Inmarsat buyer plans London HQ in bid to ease security fears November 14, 2021 A US satellite company which offered to buy Britain’s Inmarsat for $7.3bn (£5.5bn) could set up an international headquarters in London to appease national security regulators. Viasat is in ongoing discussions with UK ministers after it announced plans to purchase Inmarsat through a merger which would create one of the world’s largest satellite operators, the [...]
Luxury group Richemont in talks with Farfetch to shed stake in lossmaking Net-a-Porter November 12, 2021 Swiss luxury goods group Richemont is in “advanced talks” with the UK’s Farfetch over a deal to sell on its minority stake in the lossmaking Yoox Net-a-Porter (YNAP) online luxury retailer. It’s a move that is likely to butter up investors that have long been critical of its stake in YNAP, which has lost its [...]
Exclusive: London fitness platform formed by ex-Barry’s trainers raises fresh equity November 12, 2021 Online fitness platform Grndhouse, co-founded by five London fitness trainers, has raised a financing round led by venture capital firm Passion Capital, the firm told City A.M. this morning. The £1.5m investment will be used to launch a 4,500 sq ft film studio and facility, along with an app in early 2022, the firm said. [...]
From drivers to prison officers: Rapid jump in job adverts as vacancies climb to 2.7m November 12, 2021 Rising demand for driving instructors, prison officers and forklift truck drivers is helping to fuel an increase in job adverts, new research suggests. Around 221,000 new job adverts were posted in the first week of November, the fourth highest weekly figure since the start of 2020, taking the total to nearly 2.7m, according to the [...]
Will the ‘Tesla of aviation’ convince critics net-zero flying is not just a fairytale? November 12, 2021 Firms like Aura aero have their doubters. UK environmental NGO the Aviation Environment Fund (AEF) thinks efforts to develop green aviation and zero-carbon technologies such as sustainable aviation fuels and hydrogen or electric aircraft will not help by themselves the industry reach its net-zero target. “Our politicians seem to be living in a fairytale world [...]
City Moves: Who’s switching jobs in the Square Mile today? November 10, 2021 Deloitte Deloitte has posted a new partner to its financial advisory practice, who is set to head real estate mergers and acquisitions (M&A) for the sector. Bringing 17 years experience in M&A and principal investments to the position, Abhishek Jaiswal joins the Big Four firm from Bank of America where he was a lead real [...]
Meta exec: Interacting in (not on) the internet will transform our society November 10, 2021 There’s a poster on the wall of our offices which asks the question “What would you do if you weren’t afraid?” It’s a brilliant question which encourages us to think bravely and confidently about the future. Last month, Mark Zuckerberg took to the stage virtually at Facebook’s annual conference to answer that question. He unveiled [...]
French Unicorn Aircall opens new office in UK November 9, 2021 French Unicorn, Aircall, the global cloud-based call centre software, will be opening its UK office in London’s Silicon Roundabout as part of its expansion across Europe.
Interview: Mike Adams, CEO of Purple, on changing the disability conversation November 1, 2021 Mike Adams, CEO of Purple, shares with Lysanne Currie his mission to change the disability conversation from disadvantage and inequality to one about potential and value. This article first appeared in ICAS’ CA magazine. Mike Adams has a useful exercise for leaders to try with their own company website. He calls it the no-mouse test. When [...]
Exclusive: ‘London needs to take a leaf out of Dorset’s book,’ argues veteran City lawyer October 28, 2021 As restrictions have eased, office doors reopened and professionals flock back into the City, life is once again teeming in London. However, as living priorities and sustainability targets have evolved post-pandemic, London must ensure that it remains attractive, liveable and sustainable in the long-run. A formula that has proven to create eco-friendly and community-focused residential [...]