Puregym expands in Europe with £350m acquisition of Fitness World December 12, 2019 The UK’s largest gym operator Puregym today announced the acquisition of European business Fitness World in a £350m deal. Puregym was acquired by private equity firm Leonard Green & Partners in 2017 in a deal that valued the business at £600m. Its acquisition of Fitness World gives the business a market-leading position in Denmark as [...]
City Moves for 15 January – Who’s switching jobs at the Economist, Twitch and Willow? January 15, 2020 Today’s City Moves includes the Economist, Twitch and Willow The Economist The Economist Group has announced the appointment of Bob Cohn as president and managing director. Bob will lead the core newspaper business, focusing on expanding subscriptions and readership around the world, as well as developing new digital offerings. He joins the Economist Group after [...]
Coronavirus: Everything is set to change May 12, 2020 It’s no real surprise that the eagerly awaited unveiling of the plan to get back to normal turned out to be such a litany of vagueness. This is a government that has always been more comfortable talking about what it doesn’t want to see happen than laying out actual plans. But behind the obfuscation, the [...]
Breaking: Disney chief executive quits February 25, 2020 Disney’s chief executive has stepped down with immediate effect and been replaced by the head of its theme parks division, as the entertainment giant pivots towards streaming. The world’s largest media company late last night made the unexpected announcement that chief executive officer (CEO) Bob Iger has resigned after 15 years at the helm. Bob [...]
From semaphore to algorithms, market misconduct is an age-old challenge February 25, 2020 Misconduct issues in the financial markets can be charted back well over 200 years. Analyse each case, and the same behavioural patterns recur time and time again. An early example comes from 1814 when a conspiracy was formed between Charles de Berenger, Sir Thomas Cochrane, and six others to profit from the publication of false [...]
Categories October 26, 2021 Categories 2022 Interested in sponsoring a category this year? Email our team at awards@cityam.com for more details. Insurance Company of the Year The insurance sector has had an extraordinary year, not just coming out of a pandemic but amid a host of natural disasters. This year we’re looking not just at insurers who are delivering for shareholders [...]
Andy Warhol at Tate Modern review: A rare glimpse into the human side of this larger-than-life icon March 16, 2020 Prior to visiting the Tate Modern this week, I was fairly sure I was over Andy Warhol. His legacy is undeniable; the contemporary art scene, particularly the one that children of the 1980s came of age to, would be unrecognisable without him. His body of work – more varied than he’s given credit for – [...]
We’ve got online shopping and internet banking, now it’s time for digital voting January 28, 2020 On 12 December, 24m of us trudged to polling stations — many braving wind and rain. Another eight million cast postal votes or had proxies. But about 20m UK adults did not vote at all. Some probably really did not want to, but for many others, it was just too inconvenient. A General Election costs [...]
A letter from France: Coronabonds are inevitable April 22, 2020 The coronavirus outbreak has led, perhaps understandably, to countries becoming more inward looking in an effort to try to contain the impact on the virus on their economies and societies. But once the fog has lifted and the reconstruction efforts begins, solidarity, rather than nationalism will be the name of the game. While the idea may shock our British cousins, and give them another reason [...]
A no-deal EU exit is still an unlikely outcome December 17, 2019 Well, that didn’t take long. Just a few days after Boris Johnson’s thumping majority sent sterling up to pre-referendum highs, his flirtation with a no-deal exit brought it back down to earth yesterday. Read more: CBI welcomes Prime Minister’s Brexit trade deal deadline But are the markets (heaven forbid) missing something? The government is embarking [...]