Medica becomes latest London-listed private equity target in £269m deal April 24, 2023 A medical technology firm which supplies the NHS has become the latest company to fall into the sights of private equity today, as bidders capitalise on low prices and swoop on listed British companies.
Antigone review: Sophocles is dragged into modern London September 16, 2022 While Sophocles may have written his great Athenian tragedy Antigone way back in 441BC, its core themes are enduring, something playwright Inua Ellams makes abundantly clear in this sharp and moving adaptation. Transposed to modern-day London, Ellams’ eponymous heroine is a young British-Pakistani Muslim. We meet her, along with her three siblings, at their local [...]
London’s rebound gets a boost but rest of UK should garner attention May 9, 2022 Crossrail opening and the Bank branch of the Northern line coming back into action within the space of a fortnight? Ambassador, you are spoiling us. Both are great news for the capital’s rebound from the pandemic, and in the case of the Northern line it’s particularly so for the Square Mile. It would perhaps be [...]
FTSE 100 close: London flat after US jobs figures fuels Fed rate speculation August 7, 2023 London’s FTSE 100 opened the week in sluggish fashion as investors take in fears across the pond that the Fed could hike rates again. The capital’s premier blue chip index closed on 7,556.41 points, 0.11 per cent down, while the FTSE 250, which is more aligned with the domestic market, was also broadly flat on [...]
Lack of properties in London’s poshest postcodes sees rental prices soar May 9, 2022 The cost of renting a property located in one of London’s most prestigious postcodes has jumped 28.3 per cent over the previous year, due to a shortage of rental properties and booming demand. There are now 50 per cent fewer rental properties hitting the market than before the pandemic, new figures from LonRes show. The [...]
London expansion picks up pace for Spanish bank Alantra as series of hires give boost to the City July 31, 2023 Spanish investment bank Alantra has made a series of new hires in the year so far as its push into the London market picks up the pace. So far this year it has brought in Graham Nicoll from Barclays to lead its Midlands team while Sulaiman Bosha has joined from Crito Capital as a managing [...]
Congestion to hit London as mourners flock in their thousands September 13, 2022 Congestion is expected to hit London as hundreds of thousands of mourners flock to the capital to pay their respects to the Queen. There are currently up to 750,000 people lining the streets of Westminster queuing to see the Queen’s coffin, in contrast with Westminster Hall’s capacity to process 350,000. Network Rail stations across London [...]
Prezzo shuts 46 branches including four in London as 810 jobs put at risk April 24, 2023 Prezzo will shut 46 loss making sites across the UK including three in London and place 810 workers at risk of redundancy, as soaring energy and a hike in food costs rattle the business. The Italian restaurant chain, which is owned by private equity firm Cain International said that the closures will impact sites where [...]
European IPO tech slump: London comes out on top December 7, 2022 The European tech industry has lost more than $400bn (£327bn) in value as dealmaking ground to a halt this year amid ongoing economic uncertainty. According to a report by London-based Atomico, tech startups across Europe are on track to raise $85bn (£70bn) in funding this year, down $15bn (£12bn) on 2021 levels. The report said [...]
Lloyd’s of London boomers told to move aside and listen to millennials January 19, 2023 Lloyd’s of London must make sure millennials and zoomers are playing a part in creating the marketplace’s future, the trade body that represents Lloyd’s insurers has said. In a new manifesto, the London and International Insurance Brokers’ Association (LIIBA) called for a return to the underwriting room, as it argued younger generations will be vital [...]