Chinese tech giant Tencent snaps up stake in business finance firm Previse April 22, 2022 Chinese tech giant Tencent has snapped up a stake in London business finance firm Previse as it accelerates its push into UK fintech.
City Moves: Who’s switching jobs in the Square Mile? April 22, 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. BDO BDO has bolstered its financial services team with a new partner, which will be the accountancy and business advisory firm’s fifth dedicated finserv partner in the last year. Rahoel Patel, who joins the firm’s transaction services team, brings more than 15 years’ experience of advising both [...]
Everything you were afraid to ask about the metaverse April 22, 2022 This article first appeared in ICAS’ CA Magazine. It recently hosted its first wedding, with a guest list of thousands. It may soon see CAs send digital avatars to clients’ virtual offices. But will the metaverse really reshape business or be just a niche preserve of gamers? Christian Koch investigates. The metaverse is coming… “Who [...]
Rain Newton-Smith interview: Go for growth to turbocharge economic resilience April 22, 2022 Everyone knows the dismal time the UK economy is in for over the coming year – but let’s recap. Living standards are scheduled to fall at the steepest rate in 66 years as a result of wages failing to keep pace with an average annual inflation rate of over seven per cent, according to the [...]
New review will consider allowing black cabs through City’s Bank junction 24/7 April 21, 2022 The City of London Corporation will launch a review into whether it should lift restrictions on black cabs and other drivers crossing through Bank junction on weekdays. Only buses, cyclists and pedestrians have been allowed on the busy Square Mile junction from 7am to 7pm on weekdays since 2017. The local authority’s Court of Common [...]
The City View: Re-Leased CFO Sam Caulton on real estate’s brave new world April 21, 2022 Today Andy Silvester talks to Sam Caulton, CFO of Re-Leased, a commercial property management proptech. They discuss his journey to the role; why the commercial real estate sector’s been in desperate need of change, and how he effecting such change with Re-Leased; the impact of Covid on the sector; and the importance of being in [...]
BP pushes forward with North Sea oil and gas project April 21, 2022 BP has submitted its environmental statement for the Murlach project to the energy regulators, as it pushes ahead with plans to develop the site.
Exclusive: Salesforce chief says tech firm’s City of London offices are amongst the fullest worldwide April 21, 2022 Salesforce’s London offices are now fuller than almost all of its other offices worldwide, Salesforce’s UK & Ireland head has said to City A.M. Speaking exclusively to this paper, Salesforce UK & Ireland CEO Zahra Bahrololoumi said “Salesforce thrives in city centres,” as she explained the firm is now working to upgrade its offices in [...]
Barclays sells off half of Absa stake for £526m April 21, 2022 Barclays announced today it has sold off a major chunk of its remaining stake in South African banking group Absa for £526m as it continues to shed its holdings in the firm.
City of London Corp to decide whether to let black cabs back to Bank junction April 21, 2022 A motion to allow black cabs to cross through Bank junction 24/7 will be reviewed by the City of London Corporation today. Under the local authority’s current rules, only buses and cyclists are allowed to cross the busy City junction between 7am and 7pm on weekdays. A motion brought forward by alderman Tim Hailes, and [...]