Exclusive: Fund manager Andy Ho on why the City is the best place to raise capital August 19, 2021 This morning City A.M. sits down with fund manager Andy Ho, a City insider who left his native Vietnam as a boat refugee, only to return two decades later as a global investor. Ho’s Vietnam-focused investment fund VOF is listed on the LSE’s main market, a member of the FTSE 250 and one of the [...]
Exclusive: ‘When I started, diversity didn’t really exist’, says Bank of America’s international head of ESG August 19, 2021 In this series, City A.M. zooms in on a range of successful women in the Square Mile, some being movers and shakers in their respective fields – rule makers, not rule takers – while others are rising stars worth keeping an eye on. Today: Andrea Sullivan, international head of ESG at Bank of America. An M&A [...]
Indy Hothi CA: “You cannot witness the devastation around you and not feel compelled to do something.” August 19, 2021 This article first appeared in ICAS’ CA magazine. ICAS Deputy President Indy Hothi CA says his work at Khalsa Aid International is just one example of how accountants can use their skills to support their chosen causes. Back in 2014, parts of Bosnia and Serbia suffered their worst floods since records began some 120 years ago. [...]
Klarna considering a listing but not ‘right now’ August 18, 2021 Swedish fintech Klarna Bank, which offers ‘buy now and pay later’ loan plans to shoppers, may consider listing as early as 2022. The firm does not have “immediate plans” for an IPO amid “very volatile” markets, chief executive and co-founder Sebastian Siemiatkowski told Bloomberg in Warsaw. Klarna was valued at $45.6bn in its latest funding [...]
The British Kebab Awards: Westminster’s unlikely mainstay event August 18, 2021 For the uninitiated, the British Kebab Awards probably sound like something attended exclusively by shop owners and those people from YouTube who eat the same food for every meal. While these two categories of people should not be taken for granted, the event is in fact better known in SW1 as a mainstay on the [...]
Tory MP Tom Tugendhat slams Joe Biden’s ‘shameful’ comments on Afghani soldiers August 18, 2021 Senior Tory MP Tom Tugendhat has hit out at “shameful” comments made by Joe Biden on the efforts of Afghani soldiers defending the country from the Taliban. The Foreign Affairs Committee chair, who served in Afghanistan, said “those who have never fought for the colours they fly should be careful about criticising those who have”. [...]
Mayor Khan pushes ahead with controversial Thames tunnel plans August 18, 2021 Mayor Sadiq Khan is pushing ahead with construction plans for the East End’s fourth and most controversial road river crossing. Construction of the £2bn Silvertown tunnel is well-underway and set for completion in 2025. The tolled road tunnel will span between the Royal Docks precinct and Greenwich peninsula, falling within the Ultra Low Emissions Zone [...]
Majority of employees opt for flexible working over a pay rise August 18, 2021 A new study has revealed that the vast majority of people would choose to work flexibly over an immediate pay rise and full-time return to the office. Nearly three quarters (72 per cent) of workers would prefer flexible working over going back to the office full time even if they were handed a 10 per [...]
98 per cent of London schools in areas with toxic air quality August 18, 2021 Almost every London school is in an area where air pollution levels exceed World Health Organisation limits, a City Hall analysis suggests. According to the 2016- 2020 report, the average concentration of particulate matter was a third higher at schools in London than in the rest of England. Figures show 98 per cent of schools [...]
Triple-lock: How Boris and Rishi can both have their cake and eat it August 18, 2021 Is the triple-lock on its last legs? That question seems increasingly relevant in Whitehall. Average earnings rose by 8.8 per cent last month, including bonuses, according to figures published by the ONS yesterday. Moreover, earnings figures released next month are expected to set next year’s increase in the State Pension. So why is this relevant? The [...]