London hedge fund trader hiding in Dubai told to pay staggering £1.1bn to Danish taxman September 16, 2022 A British hedge fund manager and financier was slapped with a tax bill of more than £1bn. The man, accused by Denmark of masterminding a massive tax fraud, has been ordered by a Dubai court to pay Copenhagen’s tax authority £1.1bn, court filings show. The order by the Dubai Court of Appeal against Sanjay Shah [...]
London energy startup Dare poaches former Monarch and Betfred finance whizz Barry Nightingale July 14, 2022 London-based energy tech company Dare revealed to City A.M. it has recruited Barry Nightingale as its new Chief Financial Officer, in what is said to be a major hire as the fundraising expert gained worked for a range of large UK firms. Nightingale previously held positions, including Chief Financial Officer and Finance Director, at Wejo, The Restaurant Group, [...]
City of London energy bills among the cheapest in the capital February 11, 2022 Boiler Central suggest City of London residents have the third-cheapest energy bills in the capital, compared to the surrounding London boroughs.
Exclusive: Unicorn Bank of London announces new deputy chief executive April 14, 2022 A new deputy chief executive has been appointed by the Bank of London, the second clearing bank to launch in the UK within the last 250 years. Tom Wood has joined the technology-based company which landed with a bang last year, being valued at £1.1bn. The first pre-revenue bank to reach unicorn status upon entering [...]
Talented duo Israr and Mist can confirm priceless London Gold Cup form June 15, 2022 THREE-year-old handicaps are often notoriously difficult to solve, with many unexposed horses all potentially ahead of their opening marks. However, playing on the World Pool with tote.co.uk is perfect in these situations as it allows you to stick several horses together in a Quinella, offering the chance of a big return. This season’s Coronation Cup [...]
Sanctions bite: London-listed Russian mining firm Petropavlovsk to suspend trading and file for administration July 12, 2022 London-listed Russian gold mining firm Petropavlovsk will cease trading and file for administration after revealing it was unable to repay a $201m (£169.3m) loan to a sanctioned bank. Sanctions against Kremlin-linked firms continued to bite this week, with the Petropavlovsk in debt to Gazprombank, that has been targeted over the war in Ukraine. The bank [...]
Major League Baseball to consider increasing number of London games to three or four May 13, 2022 Major League Baseball could increase the number of games per season that it stages in London after it stepped up its commitment to the capital. MLB made its UK debut in 2019 with a double header at the London Stadium that the competition’s chiefs deemed a great success. It confirmed this week that it is [...]
The Notebook: Michael Hayman on getting Britain’s trade mojo back March 28, 2024 Every day we invite London's movers and shakers to hold the notebook pen
London markets continue to drop but banks jump ahead of BoE rate rise June 14, 2022 London markets continued to slip today after Monday’s bruising session, but losses were tempered by the UK’s largest lenders jumping ahead of another expected rate hike from the Bank of England tomorrow. The capital’s premier FTSE 100 index fell 0.25 per cent to 7,187.82 points, while the domestically-focused, mid-cap FTSE 250 index, which is more [...]
London’s tech success can be the backbone of the nation’s economy as growth wavers June 14, 2022 Across the western world economies face big structural challenges: growth, productivity, inflation and real wage levels. The holy grail of economic policy is how to break out of this cycle. As Tech Minister, I believe the UK must throw everything behind being a science and tech superpower. Just as our economy was transformed by Thatcher [...]