Hong Kong races ahead of London and New York in bid to get bankers back in the office June 21, 2021 Hong Kong races ahead of London and New York in bid to get bankers back in the office
Ride-hailing giant Grab closes in on largest ever Spac listing April 7, 2021 Asian ride-hailing giant Grab is said to be closing in on the largest ever Spac listing through a deal that will value the company at $35bn (£25bn). The Singapore-based startup, which also offers food delivery and payment services, could finalise an agreement to list in New York via one of Altimeter Capital’s blank-cheque vehicles. Grab [...]
London bankers dominate top M&A deal rankings for Europe February 5, 2021 London bankers dominate top M&A deal rankings for Europe
Soho House mulls $3bn New York listing amid IPO boom February 25, 2021 Private members’ club Soho House is the latest company reportedly mulling a New York listing with a valuation of up to $3bn. Soho House, which operates 27 clubs around the world, first considered a Wall Street listing in 2018. This time round the company has hired JP Morgan and Morgan Stanley and is looking to [...]
Paris experiences modest Brexit influx as thousands of professionals relocate December 10, 2020 Since 2016, around 5,000 employees have relocated from London to Paris as a direct result of Brexit, a report finds.
Morgan Stanley to move €100bn of assets to Frankfurt amid Brexit December 10, 2020 Wall Street giant Morgan Stanley is planning to move around €100bn (£92bn) in assets to Frankfurt in Germany to protect its business amid Brexit. Bloomberg reported that the bank plans to move the assets in the first quarter of next year, to the subsidiary Morgan Stanley Europe. Morgan Stanley is the latest lender to transfer [...]
Babcock shares plunge nearly 20 per cent before profitability review January 15, 2021 Babcock shares sank this morning after it said £100m had been shaved from its profit.
The worst thing about the Super League? It makes perfect sense April 19, 2021 For any football fan supporting anybody other than Arsenal or Manchester United during the 1990s, the last few years have offered some enjoyable schadenfreude. United lost their way after legendary manager Sir Alex Ferguson left the club. Arsenal turned into a soap opera, a club which appeared at times to be run by three lads [...]
Sir Martin Sorrell: ‘Chickens will come home to roost’ with post-Covid tax hikes May 4, 2021 Tax rises are inevitable in order to tackle spiralling pandemic-driven public debt across the world, Sir Martin Sorrell has warned. The S4 Capital advertising mogul told City A.M. that while he expected strong economic growth this year and in 2022, “at some point the chickens do have to come home to roost”. Sorrell said he [...]
City Moves: Who’s switching jobs in the Square Mile this week? May 12, 2021 City A.M.‘s Millie Turner provides a roundup of the most important hires and job moves across the City, every Wednesday afternoon. Email citymoves@cityam.com to be featured. Capital Group strengthens UK sales team Investment firm Capital Group, which has £1.7 trillion assets under management, has expanded its UK financial intermediaries team this week by hiring a new managing [...]