Down to earth for Branson’s Virgin Orbit satellite firm as funding dries up and 85 per cent of staff are cut March 31, 2023 Sir Richard Branson’s satellite launch firm Virgin Orbit is to cut 675 jobs – about 85% of its workforce – after failing to secure new funding. The entrepreneur has said he will inject almost £9 million to go towards severance costs. It comes amid reports from the Financial Times that Virgin Orbit’s chief executive Dan [...]
New James Bond story will focus on London and King Charles’ Coronation March 31, 2023 Ian Fleming productions has announced a new James Bond story will be released to coincide with King Charles’ Coronation in May. The story will be called On His Majesty’s Secret Service, following on from the original Ian Fleming novel, On Her Majesty’s Secret Service. The new story will be written by Charlie Higson, who has [...]
Bitcoin’s grip on $28,000 slips as crypto markets take a breather March 31, 2023 Bitcoin's current battle lines at $28,000 have been pushed back to a resistance line at $27,800 this morning.
Your City guide to this year’s must have chocolate Easter eggs: From exploding candy to hot cross bun flavoured treats March 31, 2023 We’ve nibbled, munched and even crunched some of this year’s chocolate Easter egg offerings, and we even tried a donut-egg; you’ll have to read on to find out how that fared. Here’s our review of the best and the worst Easter eggs you can buy this year; we’ve included City-based retailers as well as supermarket [...]
FTSE 100 live: Beazley and Ocado edge London higher on final day of first quarter March 31, 2023 The FTSE 100 nudged higher on the final morning of the first quarter on the back of an early rise for insurance giant Beazley and retail tech firm Ocado. London’s flagship index rose around 0.2 per cent in early trading before settling to be around up around 0.16 per cent at 9:43am. Lloyds of London [...]
EP: 192 Doncaster & Hong Kong March 31, 2023 The return of the turf flat racing season arrives on Saturday when Doncaster stages an eight race card featuring the exciting Lincoln Handicap run over their straight mile course. City AM Racing editor Bill Esdaile previews the best of Doncaster’s action, with Wally Pyrah discussing Sunday’s Sha Tin meeting in Hong Kong. Hosted by Chris [...]
Musk verification, laughing gas, webcam gaffes, ChatGPT and cyber crime pay: Here’s your week in tweets! March 31, 2023 The markets quietened this week, with European banking stocks recovering the losses they had posted in the week after Credit Suisse’s shotgun marriage with UBS. But the internet never sleeps and the news rumbles on, so City A.M. have sorted through cyberspace to bring you the best of what you might have missed. 1. Elon [...]
BBC Earth Experience: Children and adults will love this 360 degree encounter with giant hairy bisons March 31, 2023 When the BBC decided to site their Earth Experience in Earl’s Court it must have been aware of the interesting juxtaposition of building a tribute to the natural world in the middle of what is largely a building site. But with London space at a premium, this is what it is, and finding a venue [...]
Succession – planning that is – and why you don’t need to be as rich as Logan Roy to secure your family’s financial future March 31, 2023 Rivalry and revenge are rife within the Roy family – the dysfunctional clan that returned to screens this week in the Sky series‘Succession’. Camilla Stowell, head of private and commercial clients at Coutts said: “The drama uncovers how emotional conversations about intergenerational wealth and succession planning can be. “However, in reality the process can be [...]
Banks, inflation, recession, gold AND Ocado: Five lessons the markets taught us this week March 31, 2023 It’s spring. The days are longer, the sun is shining, and fears about the imminent implosion of the global financial system are fading, for now anyway. Markets appeared to calm down after several weeks of banking-related aftershocks and both the FTSE 100 and FTSE 250 were on course to end the week on a positive [...]