Brussels gives City firms extension on clearing deadline November 10, 2021 Brussels has yielded to demands from City firms to allow them to continue to provide a crucial service that keeps financial markets well oiled. The European Union has given British financial institutions more time to provide crucial clearing services to clients in the bloc. The extension was granted due to a lack of capacity within [...]
How the City is celebrating King Charles III’s Coronation: An ancient sceptre, velvet robe and glowing Tower Bridge May 5, 2023 The Square Mile is set to play a crucial role in His Majesty King Charles III’s Coronation weekend, with 700-year-old traditions including an ancient crystal sceptre given to the City by Henry V and regal robe from Queen Elizabeth’s crowning in 1953. City of London Corporation head, Lord Mayor Nicholas Lyons, will be participating in [...]
City Moves: Who’s switching jobs in the Square Mile this week? March 11, 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. Laing O’Rourke Construction company Laing O’Rourke has posted a former specialist adviser to the House of Commons Science & Technology Committee to its board. Dr Hayaatun Sillem, CEO of the Royal Academy of Engineering, brings a wealth [...]
Pfizer injects £77m into Valneva, days after French firm settles dispute with UK government June 20, 2022 Pfizer will inject $95m (£77.6m) into French pharmaceutical firm Valneva for an eight per cent stake, just days after the French pharmaceutical firm settled a Covid-19 dispute with the UK government. Pfizer, a Big Pharma firm behind one of the world’s Covid-19 vaccines, has entered an equity subscription agreement with Valneva, as it plans to [...]
UK house prices hit new highs with typical home topping £250k November 3, 2021 House prices have hit record highs, with the average property hiking more than £30k since the pandemic struck. Nationwide’s House Price Index was published against a backdrop of the Bank of England being anticipated to raise interest rates in response to rising inflation. The typical UK home has topped a quarter of a million pounds [...]
Vincent Keaveny sworn in as City of London’s 639rd Lord Mayor November 13, 2021 Vincent Keaveny has been sworn in as the 693rd Lord Mayor of the City of London, serving as the elected head of the City of London Corporation and a global ambassador for the UK-based financial and professional services industry until November 2022. Keaveny, 56, and his wife Amanda have taken up residence in the Mansion [...]
City should brace itself for €900bn Brexit hit if Brussels plays clearing politics – CityAM : CityAM September 17, 2021 The City and several financial services groups in Brussels are lobbying for an extension to clearing house access beyond June of next year. Yesterday, a trio of major lobby groups for Europe’s finserv sector called on Brussels to extend the EU’s access to London clearing houses amid warnings of financial instability. The groups wrote to [...]
Private equity acquisitions of professional services firms up 179 per cent in 2021 February 6, 2022 Private-equity funds have increasingly begun to buy up professional services firms, as they face mounting pressure to deploy their capital quickly in the face of economic uncertainty. The number of private-equity backed acquisitions of UK professional services firms more than doubled over the previous year, from 19 in 2020 to 53 in 2021, according to [...]
Ready to go to battle at Cheltenham March 10, 2024 THERE is an unread copy of the Racing Post sitting on Ben Keith’s solid oak desk. We are in Marylebone in his beautiful London flat just days before the biggest horse racing festival of the year gets under way in the Cotswolds. As the owner of Star Sports, he will stand tall on his company’s [...]
The Square Mile and Me with Michael Barrington-Hibbert: ‘Headhunted’ at the market stall to a love for Leadenhall June 15, 2023 Each week we ask a City figure to take a trip down memory lane. Today, it’s Michael Barrington-Hibbert, founder and CEO of executive search firm Barrington-Hibbert Associates What was your first job? When I was 13 years old, I worked at a fruit and veg stall in Wembley after school which led to me being [...]