JP Morgan takes over First Republic Bank in second largest US bank collapse ever May 1, 2023 Wall Street titan JP Morgan has swooped in for crisis-hit First Republic Bank, marking the third big American bank to collapse in just over a month and the second largest failure ever, US authorities announced today. The Federal Deposit Insurance Corporation (FDIC) confirmed they had accepted a bid from JP Morgan to seize the majority [...]
Crypto: As government consultation closes, what next for UK regulation? May 1, 2023 The government’s consultation on crypto regulations closed over the weekend with figures in the crypto industry welcoming proposals for greater oversight of the sector. The government hopes the regulations will turn the UK into a digital hub. The plans follow soon after a series of high-profile problems in the crypto industry, such as the collapse [...]
Heineken: Beer giant shows love for local pubs with £40m injection May 1, 2023 Heineken will invest £40m into 570 pubs it owns within its hospitality business, as the beer giant looks to show support for local boozers amidst the cost of living criss. Almost a quarter of businesses within its Star Bar & Pub group will receive the boost – with 100 of these scheduled for revamps averaging [...]
Coronation: How much will it be worth to the West End? April 30, 2023 Retail and hospitality businesses across London’s West-End are gearing up for a £50m boost during the Coronation weekend, as a flock of tourists will help temporarily relieve inflationary and cost of living woes. According to figures from New West End Company, which represents 600 retail, restaurant, hotel and property owners spanning from Bond Street to [...]
Printworks: London nightlife venue to become offices as new plans revealed April 28, 2023 The Printworks London nightlife and culture venue in Canada Water is to become a net-zero office space, new architectural plans have revealed. British Land, the commercial property owners behind Printworks, have unveiled an ambitious repurposing project for the land, which was formerly a printing press, and is the last major unconverted industrial building in central [...]
Huw Pill’s “let them eat cake” moment could get its just desserts with a slice of Bitcoin April 28, 2023 Jason Deane rounds up the week with a doff of the cap to Marie-Antoinette for a comparison with the Bank of England's Huw Pill.
May bank holidays: Brits believe this May will be the best ever – new data April 28, 2023 Almost a third of Brits have booked themselves up with plans for every weekend in May, which has three bank holidays this year, as they gear up for what they believe will be the best May weekend ever. A new survey has revealed 28 per cent of Brits haven’t got a free May weekend, as [...]
EP: 198 Sandown & Hong Kong April 28, 2023 The official end of season jumps meeting takes place at Sandown on Saturday where the Celebration Chase and Gold Cup Handicap are two of their feature races. This episode also includes interviews with Paul Nicholls, Brian Hughes, Luca Morgan and Christian Williams. City AM Racing editor Bill Esdaile previews the best of Sandown’s racing action [...]
IN PICTURES: Flags, robes and specialist merch – how Londoners are preparing for the Coronation Weekend April 28, 2023 London retail is set for a big boost from the coronation, according to figures released today by the New West End Company. The company, which represents 600 retail and hospitality businesses in the West End, forecasts that sales over the Coronation Weekend will hit £50m. Total footfall is predicted to reach 1.75m, 24 per cent [...]
Sunak’s challenge is to design flexible but firm rules for artificial intelligence April 28, 2023 ChatGPT has thrown artificial intelligence into the mainstream, and now it's Rishi Sunak's job to design rules which don't prevent its growth, but keep us safe.