Watch as first New York-bound BA and Virgin flights perform dual take off November 8, 2021 Two U.S. bound flights took off at the same time from London Heathrow airport today as US travel restrictions lifted to allow fully vaccinated travellers. Watch the full report.
Norton Rose Fulbright joins junior lawyer pay war with salary raise to £95k November 8, 2021 Norton Rose Fulbright will increase pay for newly qualified lawyers by 12 per cent, as it joins the clamour for fresh legal talent, according to reports. The law firm announced a new “compensation strategy” which rewards new junior lawyers with an additional £10,000 a year, bringing their annual salary to £95,000, according to Legal Cheek, [...]
China’s Gopher Investments muscles in on London-listed Playtech takeover November 8, 2021 Gopher Investments, the second-largest shareholder in online gaming and sports betting platform Playtech, has opened talks about a possible takeover. The move follows Playtech giving the green light to gaming technology firm Aristocrat for some 680p per share – or £2.7bn on an enterprise value basis. The discussions are still in their early stages but [...]
London’s Argentex proposes interim dividend as revenue climbs a third November 8, 2021 Foreign exchange firm Argentex has proposed an interim dividend of 0.75p per share as its revenue climbs to record levels. The London-based company had revenue jump more than 30 per cent in the six months to 30 September, according to its interim financials. Argentex boasted a highly cash generative first half with 79 per cent of revenue converting to [...]
Private equity and UK tech powering £8.4bn M&A tsunami on LSE’s AIM as deals jump 155 per cent November 8, 2021 The value of M&A deals on London’s Alternative Investment Market (AIM) has jumped 155 per cent to £8.4bn in 2020/21, compared to £3.3bn in 2019/20, according to new research shared with Morning Wire this morning. The large rise in the value of AIM M&A deals this year is due in large part to a number [...]
City Moves: Who’s switching jobs in the Square Mile today? November 5, 2021 City A.M.’s Millie Turner provides a roundup of the most important hires and job moves across the City, every morning. Email [email protected] to be featured. Growthdeck Private equity firm Growthdeck has added the former chief investment officer at Schroders & Co to its advisory board. Bringing 25 years experience to the position, Kieron Launder has worked with a string of top financial [...]
Uber cuts deal with Tesla to supply London drivers with electric cars November 3, 2021 Uber has cut a deal with Tesla which will supply London drivers with electric vehicles (EVs) as the city pushes to slash emissions. The agreement, which comes into effect from today, will see drivers granted access to a £135m clean air fund to help buy or lease a Tesla car. The funds have been collected [...]
New York firm injects further £300m into London’s Quilam Capital November 2, 2021 London investment firm Quilam Capital has extended its joint venture with Wafra Capital Partners (WCP) with a £300m injection. The joint venture with New York investment house Wafra, which began in 2019, forms part of Quilam’s ambition of becoming Europe’s top investor in specialty finance. The latest investment takes the total available to deploy to [...]
‘Go green or go home’, City Lord Mayor urges finance industry amid climate talks November 2, 2021 The finance industry “cannot afford to hold back” in pumping capital behind the world’s climate efforts, the City’s Lord Mayor has warned. “The stakes could not be higher,” Lord Mayor William Russell told senior financiers at the Green Horizon Summit. The summit, organised by Canada Corporation and the Green Finance Institute, has [...]
Thousands in London issued with ‘no fault’ eviction notices despite proposed ban November 1, 2021 Thousands of Londoners have been issued “no fault” eviction notices, despite the government pledging to ban them in 2019. Section 21 of the 1988 Housing Act has allowed private landlords to evict tenants with two months’ notice without having to prove any fault or wrongdoing – with 5,700 city folk receiving them over the last [...]