London fund set to lose millions following Mike Ashley’s £20m Misguided acquisition June 7, 2022 The London private equity firm that injected £50m into fast fashion retailer Misguided, in the months running up to its insolvency, is set to lose tens of millions on its investment. Alteri Investors is set to lose £20m- £30m after Mike Ashley’s Frasers Group bought the Manchester based retailer for £20m last week, according to [...]
More than 1m people descend on London for first Pride parade since Covid lockdowns July 2, 2022 London hosted its first Pride parade since the beginning of the Covid pandemic on Saturday afternoon, marking its 50th anniversary. Saturday’s parade was the most attended one in the 50-year history of the event, making it the capital’s biggest Pride ever, according to the Mayor of London’s office. The parade started at midday at Hyde [...]
Merger talks between LV= and Royal London break down February 9, 2022 Relations between LV= and rival mutual Royal London have taken another dramatic turn with the companies confirming the collapse of merger talks. LV= said the marriage would not be in the “best interests” of its members while Royal London suggested it was misled into thinking its rival did not have a viable future as an [...]
Capital people: London writer Susie Steiner loses brain tumour battle and dies aged 51 July 4, 2022 The well-known author and journalist Susie Steiner has passed away aged 51, according to a tweet on her account. “Susie died yesterday after being diagnosed with a brain tumour three years ago. She lived with her illness with courage and good humour. She was much loved and will be much missed.” Steinman was diagnosed with [...]
Exclusive: Khan tries to coordinate London hotel accommodation for Ukraine refugees March 10, 2022 Sadiq Khan is in talks to try and coordinate hotel accommodation for Ukrainian refugees set to arrive in London as a part of a similar scheme used to house homeless people during the first Covid lockdown. City Hall has been speaking to the government about how to house those fleeing Russia’s invasion of Ukraine, with [...]
Explainer in brief: Why this year’s Eurovision is the most controversial yet May 9, 2024 Israel's inclusion in this year's Eurovision has sparked backlash, with calls for boycotts and London's major viewing party cancelled.
European law giant CMS hikes salaries for London and UK trainees March 11, 2022 European law giant CMS has given all of its UK trainees a pay rise. The law firm said its London trainees will get a five per cent pay rise, which will see first year salaries upped to £46,725 a year, and second year salaries rise to £52,5250, CMS told City A.M. The law firm will [...]
Uber joins London boroughs in £5m EV charger boost March 9, 2022 Hundreds of new electric-vehicle chargers are set to be installed across north and east London, following an agreement between Uber and three London boroughs.
London notches best year for floats since 2007 January 11, 2022 A wave of listings flooded London markets last year as private firms pushed to capitalise on strong investor demand, reveals new figures published today. Some 121 businesses floated in the City in 2021, the highest volume since 2007, according to research carried out by consultancy EY. Newly listed firms raised over £16bn in the capital [...]
Developers warned: House-building in three West London boroughs stalled until 2030 over lack of power July 29, 2022 Developers in three West London boroughs have been warned they may not have electricity capacity for new homes until 2030. The Greater London Assembly (GLA) wrote to developers in Hillingdon, Ealing and Hounslow this week, airing concerns about “availability of electricity capacity” which could stall new homes. It said power companies were warning developers “electricity [...]