City Moves: Who’s switching jobs in the Square Mile? October 4, 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. GPP Financial services provider GPP, part of Titan Wealth, has poached its new chief executive officer from American investment banking giant BNY Mellon’s Pershing business. Geoff Towers will be responsible for leading GPP as a core part of the [...]
Over 30 UK homes tied to sanctioned oligarchs remain unfrozen assets October 3, 2022 Around £700m worth of luxury homes previously linked to sanctioned oligarchs have not been flagged for asset freezes, according to new research by campaign group Transparency International UK. Some 33 homes, flats and office blocks across London and Surrey – including mega-mansion Witanhurst – have not been restricted on the UK property register, the group [...]
Majority of UK firms to ramp up business travel spending by next year October 3, 2022 The majority of UK businesses are set to ramp up their travel spending in the next year, according to research. Data published on Monday by American Express revealed that 68 per cent of UK companies would increase their business travel spending by at least 50 per cent, while four in ten firms are looking to [...]
Bank should have delayed rate decision to avert crisis, says former pensions minister October 3, 2022 The Bank of England should have delayed its rate-setting meeting until after the government’s mini-budget to have avoided the crisis that rocked pension funds last week, a former pensions minister said today.
SMMT: UK automotive needs investments, not government handouts October 3, 2022 The UK automotive sector needs a renewed focus on investment, not government handouts – said industry executive Mike Hawes. According to Hawes – chief executive of the Society of Motor Manufacturers and Traders (SMMT) – car makers need a “competitive framework that is as competitive as many other countries with whom we trade and with [...]
Whose money is it anyway? How blockchain technology can give control back to investors October 3, 2022 Jonny Fry looks at environmental concerns and how they're reflected in shareholder perks for private investors.
City of London defends redevelopment plans for Barbican October 3, 2022 A campaign group has slammed the “misinformed and misleading” data that has been used to justify demolishing two historic buildings in London’s Barbican. The City of London Corporation has submitted plans to demolish the Museum of London and adjacent office block Bastion House after raising concerns over the safety of the buildings. But a new [...]
Career Pivot: How To Transition To Tech October 3, 2022 You may be hearing rumblings of tech slowdowns and layoffs, and it’s true that as fears of recession deepen, many firms are tightening their belts and shoring up their bottom lines as preventative measures. Others are choosing to cut headcount across less well-performing projects or are shedding teams in areas where focus has been pulled. [...]
Don’t Worry Darling review: Not as bad as you’ve probably heard October 3, 2022 Olivia Wilde’s follow up to Booksmart should have been a highlight of 2022. Yet, when Don’t Worry Darling took its bow at Venice, the whole project had fallen into farce. There was tabloid scandal surrounding Wilde’s relationship with star Harry Styles; a rumoured rift with lead Florence Pugh; and a video that appeared to show [...]
Peel Hunt says revenues will tumble to £40.5m as capital market slump continues October 3, 2022 Investment bank Peel Hunt said it expected revenues to come in at £40.5m in the first six months of the year as it continues to feel strain of a slump in capital markets activity this year.