City Moves for 30 August 2018 – who’s switching jobs at Atrato Capital, Investec Corporate Treasury, Amundi and Colliers International? August 30, 2018 Today's City moves cover real estate investment, money markets, property and asset management. Take a look at these movers and shakers: Atrato Capital Atrato Capital, the UK real estate investment manager, has strengthened its team with the appointment of two property specialists from Lloyds Banking Group. Lara Townsend (pictured) has been appointed as managing director, [...]
Exclusive: Banking groups Investec and SC Lowy move to rescue Gaucho after buying up debt August 24, 2018 Two banking groups are closing in on an acquisition of Gaucho after buying out debt from the collapsed restaurant chain's other lenders, City A.M. understands. Investec and Hong Kong-based SC Lowy are now moving to buy Gaucho from administrators Deloitte after buying the debt of other lending banks in Gaucho's syndicate. An Investec spokesperson told City A.M.: "Investec [...]
Horse Racing Betting Tips: Sea set to be top of the class in Yorkshire Oaks August 22, 2018 IN TERMS of quality, it’s hard to argue that there is a better contest all week than this afternoon’s Darley Yorkshire Oaks (3.35pm). This event has been dominated by the Classic generation in recent years, with three-year-olds winning eight of the previous 12 renewals. Enable was just 1/4 12 months ago, and she won like [...]
Leisure billionaire Trevor Hemmings sues former plaintiffs over unpaid RBS legal fees August 19, 2018 A vehicle controlled by the enigmatic billionaire Trevor Hemmings has accused a swathe of groups, including nine Lloyds subsidiaries, of attempting to “unjustly enrich” themselves dodging litigation costs related to a £200m claim against RBS. Manx Capital, a group owned by Hemmings, is leading thousands of shareholders in the claim, which has been fraught with [...]
Investec fills entire City building in post-Brexit commitment August 13, 2018 Specialist banking giant Investec Asset Management has agreed to occupy the whole of 55 Gresham Street in a move that signals yet another firm commitment to the City of London post-Brexit. More than 121,000 square feet of offices spanning 11 floors will be let out in the grade A building located in the heart of [...]
Lendy Cowes Week: Wind provides lively conditions for Youth Day | City A.M. August 8, 2018 After two days of hard work with little wind, today was a welcome relief for many sailors at Lendy Cowes Week. Youth Day saw gusts reaching up to 25 knots, meaning plenty of action out on the Solent. Team Lendy built on some promising results in previous days to finish third in the Sunsail F40 [...]
Retailer The Works which is backed by private equity firm Endless and the founder of the Card Factory launches £100m London float | City A.M. July 13, 2018 Retail chain The Works plans to float on the London Stock Exchange later this month with a valuation of £100m. The offer price has been set at 160p per share and dealings are expected to start on 19 July. The Works sells arts, crafts, gifts, toys, books and stationery from more than 430 stores in [...]
Paragon buys Titlestone developer and loan book in £274m deal with Oaktree Capital Management July 3, 2018 Challenger bank Paragon today announced the purchase of £48m residential developer Titlestone and a £226m loan book from Oaktree Capital Management. Paragon, which offers mortgage and business lending, said the moves are part of a strategy to diversify into specialist lending markets. Titlestone advanced £274m in loans to small and medium-sized developers during the year [...]
Paragon buys Titlestone developer and loan book in £274m deal with Oaktree Capital Management July 3, 2018 Challenger bank Paragon today announced the purchase of £48m residential developer Titlestone and a £226m loan book from Oaktree Capital Management. Paragon, which offers mortgage and business lending, said the moves are part of a strategy to diversify into specialist lending markets. Titlestone advanced £274m in loans to small and medium-sized developers during the year [...]
Microfinance business to attract valuation of several hundred million in London float June 18, 2018 Microfinance business ASA international is aiming for a London initial public offering (IPO) next month that is expected to value it at several hundred million pounds. The Bangladeshi-Dutch lender offers microfinance to low income female entrepreneurs and small business owners in Asia and Africa. It announced its intention to float this morning with the goal [...]