London Calling: Why we back the City June 10, 2021 London remains one of the preeminent financial centres of the world. For some this statement is an outdated notion which forgets the turmoil of recent years. Brexit, relatively unstable governments, and the pandemic have all contributed to a misplaced sense of decline. However, for all the drama of the past few years, if you step [...]
Brandon Lewis: Former Tory chairman to join firm co-founded by sanctioned Russian billionaires October 25, 2023 Lewis will join the London-based firm, co-founded by billionaires Mikhail Fridman and Petr Aven, as an advisor.
LV= to review new Royal London takeover offer after £530m Bain bid scrapped by members December 12, 2021 Insurance mutual LV= will this week assess a takeover offer back on the table from rival Royal London after its members last week rejected a £530m takeover bid from US private equity giant Bain. In a vote on Friday, 69 per cent of LV=members who voted supported the deal with Bain – but they fell [...]
Sadiq Khan confirms TfL budget after £250m cash injection — but ‘difficult decisions’ made December 22, 2023 Transport for London’s (TfL) proposals are now “on track to be financially sustainable”, after the government announced a fresh boost.
Listed company TClarke behind Theatreland’s stage lights to go private April 17, 2024 TClarke, the London-headquartered firm which powered the world’s first electrically lit building - the Savoy Theatre - is to head into private hands.
Renting remains cheaper than buying in UK as mortgage rates soar June 17, 2024 The financial burden is greatest in London, where buying a house costs an additional £775 per month, or £9,300 annually, compared to renting.
GSK waves goodbye to West London as breakup begins with new £120m HQ October 11, 2021 GlaxoSmithKline will move its global headquarters to a new £120m site, as the pharmaceutical giant prepares to split up its empire into two separate businesses. The company today announced plans for a shiny new £120m headquarters in Weybridge for its new independent consumer healthcare company. Remaining pharmaceuticals and vaccine staff will also relocate from the [...]
Talent agency that looks after Simon Cowell, Graham Norton and Claudia Winkleman sold for £60m March 19, 2024 The London talent agency that represents the likes of Simon Cowell, Graham Norton and Claudia Winkleman has been sold for £60m.
London markets boosted by rallying bank stocks as rate hike bets lift sentiment toward sector November 22, 2021 A rally among banks boosted London markets this morning as sentiment toward the sector improved on strengthening prospects of the Bank of England hiking rates. The capital’s premier FTSE 100 index climbed 0.49 per cent 7,258.91 points, while the mid-cap FTSE 250 added 0.30 per cent to 23,561.92 points. The likes of Barclays, NatWest and [...]
Agriculture giant Olam looking to raise £2bn in London food ingredients IPO October 6, 2021 Olam International, the global agricultural commodity trading giant, is considering raising £2bn through the IPO of its London-based food ingredients unit next year, the firm has announced this morning. Five global banks have been appointed to work on the IPO, which would likely rank among the biggest offerings in London over the last few years. [...]