Walkie Talkie sale: Why a foreign buyer for 20 Fenchurch Street would be no bad thing March 17, 2017 Few eyebrows were raised when it emerged a 50 per cent stake in 20 Fenchurch Street, better known as the Walkie Talkie, may be about to go up for sale. The news came a few weeks after its neighbour, the Cheesegrater, was sold for £1.15bn, so you can forgive the Walkie Talkie’s owners for asking [...]
Excessive focus on individual performance is inherently dangerous, says Barry Olliff April 12, 2017 The UK is undoubtedly heading for yet more financial instability. For many, the triggering of Article 50 and the resultant prolonged uncertainty that follows will spring to mind as the primary catalyst. But there is a seldom talked about yet very real danger posed by a more fundamental, institutional problem: the City’s inherently flawed remuneration [...]
The language of love sweet-talks the City February 7, 2017 Parisians are often stereotyped as being a little rude. While this may ring true with anyone who has ever tried to catch a waiter’s eye in one of the city’s restaurants, yesterday it was all charm and warmth as a delegation from the French capital set out their stall to City execs. Paris joins the [...]
City Moves for 1 February 2017 – who’s switching jobs? February 1, 2017 Today's City Moves cover insurance, real estate law and a national tax and auditing outfit. Take a look at these movers and shakers: PWC Paul Delbridge has taken on the role of London market insurance leader at PWC. Paul is a partner with 30 years’ experience at the firm, including three years in New York, [...]
City Moves for 30 January 2017 – who’s switching jobs? January 30, 2017 Today's City Moves cover accounting and business advisory, technology and the world of fine-art financing. Take a look at these movers and shakers: Moore Stephens Damian Ryan has joined top 10 accounting and business advisory group Moore Stephens as a corporate finance partner. Damian has over 10 years of experience in corporate finance in the digital [...]
Behind the deal: These are the bankers and advisers working on the £3.7bn Tesco-Booker tie-up January 27, 2017 Tesco’s £3.7bn deal for wholesaler Booker is an early boost for the UK’s 2017 M&A market, following a rather subdued 2016. Below are details of the bankers and advisers behind the deal. Tesco advisers It’s increasingly difficult to find a big UK deal without a boutique investment bank at its centre. And this £3.7bn merger proved [...]
Investment company targeting Middle East e-commerce floats on Nex February 10, 2017 A new investment company targeting the Middle East e-commerce sector is listing on the Nex Growth Market today. Dealings of ordinary shares on the company, Indigo Holdings, will start at 8am. Read more: British exporters look to Middle East and Asia to avoid Brexit uncertainty The investment firm has raised more than £800,000 from the [...]
Luxembourg doesn’t want to steal London’s finance crown January 24, 2017 If a week is a long time in politics, then seven months is practically a lifetime. That is how much time has elapsed, of course, since Britain voted to leave the European Union, and we are now finally learning what Theresa May and her government want from the complex negotiations that are set to follow the [...]
Bank of America has its eye on Ireland for a post-Brexit base, as the country urges others not to engage in a red tape race to the bottom March 14, 2017 A senior executive from Bank of America has revealed today it is considering making Dublin its main EU base if the UK cannot hold onto certain rights, such as passporting, post-Brexit. The announcement came the same day the country's officials pleaded with other nations not to take part in a red tape bonfire following the UK's departure [...]
Grand Union shake-up: London bar owners appoint advisers for sale January 10, 2017 The owners of trendy London bar chain Grand Union have appointed advisers as they seek to sell the business. Leisure property specialist Coffer Corporate Leisure has been taken on to handle the sale of Grand Union, City A.M. has learned. Read more: Craft beer may have just met its match The chain, which specialises in [...]