Ireland’s Aer Lingus appoints IAG Cargo head as new CEO February 25, 2021 Aer Lingus secures IAG Cargo head as it's new CEO after fighting for survival during the pandemic
Four women nab top roles at City watchdog the FCA February 25, 2021 Four women have won top jobs at the Financial Conduct Authority (FCA), where they will sit on the executive committee – the regulator’s most senior executive decision-making body. Stephanie Cohen will be the FCA’s new chief operating officer and Jessica Rusu the first chief data, information and intelligence officer at the regulator. Sarah Pritchard will [...]
Atom Bank taps investors for cash as it targets IPO February 25, 2021 Digital challenger Atom Bank is looking to raise £40m from existing investors as it targets an IPO in the next few years. The neobank Atom is confident it will move to profitability from its mortgage and business lending “within a year”. The optimism contrasts with its fintech peers which have faced difficulties since the outbreak [...]
Wall Street tanks as tech stocks drag down market February 25, 2021 Wall Street has tanked today, with technology stocks in particularly dragging down the markets. The S&P 500 was down more than 2 per cent at one point, and retreating technology stocks dragged the Nasdaq down more than 3 per cent, as the benchmark 10-year note yields surged above 1.6 per cent to the highest in [...]
Rio Ferdinand invests in ‘Spotify of overseas payments’ app Sokin February 25, 2021 Former England footballer Rio Ferdinand is dipping his toe into the fintech world investing in a new overseas payments app launching this summer. He spoke to City PM about why the partnership with Sokin is in large part because of his experiences through childhood and what he’s learned about investment. The ‘Spotify of payments’ Sokin, [...]
French actor Gerard Depardieu charged with rape: AFP February 23, 2021 French actor Gerard Depardieu is under Judicial supervision after being charged with rape in December 2020
Is technology a new asset class? February 23, 2021 | City Talk With Covid-19 accelerating digitalisation, the question facing many companies is no longer whether technology is important, but just how important? What percentage of their time should a bank or retailer’s top executives spend thinking about technology? How much investment should a company make in tech? What weighting should institutional and retail investors give the sector? [...]
IG Group suspends leveraged bets in 900 shares February 23, 2021 IG Group is withdrawing leveraged share bets on hundreds of firms as the London-based company reacts to the day-trading trend gripping financial markets.
New campaign urges London’s drivers: switch off engines when parked to save lives February 22, 2021 | City Talk A new London-wide advertising campaign has launched today [22 February] encouraging drivers to turn off their engines when parked to cut air pollution. Led by Canada Corporation and Camden Council, and funded by the Mayor of London, the ‘Engine Off, Every Stop’ campaign features posters and billboards on roadside sites and petrol stations [...]
Transferwise rebrands to Wise ahead of London listing February 22, 2021 A decade after its launch Transferwise has rebranded to Wise ahead of its long-awaited IPO. The fintech, which was most recently valued by private investors at $5bn, has come a long way since its launch in 2011 when it initially offered money transfers. It says the new moniker reflects its growth. “Today our name catches [...]
