Plymouth shooting: Killer had shotgun license returned by police weeks before attack August 14, 2021 The UK’s police watchdog has launched a probe into why the man who shot dead five people in Plymouth on Thursday had his confiscated gun and permit returned by police just weeks before the attack. Jake Davison, 22, shot his mother Maxine Davison and four members of the public – including a three-year-old girl Sophie [...]
The interview: Sir Richard Branson on the past, present and future August 14, 2021 Christopher Jackson talks to the CEO about the pandemic, work and his friendships with Barack Obama and Nelson Mandela. Thanks to our friends at Finito for allowing us to republish their article. Fame will sometimes have a blurring effect. Public presence sustained over a long period of time can create a confusing image. During a [...]
Hacker behind biggest ever DeFi attack returns $342m – CityAM : CityAM August 12, 2021 The hacker who stole $600m of assets from the Poly Network earlier this week has returned the majority of the money after sharing a bizarre self-interview. Poly Network has confirmed that $342 of the stolen millions have been returned to them as of today. $4.6m was sent as Ethereum, $252m was sent as BSC and [...]
London hotel rooms empty as holidaymakers favour rural staycations – CityAM : CityAM August 12, 2021 London hotels have been dealt an unenthusiastic staycation trade while their regional counterparts have capitalised on international tourism constraints. Online travel platform Booking.com told City A.M. that while staycations were at the forefront of UK holidaymakers’ minds with travel restrictions not going anywhere, cities were not the top choice. “In terms of locations, it appears [...]
City Moves: Who’s switching jobs in the Square Mile this week? August 11, 2021 City A.M.’s Millie Turner provides a roundup of the most important hires and job moves across the City, every Wednesday afternoon. Email citymoves@cityam.com to be featured. Former Tesco director joins London’s Interpath as special advisor London-headquartered firm Interpath Advisory has appointed former Tesco director and retail veteran Christine Cross as a special advisor for the business. Cross’ extensive non-executive and advisory board [...]
Admiral posts strong half-year results as pre-tax profit jumps 76 per cent August 11, 2021 Admiral has posted strong half-year results for the period up to the 30 June 2021 as their decision to adjust pricing on pandemic-related claims looks to have paid off. The insurance company saw its pre-tax profit jump by 76 per cent, from £274.4m this time last year to £482.2m for the six months to 30 [...]
Citigroup to require vaccines for return to US offices August 10, 2021 Citigroup will require US employees returning to the office to be vaccinated against Covid-19, the bank’s head of human resources said today. The bank expects these employees to start returning to the office for at least two days a week from 13 September, Sara Wechter said in a Linkedin post. The policy will apply to [...]
Chinese social media giant Weibo’s ex-PR director arrested on bribery charge August 10, 2021 Chinese authorities have arrested today a top communications director at Chinese social media giant Weibo accused of taking bribes. Mao Taotao, former senior public relations director at Weibo, was detained by police on suspicion of accepting bribes and committing fraud. Weibo, part-owned by e-commerce giant Alibaba Groups, said the company had fired Mao and will [...]
Fine dining restaurant planned for the top of Lloyd’s of London August 10, 2021 Lloyd’s of London is considering adding a Michelin-starred restaurant to the top of its headquarters as part of a revamp of the insurance marketplace’s iconic building spaces. The creation of a high-end restaurant with enviable views of London is being considered as a way to create ‘destination style’ experiences, and attract more clients and members of [...]
Strategic asset allocation or how I learned to stop worrying and love dispersion August 10, 2021 For decades, strategic asset allocation has been considered the driving force behind investment portfolio returns. But the old adage that allocation determines 90 per cent of performance is rapidly becoming outdated. During 2020 and 2021, we have seen how the world of investing is shifting from one in which declining interest rates drive beta performance [...]