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.

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HSBC to close another 62 branches this year

January 24, 2017

HSBC is set to close another 62 branches across the UK this year, the banking giant announced today. This takes the total number of branches closing this year to 117. The move marks the end of "HSBC's branch restructuring programme", Antonio Simoes, chief executive of the banking giant, said. “We now feel we have the right branch network that [...]
US President Donald Trump gets to work with executive order to scrap Trans-Pacific Partnership and border tax threat

January 24, 2017

Donald Trump kicked off his first week as President by signing an executive order withdrawing the US from the Trans-Pacific Partnership trade deal, branding the move a “great thing for the American worker”. The departure from one of Obama’s signature policies comes after Trump pledged in his inauguration address to “put America first”. Though the deal [...]
Boohoo for Yahoo as SEC begins probe into cyber breach

January 23, 2017

Tech giant Yahoo is being scrutinised in an investigation by the the US Securities and Exchange Commission (SEC) over whether it should have reported data breaches sooner to investors. In December, Yahoo admitted it was a target of a cyber attack in August 2013 in which data of more than one billion users was compromised. In September, the [...]
In full: GCHQ director Robert Hannigan’s resignation letter and foreign secretary Boris Johnson’s response

January 23, 2017

Robert Hannigan has stepped down as director of GCHQ due to personal reasons, the spy agency confirmed today. Here's Hannigan's resignation letter in full: Dear Foreign Secretary, I have had the great privilege of leading the men and women of GCHQ since 2014. I am proud of what we have achieved in those years, not least setting [...]
GCHQ director Robert Hannigan has resigned for personal reasons

January 23, 2017

GCHQ top boss Robert Hannigan has stepped down citing personal reasons, the surveillance agency has announced. Hannigan became GCHQ director in 2014. Prior to this, he was director general of defence and intelligence at the Foreign Office. In his resignation letter to foreign secretary Boris Johnson, he wrote that his public service roles "demanded a great deal of my ever patient [...]
Sainsbury’s chairman lambasted for using staff to revamp country home

January 23, 2017

Sainsbury's chairman David Tyler has been taken to task by the company board for using a supermarket employee and supplier to help refurbish his country home in East Sussex. Tyler, who was appointed chairman in 2009, was given a warning by the board after an internal investigation found that a Sainsbury's employee and supplier helped in [...]
Tullett Prebon and Singapore Exchange team up to launch LNG spot index for Dubai, Kuwait and India

January 23, 2017

Interdealer broker Tullett Prebon has teamed up with Singapore Exchange (SGX) to develop a spot pricing index for the Middle East and Indian liquefied natural gas (LNG) markets. Due to be launched in the second quarter of this year, the new index is expected to provide a reference price for LNG delivery to key ports in Dubai, Kuwait and India [...]
Nestle, General Mills, PepsiCo and Turkish group Pladis want to munch on Weetabix

January 22, 2017

Nestle, PepsiCo, Lucky Charms owner General Mills, and Turkish food group Pladis are interested in gobbling up breakfast cereal brand Weetabix. General Mills and Nestle are plotting a bid through their Cereal Partners Worldwide joint venture, the Daily Telegraph has reported. The world's biggest cereal maker, Kellogg's, is not in the running to bid for Weetabix over competition [...]
Better Capital boss Jon Moulton on Brexit, his firm’s exit and why he still hasn’t forgiven Liam Fox

January 16, 2017

Bald, bold and bespectacled, private equity veteran Jon Moulton has had more than his fair share of knocks as well as high points during a long career. He was branded the Christmas Scrooge in December 2014 when City Link collapsed into administration leaving nearly 2,700 jobs at risk. “We made a very bad decision to [...]
Marissa Mayer to resign from Yahoo’s board after Verizon deal closes and Yahoo to change name to Altaba

January 9, 2017

Yahoo chief executive Marissa Mayer will step down from the board after the tech giant completes its $4.8bn (£3.9bn) deal with Verizon. The holding company of Yahoo’s core assets will be called Altaba, it was revealed in a filing with the US Securities and Exchange Commission (SEC) late last night. Other senior executives set to resign from the [...]

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By: Shruti Tripathi

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