Blend secures £120m boost for lending extra ‘muscle’ to UK property developers April 11, 2022 Property capital firm Blend Network has secured a record £120m boost to its lending of that extra “muscle” for UK developers. Blend, backed by OakNorth Bank chairman and former Barclays vice chairman Cyrus Ardalan, snagged the sum from a consortium of six large family offices “Obtaining a record £120m committed funding line from such a [...]
Travel Chaos: Extinction Rebellion blocks Lambeth and Vauxhall bridges April 10, 2022 Activists from the green campaign group Extinction Rebellion are blocking two of the key travel arteries across London.
Premier League scores top City headhunter for chairman search April 10, 2022 Top City headhunter MWM Consulting has been hired to find the new chairman of the Premier League.
888 shares soar amid William Hill bargain deal April 7, 2022 Gambling giant 888 has agreed a renewed price for its acquisition of William Hill, dropping from £2.2bn to £1.95bn, and reflecting the change in the "macro-economic and regulatory environment" since the deal was first announced.
Royal Mail shares slump as Barclays slashes target price April 6, 2022 Shares in Royal Mail slumped this morning after bankers at Barclays snipped the firm’s price target in a note to investors, predicting choppy waters ahead for the postal group.
Exclusive: City heavyweights are top firms for career growth, says LinkedIn April 6, 2022 City headquartered firms have been named as the top companies to work at for career growth, according to LinkedIn research shared exclusively with City A.M. today. Barclays retained its crown, wrestling with Lloyds Banking Group and HSBC, which make the top three companies on the list – all with London HQs. Chasing the coattails of [...]
Invoice scams lead to more business losses than any other type of fraud, new figures show April 6, 2022 UK businesses lost more money to fraudsters using “invoice scams” in the last three months than to criminals using any other form of swindle, new data from Barclays shows. Most (55%) of the money lost to scammers between December 2021 and February 2022 was lost through invoice scams, the figures show, as invoice scams – [...]
City watchdog hires three senior officials as it ramps up recruitment drive April 5, 2022 The City watchdog has hired three new senior officials as it pushes to strengthen its authorisation process, it announced today. City veteran Craig Chapman is set to join the FCA as Finance Director, from his current role as CFO at London fintech firm RTX Routetrader. Prior to joining RTX Routetrader, Chapman worked in various senior [...]
Brewin Dolphin shares fly following £1.6bn RBC Wealth Management bid March 31, 2022 The Royal Bank of Canada’s (RBC) wealth management business has offered to buy British investment management heavyweight Brewin Dolphin for £1.6bn. London-headquartered Brewin will receive 515p per share, which includes an over 60 per cent premium on yesterday’s closing price of 318p. The bid values Brewin at 2.8 per cent of its £55bn assets under [...]
Lord Nash steps down paving the way for new lead Whitehall director March 30, 2022 The government lead non-executive director resigned from his post yesterday. Lord Nash, who was appointed to the role by the Prime Minister in July 2020 for a three-year term, will be replaced in his Whitehall role by ex-director of Barclays Bank UK Michael Jary, according to Sky News’ Mark Kleinman. Insiders said yesterday that Michael [...]