City Moves: Who’s switching jobs in the Square Mile today? December 9, 2021 City A.M.’s Millie Turner provides a roundup of the most important hires and job moves across the City, every morning. Email citymoves@cityam.com to be featured. UHY Hacker Young Accountancy group UHY Hacker Young has bolstered its London office with a new research and development (R&D) tax partner. Joining from East Midlands firm Duncan & Toplis, Kevin Edwards is set to advise on [...]
UK exports to provide £176bn boost despite supply chain challenges December 9, 2021 UK manufacturing exports will bring in £176bn to the domestic economy, according to new research from financial giant Barclays.
Eight in ten London businesses plan to hire more staff next year with turnover to increase December 6, 2021 Entrepreneurs in the UK predict strong business growth of 37 per cent for next year, as new research highlights support that could help unlock further growth for early stage businesses. Fifty-eight per cent anticipate an increase in turnover in the next year, with the South West (72 per cent) the most optimistic region, followed by [...]
Women’s football was once banned but now it is a beacon of possibility December 5, 2021 Though 40,000 plus fans will celebrate Women’s sport at today’s FA Cup final between Arsenal and Chelsea, there’s a darker occasion being marked at the weekend – the 100-year anniversary of women’s football being banned in England. “Essentially, the Football Association (FA) said that the game of football was ‘quite unsuitable for women’,” said Charlotte [...]
Telecom Italia is ‘close’ to picking advisers for £28bn KKR deal December 4, 2021 Telecom Italia is close to picking banks to advise it on a buyout offer approach from U.S. private equity group KKR and could even assign mandates this weekend, two sources said this morning.
Global banking bigwigs slapped with millions in fines for FX rigging December 2, 2021 Some of the world’s largest banks were today slapped with millions of pounds in fines for their role in rigging foreign exchange markets. HSBC, Barclays, Credit Suisse and NatWest were each reprimanded by the European Commission for having employees on their books that created a cartel that spiked currency markets. HSBC was hit with the [...]
New ‘purpose-built’ $1bn UK clearing bank launches in London November 30, 2021 London gets its second new clearing bank in 250 years today, as The Bank of London launches in the city to approve and process cross-border payments. Founded by Anthony Watson, a former chief information officer at both Nike and Barclays, The Bank of London is taking on the four banking giants HSBC, Lloyds Banking Group, [...]
Deliveroo to name Goldman as broker despite disastrous IPO debut November 28, 2021 Goldman Sachs and Barclays are close to being picked as Deliveroo’s joint brokers, Sky News reported today. A source close to Deliveroo said the London-listed food delivery app will finalise the appointments of the two US investment bank behemoths as joint corporate brokers – a key role for investment banks as they seek to advise [...]
Emails between Staley and Epstein are an ‘uncomfortable’ read, warns Barclays chief November 28, 2021 The chairman of British lender Barclays has told shareholders to brace for reading emails between the bank’s former boss Jes Staley and convicted sex offender Jeffrey Epstein. Nigel Higgins has reportedly told investors that emails between Staley and Epstein make for an “uncomfortable” read. The Mail on Sunday first reported the story. Staley unexpectedly quit [...]
Weekend Read: The narrow but treacherous crossing that continues to claim lives November 27, 2021 On a clear day the White Cliffs of Dover can be glimpsed from the sandy beaches of Calais, just 21 miles away across the dangerous waters of the English Channel. It is here where tens of thousands of people from all over the world have risked death to cross over to the UK aboard dinghies, [...]