London fintech TransferGo raises $50m after pandemic fuels growth September 30, 2021 London-based international money transfer fintech TransferGo has raised another $50m in funding in its Series C round. Co-led by Elbrus Capital’s third fund and Black River Ventures, the latest round brings the total TransferGo has raised thus far to $77m. Existing investors Hard Yaka, VEF, SmartHub and Milano Investments backed the round, and new investor [...]
UK’s Tortilla Mexican food chain valued at £70m as it prices shares ahead of IPO September 30, 2021 Mexican fast food chain Tortilla has been valued at £70m after pricing its shares in the region of expectations ahead of its debut on London’s Aim market. Tortilla priced its shares at 181 pence per share, less than a week after it announced its intention to float on the London stock exchange. The restaurant brand [...]
Why athletics needs a silver bullet in the form of private investment September 30, 2021 The results are just in, and they don’t make for easy reading. World Athletics posted a small financial surplus in 2020, but only because Russia coughed up a fine for its doping misdemeanours. W hat’s worrying is the long steady decline in the reserves of track and field’s governing body. For the sake of the [...]
Boohoo shares slump as profit dwindles from pandemic highs September 30, 2021 Boohoo’s shares sank as much as 15 per cent today, after the fast fashion retailer reported profits were down on last year’s pandemic highs, as increased operational costs slightly offset business gains. The e-commerce giant announced this morning that revenue surged 20 per cent in the six months ending 31 August, with sales jumping to £975.9m [...]
City Moves: Who’s switching jobs in the Square Mile today? September 30, 2021 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. GAM GAM Investments has hired a former BlackRock Director for its newly created role of Head of Global Consultant Relations. Reporting to Global Head of Institutional Solutions Jill Barber, incoming lead Mary Murphy will help build strategic [...]
Small businesses will bear the burden of climate costs and reap few rewards September 30, 2021 Climate is Covid on steroids, so says Mark Carney, the former Governor of the Bank of England. While the world has grappled with, and seemingly started to defeat, this coronavirus pandemic, the next challenge is going to be even harder. The upcoming Cop26 conference in Glasgow is a bellwether moment for the fight against global [...]
Editorial: A decent Labour opposition can be good for the Tories, too September 30, 2021 In December 2019, this newspaper ran an editorial which – in no uncertain terms – said that a Labour party led by Jeremy Corbyn didn’t deserve your- our readers – votes. The party had descended into a pit of anti-semitism, infighting and backstabbing. If Theresa May once warned the Conservatives they had become seen as [...]
All aboard: Searches for homes near London stations soar September 30, 2021 The rush back to the office has inspired a jump in searches for homes close to London stations that give them a quick commute into the City. House hunters were keen to have speedy access to Central London, as the momentum behind the office return ramped up, according to data from RightMove, shared with CityAM. [...]
Small businesses will bear the burden of climate costs and reap few rewards – CityAM : CityAM September 30, 2021 Climate is Covid on steroids, so says Mark Carney, the former Governor of the Bank of England. While the world has grappled with, and seemingly started to defeat, this coronavirus pandemic, the next challenge is going to be even harder. The upcoming Cop26 conference in Glasgow is a bellwether moment for the fight against global [...]
Staycations could inject over £9bn into economy September 30, 2021 A continued demand for staycations could see more than £9bn injected into the UK’s tourism economy. Barclays estimated that, should a preference for UK holidays continue at the same rate in 2022, it would add up to £9.2bn to the domestic tourism market. While many Brits will be eager to swap Cornwall for Portugal next [...]
