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 [...]
FTSE: Lloyds, Barclays and Natwest shares surge on Bank of England surprise interest rate hike December 16, 2021 London markets are up around one per cent this lunchtime after a surprise interest rate hike from the Bank of England saw Lloyds Bank, Barclays and Natwest shares take off. The capital’s premier FTSE 100 index was still up 0.99 per cent after the rates call from Threadneedle Street, while the mid-cap FTSE 250 index, [...]
New ‘purpose-built’ $1bn UK clearing bank launches in London November 30, 2021 London gets its second new clearing bank in 250 years today, as The Bank of London launches in the city to approve and process cross-border payments. Founded by Anthony Watson, a former chief information officer at both Nike and Barclays, The Bank of London is taking on the four banking giants HSBC, Lloyds Banking Group, [...]
Swelling costs threaten to throw UK businesses into a ‘winter freeze’ November 30, 2021 A “winter freeze” is looming over UK businesses triggered by the ongoing supply chain crisis swelling costs at a record pace, according to fresh figures published today. Shortages of key materials used by firms engineered by global logistics systems gumming up has raised prices across the board, crimping businesses’ margins. Research by the Confederation of [...]
Motorway snags unicorn status as it lines c-suite with Amazon and John Lewis leads November 29, 2021 Used car marketplace Motoway has snagged unicorn status today, after a fresh $190m funding round has it gearing up for expansion. High profile investors including Index Ventures, which backed Deliveroo, Etsy and Dropbox, as well as BMW i Ventures, Latitude and ICONIQ Growth piled into the Series C. “We’re now completing over 8,000 car sales [...]