The Italian Job: Octopus announces joint green energy venture with Nesta October 19, 2022 Octopus Energy Generation has continued its expansion plans into Europe, deepening its role in Italy’s green power market.
Liontrust sheds £1.6bn in three months as investors flee volatility October 19, 2022 Asset manager Liontrust said more than £1.6bn had been pulled from its funds in the past three months as investors continue to pull back from the markets and shield their cash from volatility.
Nestlé has strongest sales growth since 2008 after inflation leads to 7.5 per cent price rises October 19, 2022 Inflation forced Swiss food giant Nestlé into 7.5 per cent price rises, leading to the highest sales growth in 14 years. The chocolate maker announced organic growth of 8.5 per cent for the nine months of 2022, saying “significant cost inflation” was the driver of its price increase. Its sales were up 9.2 per cent [...]
Revolut launches Homes feature to take on Airbnb October 19, 2022 Fintech giant Revolut has unveiled a new holiday home rental feature today as it looks to broaden its reach in the travel market and snap up market share from Airbnb.
Netflix picks up 2.4m subscribers ahead of advertising model roll-out October 19, 2022 Streaming giant Netflix picked up 2.4m subscribers in the last quarter, as it looks to roll out a new advertising model next month. Its revenue, income and membership exceeded expectations in the third quarter of the year, driven by major hit series sun as The Jeffrey Dahmer Story, Stranger Things S4, Extraordinary Attorney Woo, The [...]
City Moves: Who’s switching jobs in the Square Mile? October 19, 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. Merkle Customer experience management firm Merkle has posted a new chief operating officer to lead its business across Europe, the Middle East and Africa (EMEA) Christiane Georg, who brings more than 25 years worth of experience to [...]
Sadiq Khan: Tax “confusion” could hit London’s investment appeal October 19, 2022 SADIQ KHAN has warned that instability at the top of British politics could hit London’s status as a desirable investment destination. Investors are “not sure that the stability and certainty that existed in London will be there going forward,” the Mayor of London told City A.M. yesterday. “Instability is good for no-one,” he added. A [...]
OneWeb and Panasonic to rival Viasat-Inmarsat tie-up with in-flight wifi deal October 18, 2022 British satellite darling OneWeb has teamed up with in-flight entertainment giant Panasonic, in a partnership which could rival the looming Viasat-Inmarsat tie-up. The deal will see Panasonic Avionics, which serves over 70 airlines, sell OneWeb’s in-flight broadband services to commercial airlines worldwide by the second half of next year, cementing aviation as the latest cash [...]
Gambling regulator chief says growth has plateaued for booming sector October 18, 2022 Growth in the betting sector has plateaued in recent years as a result of cost of living concerns and safety measures, says top gambling regulator. Speaking at an awards ceremony today in Melbourne, Gambling Commission chief Andrew Rhodes said that the sector is still feeling a pandemic hangover — despite popular belief that betting giants [...]
Sewage spills from storm overflows ‘unacceptable’ admits Thames Water boss October 18, 2022 Storm overflows causing severe discharges of sewage are 'unacceptable', argued the boss of Thames Water.