Milan-based fund Azimut bets on celeb studded BroadLight April 12, 2022 Asset management firm Azimut Group has agreed to buy a 10 per cent stake in the Hollywood-studded BroadLight. BroadLight was founded by talent manager Rick Yorn and entertainment lawyer Kevin Yorn, who represent some of showbiz’s biggest names including Cameron Diaz, Leonardo DiCaprio and Chris Rock. According to reports from the Financial Times, the idea [...]
Time Out calls time on London as printers pulled after fifty years April 12, 2022 Time Out will be halting London printers for good as the group pulls the magazine in the capital after over fifty years.
Johnson says sorry for breaking his own Covid rules as he vows to stay as PM April 12, 2022 Boris Johnson has apologised for breaking his government’s Covid rules to attend his own work birthday party in 2020 and has vowed to stay on as Prime Minister. The PM, chancellor Rishi Sunak and Carrie Johnson were all handed Fixed Penalty Notices by the Metropolitan Police today for a lockdown-busting work birthday party in Downing [...]
Exclusive: Circle plots sterling backed stablecoin after $400m capital raise April 12, 2022 Circle, the issuer of the world's second largest stablecoin, USDC, is expanding its UK presence after securing $400m in funding.
Exclusive: Fewer than one in 10 FCA staff back Unite strike poll April 12, 2022 Unite the union hailed a victory over the City watchdog today after staff backed industrial action. However, City A.M. understands fewer than one in ten of the Financial Conduct Authority’s (FCA) staff actually supported strike action. Unite said today 75 per cent of the union members that participated in the vote backed the industrial action [...]
Drinks events back after the pandemic, Here are two for your diary April 12, 2022 The first big booze shows are on the horizon – we’ll drink to that! The Cognac Show All Cognac is brandy, but not all brandy is Cognac. Though it suffers from a perception that it is too fancy, expensive, and decadent, this varied category of French grape spirits was the workhorse of many traditional cocktails, [...]
Slaughter and May ups pay for new lawyers to £115,000 a year as talent war rages on April 12, 2022 Slaughter & May has given its newly-qualified lawyers a seven per cent pay rise after upping their salaries to heights of £115,000. The pay hike will see Slaughter & May’s NQs see their salaries jump from current rates of £107,500 to £115,000 a year from May. Slaughter & May also said it would pay out [...]
Spending cool down weighs on London-listed supermarkets April 12, 2022 Early signs of consumers pulling back on spending drove supermarkets lower today in the City, dragging down London’s top indexes. The capital’s premier FTSE 100 index dropped 0.55 per cent to 7,576.66 points, while the domestically-focused mid-cap FTSE 250, which is more aligned to the health of the UK economy, fell by the same amount [...]
LVMH continues to ride cash-splurging wave for luxury goods as revenue jumps a third April 12, 2022 LVMH has continued to ride the pandemic-era wave of consumers splurging extra cash on luxury goods, as opposed to jetting away overseas. Revenue jumped nearly a third to €18bn (£15bn) in the first quarter of this year, in comparison with €13.9bn in 2021 – with fashion and leather products leading the way. Such goods hit [...]
Putin says sanctions against Russia won’t work as he vows to continue Ukraine invasion April 12, 2022 Vladimir Putin has said the West’s “blitzkrieg” of sanctions against Russia will not work as he vowed to continue his “noble” invasion of Ukraine. Putin today said peace talks with Kyiv are at a “dead end” and that the invasion is “going to plan”, despite Russian troops failing to achieve any of their major military [...]
