FTSE climbs despite Bank’s wobble on interest rate cuts December 14, 2023 The FTSE 100 has climbed to its highest level for almost two months, despite caution from the Bank of England over expectations that interest rates will be slashed next year.
London-based luxury retailer Farfetch in talks with Apollo: Reports December 14, 2023 Embattled luxury retailer Farfetch is reportedly in talks with private equity giants over a fundraising package. The London-headquartered firm is having a torrid time on New York’s public markets after announcing it wouldn’t publish third quarter results. Sky News’ Mark Kleinman reported that the firm is in talks with Apollo, amongst other players, as it [...]
Mark Kleinman: LSE chiefs must seize Shein opportunity December 14, 2023 Mark Kleinman is Sky News’ City Editor and is the man that gets the City talking in his weekly City A.M. column.
Russian director of UK payment company departs after FCA probe December 13, 2023 The director of a UK payment company that was recently put under notice by the Financial Conduct Authority (FCA) has left the firm. Mikhail Nadel’s position as director of Dzing Finance was terminated on 20 November, according to Companies House documents. Nadel (also known as Michael Strogonov), a Russian citizen, was once the chairman of [...]
Watch of the year: Parmigiani Fleurier takes our top spot December 13, 2023 Parmigiani Fleurier returns to London soil with a captivating ‘rattrapante’ GMT that Alex Doak is calling Watch of the Year
The Notebook: Michael Martins on why Labour must face up to a Trump presidency December 13, 2023 Michael Martins, former US Embassy London political and economic specialist, on the Labour party, Donald Trump and reaching for the stars.
Shein float will be a godsend for markets – if it can get over the line December 13, 2023 As Shein eyes up a mega IPO, it's flotation could re-start the cycle of flotations which has been stuck in the doldrums, writes Simon Neville
Oxford Street revival to ‘peak’ next year as West End recovers from candy store scourge December 12, 2023 Sam Foyle, director of retail at Savills said that everyone has been looking at the street “really positively” and there are currently 15 deals from businesses under offer at the moment.
Analysts: Shein float in London would set off investor ESG alarm bells December 12, 2023 Shein is reportedly looking at a potential IPO in London - though analysts in the capital believe a float would raise investor red flags
A cash-based society isn’t just for the old, it’s for the young and foolish too December 12, 2023 Out in the wilderness of central London, armed with a £20 note, I was faced with just how hostile our city has become to the use of cash.