London publisher the Folio Society bought by employees for £10m December 2, 2021 London publisher the Folio Society has announced that its 40 employees have bought the company for £10m, in what its bosses called a “progressive, industry-leading” move. The publisher – which has released recent titles including Frank Herbert’s Dune; Margaret Atwood’s The Handmaid’s Tale, and Alice Walker’s The Color Purple – will now be totally owned [...]
Soaring oil prices fuel London markets October 5, 2021 Soaring oil prices fuelled industrial megacaps this morning, pulling London markets away from yesterday’s losses. The capital’s premier index added 0.60 per cent to reach 7,052.75 points during the first couple hours of trading today. The likes of Shell and BP were boosted this morning by oil prices reaching a seven-year high, climbing above $80 [...]
Investigation reveals how dozens were ‘jobfished’ into thinking they worked for London design agency February 21, 2022 An investigation has found that around 50 people got “jobfished” during the pandemic and thought they worked for a glamorous design agency called Madbird. According to a BBC investigation, ‘entrepreneur’ Ali Ayad tricked dozens of people into thinking they were employees of a company called Madbird. He hired employees in sales and design roles, and instructed all [...]
Lloyds of London hands out biggest fine ever following years’ long bullying campaign March 16, 2022 City of London insurance market Lloyds of London today issued its largest fine ever against syndicate member Atrium, after the underwriting firm failed to “adequately protect” a junior employee once it became aware of a “systematic campaign of bullying”. In a notice, Lloyds of London said it had fined Atrium Underwriting a record £1.05m for [...]
Roof of O2 Arena in London ripped to pieces as Storm Eunice batters UK February 18, 2022 The O2 venue in London has been damaged by strong gusts of wind, video footage on social media has shown.
Cabbies call on Mayor of London to block Uber’s licence renewal amid worker rights row March 16, 2022 London cabbies are calling on the Mayor of London and TfL to set tougher worker rights conditions on Uber’s application for renewal of their London licence, which is set to expire on March 27th. According to the App Drivers & Couriers Union (ADCU), Uber has failed to abide by the Supreme Court ruling from February [...]
Timber titans: City of London bosses mull wooden skyscrapers in sustainability push January 23, 2022 City of London planning bosses are reportedly mulling wooden skyscrapers, as developers look to shrink their carbon footprint by moving away from steel and concrete. The so-called ‘plyscrapers’ are popular in Norway, Sweden, Singapore and Japan, and can reach several hundred feet high. The move could invite a host of new architecture to the Square [...]
Fridays owner Hostmore admitted to London Stock Exchange November 2, 2021 Hostmore – the new parent company of restaurant chain Fridays – has started trading on the London Stock Exchange. The group – which oversees 63rd+1st as well as Fridays – announced a demerger had been completed, separating it from Electra Private Equity. Shares were admitted to the London Stock Exchange on Tuesday morning with 126,127,279 [...]
Brookfield taps up London team to expand hedge fund business into Europe January 24, 2022 Canadian investment giant Brookfield Asset Management is expanding its hedge fund footprint into Europe.
Imminent US Fed rate hike cycle to jolt London markets this week January 23, 2022 Strong signals from the US Federal Reserve that a rate hike cycle is imminent at its latest meeting this week could jolt London’s financial markets. The Fed’s Federal Open Market Committee (FOMC), its group of rate setters, are expected on Wednesday to hint that a series rate rises will start in March. The world’s most [...]