Google: Alphabet’s shares tank eight per cent after video blunder involving its version of ChatGPT February 9, 2023 Google’s parent company Alphabet’s shares plummeted yesterday after its brand new AI chatbot answered a question wrong during a promotional video. The owner of Google saw shares crash almost eight per cent on Wednesday, causing a $100bn (£82bn) loss to its value. This comes after Alphabet announced that Google would be launching an integrating its [...]
Mark Kleinman: Hambro Perks, Ray Winstone’s side hustle and IPGL shake-up February 9, 2023 Sky News’ Mark Kleinman is the man the City reads – and in his fortnightly column for City A.M., he shares his insight and analysis. Hambro Perks’ called-off merger spells bad news for the City November 23, 2021 was a landmark day for the London stock market: the unveiling of the first special purpose acquisition [...]
UK’s top 50 cocktail bars are revealed – and nearly half are in London February 9, 2023 The UK’s top 50 cocktail bars have been revealed, and nearly half of them are in the capital city. Hundreds of bar tenders, drinks writers and and bar owners voted, and experts were told to represent the mixology talent outside of London as much as possible. However, the results reveal that London still ranks as [...]
Bitcoin retraces slightly as market consolidates February 9, 2023 At $22,700, Bitcoin is trading lower by 2% over the last 24 hours, while Ethereum is in the red by 2.3% at $1,633 this morning.
Ben & Jerry’s owner Unilever: Turnover soars to £53bn driven by price increases against backdrop of inflation February 9, 2023 Unilever price hikes helped the firm deliver turnover of more than £50bn last year, as the group had a nine per cent increase underlying sales growth for 2022. The British firm – which owns brands such as Ben & Jerry’s, Dove, Hellman’s and Magnum – said that turnover also increased 14.5 per cent to €60.1bn [...]
Navigating the talent challenge: where should your people priorities lie over the next 12 months? February 9, 2023 The expertise and skills of people underpin the success of virtually every organisation. Yet ongoing skills shortages are often preventing today’s organisations from accessing the vital people they need to innovate and grow. ACCA’s inaugural 2023 Global Talent Trends Survey highlights some of the most pressing people challenges faced by employers globally, including in the [...]
FC Barcelona: Regulators tighten loophole and cut Spanish giants’ spending power February 8, 2023 FC Barcelona are facing a setback to their on-field resurgence in the form of a crackdown on their exploitation of so-called “economic levers”, City A.M. can reveal. The Spanish club, on course to end their four-year wait for another LaLiga title, have attracted the attention of domestic and European regulators with their innovative capital-raising. Last [...]
Fox scores strong results as World Cup broadcasts draw in advertisers February 8, 2023 Last year’s men’s world cup helped Murdoch-owned media giant Fox increase revenues by four per cent. The broadcaster said revenue in the final quarter of 2022 was up to $4.61bn (£3.82bn) from $4.44bn (£3.68bn) in the same quarter in 2021. The FIFA World Cup which took place in Doha in December pulled the majority of [...]
Tom Cruise delays Mission Impossible filming to attend King Charles’ Coronation February 8, 2023 Tom Cruise is delaying the filming of the eighth instalment of Mission: Impossible so he can attend King Charles’ Coronation. The actor is apparently an avid royal follower, and despite being famously detail-oriented in his approach to filming and meeting filming deadlines, is willing to put his schedule on the back-burner for the 6 May [...]
High Street retail race: Marks and Spencer predicted to overtake John Lewis by 2026 February 8, 2023 Marks & Spencer will overtake John Lewis in the rankings of the UK’s biggest retailers by 2026, according to a new sales forecast. Tesco will retain its position as the largest retailer, followed by Sainsbury’s, but Amazon is on track to move into the top three within the next few years, industry title Retail Week [...]