London’s share of global IPO market plunges but City shines in one area December 31, 2024 The proceeds from global initial public offerings (IPOs) sank three per cent in 2024 to its lowest value since 2008, with the UK falling to 35th among all stock exchanges. There were 1,145 IPOs globally in 2024, compared to 1,271 in the year before, data from the London Stock Exchange provided to City AM revealed. [...]
Investment bosses back UK stocks in 2025 and fret over Trump December 31, 2024 The chief investment officers of some of the UK’s largest asset managers have said they expect UK stocks to outperform global equities in 2025. However, they’ve also warned that trade wars represent the biggest threat to investors in 2025, as US President Donald Trump’s election threatens to heighten global supply chain issues. According to data from [...]
The purposeful CEO is dead: Long live the ‘corporate diplomat’ December 31, 2024 The era of green-centric grandstanding by CEOs might be over – welcome to the age of corporate diplomacy, writes Ali Lyon It had never been more essential, Blackrock’s Larry Fink wrote in the 2022 edition of his widely-read annual letter to CEOs, for bosses “to have a clear purpose”. “Putting your company’s purpose at the [...]
Arise Sir Southgate: Former England manager knighted in New Years Honours December 30, 2024 England’s former football manager Gareth Southgate has been bestowed the honour of a knighthood in King Charles III’s New Year Honours list. Sir Gareth, 54, led England to back-to-back Euros finals in 2021 and 2024, where the Three Lions were toppled by Italy and Spain in the showpiece finals. But the former player has been [...]
Downing Street rejects Elon Musk’s claim firms are turning away from UK December 30, 2024 Downing Street insisted Sir Keir Starmer was running an “unashamedly” pro-growth government after Elon Musk lashed out at his policies. Tesla boss Mr Musk said “very few companies” would be willing to put money into the UK under “the current administration”. Mr Musk, a close ally of US President-elect Donald Trump, was responding to calls [...]
Corinthia hotel London’s exec chef: London diners are moving away from glitzy restaurants December 30, 2024 André Garrett is the Executive chef at the Corinthia London hotel on Whitehall, home to Tom Kerridge’s London restaurant and a popular hangout for international royalty and American screen talent. In our review, we called the property “one of the grandest central London hotels.” Garrett speaks to us about the food and drink trends he [...]
Mikheil Kavelashvili: The Man City forward who is now the disputed president of Georgia December 30, 2024 When most footballers conclude their playing careers they tend to go into management, punditry or business. But not Mikheil Kavelashvili. The former Manchester City striker has this week been sworn in as president of Georgia. He was the only candidate on the ballot and his election has been disputed following controversial wider elections and protests [...]
Hiring frenzy at London law firms as ‘apex predator’ disrupts market December 30, 2024 Partners at London law firms are switching companies at record pace as a surge of investment by American rivals ramps up competition for talent. According to data provided by legal recruiter, Edwards Gibson, there were 546 partner moves recorded over 2024. This figure is up seven from 510 moves in 2023, and up 14 per [...]
Retail insolvencies set to surge as Budget bites, experts warn December 30, 2024 A wave of insolvencies could be coming to the retail and hospitality sectors next year as businesses crumble under the tax bill brought on by Labour’s Budget, bosses have warned. Insolvencies and restructuring could rise further over the start of 2025 as firms face increased cost pressures, industry experts have said, with the retail, hospitality [...]
Geopolitics, property and the London marketplace: Here’s what’s in store for insurance next year December 30, 2024 Insurance market in 2024 was defined by record floods and soaring premiums. So what are expects predicting for 2025?