The pensions triple-lock is unjustifiable in normal times — in the Covid era, it is utterly unconscionable October 9, 2020 Imagine you a Conservative chancellor trying to steer the economy through the midst of the worst pandemic in modern history. You have done your best to protect jobs and support struggling businesses in the face of drastic lockdown restrictions, while tax receipts shrivelled and the healthcare bill has ballooned beyond all previous measures. Despite your [...]
Exclusive: New £90m fund chases proptech startups across UK and Europe October 6, 2020 A new investment vehicle that will invest in real estate-technology companies in Britain and across Europe has been launched. BNP Paribas Real Estate, the property arm of BNP Paribas, has joined venture capital firm Fifth Wall, which launched the European Proptech Fund. The vehicle aims to invest in fast-growing European property technology-focused startups, or proptech. [...]
JP Morgan to offer lucrative investment banking jobs to school leavers October 6, 2020 Investment bank J.P. Morgan will soon offer school leavers a fast-track route to a lucrative investment banking job, namely via one of its UK apprenticeships. The bank’s so-called four-year Level 6 Financial Services Apprenticeship programme will enable individuals to ‘earn as they learn’, provided they complete a degree in Applied Finance at the University of [...]
Bitcoin banking app Mode lists on LSE’s main market October 5, 2020 Bitcoin banking app Mode has started trading on the London Stock Exchange, in the latest sign that life is starting to return to the capital’s IPO market. The UK fintech today listed on the LSE’s main market, raising £7.5m by way of a placing of 15m new ordinary shares. It is considerably more than the [...]
Goldman Sachs launches healthcare equity fund October 5, 2020 As the pandemic pushes healthcare to the top of the agenda, Goldman Sachs’ asset management division has announced it is set to launch a new “supercharged” healthcare equity fund. Goldman Sachs Asset Management (GSAM) will launch the fund and provide investors exposure to companies at the “forefront of rapid innovation in healthcare”. The Goldman Sachs [...]
Bank of America picks insider for new European capital markets role October 5, 2020 Bank of America has promoted a long-standing executive to the newly created position of head of global capital markets for Europe, the Middle East and Africa. London-based Jeff Tannenbaum, who has been with the bank for more than 22 years, started his new role last week, according to an update on his LinkedIn profile. His appointment follows the departure of Sam [...]
High rents force three in four hospitality businesses to consider restructure or insolvency October 5, 2020 73% of London-based hospitality and leisure operators are considering a restructure or insolvency as a result of the economic impact of the ongoing pandemic. Advisory firm Cedar Dean, which surveyed 230 hospitality and leisure businesses with around 2,000 venues across the UK, found that rental obligations are currently the most pressing issue. 86% of London-based [...]
PR outfit Hawthorn poaches BBC veteran Ross Hawkins: ‘right opportunity at the right time’ October 5, 2020 Ross Hawkins is leaving the BBC after nearly two decades, joining Westminister public relations firm Hawthorn Advisors, the political correspondent confirmed to City PM “It’s been brilliant fun [at the BBC], but this is the right opportunity at the right time,” Hawkins said. The seasoned reporter, who joined the BBC in 2001, said one of [...]
Nomura signs up Deutsche Bank veteran as chief risk officer in London October 5, 2020 Japanese investment bank Nomura has lured Aisling Doyle away from Deutsche Bank to oversee all risk-related matters at its Europen investment arm. Doyle will be based at Nomura’s office in the City, reporting directly to the global group’s chief risk officer, Sotaro Kato, as well as to Jonathan Lewis, CEO of Nomura’s European division and [...]
