Time to pour cold water on the FUD and misinformation from Bitcoin doubters July 16, 2022 Crypto AM's Dr Chris Kacher thinks the heat needs turning down on the current crypto FUD spread that reminds him of 2014 and 2018.
City Moves: Who’s switching jobs in the Square Mile? July 15, 2022 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. Westwind Capital London-headquartered Westwind Capital, a new European private equity real estate investment platform has appointed a chief financial officer and chief operating officer, as it builds out its C-suite. Stepping into both roles, Mark Terry brings [...]
Revolut hits 20 million users as app toasts seventh anniversary July 15, 2022 Financial app Revolut has just surpassed 20 million retail customers worldwide, and is now processing 250 million transactions a month.
London’s Royal Albert Docks: PwC liquidators brought in after Chinese firm severed from development deal July 14, 2022 Administrators have been called in to liquidate firms involved in a major regeneration project at the Royal Albert Docks. PwC appointed three joint liquidators for 23 firms within the east London site, after the China-based ABP Group failed to pay creditors over the last two years. Mayor Sadiq Khan tore up an agreement with ABP, [...]
First Property Group wins nearly half a million in unpaid rent from H. Samuel operator July 14, 2022 London property fund manager First Property Group has won nearly half a million in rent arrears from the operator of H. Samuel and Ernest Jones, after the jewellers withheld payment during pandemic restrictions. First Property recovered £450,000 from retail operator Signet Trading, in the first known arbitration under the Commercial Rent (Coronavirus) Act 2022. Gary [...]
Dr Martens says sales of boots are in line with forecasts despite cost of living crunch July 14, 2022 Dr. Martens has assured shareholders its trading this year is in line with expectations, ahead of its AGM in north London on Thursday. In a trading update on Thursday morning, the boots maker said trading was as expected since the start of this financial year. The retailer acknowledged that ‘the early months of our financial [...]
Sale process begins for Savile Row tailor brand Gieves and Hawkes July 13, 2022 Gieves and Hawkes is up for sale, with liquidators keen to attract prospective buyers for the 250-year-old Savile Row brand.
UKH Hacker Young sanctioned after Laura Ashley audits July 13, 2022 UKH Hacker Young has been “severely reprimanded” and slapped with a £350,000 fine by the accounting watchdog over its audit of Laura Ashley. The Financial Reporting Council has imposed serious sanctions on the firm for its audit of the fashion retailer for the 2018 and 2018 financial years. The retailer, which had 155 UK stores [...]
London-listed Computacenter snaps up Chicago retailer BITS which made £206m in profit last year July 13, 2022 Computacenter confirmed this afternoon the London-listed company has bought Business IT Source (BITS), a US reseller based in Buffalo Grove, Illinois, around 45 minutes away from Chicago. The business has around 100 employees and reported $245m, or roughly £206m in profit last year. Earnings before interest and tax (Ebit) reached $8.9m, or £7.5m, in the [...]
Exclusive: Labour eyes up reform to ‘prescriptive’ EU finance rules July 13, 2022 Shadow city minister Tulip Siddiq said she would look to overhaul “prescriptive” EU-era regulation in financial services today as the Labour party mounts an offensive to try and win over the City.