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, [...]
City Moves: Who’s switching jobs in the Square Mile today? November 26, 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. CO—RE London commercial development firm CO-RE has posted a new chief executive to the helm, succeeding founding director David Ainsworth. Stepping into the new role after joining the company in 2018, Bradley Baker is set to oversee [...]
City Moves: Who’s switching jobs in the Square Mile today? November 23, 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. Validus Validus Risk Management (Validus) has appointed an asset management veteran to its London-based chief operational officer position, while it also appoints a new principal in New York. Jarv Ashford joins the financial risk advisory firm from [...]
Mauricio Preciado-Awad CA: Making a big impact with small change November 22, 2021 This article first appeared in ICAS’ CA magazine. UK social investment has grown sixfold in a decade, thanks in part to Big Society Capital using money from dormant bank accounts. Investment Director Mauricio Preciado-Awad CA tells Kitty Finstad about the big impact of small change If you were living in the UK around the time of [...]
Proposals to move migrants and asylum seekers from hotels to Army barracks November 22, 2021 A task force will reportedly consider strategies including housing asylum seekers in Army barracks rather than hotels as the Government faces criticism over the migrant crisis. The Times on Sunday reported Boris Johnson had drafted in Chancellor of the Duchy of Lancaster Steve Barclay to oversee the issue of the rising number of migrants arriving [...]
London markets boosted by rallying bank stocks as rate hike bets lift sentiment toward sector November 22, 2021 A rally among banks boosted London markets this morning as sentiment toward the sector improved on strengthening prospects of the Bank of England hiking rates. The capital’s premier FTSE 100 index climbed 0.49 per cent 7,258.91 points, while the mid-cap FTSE 250 added 0.30 per cent to 23,561.92 points. The likes of Barclays, NatWest and [...]
Soaring inflation and tax hikes to squeeze UK economy November 18, 2021 TAX hikes, soaring inflation and an end to pandemic-related government support is souring the UK economy’s prospects, according to City analysts. Brits’ spending power will be eroded by the intensifying cost of living crisis, restricting their ability to splash the cash and drive the economy, analysts at Deutsche Bank warned today. Inflation is accelerating at [...]
City broker Numis reports itself to FCA over THG memo that went a step too far November 17, 2021 AIM-listed investment bank Numis has apologised and handed itself in to the City watchdog, after one of its employees circulated a bold memo suggesting that ecommerce group THG had “irregularities in accounting”. Numis, a bookrunner on THG’s IPO just over a year ago, has found itself in a sticky situation after the memo to hundreds [...]