By: Shruti Tripathi

I am City A.M.'s news editor. I love interviewing entrepreneurs, carrying out investigations through freedom of information requests and covering all the latest goings on in the world's great city, London. I started my career as an intern at LondonLovesBusiness.com in 2011 and became editor in 2015. I joined City A.M. as deputy night editor in July 2016.

All 463 Articles

RBS to be hit by multi-billion-pound charge for mis-selling mortgage-backed securities

January 25, 2017

RBS is set to be hit by a new multi-billion-pound charge for mis-selling mortgage-backed securities. A formal statement confirming the charge could come as soon as today with RBS directors expected to discuss the move in a board meeting this week. The charge could be between $3bn (£2.4bn) and $4bn, sources told Sky News last night. The [...]
Novartis launches $5bn share buyback and mulls spin-off of eyecare business Alcon

January 25, 2017

Novartis may spin off its struggling Alcon eye care business as it looks at ways to boost growth The Swiss drugmaker also plans to buy back up to $5bn (£4bn) of shares over the next year in a bid to return to growth by 2018. Alcon has slumped to a $120m loss as fourth-quarter sales dipped. Novartis could consider floating, [...]
This Aim-listed x-ray firm is set to raise £21m

January 25, 2017

Aim-listed radiation detection tech firm Kromek has raised £21m through a conditional firm placing and open offer. The firm placing of 100m shares at 20p apiece was over-subscribed with new and existing institutional investors in the company taking part. At the time of writing, Kromek's share price rose by nearly seven per cent. Kromek provides digital colour x-ray [...]
Santander’s UK profits take a beating from pound slump

January 25, 2017

Santander chief executive Nathan Bostock expects this year to be "challenging" despite the Spanish bank reporting strong profit growth this morning. The figures The bank saw a four per cent rise in 2016's net profit to €6.2bn (£5.3bn) after its Brazilian operations grew for the fourth consecutive quarter. In the last quarter of 2016, the bank made net profits of €1.6bn, [...]
Revealed: David Cameron’s new jobs

January 25, 2017

So David Cameron just got a new job this morning. This made us wonder just what life after No 10 is like for the former British Prime Minister who resigned following the shock outcome of last year's EU referendum. Take a look at the new jobs David Cameron is doing now: 1. President of the Alzheimer’s Research [...]
Cameron’s new job: Former British PM appointed president of Alzheimer’s Research UK

January 25, 2017

What former British Prime Minister David Cameron is doing now is a topic of national interest. Las year, he reportedly earned £120,000 for a speech in New York and also signed a deal with Harper Collins to write his memoirs. An today it has been announced the former Tory leader has been appointed the president of Alzheimer’s Research [...]
Saudi Aramco eyes bankers for what could be the world’s biggest float

January 24, 2017

Global banking giants are set to compete for an advisory role on oil goliath Saudi Aramco’s multi-billion-dollar float, which is expected to be the world’s biggest initial public offering. The Saudi state-owned firm, thought to be the world’s largest oil producer, has requested proposals from banks including Morgan Stanley and HSBC, sources told Reuters late last night. [...]
Half the candidates eyeing up management level positions in UK firms lack leadership skills

January 24, 2017

Half the candidates eyeing up management level positions in UK firms lack leadership skills, according to a new research. Nearly one in five (18 per cent) management candidates fall short on planning skills, with 15 per cent lacking functional, job-related skills and 14 per cent lacking communication skills, a study of 200 HR directors by recruitment [...]
Revealed: The full list of branches HSBC is set to close this year

January 24, 2017

HSBC has announced 62 fresh branch closures today as part of its restructuring programme. This takes the total number of branches closing this year to 117. Here's a full list of the 62 branches HSBC just announced its closing: Alfreton Alnwick Ammanford Balsall Common Bedworth Blackpool, Birley Street Bletchley Brigg Bristol College Green Brompton Road Cardiff, Churchill [...]
Alibaba reports bumper revenues as Singles’ Day sales steal hearts

January 24, 2017

China's biggest e-commerce company Alibaba had a bumper 2016 with a better-than-expected 54 percent rise in third-quarter revenue. The figures Alibaba's revenue hit 53.25bn yuan (£6.16bn) for the three months ended 31 December, compared with analysts' average estimate of 50.10bn yuan. The tech giant's e-commerce business boomed 45 per cent, up from the 41 per cent jump in the previous [...]

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By: Shruti Tripathi

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