Three lessons law firms can learn from rivals’ collapses amid coronavirus April 30, 2020 Law firm collapses are a lot like bank runs. Confidence in the institution crumbles, causing partners to rush for the exits – taking their capital and clients with them. Partner departures reduce the firm’s revenue, profit and capital, leading to further partner exits in a destructive feedback loop. Once firms enter this death spiral it [...]
Tech firms slam ‘simplistic’ copyright reforms passed by European Parliament March 26, 2019 Tech firms have launched an attack on new copyright rules voted through by the European Parliament today, saying they could damage both competition and freedom of expression. Tech UK, which represents more than 900 tech companies across the country, slammed the new regulations, describing them as “simplistic solutions to complex problems”. Read more: European Parliament [...]
Asian investors put stamp on London skyline with massive trophy deals December 3, 2018 LONDON’S most valuable buildings are being dominated by Asian investors, who have grabbed half of all £1bn-plus property deals over the last five years, it has been revealed. Of the ten London properties which sold for more than £1bn since 2013, investors from Hong Kong snapped up three, including the Walkie Talkie and UBS’s Liverpool [...]
Uber ‘picks New York Stock Exchange’ for IPO over FAANG favourite Nasdaq March 22, 2019 Uber is reportedly set to list on the New York Stock Exchange as it gears up for what is expected to be one of the biggest stock market debuts of 2019. Read more: High Court strikes down black cab appeal against Uber's London licence The ride-hailing app’s initial public offering (IPO) is due in April, [...]
Brexit will require major review of financial services regulation, claims IRSG and Linklaters report December 8, 2017 Brexit will force an overhaul of the UK’s regulation of financial services, creating new checks and balances to ensure the system remains “proportionate, coherent and fit for purpose”, a new report argues. Rule-making currently exercised jointly by the European Parliament and member states through the Council of Ministers and responsibilities from the European Supervisory Authorities [...]
Ride-hailing app Lyft set to raise $2bn in New York float March 18, 2019 Ride-hailing platform Lyft expects to raise as much as $2bn (£1.5bn) when it floats on the New York Stock Exchange later this month. In a filing the firm said its initial public offering (IPO) will consist of 30.7m shares priced between $62 and $68, meaning it could raise a total of $2.4bn. Read more: Lyft [...]
London Stock Exchange Group leads $20m Nivaura funding round February 27, 2019 Fintech firm Nivaura has closed a $20m (£15m) seed capital round led by London Stock Exchange Group. The London-based company, which provides blockchain technology for digital investment banking platforms, will use the funding to rapidly expand its leadership, business development and technical teams. Read more: Revolut pushes ministers for fast-track tech visas The company also plans to [...]
If Brexit has taught us anything, it’s that we need to be bold when it comes to world trade April 8, 2019 A little over two years ago, the first direct rail freight service from China to the UK rolled into Barking’s 165-year old station to much fanfare. Of course, the completion of this mammoth 18-day, 7,500-mile trip from the Chinese city of Yiwu marked the moment that the Belt and Road Initiative (BRI) reached the UK. [...]
City Moves for 22 March – who’s switching jobs at Rabobank, Legal & General and Exterion Media? March 22, 2019 Who’s on the move? Rabobank Rabobank, the global food, beverage and agribusiness bank, has appointed Thomas Levin as senior coverage banker in its global corporate clients team, based in London. Thomas brings more than 13 years of experience in corporate and investment banking. He joins from Mizuho Bank where he was responsible for originating M&A [...]
Brexit breakthrough: How the City responded to the deal October 17, 2019 Westminster was engulfed in drama this morning as Prime Minister Boris Johnson revealed he had secured a last-minute Brexit deal with the EU. European Commission president Jean-Claude Juncker heralded the breakthrough as a “fair and balanced agreement for the EU and the UK”, and Johnson has urged MPs to pass the agreement during a special [...]