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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The New City Initiative calls for a dual funds regime to help asset managers deal with Brexit

February 20, 2017

A "dual funds regime" will help asset managers deal with Brexit, "the biggest challenge facing the industry since the financial crisis", according to a financial regulation think tank. The New City Initiative (NCI) has called on the Financial Conduct Authority to run two regimes, one that is EU compliant and therefore can be granted equivalence by the [...]
Glencore’s copper output to suffer due to African production troubles

February 19, 2017

Mining giant Glencore is expected to announce adjusted earnings before interest, tax, depreciation and amortisation (ebitda) of $3.07bn (£2.47bn) for 2016 on Thursday when it reveals its full-year results. In a production report released earlier this month, the FTSE 100 company said it expected ebitda for 2017 to stand at $14bn. According to forecasts by [...]
This is why a Silicon Valley entrepreneur believes London could produce the next Facebook

February 12, 2017

By the time Clara Shih turned 30, she was a Starbucks board member, had raised $21m (£16.7m) for her social media startup and had become a bestselling author. A Stanford and Oxford graduate, the Silicon Valley entrepreneur founded software company Hearsay Social [now Hearsay Systems] in 2009 to make financial giants look slick on social media [...]
City Moves for 10 February 2017 – who’s switching jobs?

February 10, 2017

Squire Patton Boggs Squire Patton Boggs has appointed Ian Wood as a partner in its global energy and natural resources practice group in the London office. Ian joins the firm from the energy and infrastructure group at King & Wood Mallesons in London, along with senior associate Rebecca Slater from his previous team. Ian has expertise in power [...]
City Moves for 9 February 2017 – who’s switching jobs?

February 9, 2017

McGuireWoods McGuireWoods London has added firepower to its debt finance and derivatives practice with the arrival of partner Jennifer Kafcas, who brings 17 years of experience advising lenders and borrowers in complex structured and cross-border transactions in Europe and the US. She has specialist knowledge of the bond, leverage finance and derivatives markets and documentation [...]
The UK is losing out on foreign direct investment due to the uncertainty following Brexit vote

February 7, 2017

The UK is losing out on foreign direct investment (FDI) due to the uncertainty following last year's Brexit vote, according to a new study by accountancy group UHY Hacker Young. The study, which looked at FDI inflows last year in 45 major economies, found the amount of investment fetched by the UK is lagging behind [...]
More than half of businesses in the UK, US and Germany aren’t fully prepared to deal with a cyber attack

February 7, 2017

More than half of businesses (53 per cent) in the UK, US and Germany aren’t fully prepared to deal with cyber attacks, according to a new study of 3,000 companies. Specialist insurer Hiscox’s cyber report – which assessed firms on strategy, resourcing, technology and process – found that UK firms are least likely to have [...]
Three buys UK broadband in £300m deal

February 6, 2017

Mobile operator Three has acquired UK Broadband in a £300m deal. The deal comes just months after the European Commission blocked Three's parent company CK Hutchison from a £10.3bn takeover of O2. UK Broadband, the company behind home broadband service Relish, has 15,000 customers across the UK. Three will pay £250m for snapping up UK Broadband while a [...]
Yo Sushi founder Simon Woodroffe: I want to be the next Richard Branson

February 6, 2017

It took a life crisis for Simon Woodroffe to set up restaurant chain Yo Sushi. “I got divorced in the early nineties and was out in the wilderness for a long time. I was down to my last £200,000 tied to my flat and was desperate to do something with my life. That’s when I set [...]
Industry groups call on chancellor Philip Hammond to cut businesses some slack in the Spring Budget next month

February 6, 2017

Businesses large and small are calling on chancellor Philip Hammond to ease the mounting burden on firms in next month's Budget. Business rates, the apprenticeship levy, the national living wage and pensions auto-enrolment are some of the rising costs highlighted by two influential business groups today. In its submission to the Treasury ahead of the Budget [...]

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By: Shruti Tripathi

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