Editorial: From fireworks to business rates, it’s time to move forward October 15, 2021 On the face of it, whether or not a fabulous yellow roman candle explodes like a spider across the stars for London’s New Year’s Eve celebrations is not the world’s most pressing issue. But in its own luminous way, the decision by the Mayor to cancel the capital’s midnight show for the second time in [...]
TradingView hits $3bn valuation amid retail investor boom October 14, 2021 TradingView has completed a $298m (£218m) funding round led by Tiger Global brining its valuation to an eye-watering $3bn. The website, which provides retail investors with free market data and insights, reported a 400 per cent jump in membership accounts and a 237 per cent increase in visitors over the past 18 months as lockdowns [...]
Three jobs to apply for this week (including a REALLY cool one at eClerx) October 14, 2021 Are you on the hunt for a new gig? Well, you have come to the right place. This week, we’re bringing you three brilliant (and interesting) roles that are available on City AM Jobs. So if you are looking for a new opportunity, get applying… Analytics Consultant, eClerx This role on the Solutions Consulting team [...]
£2bn loss in 15 mins: THG in the dark over what caused share price drop of 35 per cent October 13, 2021 THG said today it still has not figured out what caused the online retailer’s share price to nosedive by 35 per cent during a shareholder meeting yesterday afternoon, wiping £2bn off its value. The firm’s management stressed they had not revealed any new information that might have caused such a major swing in the embattled [...]
EU’s Brexit peace offering includes removal of 50 per cent of customs checks on British goods October 13, 2021 European Commission vice president Maros Sefcovic is expected to present a number of proposals later today aimed at resolving the political stand-off between the UK and EU over the movement of goods across the Irish sea. He has promised the measures will be “very far-reaching”. The Telegraph reports the EU will offer to remove up [...]
Further oil price gains boosts FTSE 100 October 11, 2021 Further gains in oil prices boosted industrial stocks this morning, lifting the FTSE 100 into positive territory. The capital’s premier index was up 0.12 per cent to 7,104.27 points during the first couple of hours of trading. Industrials led the FTSE higher this morning, with oil megacaps BP and Royal Dutch Shell both climbing more [...]
IPO: Pantheon Infrastructure looks to raise £300m for shopping spree October 11, 2021 Investment trust Pantheon Infrastructure (PINT) is seeking to float on the London Stock Exchange at an issue price of 100p per share. Looking to raise £300m from institutional and retail investors, the trust will use the cash injection to invest in different industries, from digital infrastructure such as data centres and fibre-optic networks to utility [...]
It’s good to back in the Kafkaesque embrace of crypto conferences October 8, 2021 After 18 months of moaning about the sensory deprivation of Zoom calls, it was weirdly tiring to be in a place of humans, writes Monty Munford.
Property of the Week: Lancer Square, a shiny new development on the edge of Kensington Gardens October 8, 2021 At the Kensington High Street end of Kensington Church Street, Lancer Square, which has been in development for many years, saw its first residents move in this week. The show apartment is a four-bedroom, five-bathroom enclave on the fourth floor overlooking the development’s sunken garden, and I think I can safely say that £15m doesn’t [...]
Uber showcases employees’ business ideas in Oxford Street pop-up – CityAM : CityAM October 8, 2021 Uber is launching a pop-up store on Oxford Street – London’s busiest shopping artery – to test some of the products and services designed by its drivers and couriers. Open throughout October, the store will be operate from Monday to Thursday, giving employees an opportunity to showcase their business ideas to the general public. The [...]