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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Sports Direct debacle: “I’m not Father Christmas,” says Mike Ashley

June 8, 2016

Sports Direct boss Mike Ashley admitted to MPs yesterday that some of the working conditions at the firm were “unacceptable”, arguing that he could not control every aspect of his company. Addressing the Business, Innovation and Skills Select Committee, which is investigating the retailer for poor working practices, Ashley said: “I can’t be responsible for [...]
EU referendum: Voter registration website crashes just an hour before deadline

June 7, 2016

Talk about bad timing – the website to register to vote in the upcoming EU referendum went down just an hour before the deadline. Users have until 11.59pm BST to register to be able to cast their votes on 23 June. The website stopped working after an ITV show saw Prime Minister David Cameron and UKIP [...]
CBI urges firms to let employees work flexibly on EU referendum day

June 7, 2016

The CBI is urging 190,000 companies to let its employees work from home on 23 June in order to enable them to vote in the EU referendum. Carolyn Fairbairn, CBI director-general, said that the referendum will be the "biggest decision that most of us will get to vote on in our lifetimes". She said: “The decision on whether [...]
Every little helps: Tesco to sell Giraffe chain and Turkish interests in bid to offload underperforming assets

June 7, 2016

Britain's biggest supermarket chain Tesco is set to sell its Kipa chain in Turkey and Giraffe restaurants in the UK. The sale of Kipa, that Tesco acquired in 2013, is likely to raise "a couple of hundred million pounds", an analyst told Sky News, while an unnamed family-owned investment group is interested in snapping up Giraffe. Tesco bought Giraffe [...]
Women must have a crucial role in saving the high street – a retailer’s survival may depend on it

June 7, 2016

Retailers will breathe a sigh of relief today as the joint British Retail Consortium (BRC) and KPMG sales monitor for May shows a modest recovery on the high street. But the respite may be brief as customers remain cautious with their spending. The sector is facing many challenges. Too many retailers are disconnected from their [...]
City Moves for 7 June 2016 | Who’s switching jobs

June 7, 2016

Ashurst International law firm Ashurst has announced that Dave Rome, managing director, head of EMEA loan markets at RBS, will be joining the firm as strategic director – corporate lending. Dave has spent over 25 years at RBS and NatWest, working in the UK and Europe as well as spending six years in Asia. In [...]
World’s leading mining companies dig in for long road to recovery

June 7, 2016

The world's leading mining companies are digging in for a long road to recovery after share prices in the sector and some commodities staged a rally yesterday. Oil pushed through the $50 mark, while copper, gold and zinc hit multi-week highs. London’s mining index jumped 6.5 per cent, with giants such as Glencore, BHP Billiton, [...]
Asda boss Andy Clarke to check out amid sales slump

June 6, 2016

Asda CEO Andy Clarke, the longest-serving of the big four supermarkets' bosses, confirmed today he's stepping down. Asda's incoming chief operating officer Roger Burnley, who is not set to start his new job until October, is likely to be Clarke's successor. Asda poached Burnley, a former Sainsbury’s top director, last year to become Clarke's right [...]
Goldman Sachs sells stakes in five hedge funds to AMG for $800m

June 6, 2016

Affiliated Managers Group (AMG) has become the world’s second-largest manager of alternative assets by acquiring five leading investment companies managed by Goldman Sachs. AMG is forking out $800m (£553m) to buy the hedge funds from Goldman Sachs’ Petershill Fund I, making the deal one of the largest acquisitions in the financial services sector this year. [...]
Politics, like business, needs long-term ideas

June 6, 2016

As Prime Minister of Luxembourg, Jean-Claude Junker remarked: “We all know what to do, we just don't know how to get re-elected after we've done it.” Today, Junker no longer has to worry about relying on an electorate for his position, having acquired the role of top dog at the European Commission. However, his past observation remains [...]

Diageo, Burberry rally after Trump tariff ruling

Seattle Seahawks: Why are NFL franchises selling for $10bn?

London Sports Festival Returns to the Capital

By: Shruti Tripathi

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