Augmentum Fintech pulls back on fresh investment as ‘price correction’ looms July 4, 2022 Fintech venture vehicle Augmentum reported a “strong performance” in its portfolio last year but said it had pulled back on fresh investments in the past six months amid a rout in global tech firms.
Firms could be forced to get rid of staff without clarity on further financial support December 14, 2021 Retailers and hospitality bosses have reiterated calls for fresh financial support measures as trade is hit by Omicron restrictions ahead of Christmas. Businesses said consumer confidence has been hit by the latest headlines, with shops reporting reduced footfall and pubs seeing cancellations of bookings. Londoners are bunkering down in a bid to ensure they can [...]
FTSE 100 rises again after bleak Black Friday November 29, 2021 London’s FTSE 100 has risen up slightly this morning after shedding 3.31 per cent on Friday amid the new coronavirus variant scares. The market movements come as the World Health Organisation and Coronavirus experts around the world called this morning for countries to drop travel restrictions and end mass hysteria – and instead be cautiously [...]
City broker Peel Hunt to IPO on UK’s AIM by end of the month September 14, 2021 Peel Hunt, the London broker for mid and small-cap companies, is to float on London’s AIM market following a pandemic-fuelled trading boom. The employee-owned group has announced it will go public by the end of the month, in a bid to raise money for its expansion plans, which include a move into Europe. As well [...]
Landsec and Blackstone ink near £200m London property deal November 12, 2021 Land Securities Group has inked a nearly £200m deal with Blackstone to sell off its London property Harbour Exchange, a data centre which hosts offices. The £196.5m move forms part of Land Securities’ wider portfolio reshuffle plans – after the pandemic diluted the valuations of some retail and office spaces. “Through this disposal, we [...]
London market boosts insurer Hiscox November 2, 2021 Hiscox this morning said its gross premiums written for the first nine months of the year is up 6.1 per cent to to $3.46bn. Its London market did particularly well, with gross written premiums up 7.1 per cent. Huge weather events continue to play a large part in the global insurance and reinsurance market and [...]
City blows away gloomy Brexit forecasts as profits soar at fastest rate since 2015 January 13, 2022 The City is blowing gloomy forecasts that Brexit would hit its financial services industry out of the water, reveals a fresh study released today. Profits at the Square Mile’s biggest banks, brokers and insurers are accelerating at the hottest pace since before Brexit, according to the UK’s leading business group. City firms’ resurgence will help [...]
City Moves: Who’s switching jobs in the Square Mile? July 15, 2022 City A.M.’s Millie Turner provides a roundup of the most important hires and job moves across the City, every morning. Email citymoves@cityam.com to be featured. Westwind Capital London-headquartered Westwind Capital, a new European private equity real estate investment platform has appointed a chief financial officer and chief operating officer, as it builds out its C-suite. Stepping into both roles, Mark Terry brings [...]
Linen firm Julian Charles changes course after appeal to younger consumers September 28, 2021 Bedding retailer Julian Charles has revealed a successful turnaround at break-even position after posting a multi-million pound loss. The linen firm hit an EBITDA break-even point in the six month period ended April 2021, under new ownership by SKG Capital. Appealing to younger customers with new designs had helped the business reverse its fortunes, it [...]
Week ahead: City eyes potentially ‘staggering’ inflation figures May 15, 2022 The City will turn its gaze to what is likely to be another tranche of “staggering” inflation data in a week bulging with economic and corporate updates. London’s premier FTSE 100 index whipsawed last week, dropping sharply on Monday before finishing the week up 0.41 per cent at 7,418.15 points. The mid-cap domestically-focused FTSE 250 [...]