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 [...]
As the City readies itself for the future, firms rethink their office downsize January 25, 2022 Moments after Boris Johnson announced the end of Plan B Covid-19 restrictions the order went out to civil servants to lead by example – and head back to the office. The edict will have reflected a desire to get people back into the capital and breathe new life into the economy, not least the hospitality [...]
PwC names veteran partner as new head of private equity division January 20, 2022 PwC has named veteran PwC partner Hugh Lloyd Ellis as the new leader of its Private Equity business. Ellis, who has worked at PwC for the more than 15 years, graduated with a degree in maths and economics from UCL in 2003 before joining London-based accountancy firm Kingston Smith W1 the same year. Between 2013 [...]
Lloyd’s of London weighs up leaving iconic headquarters January 19, 2022 Lloyd’s of London is considering leaving its iconic headquarters as it seeks out ways to adapt to shifts in working habits brought about by digitalisation of its business and Covid-19. In an email to City AM, a Lloyd’s of London spokesperson said: “As we adapt to new structures and flexible ways of working, we are [...]
Banker parachuted in to expel Credit Suisse’s scandal-laden reputation quits over ignoring Covid-19 rules January 17, 2022 The man parachuted in to save Swiss bank Credit Suisse’s crisis-struck reputation quit yesterday after breaching UK Covid-19 quarantine rules. Banking behemoth António Horta-Osório, 57, resigned as chairman of the Swiss lender after an internal probe found he broke Covid-19 measures to attend the Wimbledon tennis finals last summer. The departure of Horta-Osório is the [...]
US Fed’s hawkish tilt pours cold water on global markets January 6, 2022 The sudden realisation that equity markets may not be propped up by ultra loose monetary policy for much longer after the US Federal Reserve released minutes highlighting the scale of its hawkish turn poured cold water on investors today. London’s premier FTSE 100 index closed 0.88 per cent lower at 7,450.37 points, while the mid-cap [...]
Best of 2021: West Brom and Wales footballer Hal Robson-Kanu on his health drink business, the Turmeric Co, and targeting more Euros glory December 31, 2021 Hal Robson-Kanu has represented Wales nearly 50 times and has played in the Premier League. Here, Frank Dalleres spoke to the 32-year-old about his health drink business and his Euros targets. Originally published 2 May 2021. 2016 was a breakthrough year for Hal Robson-Kanu, and not only because he scored one of international football’s most [...]
City winners: This year’s most popular funds and shares, which include BP, Rolls Royce, Tesla and Argo Blockchain December 29, 2021 DIY fund buyers didn’t get the memo that value investing is back in fashion, instead largely plumping for growth strategies over the course of 2021. “Success breeds success they say, and retail investors clearly have a high conviction that these funds will continue to prosper,” Laith Khalaf at AJ Bell told City A.M. as he [...]
Sports law year in review 2021: Were our predictions right? December 26, 2021 In December 2020, while others may have been preparing for muted New Year’s Eve celebrations in light of the new coronavirus variant, we were busy making sports law predictions for the year ahead for City A.M. In summary, we predicted a rise in data-related disputes on the back of Project Red Card, the further growth [...]
Concerns over looming circuit breaker lockdown to weigh on London markets this week December 19, 2021 Concerns over whether the UK is heading for a pre-Christmas circuit breaker lockdown are likely to loom over investors this week. Ministers are reportedly drawing up plans to saddle Britain with tighter restrictions on socialising and household mixing to curb the rapid spread of Omicron. Health secretary Sajid Javid yesterday refused to rule out imposing [...]