London Square inks £400m deal to buy final phases of Nine Elms development December 13, 2021 Residential developer London Square has inked a £400m deal to buy the final three phases of the Nine Elms Park development site in Battersea, south London. London Square has also agreed a partnership deal with build-to-rent developer Moda Living on land for two buildings on the site. London Square has exchanged contracts on a total [...]
Mark Kleinman’s must-read column: Apollo, Ofgem and Hargreaves Lansdown May 18, 2023 Mark Kleinman is Sky News’ Business Editor and writes a must-read column for City A.M. on the biggest business stories of the week Apollo’s failed missions will make take-private landings harder Apollo and ground-breaking missions of accomplishment have long been synonymous. Right now, for the US-based investment firm of the same name, simply getting the [...]
UK deal making scales to 14-year high as PE firms scramble to deploy dry powder December 29, 2021 Private equity firms scrambling to deploy a wave of dry powder amassed before the Covid-19 crisis has lifted UK takeovers to their highest level in 14 years, reveal new figures released today. The overall value of deals involving UK companies jumped 10 per cent to $630.8bn this year, the highest print since 2007, according to [...]
Australia cancels Novak Djokovic visa as minister tells tennis star to get out January 14, 2022 News is coming in from down under is coming in that Novak Djokovic has had his Australian visa cancelled for a second time. The world number one had been waiting since a judge overturned the original decision on Monday to find out whether Immigration Minister Alex Hawke would use his powers to reimpose the penalty. [...]
World no1 Djokovic denied entry to Australia over visa complications January 5, 2022 World no1 tennis star Novak Djokovic has been entry to Australia over a visa mix-up. This comes after the Serbian was granted a controversial medical exemption from the Covid-19 vaccination. As it stands, Djokovic is unable to pass through passport control after a visa mix-up relating to those with medical exemptions. It is uncertain as [...]
Hostelworld investors revolt over CEO pay and political donations April 26, 2021 More than a quarter of Hostelworld investors have rebelled against the pay deal for bosses at the pandemic-hit firm. The global hostel operator said that 29 per cent of shareholder votes were cast against an amendment to its remuneration policy after generous incentive schemes were criticised. Shareholder advisory group ISS had recommended that investors vote [...]
New York-based Apollo Global Management mulls buyout of Marks & Spencer November 22, 2021 Private equity giant Apollo Global Management is reportedly mulling a buyout of UK high street staple Marks & Spencer.
City Moves: Who’s switching jobs in the Square Mile? March 23, 2022 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. Capital Group Capital Group has hired a head of product development for Europe and Asia, a newly created role for the investment firm. Based in London, Kat Ferris joins from Morgan Stanley Investment Management, where she was head of international product for four years. [...]
Allegations Novak Djokovic lied about travel history before coming to Australia as questions emerge over tennis star’s declaration form January 11, 2022 The declaration form Novak Djokovic filed to travel to Australia is under scrutiny following allegations he may have answered incorrectly. On the form, filed on January 1, Djokovic answered “no” to the question: “Have you travelled, or will you travel, in the 14 days prior to your flight to Australia?”. Djokovic flew to Melbourne from [...]
The supermarket wars are in full swing and Tesco is beefing up to fight its turf December 1, 2021 I last saw Sir Terry Leahy in 2013, two years after his messy divorce from Tesco. He agreed to a chat about retail on the condition he wouldn’t have to talk about the supermarket juggernaut he helped to create or his successor, Philip Clarke, who’d begun to question the state of the business he’d been [...]