‘Show restraint on pay’, fund managers tell FTSE bosses November 10, 2022 Fund managers are urging the UK’s top bosses to rein in their pay this year as the economy is rocked by a cost of living crunch.
FTX scrambles for emergency funds as contagion fears grow November 10, 2022 Bitcoin could tumble to as low as $13,000 as the industry is rocked by the crisis at the crypto exchange FTX, JP Morgan has warned.
Allies and Inclusion: Changing the Culture in Tech November 10, 2022 | Sponsored DiverCity® Podcast · S14 E1: Allies and Inclusion: Changing the Culture in Tech To kick off Series 14, we are joined by two titans of tech, Russ Shaw, Founding Partner of London Tech Week and London Tech Ambassador for the Mayor of London and an advisory member for Founders4Schools, and Dr Sue Black, technology evangelist, [...]
Former Chelsea owner Roman Abramovich to receive apology from Jersey Police over ‘illegal’ searches November 10, 2022 Roman Abramovich will receive an apology over illegal searches conducted by a Jersey police force, it has been revealed. A court order seen by City A.M. said the force on the Channel Island of Jersey acted illegally when conducting searches at properties reportedly connected to the billionaire in April 2022. The Russian-born Israeli oligarch was [...]
British Gas owner Centrica hands £250m to shareholders as profits surge November 10, 2022 British Gas owner Centrica will hand £250m to shareholders as high wholesale prices put the firm on course for massive profits.
Markets absorb disappointing earnings as crypto uncertainty knocks sentiment November 10, 2022 Having come off the back of three days of losses the US dollar rebounded strongly yesterday as markets absorbed further disappointing earnings numbers, and cryptocurrency exchange Binance backed out of the FTX takeover, due to an $8bn shortfall, prompting a rout in cryptocurrencies in the process. This jittery market backdrop prompted a sharp selloff in [...]
City Moves: Who’s switching jobs in the Square Mile? November 10, 2022 City A.M.’s Millie Turner provides a roundup of the most important hires and job moves across the City, every morning. Email citymoves@cityam.com to be featured. AVI Global Trust British investment firm AVI Global Trust has bolstered its board with a new chairman to succeed Susan Noble, who is set to retire. Graham Kitchen, who has been a non-executive director since January 2019, [...]
Y2Pay: Robots eat into wage growth in the UK but boost productivity November 10, 2022 Fears of robots taking people’s jobs have been “overblown”, with low investment and productivity growth being the real culprits behind the UK’s stagnant economy, according to a new report by the Resolution Foundation today. However, automation has dampened the average take-home for staff operating alongside new tech, the report, in collaboration with the London School of [...]
Vodafone sells towers stake in £14bn consortium deal November 9, 2022 Vodafone agreed to sell a hefty stake in its phone mast business this morning to KKR and Global Infrastructure Partners in a deal valuing the firm €16.2bn (£14.3bn). The FTSE 100 firm said in a statement that it had agreed a €32-a-share deal for Vantage Towers, allowing Vodafone to move its 81.7 per cent holding into [...]
Barclays faces court over £40m breast implant scandal November 9, 2022 Barclays today faced claims it helped a private healthcare company avoid paying compensation to women given faulty breast implants by a private healthcare firm. The bank is accused of working with Midlands law firm The Wilkes Partnership to restructure Hospital Medical Group (HMG), in order to help it avoid paying compensation to women given faulty [...]