Robbie Gibb consortium wins last-minute bid for Jewish Chronicle after dramatic row April 23, 2020 A consortium led by former Downing Street spin doctor Robbie Gibb is set to take control of the Jewish Chronicle after its dramatic last-minute bid for the collapsed newspaper was accepted. The London weekly last week announced it was seeking a creditors’ voluntary liquidation alongside the Jewish News, with which it had agreed to merge. [...]
Exclusive: Banking groups Investec and SC Lowy move to rescue Gaucho after buying up debt August 24, 2018 Two banking groups are closing in on an acquisition of Gaucho after buying out debt from the collapsed restaurant chain's other lenders, City A.M. understands. Investec and Hong Kong-based SC Lowy are now moving to buy Gaucho from administrators Deloitte after buying the debt of other lending banks in Gaucho's syndicate. An Investec spokesperson told City A.M.: "Investec [...]
South African Airways placed into bankruptcy protection to avoid ‘uncontrolled implosion’ December 5, 2019 South Africa’s state-owned airline has been placed into bankruptcy protection, as the nation tries to stop it falling into liquidation. South African Airways (SAA), which has suffered from years of state corruption, has entered the workout process, an alternative to bankruptcy. Read more: South African Airways: State-owned carrier in limbo It is the first time [...]
UN climate change summit opens in Madrid amid last chance warnings December 2, 2019 The UN Climate Change conference is underway in Madrid, as governments come together to take the next steps in the climate change process. Against a backdrop of a year of especially severe weather, the two weeks of talks offer delegates the chance to resolve outstanding issues from the Paris accord, such as rules for carbon [...]
Jewish Chronicle plunged into bitter row as bidders circle April 17, 2020 The Jewish Chronicle has been plunged into a bitter row as rival factions line up bids to take control of the newspaper ahead of a crunch meeting next week. Earlier this month the London weekly announced it was seeking a creditors’ voluntary liquidation alongside the Jewish News, with which it had previously agreed to merge. [...]
South African Airways: State-owned carrier in limbo as bailout doubts persist December 4, 2019 Time is running out for South African Airways (SAA), as the embattled carrier hopes for a bailout from South Africa’s government. The state-owned airline paid only half of staff salaries last month, and may have to file for liquidation in the near future if it cannot secure R2bn (£100m). Read more: Virgin Atlantic in fresh [...]
City Moves for 17 January – Who’s switching jobs at Charlotte St Partners, Bird & Bird and Hassium? January 17, 2020 Today’s City Moves includes Charlotte St Partners, Bird & Bird and Hassium Charlotte St Partners Strategic communications advisory firm Charlotte Street Partners has appointed Sarah Buchanan-Smith as partner, based in the company’s London office. Sarah will focus on developing Charlotte Street’s financial communications and investor relations offering, with a particular emphasis on supporting new and [...]
City Moves for 12 August – Who’s switching jobs at Autologyx, Diffblue and Troy Asset Management? August 12, 2019 Today’s City Moves includes Autologyx, Diffblue and Troy Asset Management. Autologyx Digital operations platform Autologyx has appointed Sandeep Ram as chief commercial officer to accelerate its expansion. The company has recently secured an additional £1m in funding from its existing investor base. However, with ambitious targets for the next 18 months, Autologyx felt now was [...]
City Moves for 30 August 2018 – who’s switching jobs at Atrato Capital, Investec Corporate Treasury, Amundi and Colliers International? August 30, 2018 Today's City moves cover real estate investment, money markets, property and asset management. Take a look at these movers and shakers: Atrato Capital Atrato Capital, the UK real estate investment manager, has strengthened its team with the appointment of two property specialists from Lloyds Banking Group. Lara Townsend (pictured) has been appointed as managing director, [...]
Economists rule out ‘V-shaped’ recovery after weak survey data May 21, 2020 Survey data today showed that the UK economy remained mired in a deep downturn in May despite an improvement from a dire April. Many economists have said that any hopes of a swift ‘V-shaped’ recovery from the coronavirus crash have all but faded. At the beginning of the crisis, policymakers and analysts hoped that once [...]