City Moves for 27 January: Who is switching jobs in the Square Mile this week? January 27, 2021 Snakes and Ladders provides a roundup of the most important hires and job moves across the City, every Wednesday afternoon. Email citymoves@cityam.com to be featured. Lombard Odier IM bolsters institutional sales team Lombard Odier Investment Managers (LOIM) has bolstered its UK and Ireland institutional sales team with two new hires. Chris Vogtherr and Claudia Ziebart joined the investment [...]
Martha Stewart’s got the munchies: Lifestyle guru selling CBD oil treats for pets January 26, 2021 Lifestyle guru Martha Stewart today launched a line of cannabis-infused oil drops and soft-baked chews for dogs
Bumper year for private equity as deals soar 257 per cent January 26, 2021 The number of UK listed companies taken private by private equity firms jumped from seven to 25 in private equity boom year. The total value of UK listed companies taken private by private equity firms increased from £2.3bn to £21.1bn in 12 months to 30 September 2020, research compiled by BDO has found. The audit [...]
Top official warns of ‘disturbing’ amount of Russian money laundering in UK January 25, 2021 One of the UK’s top officials in monitoring economic crime has today warned about the “disturbing” prevalence of Russian money laundering in London, claiming up to half of all money laundered from the country is done through the UK. Graeme Biggar, director general of the National Economic Crime Centre, told MPs today that it was [...]
FTSE 100 closes at three-week low as ministers mull hotel quarantine for arrivals January 25, 2021 FTSE 100 closes at three-week low as ministers mull hotel quarantine for arrivals
Mercato Metropolitano to open three London street food markets this year January 25, 2021 Street food market operator Mercato Metropolitano is investing £35m in expansion plans, as it prepares to launch new sites in London, Europe and the US despite the impact of the pandemic on the hospitality industry. The firm will open a Canary Wharf site and a second market in Elephant and Castle this summer, followed by [...]
London house prices: Which exclusive areas suffered the biggest drop in property values? January 25, 2021 House prices in some of London’s most exclusive neighborhoods plunged due to the coronavirus pandemic, according to the latest research. Sold prices across prime central London postcodes have fallen 10 per cent since the start of the pandemic, while property values across the capital grew three per cent on average. The W1J postcode in Mayfair [...]
London first-time buyers undeterred by Covid and rising house prices January 25, 2021 First-time buyers in London were largely undeterred by the coronavirus pandemic and rocketing prices last year, the latest research found. London’s first time buyer figured dipped six per cent in 2020 as the housing market was closed for months during the first national lockdown. However the slump was the lowest in the capital compared to [...]
Striking a chord: How music rights firms serenaded the stock market January 23, 2021 Anyone who has the misfortune to monitor news updates on the London Stock Exchange will know the name Hipgnosis. Less than a month into 2021, the gauchely-named company has already issued nine wordy announcements. They are not, however, the usual trading updates or dry regulatory disclosures. Instead, Hipgnosis has been on a relentless acquisition spree [...]
When it rains, it pours: Storm Christoph strikes up to £120m of insurance damage across the UK January 22, 2021 UK insurance losses could reach up to £120m in the wake of Storm Christoph with Wales hit the hardest, according to a PwC insurance leader. Residents have been forced to leave their homes and a major incident declared in Wales after enduring the highest rainfall of the four UK nations. Around 80 people, including care [...]