Shell shares bubble up as oil giant increases investor returns July 7, 2021 Shares in Shell pushed up this morning as the oil giant said it would increase shareholder returns to 20-30 per cent of its cash flow, surprising analysts with the speed of the move. The stock rose 3.0 per cent in early trading, topping the FTSE 100 tree, on the back of the second quarter trading [...]
Digital GP app Livi prescribes €200m funding boost amid pandemic boom February 12, 2021 One of the largest digital GP platforms in Europe is said to be in talks to raise a further €200m (£176m) as the Covid-19 pandemic drives up demand for remote healthcare services. Kry, which trades as Livi in the UK, is working with bankers at JP Morgan on a series D funding round, Sky News [...]
Uefa boss: English clubs will be sanctioned for European Super League involvement April 25, 2021 Arsenal, Chelsea, Tottenham and three other English football clubs will be sanctioned for their involvement in the failed European Super League project, Uefa chief Aleksander Ceferin has confirmed. Ceferin told the Mail on Sunday that the three London clubs along with Liverpool, Manchester United and Manchester City will face consequences for joining the breakaway league [...]
JP Morgan trumps expectations with 16 per cent rise in profits July 16, 2019 JP Morgan Chase beat analyst estimates this afternoon after posting a double-digit rise in profit, bolstered by a tax windfall and higher net interest income. America’s largest bank reported a 16 per cent rise in profit to $9.65bn (£7.7bn) today, or $2.82 per share, trumping Refinitiv estimates of $2.50 per share. Read more: Citigroup starts [...]
Morrisons push ahead with plans to open automated grocery store as ‘pingdemic’ continues to hit supermarkets July 19, 2021 Morrisons are said to be close to unveiling an unmanned pilot store to the public “within months”, as they look to follow Amazon’s lead in modernising the approach to grocery shopping. The store will rely on shoppers to scan their smartphones upon entry before having digital cameras follow their every step in store to check [...]
Extinction Rebellion blocks roads outside Bank of England September 2, 2021 Roads outside the Bank of England remain closed as Extinction Rebellion protestors, including 50 activists who are breaking bail conditions, stage a sit-in. In a Tweet this afternoon, the Metropolitan Police confirmed that Queen Victoria Street is closed after green activists made their way from the Tate Modern to the doors of the Bank of [...]
Brexit: ECB to crack down on ‘desk mapping’ in London to drive more bankers and capital to the EU May 27, 2021 The European Central Bank is ramping up efforts to push more management and capital out of the City and Canary Wharf, into the EU. The central banking authority plans to scrutinise and crack down on so-called ‘desk mapping’ – or ‘back-to-back booking’ – to determine whether banks’ key staff, capital and book trades used by [...]
City Moves: Who’s switching jobs in the Square Mile today? September 28, 2021 City A.M.’s Millie Turner provides a roundup of the most important hires and job moves across the City, every morning. Email citymoves@cityam.com to be featured. Aviva Investors Asset management firm Aviva Investors has promoted its former head of liquidity and securities finance as its new head of credit. Based in the capital, Caroline Hedges will lead teams across investment grade and high yield [...]
Closing the autism employment gap means success for businesses up and down the country April 6, 2022 Tracy Clements is an English and Drama teacher. An avid traveller, she’s married with two kids and she’s on the autism spectrum. She’s in a safe job she likes, but she’s almost an exception. Only 22 per cent of autistic adults were employed in the UK in 2020 – but one in ten people across [...]
Bank of America profit doubles as Covid loan losses less than predicted April 15, 2021 Bank of America profit doubles as Covid loan losses less than predicted