London set to be home of new transatlantic carrier Global as soon as next year May 23, 2023 A team of successful investors are preparing the launch of a new transatlantic airline based out of London, City A.M. has learned, with one Airbus jumbo jet already purchased. The investors behind Holiday Swap, the travel platform valued at more than £300m, and the firm’s founder James Asquith are thought to have as many as [...]
British American Tobacco investors call on new chief to launch ‘aggressive’ share buybacks May 23, 2023 Investors in British American Tobacco (BAT) are reportedly calling on its new chief executive to launch an “aggressive” share buyback programme to accelerate the return of capital to shareholders and boost the cigarette maker’s dwindling share price, which has fallen 18 per cent since the start of this year. BAT launched a £2bn stock repurchase [...]
We’ve hit peak ‘wholecoiners’, and it’s a good thing for today’s Bitcoin investors May 23, 2023 The rise in the number of investors holding a whole Bitcoin is going to be a long-term price driver, says Nigel Green.
Sadiq Khan: London councils need more power to take back empty properties May 23, 2023 The Mayor of London has today called on the government to devolve powers to local councils so they can set higher rates of council tax on vacant properties. It comes as part of a bid to bring back empty flats and houses to the struggling London market. “It’s a scandal that so many much-needed homes [...]
Dominic Raab to stand down as MP following bullying scandal May 23, 2023 Dominic Raab is set to stand down as an MP at the next general election in the wake of a bullying scandal which saw him quit Rishi Sunak’s government.
First Citizens sues HSBC for poaching Silicon Valley Bank staff May 23, 2023 First Citizens, which acquired Silicon Valley Bank following its collapse, sued HSBC on Monday, accusing it of poaching more than 40 of the failed bank’s employees in order to launch its own U.S. venture banking business. The lawsuit filed in San Francisco federal court says HSBC violated federal law by hiring away the workers so [...]
London AI firm bags $250m injection led by Qatari sovereign wealth fund May 23, 2023 A London-based artificial intelligence firm has announced a $250m cash injection led by the Qatari sovereign wealth fund today as investors rush to capitalise on a boom in AI technology.
Mike Ashley seeks to join Mulberry’s board as he tires of firm’s poor sales May 23, 2023 Sportswear tycoon Mike Ashley is reportedly set to muscle his way onto the board of luxury brand Mulberry as he grows increasing tired of the company’s poor sales performance. Ashley’s Frasers Group owns a 37 per cent stake in Mulberry, but the brand is ultimately controlled by Malaysian billionaire Ong Beng Seng and his wife [...]
Angry motorists clash with Just Stop Oil on Blackfriars, Tower and London Bridges May 23, 2023 Climate change protesters have again clashed with drivers as they staged marches on three bridges in central London. Forty-five Just Stop Oil (JSO) activists blocked the roads on Blackfriars, London and Tower bridges on Tuesday morning by walking slowly in the road. One man was handcuffed by police after he appeared to push two JSO [...]
Does trading in unbacked crypto assets present a regulatory dichotomy? May 23, 2023 Wendy Saunders, Head of Financial Services Regulatory at lawyers Lewis Silkin picks apart the Treasury Committee report on crypto assets.
