2021: An exceptional year for EMEA M&A March 1, 2022 EMEA M&A markets went into overdrive in 2021, spurred by a number of factors, resulting in an exceptional year for dealmakers.
Mirror and Daily Star publisher on track to double digital revenue by 2024 amid inflation concerns March 1, 2022 Shares in the publisher behind the Daily Mirror and Daily Star tanked as much as 25 per cent today, wiping about £180m from the company’s market value, after it warned that inflation would hit its 2022 profits hard. Despite digital revenue up over 25 per cent to £148.3m and 10m sign-ups across its titles, investors [...]
City Moves: Who’s switching jobs in the Square Mile this week? March 1, 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. Savills Savills has appointed an associate lecturer at University College London as new associate in its London planning team. Joining with seven years’ experience from across the UK and Canada, Prashanna Vivekananda will focus on both life [...]
Editorial: Businesses deserve credit for what are very big decisions February 28, 2022 Politicians sometimes resemble managers of struggling football teams; bad results are often written off as bad luck and outside of one’s control, but when the ball bounces in off somebody’s backside for a much-needed 90th minute winner they are, per the man in charge, often the result of some training ground masterstroke. So it is [...]
UK outlines measures to clamp down on Russian oligarchs using the ‘London laundromat’ February 28, 2022 The UK has announced a package of measures today to help ban corrupt Russian oligarchs from laundering their money in London, which will aim to force foreign owners of British assets to reveal their true identities. Business secretary Kwasi Kwarteng said the package will stop “oligarchs and kleptocrats from Russia and elsewhere” who “have used [...]
Second chances: Ex-offenders could help solve recruitment crisis February 28, 2022 “I always wanted to be a drug dealer. Getting a job would have been strange to me,” Liam Meredith, an ex-offender who now runs his own catering business, says. Many young men like Meredith struggle to break a cycle of offending even after they leave prison, due to tumultuous home lives. For men like Meredith, [...]
City Giving Day is the opportunity for everyone to get involved February 28, 2022 The City of London is a global leader in financial and professional services, but not everyone knows that it also invests significant sums in communities and causes to change lives and make a wider positive impact on society. For companies, City Giving Day is an opportunity to showcase their charitable and community work, and let their staff and visitors know about the [...]
We must stand united with Ireland and our European partners in this time of crisis February 28, 2022 At a time when tensions across Europe are at the highest they’ve been for a generation, it is critical for like-minded allies to work together in close partnership. That will be my message when I cross the Irish Sea and return to my roots in Dublin this week. Strengthening financial and professional services links following [...]
Exclusive: Electric vehicle fundraiser looks to put some spark into raise efforts February 28, 2022 Electric vehicle (EV) finance business WeFlex has brought in EY to drive its £60m funding effort. A mixture of debt and equity, the funding will be used to help hailing driving companies such as Uber to switch to EV, providing insurance, vehicle servicing and PCO licensing. WeFlex has already raised £2m in equity from investors [...]
BP ditches stake in Rosneft after Russian invasion of Ukraine February 27, 2022 BP will ditch its near 20 per cent stake in Kremlin-backed energy giant Rosneft, following Russia's invasion of Ukraine.