London markets snap back from bruising day January 25, 2022 London markets snapped back from a dismal start to the week as investors were buoyed by Monday’s Wall Street rally. The capital’s premier FTSE 100 index added 1.02 per cent to reach 7,371.46 points, while the domestically-focused FTSE 250 index, which is more aligned to the health of the UK economy, climbed 0.9 per cent [...]
Former Channel 5 chief Dawn Airey named Channel 4’s interim Chair as privatisation battle looms January 25, 2022 Ofcom has today announced the appointment of Dawn Airey as Channel 4’s interim Chair, replacing current Chair, Charles Gurassa, who departs on 27 January 2022.
City Moves: Who’s switching jobs in the Square Mile today? January 25, 2022 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. Baton Systems Fintech firmBaton Systems has hired a Barclays Investment Bank veteran as its first-ever chief operating officer (COO), who will help scale the business. David Ornstein, who departed the London-based bank after 13 years, has also held roles [...]
Unilever shares surge after Peltz takes a stake, though reports say job losses loom January 24, 2022 Unilever shares have surged this morning after it was revealed that notorious activist investor Nelson Peltz had taken a stake in the firm.
Staley Barclays successor Venkat given £6,500 a month to move to London January 23, 2022 The banker that was swooped in to lead Barclays after the lender’s former chief executive Jes Staley quit has been given £6,500 a month to cover the cost of moving to London for around two years. CS Venkatakrishnan, known as Venkat in the City, was parachuted into Barclays after Staley left the British banking titan [...]
City Moves: Who’s switching jobs in the Square Mile this week? January 21, 2022 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. CISI The Chartered Institute for Securities & Investment (CISI) has confirmed that its long serving CEO Simon Culhane will step down. Handing over the reins in September, Culhane will depart the top role after 18 years. Culhane, who grew CISI’s [...]
Digital M&A activity raised record $87bn in 2021, says Ciesco January 17, 2022 Deal making activity in the technology, digital, media and marketing sectors jumped 56 per cent to $87bn in 2021 according to new data.
Barclays tells big business to pay up as small firms face cashflow crisis January 17, 2022 Barclays has warned that big businesses are threatening smaller suppliers' survival with extended payment terms.
Wizz Air issues new €500m bond at minimal premium to repay Bank of England financing January 13, 2022 Wizz Air Holdings (Wizz Air) has issued a €500m bond at minimal premium to pay off Bank of England financing.
City Moves: Who’s switching jobs in the Square Mile this week? January 12, 2022 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. Acorn Capital Partners Acorn Capital Partners has hired a new partner, who joins the all-female leadership team at the private wealth specialist. Moving from her own practice, Olga Kucherenko brings some 14 years’ experience to the position. [...]