THG brings in new finance chief ahead of bleak looking year January 24, 2023 E-commerce giant THG has hired Damian Sanders as its new chief financial officer amid a recent slew of negative earning reports and a collapse in share price. Following a global search, the troubled British firm has landed on Sanders as the replacement for John Gallemore, who is moving over to the role of chief operating [...]
St James’s Place suspends property fund as investors pull cash and demand falls October 23, 2023 Wealth manager St James’s Place has suspended one of its property funds amid a flurry of withdrawals from clients and a “fall in demand” for commercial property in the UK.
Government borrowing ahead of expectations in blow for hopes of tax cuts April 23, 2024 Jeremy Hunt has said the Conservatives will cut taxes again in the autumn "if we can", with some reports suggesting he's considering another 2p cut to National Insurance.
Liz Truss: Bank of England mandate should be reviewed after inflation failures September 18, 2023 Former Prime Minister Liz Truss reiterated her claim that the Bank of England should have its mandated reviewed due to its failures to get a grip on inflation.
Neil Bennett: Singapore is too full of life for UK to ignore February 29, 2024 The notebook is a place for City movers and shakers to get things off their chest. Today it's Neil Bennett, the global co-CEO of H/Advisors, writing for us from Singapore
JPMorgan’s dealmaking flurry being scrutinized by US regulator – reports April 7, 2023 JPMorgan Chase is being scrutinized by U.S. regulators for the due diligence the bank conducted on a number of its past acquisitions, the Financial Times reported on Friday, citing people familiar with the matter. The Office of the Comptroller of the Currency (OCC) in the U.S. scheduled a specific audit of JPMorgan’s deal making after the bank [...]
Israel to defend itself at court over Gaza ‘genocide’ claim January 2, 2024 Israel's decision to respond to the charge signals that the government is concerned about the potential damage to its reputation.
Workspace says it’s not all doom and gloom for the capital November 15, 2022 Workspace said that despite the “economic doom and gloom”, the capital was still splashing the cash on offices. The London focused flexible working space said profits after interest climbed 33.5 per cent to £29.1m in the half year, driven by a 36.8 per cent (£15.1m) increase in net rental income to £56.1m and ongoing demand [...]
Having your cake and eating it! Three lucky winners receive sweet treats in City A.M. competition January 19, 2023 Three lucky City workers received yummy cakes from award-winning London bakery Cutter and Squidge after teaming up with City A.M. The special delivery to three Square Mile workers took place after this paper ran a competition in response to comments by the boss of the food regulator about cakes. And we take these things very personally. [...]
Tory heavyweights endorse former Boris Johnson adviser to run for London mayor April 25, 2023 A former Downing Street adviser to Boris Johnson has emerged as the Conservative front runner for London mayor next year after earning the backing of three party heavyweights. Energy secretary Grant Shapps and Northern Ireland Office minister Steve Baker, along with former home secretary Priti Patel, announced on Monday they were endorsing Samuel Kasumu to [...]