Union finally unveils Russian oil import ban May 4, 2022 The EU has proposed to phase out Russian oil imports, as part of a sixth package of sanctions against Russia following its invasion of Ukraine.
