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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City Moves for 1 June 2016 | Who’s switching jobs

June 1, 2016

Together Helga Wright has joined specialist lender Together, taking on the role of commercial finance director, as the business continues with its growth strategy. Helga joins from the Co-operative Bank, where she was financial director of the retail, commercial and business banking businesses, and brings a wealth of financial services experience, spanning nearly 20 years. [...]
2016 set to be year of retail failures as number of shoppers on Britain’s high streets in “terminal decline”

June 1, 2016

The number of consumers on Britain’s high streets is in “terminal decline” as shopping habits change fundamentally, raising the prospect of more retail failures this year. Speaking to City A.M. after the demise of suits-specialist Austin Reed was confirmed yesterday, Diane Wehrle from top retail analyst Springboard said: “We’re no longer going to see increases in footfall [...]
Austin Reed employees could have their pensions bailed out

May 31, 2016

Embattled retailer Austin Reed's final pension scheme could be bailed out by the Pension Protection Fund (PPF). The news comes as all 120 Austin Reed stores are set to close by the end of June leading to 1,000 job losses after administrators AlixPartners did not receive any viable offers for the 116-year-old menswear retailer. According to ITV, 300 members will receive reduced [...]
HSBC to axe dozens of senior posts in its investment banking division

May 31, 2016

HSBC is set to axe dozens of senior posts in its investment banking division. A total of 10 senior executives at HSBC's global banking and markets division in London are expected to lose their jobs as early as this week, sources told Reuters. The round of cuts come after Europe's biggest bank appointed former Goldman Sachs executive Matthew Westerman as [...]
New polymer banknotes could cost businesses £236m to implement

May 31, 2016

New polymer banknotes being introduced by the Bank of England (BoE) in September this year will cost businesses a staggering £236m to implement, research by an independent payments consultancy has found. CMSpi claims that the process of switching to polymer banknotes will leave businesses with a hefty bill, thanks to the costs of upgrading and replacing cash-handling [...]
London mustn’t dither its way into stagnation

May 31, 2016

Funds that take a long-term view are sitting on an estimated $117bn (£80bn) which they would like to invest into infrastructure projects, including in the UK, according to Andy Rose, the new chief executive of the Global Infrastructure Investor Association (GIIA). Meanwhile, London is hungry for investment into essential services such as housing and transport. So [...]
City Moves for 31 May 2016 | Who’s switching jobs

May 31, 2016

International Property Securities Exchange IPSX (the new operating brand for the London Real Estate Exchange) has announced the appointment of Robert Bould as a non-executive director. Rob recently stepped down as chief executive of GVA Bilfinger (previously GVA Grimley), an international property agent and advisory firm, and executive vice president of Bilfinger Real Estate. Having [...]
National living wage hurting UK productivity and low-wage sectors, claims think tank

May 31, 2016

The national living wage has had a detrimental impact on the UK’s low-wage sectors, a study by the Institute for Public Policy Research (IPPR) has found. The think tank said that businesses are trying to offset the cost of the national living wage by cutting overtime, bonuses and other staff perks. It said that the UK’s low-wage sectors, [...]
Pensions lifeboat may have to take on 33,000 UK pensioners of bankrupt Canadian telecoms giant Nortel

May 31, 2016

The Pension Protection Fund (PPF), the lifeboat set to rescue BHS pensioners and possibly those of British Steel, may also have to take on the 33,000 UK pensioners of bankrupt Canadian telecoms giant Nortel Networks. Nortel's British pensioners are one of three groups of creditors wrangling over $7.3bn (£5bn) worth of assets. The long-running battle boils [...]
Jaguar Land Rover in for bumpy ride as profits fall despite stellar sales

May 30, 2016

The UK’s largest carmaker Jaguar Land Rover’s sales increased 28 per cent to 158,813 vehicles in the fourth quarter ended 31 March, thanks to a strong demand for the Jaguar XE compact saloon, nicknamed the “baby Jag”. Despite reporting bumper sales, the British luxury car manufacturer saw its pre-tax profits fall to £1.56bn, down from £2.6bn [...]

Senior Red Bull Racing figure leaves F1 team weeks before new season

Senior Red Bull Racing figure leaves F1 team weeks before new season

Bond girl Maryam d’Abo is ‘compelling’ in new London play

By: Shruti Tripathi

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