Ed Sheeran’s prototype Equals guitar fetches £52k in charity raffle in singer’s Suffolk hometown of Framlingham December 24, 2021 A charity raffle to help a school in Ed Sheeran’s hometown is making headlines this morning as the singer’s prototype Equals guitar raised £52,765. The 30-year-old pop star worked with Northern Ireland-based guitar-maker George Lowden to create a signature instrument to mark his “coming of age” album Equals. The Shivers hitmaker donated it to be [...]
’50 storeys of joy, hope and love’ as City skyscraper is lit up for NHS Christmas staff December 23, 2021 Concord London and Brookfield told City A.M. this evening they are lighting up the 50-storey Principal Tower which borders the City and Shoreditch, with a show of hearts for the many thousands of NHS workers who will be working and not with loved ones during this festive period. ’50 storeys of joy, hope and love’ will take place [...]
Weil Gotshal & Manges legal trainees are highest paid in the City after salary hike December 23, 2021 Law firm Weil Gotshal & Manges have raised pay for trainees making them the highest paid in the City, according to reports. First year trainees will earn £60,000, up 20 per cent from £50,000 and second years will now take home £65,000, an 18 per cent rise from £55,000, according to Legal Cheek, which first [...]
Tube line closed until end of the year amid Covid related staff shortages December 23, 2021 London's transport chiefs have been forced to close a tube line until the end of the year amid Covid-19 related driver shortages.
End of year rush sees value of FCA fines increase fourfold to £618m. highest level in six years December 23, 2021 An end of year surge in fines has seen the value of FCA fines increase fourfold to £618m this year, up from £156m last year, the highest value of fines in six years, according to new data shared with City A.M. this morning. The increase in fines in 2021 was dominated by four blockbuster fines [...]
Pret A Manger sees dwindling City sales amid latest Covid-19 wave December 23, 2021 Pret A Manger has seen dwindling transactions amid the latest Covid-19 wave, which has hit its City stores hardest. Sales in the café chain’s store in the City have dropped by nearly a third, according to the Office for National Statistics, the lowest level Pret has experienced since late August. Pret, which operates around 400 [...]
Odey Asset Management fund manager snags £15m annual payout December 23, 2021 A hedge fund manager at Odey Asset Management has snagged the biggest annual payout this year – reportedly beating its prominent founder. James Hanbury, who manages the firm’s largest fund the Odey Absolute Return, took home an eyewatering £15.6m, according to account filings. The hefty payout follows the asset manager enjoying a profit jump of [...]
Automotive output falls 28.7 per cent despite EV boost December 23, 2021 The UK automotive output declined 28.7 per cent in November to 75,756 units produced. According to data from the Society of Motor Manufacturers and Traders (SMMT) released today, both domestic and overseas markets plunged, going down 18.8 and 30.4 per cent respectively. “These are incredibly worrying figures, underscoring the severity of situation facing the automotive [...]
West End calls for ‘tangible relief’ as footfall hit by Omicron messaging December 22, 2021 Footfall was down 27 per cent on 2019 levels in the West End yesterday, despite the crucial build up to Christmas. Although footfall was up 10 per cent compared with the previous week, businesses have struggled to see the Christmas shopping momentum they anticipated this year. The West End has been hit by messaging to [...]
Londoner on the run: Convicted money launderer who smuggled millions out of the UK wanted by the NCA December 22, 2021 The National Crime Agency is appealing for information on the whereabouts of a convicted money launderer who talked of moving up to £50m out of the UK every month. Abdul Fahad, 41, of Meads Lane, Ilford, was arrested by NCA officers in 2018 after bundles of cash totalling more than £100,000 were found in his car. He was charged [...]