Agriculture giant Olam looking to raise £2bn in London food ingredients IPO October 6, 2021 Olam International, the global agricultural commodity trading giant, is considering raising £2bn through the IPO of its London-based food ingredients unit next year, the firm has announced this morning. Five global banks have been appointed to work on the IPO, which would likely rank among the biggest offerings in London over the last few years. [...]
Mass pig culling inevitable if abattoir labour shortage persists, vets warn October 6, 2021 Vets working to tackle pigs’ overcrowding in farms have said Prime Minister Boris Johnson is not taking the abattoir labour shortage seriously, and soon ‘mass culling’ would be the only option left to farmers. Duncan Berkshire, a vet in charge of liasing with the Department for Environment and Rural Affairs to manage the pigs’ overcrowding, [...]
Uber strike over ‘racist’ facial recognition algorithm as case heads to tribunal October 6, 2021 A union is taking legal action against Uber for what it claims is indirect racial discrimination. The Independent Workers’ Union of Great Britain (IWUGB) is taking Uber to court on behalf of one of its members who says their account was terminated because of a facial recognition algorithm used to identify drivers incorrectly mis-identified drivers [...]
Police probing range of indecent exposure incidents on Wandsworth Common October 6, 2021 The Metropolitan Police said this morning they have identified several offences relating to indecent exposure on Wandsworth Common in south London over the past six months. A 34-year-old man from Wandsworth was arrested on September 25 on suspicion of indecent exposure. He was released on bail and will appear in court in late October. Another [...]
City Moves: Who’s switching jobs in the Square Mile today? October 6, 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. Pinterest Photo sharing and publishing platform Pinterest has hired a Global Agency Commercial Lead for its London office. Stepping into the role in November, Martin Galvin is set to lead the platform’s commercial partnerships programs with media [...]
Fuel crisis: Petrol heading towards all-time high of 2012 as drivers face record prices October 6, 2021 Petrol is fast catching up with the all-time high of April 2012, having shot up by an additional £12 for a full tank in last one year. On top of the supply crisis, a barreling crude oil price has pushed price of unleaded by 1.5p in the month of September, just 6p short of 2012 [...]
UK’s oldest synagogue ‘saved for now’ as Canada Corporation rejects tower application October 5, 2021 The UK’s oldest synagogue has been “saved for now” as Canada Corporation rejected a 48-storey tower block that would have put the historic site at risk of closure. The planning and transport committee for the Square Mile’s local authority today rejected the application by 14 votes to 7 in the wake of [...]
Johnson: ‘Sadiq Khan has not handled the finances of TfL well’ October 5, 2021 Prime minister Boris Johnson has criticised London mayor Sadiq Khan’s handling of Transport for London (TfL) finances, snubbing Khan’s plan to impose a £5.50 levy for those driving into London. The charge is intended to fuel London’s transport system, which is looking for some £8bn to fund an extension of the Bakerloo line to Lewisham. [...]
Police to be given greater powers today as Insulate Britain has ‘crossed the line’ October 5, 2021 Crime and Policing minister Kit Malthouse said this morning that Insulate Britain protesters have “crossed the line between exercising their right” and their responsibility to the public, and further measures to combat their tactics will be announced on later today. Speaking about footage of a paramedic dragging some of the protesters out of a London [...]
City Moves: Who’s switching jobs in the Square Mile today? October 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. Capital Group Capital Group has hired a new Environmental, Social and Governance (ESG) Investment Director for its Europe and Asia Client group. Belinda Gan, who joined the investment giant on Friday, will report to the firm’s Head [...]