Grant Thornton takes on Big Four giants with new £40K salary for London grads Prof Services Grant Thornton has raised its London graduate starting salary to £40,000 and introduced “milestone bonuses” into the pay structure as part of the firm’s ambition for significant growth. The private equity-backed firm has overhauled its early careers programme, first reported by City AM in April, and will offer ‘market-leading’ starting salaries to London juniors of £40,000 from [...]
Private equity firm Pollen Street weighs sale Investing Private equity firm Pollen Street is weighing a sale and has begun talks with potential suitors, the company confirmed today, in what could be the latest of a wave of takeovers to hit the London Stock Exchange this year. The London-listed investment house, which counts lenders Shawbrook and Bunq among its portfolio, said its board [...]
Lloyd’s backs £40m transactional risk MGA targeting private capital Insurance Syndicates in the world’s leading insurance and reinsurance market, Lloyd’s of London, have agreed to provide up to £40m of risk capital per policy to back a new managing general agent in the City focused on the private capital sector. Alpha TR, a speciality insurance managing general agent (MGA), launched on Monday as a Lloyd’s [...]
Addison Lee founder defeated in £20m non-dom tax dispute September 18, 2026 The founder of premium minicab firm Addison Lee has failed to overturn a £20.5m tax bill from HMRC after arguing that he should be treated as a non-dom in spite of having lived in England for most of his life. Sir John Griffin, aged 84, who was born in England in 1942 to Irish parents [...]
‘Hound of Hades’ private equity firm pursues Aldermore September 17, 2026 Private equity firm Cerberus has teamed up with Warburg Pincus on a joint bid for alternative lender Aldermore, City AM can reveal, in a sale process that could value the company at more than £1.4bn. The US private equity firm, named after the Hound of Hades, a three-headed dog that guards the gates of the [...]
From due diligence to market mapping: Private capital is leaning on AI September 16, 2026 Private equity and venture capital firms are handing over administrative and back-office tasks to artificial intelligence agents in order to shift staff focus to more pressing matters. AI is becoming increasingly embedded across the UK private capital industry, with nine in ten firms now using the technology to support at least one business activity, according [...]
How the NHS backlog fuelled a private equity gold rush in UK health market September 8, 2026 Private equity firms are circling the UK’s healthcare market as NHS backlogs push a wave of patients towards private providers, experts have said. Britain’s biggest private hospital operator, Spire Healthcare, which operates 38 private hospitals, on Sunday agreed to a £1bn takeover by Toscafund Asset Management. Earlier this year, private healthcare property firm Assura agreed [...]
McGill and Partners staff to benefit from EQT’s $2bn insurance broker deal September 4, 2026 Speciality London-based reinsurance broker McGill and Partners has agreed to a $2bn (£1.48bn) investment by private equity giant EQT. Founded in May 2019 by industry titans Steve McGill and John Lloyd, the firm handles high risks for corporate and institutional clients. In seven years, the broker has grown revenues to more than $250m and expanded [...]
Former Interpath Advisory chair takes helm at sustainability consultancy after chief executive exit September 1, 2026 Interpath Advisory’s former chair will lead the City-headquartered, sustainability-focused consultancy Anthesis Group as its new chair, as its chief executive steps down. Tamara Box, previously City law firm Reed Smith‘s managing partner for Europe and the Middle East, is set to take on the new chair of Anthesis Group’s board of directors this week after [...]
‘Big hitter’ Baldock readies Boots makeover August 31, 2026 As workers across the City return to their desks after the summer holidays, one executive is starting somewhere new. Alex Baldock, the former boss of Currys, will take his place as chief executive of health and beauty retailer Boots on Tuesday, City AM understands. The group, one of the UK’s biggest and best-known retailers, has [...]