Fibre advancing ‘like fury’ but will £5bn infrastructure spend turn round BT’s share price woes? February 2, 2023 BT reported a solid third quarter of the year in a statement to markets this morning, with boss Philip Jansen hailing a “transforming” firm. Revenue in the three quarters to the end of December crept up to £15.6bn, a small fall on last year which the firm put down to inflationary headwinds and legacy product [...]
The Bank of England appears to have learnt from earlier mistakes February 2, 2023 The Bank of England made a host of missteps in the early parts of the inflation spike. It has become more boring - and more effective - since.
London digital lender Zopa bags £75m for dealmaking push February 2, 2023 Digital lender Zopa today said it had raised £75m as it looks to kick off a major growth push and flurry of dealmaking in the coming months. The London-based fintech said the fresh funding round would be used to meet the capital requirements of its “growing balance sheet” as well as fund a major acquisition [...]
Ion Markets cyber attack disrupts derivatives trading February 1, 2023 Financial data group Ion Markets suffered a cyber attack yesterday, according to reports, which caused disruption to derivatives trading. The attack was “contained to a specific environment” and “all the affected servers are disconnected” Ion Markets said, according to a Financial Times report. City A.M. has approached Ion Markets for a comment. A statement made [...]
Tate Modern privacy ruling could see City restaurants and museums hit with more nuisance claims, lawyers warn February 1, 2023 City restaurants, museums and art galleries could be hit with more nuisance claims, lawyers have warned, after the Supreme Court ruled today that the Tate Museum’s viewing terrace intruded on the privacy of residents in a glass building right next to the gallery. Five residents of the Neo Bankside development on the South Bank took [...]
Future of UK tech talent visa uncertain after controversial closure of Tech Nation February 1, 2023 Tech chiefs have sounded the alarm over the future of Tech Nation’s lauded visa programme today after the start-up body announced it would wind down after controversially losing a major government contract.
UK to ‘use all tools’ available to crack down on thousands of firms that missed property register deadline February 1, 2023 The UK government has vowed to “use all the tools” at its disposal to crack down on the thousands of overseas companies that have failed to report their beneficial owners with Companies House’s new property register. The government pledged to fine and prosecute the “oligarchs and non-compliant organisations” that missed yesterday’s deadline to declare their [...]
Airbus and Qatar settle A350 jetliner row February 1, 2023 Airbus and Qatar Airways have settled a dispute over surface damage on grounded A350 jets, the companies said today, averting a potentially damaging UK court trial. The “amicable settlement” ends a $2bn row over the safety of Europe’s premier long-haul jet – an unprecedented public rift that had led Airbus to revoke dozens of other [...]
The Adani Group: How the Indian giant lost $90bn in market value in just a week February 1, 2023 Gautam Adani's business empire has suffered a $90bn loss in value after a US short seller accused his conglomerate of fraud.
London restaurants: Outlook ‘bleak’ as insolvencies mount across the industry February 1, 2023 London restaurateurs have described the outlook for the sector as ‘bleak’ after research has revealed that the number of hospitality businesses going bust has jumped by 65 per cent in the last year. The figures, which were released by accountancy firm Price Bailey, show that 1,880 British restaurant businesses became insolvent in 2022, compared to [...]