London-based Fasanara Capital launches $350m crypto VC fund May 11, 2022 London-based asset manager Fasanara Capital is betting big on crypto with the launch of a $350m (£283m) dedicated fund.
H&M axes four UK stores outside London as retailer warned it needs to ‘raise its game’ to differentiate from rival fashion chains February 1, 2023 H&M has announced plans to shutter four of its stores across the UK due to a “rapid change” in customer behaviour. None of the fashion retailers’ London sites have been impacted by the move, however stores in Hartlepool, Maidenhead, Newport in Isle of Wight and Burton are set to close. A spokesperson for H&M UK [...]
The new landlord in town: John Lewis to build homes on two London Waitrose sites June 9, 2022 John Lewis is preparing to pitch itself to Londoners as an affable landlord, revealing plans for two rental developments at Waitrose sites in the city. The retailer set out early plans to for build to rent developments in Bromley and West Ealing in London, as well as a vacant John Lewis warehouse in Reading. The [...]
NQ salary war: What are young lawyers being paid in the City? May 14, 2024 Starting salaries for laywers have jumped in the past year as London's employeers battle for talent.
Transport for London debt downgraded by ratings agency due to “uncertain” financial future May 9, 2022 A MAJOR ratings agency has downgraded Transport for London’s (TfL) debt due to the “uncertainty” of its long-term funding, in a further sign of the financial difficulty the operator finds itself in. Moody’s announced it had downgraded TfL’s long-term debt as a result of weaker economic growth and higher inflation delaying the service’s return to [...]
Confidence in London’s financial pulling power remains high among wealthy Brits October 19, 2021 High-net-worth-individuals (HNWIs) in the UK have a positive outlook for the prospects of the economy with most singling out London as the driver behind UK Plc, according to new data shared with City A.M. this morning. Confidence in London’s financial pulling power remains, with 68 per cent saying that London will continue to be Europe’s [...]
Rare sighting: UK homecare provider mulls summer listing June 11, 2024 Hales Group, a provider of homecare in the UK, is considering floating on London's AIM market this summer.
Foreign investors pile into London’s green dream, making it the ‘cleantech’ capital of Europe October 19, 2021 London was the leading city in Europe for ‘cleantech’ projects last year, with investors piling into the cause as the UK chases its net zero target and maps its ‘levelling up’ agenda. The UK snagged one in six of all foreign direct investment that came in behind cleantech last year, according to Big Four firm [...]
London economy squeezed by inflation grip in sign of looming UK-wide slowdown May 9, 2022 London’s economy is being choked by intensifying inflationary pressures in a sign that the rest of the UK is headed for a period of weaker growth, reveals a fresh survey released today. Concerns about a reduction in consumer spending in response to the worst cost of living crunch in 30 years has pushed London business [...]
Swapping Silicon Valley for Kings Cross: Nick Clegg becomes latest Meta boss to head to London August 3, 2022 London appears to be becoming the new Silicon Valley for Meta, as Facebook’s parent firm’s president of global affairs Nick Clegg makes his way back to the capital. The news comes just a day after the Financial Times leaked the fact that head of Instagram Adam Mosseri would be moving across the pond. It is understood [...]