Canary Wharf has surprised us all, beating the City of London for the best child-friendly Easter weekend activities March 23, 2016 The financial district may be a dull, grey, and grown-up affair during the working week, but folks in the Square Mile and Canary Wharf are pulling out all the stops to make this weekend a cheery, child-friendly Spring celebration. What says family fun better than hunting for colourful eggs surrounded by slabs of concrete? Canary [...]
Who throws the best parties, Formula One or Formula E? The answer might surprise you… July 11, 2016 When it comes to Formula One, I feel like I lived through a golden era. I’m not just talking about the racing, I’m talking about the after-parties. When Red Bull launched their own F1 team in 2005 it was my job to cover not only what occurred on track and in the paddock, but what [...]
City Moves for 18 March 2016 | Who’s switching jobs March 18, 2016 Traidcraft Traidcraft, which fights poverty through trade, has appointed Robin Roth as its new chief executive. Robin will take up the post on 1 October 2016 after he leaves his role as managing director of Germany-based Gepa, Europe’s largest fair trade company. Andy Biggs, Traidcraft’s interim chief executive, will remain with the organisation as chief [...]
AstraZeneca and HSBC chief executives next in line to face shareholder votes as report condemns boardroom pay practices as “broken” and “not fit for purpose” April 20, 2016 Boardroom pay practice is to be blasted as “not fit for purpose” tomorrow in an Investment Association report. It is published as AstraZeneca is the latest firm facing the prospect of a shareholder revolt over chief executive Pascal Soriot's £8.4m pay package. City A.M. has learned Royal London Asset Management (RLAM), which owns more than £500m, [...]
The City has nothing to fear – and much to gain – from Brexit February 29, 2016 The UK’s continued membership of an increasingly hostile EU is putting the City at risk. The EU is an important market but its significance has been waning. In 2005, 39 per cent of our exports in financial services, pensions and insurance went to the EU, but this has now fallen to 33 per cent. By [...]
Analysts expect improved Monsanto offer – Bayer shareholders might not be too happy about it May 25, 2016 Analysts expect Bayer to make an improved offer for Monsanto. But shareholders of the German company might not be too happy about it. US seed company Monsanto rejected Bayer's $62bn (£42bn), or $122 per share, offer on Tuesday, describing it as “incomplete and financially inadequate”. Monsanto did, however, say it was “open to continued and constructive conversations”. Bayer responded [...]
City financier Edi Truell to step down from board of Tungsten March 20, 2016 Venture capitalist Edi Truell is due to step down from the board of e-invoicing group Tungsten Corporation, after offering to buy its assets. Truell will relinquish his role as vice-chairman, having informed the Aim-listed group's board that he wants to take the company private, City A.M. understands. It's expected to be announced in a statement to the London Stock Exchange tomorrow, as was first reported [...]
City Moves for 8 March 2016 | Who’s switching jobs March 8, 2016 Indigo Planning Indigo Planning has appointed regeneration and community engagement expert Mark Teasdale as associate director. Mark has provided consultancy advice to Indigo Planning for more than 10 years, creating its methodology for assessing the socio-economic impact of major, mixed use developments, directing numerous studies assessing the potential economic and social benefits of major schemes [...]
Labour’s Sadiq Khan can’t be trusted to deliver for Londoners – but Zac is a man I can do business with May 4, 2016 When I first became chancellor six years ago, I inherited a British economy and a London economy that were on their knees. It’s why on day one we immediately put a plan in place to rescue the public finances while laying the foundations for recovery. London led that recovery, bouncing back first and fastest. With [...]
City Moves for 13 April 2016 | Who’s switching jobs April 13, 2016 Peel Hunt Peel Hunt, the independent corporate broking, advisory and trading house focused on UK mid and small caps, is pleased to announce the appointment of Simon Gardner-Bond (pictured) to the role of natural resources specialist sales, effective immediately. Simon joins from Investec Asset Management, where he worked for five years as a senior analyst [...]