Shell rakes in hefty profits as it announces $8.5bn buyback plan February 3, 2022 Shell has raked in $6.4bn in profits over its fourth quarter, while completing $1.7bn of share buybacks following its move to London.
THG rally provides some relief for Moulding January 26, 2022 Shares in beleaguered e-commerce firm THG rallied today following a difficult two weeks which has seen the firm’s share price plummet to over 85 per cent below their initial flotation price.
Boohoo opens first owned factory in ‘new chapter’ amid international market challenges January 26, 2022 As Boohoo opens its first owned factory in Leicester, the company will be hoping to take a positive step forward after a miserable two years. The fast fashion retailer said its new 32,000 sq ft factory in Thurmaston Lane, Leicester, was “proof of its commitment to the city of Leicester and ethical British manufacturing.” The [...]
City Moves: Who’s switching jobs in the Square Mile today? September 24, 2021 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. BNP Paribas Asset Management BNP Paribas Asset Management (BNPP AM) has hired Maya Bhandari as Global Head of Multi-Asset, who will join the firm at the beginning of November. Based in the capital, Bhandari will report [...]
Range of investors circle Teesside superport as offers could hit £2bn August 30, 2021 The battle to win a £2bn takeover of Britains fifth largest port, Teesside’s PD Ports, has gained the attention of numerous investors. The site which was recently awarded a low-tax freeport status has become a target for the Duke of Northumberland’s Northumberland Estates, Legal & General, Credit Suisse joined with the Pension Insurance Corporation. Teesport [...]
Bankers, lawyers and advisers set to enjoy £300m in fees from Morrisons sale July 23, 2021 Over £300m in fees stands to be gained by those involved in the £6.3bn sale of Morrisons, documents have revealed according to a report. Shareholders in Morrisons will vote on a £6.3bn takeover bid from a trio of private investment groups led by SoftBank-owned Fortress on 16 August. If the deal goes ahead, private equity [...]
‘What I Know Is…’: black professionals share their experiences July 20, 2021 One of the main reasons for the under-representation of black professionals in investment management is the lack of knowledge and information about joining the investment profession and the opportunities that it can deliver. For the financial sector which is increasingly focused on sustainability and where corporates are increasingly rewarded for good ESG policies, ensuring that [...]
Tesla hits record deliveries despite chip shortage July 2, 2021 Electric carmaker Tesla posted record vehicle deliveries for the second quarter as the firm handled the worldwide semiconductor shortage through sales of its cheaper models. The results were in line with analyst expectations, as the firm cooed the supply crisis better than many of its more established rivals. However chief executive Elon Musk has warned of [...]
Music fund Hipgnosis to raise £150m for song-buying spree June 16, 2021 Hipgnosis is set to raise a further £150m through a share placing as the music royalties firm continues to cash in on the booming value of song rights. The London-listed company today said it will raise the funds through the placing of 124m new shares priced at 121p each. This represents a 2.4 per cent [...]
UK Residential Reit looks to raise £150m in stock market float June 2, 2021 The UK Residential Reit today unveiled plans for an initial public offering on the London Stock Exchange as it looks to cash in on the UK’s housing shortage. The real estate investment trust, which was set up to invest in privately rented residential properties outside London, is targeting total proceeds of £150m plus an issue [...]