The City View: August CEO Mélie Dunod on rethinking holiday home co-ownership April 27, 2022 Today Andy Silvester talks to Mélie Dunod, CEO and co-founder of holiday home co-ownership firm August. She talks us through the company’s inception; why their equity purchase model allows for better and more transparent co-ownership; and the post-Covid re-examination of lifestyle purchases. And in the news: law giant Eversheds Sutherland has re-entered Russia, striking a [...]
UK fraud investigators serve notice on companies linked to mining magnate Sanjeev Gupta April 27, 2022 UK fraud investigators yesterday served notices at multiple addresses linked to mining magnate Sanjeev Gupta, just a day after French police raided Paris offices linked to the embattled steel tycoon. The UK’s Serious Fraud Office (SFO) yesterday issued Section 2 notices to trading addresses linked to the Gupta’s Liberty House Group of companies, requesting financial [...]
How technology is transforming and unlocking real-estate asset classes April 27, 2022 The line between technology and real estate is blurring, bringing new opportunities and asset classes, particularly in residential, office and biotech, says Samantha Kempe, co-founder and chief investment officer of IMMO Capital. The sheer size of the real estate sector – the global figure reached a record $326.5 trillion (about £251.1 trillion) in 2021, according [...]
KPMG to cash in on tech fundraising boom via stake in venture capital advisor April 27, 2022 KPMG is seeking to capitalise on the UK’s booming technology startup ecosystem by acquiring a 50 per cent stake in venture capital fundraising advisor Acceleris. The Big Four accountancy firm is hoping to cash in on the booming market for tech startup fundraising by teaming up with the tech-focused venture capital firm. The deal, which [...]
1 Minute Market Rundown – 27th April 2022 April 27, 2022 Risk Under PressureCrypto ConsolidatesUSD in DemandGoogle Disappoints To say things got ugly yesterday would be a bit of an understatement. Clearly, what goes lower, must go…lower. Stock indices closed the session sharply lower with the S&P taking out support at 4200. US stocks sank to the lowest levels seen in 6 weeks as hopes that [...]
City Moves: Who’s switching jobs in the Square Mile? April 27, 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. Intuit Intuit, the technology platform behind QuickBooks, Mailchimp and Credit Karmahave hired a new vice president and UK country manager. Jolawn Victor has previously held senior roles at QuickBooks and PepsiCo. Joining from popular meditation app Headspace, where she was chief international officer, [...]
If the Conservatives want to survive, they need to regain their economic credibility April 27, 2022 Now, people’s money is counting for less and less as inflation pushes prices up. And a YouGov poll put Labour ahead of the Conservatives on six out of seven economic trackers. For the first time, the same number of people think a Labour government led by Keir Starmer would be better at managing the economy as those believe the same of a Boris-Johnson led Conservative government.
UK oil and gas firms dish out £2.2bn dividends after bumper profits April 27, 2022 London-listed oil and gas firms dished out bumper dividends in the first quarter of the year as profits surged on the back of soaring commodity prices.
If the metaverse is the future, what does it hold hold for sport? April 26, 2022 Since Facebook rebranded to Meta last year, barely a day passes without a new capital raise, brand launch or futures fund for the metaverse, but what exactly is it and what does it mean for sport and its biggest stars? Despite the metaverse being a relatively recent term, it’s clear a new virtual reality is [...]
London comes out on top for foreign finance investment April 26, 2022 London’s finance firms attracted more foreign cash than any global city last year in a boon to the Square Mile’s standing as a financial hub beyond Brexit.