London tie-up: Liontrust acquires Majedie Asset Management for up to £120m December 7, 2021 Liontrust Asset Management said this morning that it has agreed to acquire its London peer Majedie Asset Management, in the latest example of a trend of consolidation in the industry. FTSE 250 boutique firm Liontrust said it will pay an initial £80m for Majedie, plus an additional deferred consideration of up to £40m. Due for [...]
Gove the gardener: Are plans for a Tulip tower in London set to bloom again? October 17, 2021 Tulip fever is heading to London, with housing secretary Michael Gove tipped to overule London mayor Sadiq Khan’s decision to squash plans for a flower-inspired skyscraper in the City. Gove is expected to give the plans for a 300m tower the OK, the Telegraph reported, which would overturn Khan’s 2019 decision against the Tulip. At [...]
City leaders turn to AI bots to fight financial crime April 15, 2024 Half of leaders in the City of London use AI to access financial advice, according to new research.
Financial services were forgotten by Brexit and London deserves better September 21, 2021 I have always been optimistic about London’s ability to bounce back from the terrible economic impact of the coronavirus pandemic. The good news is my optimism was well founded – as we’re already seeing many positive signs. Our “Let’s Do London” campaign is working, enticing Londoners and visitors back to experience all that central London [...]
London energy fund backs pay-per-mile EV taxi funding November 8, 2021 The Mayor of London’s energy efficiency fund (MEEF) has contracted FinTech company Zeti to deliver pay-per-mile funding of net-zero taxis across the capital. MEEF – a £500m investment fund – will make finance payments on a per-mile basis to boost the cash flow of fleet operators. The funding will have as its first beneficiary Colt [...]
London grocery delivery app Dija snapped up by rival GoPuff November 10, 2021 London-based grocery app Dija has reportedly been sold to larger rival GoPuff amid fierce competition in the UK’s nascent rapid delivery market. The startup is set to announce the sale tomorrow, just five months after it launched, Sky News reported. While details of the deal will not be disclosed, the takeover will reportedly value Dija [...]
ProCook London IPO set to stir a near £160m valuation November 10, 2021 ProCook’s upcoming London initial public offering (IPO) is set to secure the gourmet kitchen retailer a nearly £160m valuation. The retailer will offer shares for 145p a piece, which will rally the £158m valuation. “We have been thrilled with the level of interest and support from a range of institutional and retail investors,” CEO and [...]
Watch as half-shredded Banksy picture sells for £18m in London October 15, 2021 A Banksy picture which was half sliced by a shredder concealed in its frame when it was sold at auction fetched £18.4m when it went back under the hammer in the same room in London last night. Watch the full report.
London Luton Airport plans for 1m more passengers given green light December 2, 2021 Luton councillors have approved proposals to expand the airport’s capacity for an additional one million passengers, according to reports. The decision means the fifth busiest airport in the UK will see 19m people a year using the airport for their travel, according to the BBC, which first reported the news. The airport will see an [...]
Omicron hospitalisations skyrocket by 67 per cent in London as new Covid restrictions seem inevitable December 27, 2021 The number of hospitalisations related to the Omicron variant is climbing rapidly across the UK, with a jump of 67 per cent in London alone. Across the UK, there were 36 per cent more hospital admissions in the week ended 24 December. According to the Health Service Journal, hospitalisations for Omicron skyrocket in the capital, [...]