Staffing crisis: Exodus of junior bankers as burnouts force 70 per cent to quit June 25, 2021 Severe workloads are contributing to mass burnout among junior bankers, prompting many of them to quit their job, new figures reveal. Up to 70 per cent of analysts and associate teams left their role at banks and financial institutions in recent months, despite firms stepping up their efforts to retain young talent. Firms have offered [...]
Credit Suisse could seek UBS merger after Greensill and Archegos scandals June 25, 2021 Credit Suisse’s top management are under pressure to overhaul the scandal-hit Swiss bank and a merger with rival UBS may be on the cards. Reuters today reported that three people familiar with the bank’s thinking are concerned that it could be challenged by investors demanding its break-up. This has led the sources to believe that [...]
Andrew Neil takes break from GB News after ‘rocky start’ June 25, 2021 Andrew Neil has announced he is taking a break from GB News just two weeks after he launched the channel. The veteran TV presenter said on his show last night that he would be away for a “few weeks” as he admitted the venture had got off to a “rocky start”. He told viewers that [...]
Food tsar warns PM Johnson taxes on bangers and bacon could spark protests June 25, 2021 Boris Johnson’s food tsar Henry Dimbleby wants Brits to pay meat taxes to help tackle climate change but has warned of a potential backlash. Processed meats including burgers, bacon, chicken nuggets and ham could face a levy, according to a draft plan leaked to The Sun. Move could prompt backlash Henry Dimbleby is expected to [...]
EP: 69 Newcastle, Newmarket, Curragh & Hong Kong June 25, 2021 The Curragh is the venue for the Irish Derby on Saturday where Aidan O’Brien looks to have a strong hand. The annual Northumberland Plate is run at Newcastle on the same day, whilst Newmarket stage some exciting Group 3 and Listed races on a busy afternoon of action. Trainer Charlie Fellowes is our special guest [...]
Instagram tests desktop feature in professional push June 25, 2021 Instagram is testing a new feature that will allow users to upload posts from their desktops in an effort to woo professional photographers and influencers. The Facebook-owned app, which was founded in 2010, has long resisted developing a web version of its app as the platform is designed for mobile users to post photos on [...]
Ray-Ban maker EssilorLuxottica considers suing GrandVision over €7.2bn takeover breaches June 25, 2021 Ray-Ban maker EssilorLuxottica is considering suing Dutch eyewear retailer GrandVision after a court ruled it violated the terms of their €7.2bn acquisition agreement, according to reports. On Monday, an arbitration court ruled that GrandVision had breached obligations of the takeover agreement, after which Essilor said it was reviewing its options. The deal breaches meant EssilorLuxottica [...]
Online retailer CMO eyes £100m AIM listing in bid to disrupt building materials market June 25, 2021 Online-only building materials firm CMO is set to list on London’s AIM market next month, the company announced this morning. City A.M. understands that the Plymouth-headquartered outfit is likely to fetch a valuation of around £100m. CMO will be looking to follow in the footprints of fellow home improvement retailers Victorian Plumbing, which listed on [...]
Announcing the Crypto AM Policy Forum June 25, 2021 Announcing the formation of the Crypto AM Policy Forum which will be made up of industry and support service representatives.
City A.M. TV: A market snapshot June 25, 2021 US equity markets have since bounced, recovering most of their losses.
