City Moves: Who’s switching jobs in the Square Mile this week? January 21, 2022 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. CISI The Chartered Institute for Securities & Investment (CISI) has confirmed that its long serving CEO Simon Culhane will step down. Handing over the reins in September, Culhane will depart the top role after 18 years. Culhane, who grew CISI’s [...]
Investment banks search for any port in a storm amid City’s dealmaking slump December 7, 2023 A listings drop off has hurt smaller investment banks and brokers. Now they may be looking for deals and combinations of their own.
Scrapping ban on two-for-one junk food deals would be ‘unforgivable’ despite cost of living crisis June 17, 2023 Scrapping a planned anti-obesity policy banning two-for-one junk food deals would be “unforgivable”, health campaigners have warned, after the Government delayed the measure beyond the next election. TV doctor Chris van Tulleken branded suggestions the “light-touch” regulation would restrict consumer choice “ludicrous” following No 10’s announcement it had been shelved amid concerns about the cost-of-living [...]
Mark Kleinman: Challenging times for challenger banks June 27, 2024 Mark Kleinman is Sky News’ City Editor and is the man who gets the Square Mile talking in his weekly City A.M. column. Today, he looks at challenger banks, Carlsberg's Britvic play and office space woes
Legal firms call for reform of Serious Fraud Office after ex-Barclays execs acquitted February 28, 2020 Law firms have called for reform of the Serious Fraud Office (SFO) today after three former Barclays executives were cleared of financial crisis-era fraud to save the bank. Roger Jenkins, Thomas Kalaris and Richard Boath were all acquitted of charges of conspiracy to commit fraud by false representation in connection with the 2008 Qatar fundraisings. [...]
Downing Street calls on public sector bodies to review contracts with Russian energy suppliers March 28, 2022 The government has instructed public sector bodies to review energy deals and other contracts they have with Russian firms.
Formula E, going green, and that £4bn Tata Group battery factory August 4, 2023 The Formula E season may be over but the technology never sleeps. And when technology can be transferred from a race track and into our homes – whether that be electric generation software or broadcasting structures – it can be revolutionary. When tech folk talk of what’s called “Race to Road” they refer to motorsporting [...]
Silicon Valley Bank UK: What we know (and don’t know) on Monday morning March 13, 2023 Silicon Valley Bank UK was put into insolvency last night – with expectations that government would step in before Monday’s market open now looking more unlikely. The bank’s accounts are effectively frozen, meaning that firms will be unable to access their deposits – possibly leaving them unable to pay bills or salaries. SVB UK’s parent [...]
Lloyds profits top City’s expectation on higher interest rates July 27, 2022 Higher interest rates have lifted Britain’s largest mortgage lender Lloyds’s profits above the City’s expectations. Net interest income, the difference between what a bank charges borrowers and pays depositors, surged 13 per cent over the first six months of the year to £6.1n, Lloyds said today. That boost hoisted the lender’s pre-tax profits to £3.66bn, [...]
Extinction Rebellion to target Barclays, PwC and News Corp in new wave of protests February 12, 2020 Climate change activist group Extinction Rebellion said today it would target the financial industry in a new wave of protests this year. The group’s co-founder said Barclays Bank, Big Four accountancy firm PwC and media group News Corp would be among the targets of direction action. Gail Bradbrook told Reuters that “the economic system is [...]