Number 10 slaps down London minister for saying people can ignore Covid app July 20, 2021 Downing Street has quickly slapped down London minister Paul Scully for saying it is optional to self-isolate after being pinged by the NHS Covid Test and Trace app. A Number 10 spokesperson said it is “crucial people isolate when they are told to do so” in a clear rebuke to Scully. The minister said this [...]
UK antitrust chief relies on EU in global drive to regulate big tech November 26, 2021 The head of Britain’s antitrust watchdog said he plans to pick his battles with tech companies carefully as the EU takes a leading role.
Exclusive: HMV’s new owner on where he wants to take his High Street stores July 29, 2021 Music and entertainment retailer HMV confirmed last week plans to open 10 new stores, including a flagship London site. Following its decline into administration two years ago its Oxford Street store – along with many others – were closed. However, new owner Doug Putman, a Canadian music retail executive, bought the struggling business and believes [...]
City Moves: Who’s switching jobs in the Square Mile this week? September 15, 2021 City A.M.’s Millie Turner provides a roundup of the most important hires and job moves across the City, every Wednesday afternoon. Email citymoves@cityam.com to be featured. Falcon posts City veteran Joe Nally to board Falcon Oil & Gas has posted Cenkos co-founder Joe Nally as a new non-executive chairman to the board of the company with immediate effect. Nally, a City veteran, [...]
Vitol snaps up Vivo Energy in $2.3bn acquisition November 25, 2021 The Dutch company will take full control of the UK-based energy firm, which has a network of about 2,330 service stations across Africa.
Exclusive: Business chiefs call for long-term TfL funding to support return to work June 25, 2021 The government must agree a sustainable long-term funding deal for Transport for London (TfL) to help support the capital’s post-pandemic recovery, business chiefs have urged. In a new report seen by City A.M., lobby group London First said maintaining public transport services in the capital was “vital” in rebuilding confidence and supporting the shift to [...]
Mulberry ramps up sustainability pledges as retailers scramble to boost environmental reputations April 20, 2021 Mulberry has become the latest retailer to ramp up its sustainability measures as the spotlight on environmental and social issues has intensified in the wake of fast fashion scandals. The designer accessories brand today announced it will buy back, resell or repurpose any Mulberry bag when it becomes unusable. It has also pledged to achieve [...]
Forward Partners confirms £36.5m AIM listing July 13, 2021 Tech-focused venture capital firm Forward Partners will list on London’s AIM market later this month with a market capitalisation of £134.6m. The firm said that its listing was oversubscribed, and would raise proceeds of £36.5m, which it will use to fund future investments. Blackrock and Draper Espirit are both backing the listing, having committed to [...]
London markets dragged down by tax hikes as City mulls impact on portfolios September 8, 2021 The wave of tax hikes launched by prime minister Boris Johnson weighed on London markets today as investors mulled the implications of higher dividend taxes on their portfolios. The capital’s premier index dropped 0.75 per cent to close at 7,095.53 points, while the mid-cap FTSE 250 slid 1.03 per cent to 23,848.89 points. Markets were [...]
Shoppers flock back to the West End in grand reopening of London April 19, 2021 Following the easing of the lockdown the number of shoppers and visitors heading to the West End was more than expected, as shops in central London opened for the first time in months. In the first week following the easing of lockdown restrictions footfall in the West End stood at around 54 per cent of [...]