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City A.M. Content

  • Bitcoin holds just below $20k as sentiment remains low

    July 13, 2022

    The price of Bitcoin (BTC) remains below $20k this morning, flat over the past 24 hours at around $19,750 this morning.

  • Google slows down hiring for rest of 2022 amidst economic uncertainty

    July 13, 2022

    Google will slow hiring for the rest of the year as economic gloom sets in. Sundar Pichai, CEO of Google parent company Alphabet, informed employees in an email yesterday, according to CNBC. “The uncertain global economic outlook has been top of mind,” he said. “Like all companies, we’re not immune to economic headwinds.” The company [...]

  • The investment trust sector and the Four Horsemen – a review of Q2 22

    July 13, 2022

    Conquest and War – Russia’s invasion of Ukraine and the ongoing conflict between the two countries; Famine – at the very least the increased threat of global food shortages as supplies from Ukraine, the ‘bread basket of Europe’, increasingly become weaponised; Death – despite the roll-out of vaccines, Covid-19 continues to mutate and take lives [...]

  • BT execs urge unions to guarantee 999 services as nearly 40,000 gear up to strike

    July 13, 2022

    BT executives have called on trade unions to guarantee that 999 services will not be impacted during impending strikes.

  • Brexit opportunities minister Jacob Rees-Mogg: I would refuse to serve in ‘socialist’ Rishi Sunak’s cabinet

    July 13, 2022

    Boris Johnson ally Jacob Rees-Mogg has branded Rishi Sunak a ‘socialist’ and refused to serve in his cabinet should he become PM. The Brexit-backing Conservative MP hit out at the former chancellor’s “disloyalty” to the Prime Minister after he resigned last Tuesday.  This comes after Rees-Mogg appeared to brand Sunak a socialist for high taxes [...]

  • Renold cuts debt and raises revenue in solid year 

    July 13, 2022

    Renold’s revenue grew 18.1 per cent to £195.2m while net debt dropped £4.6m to £13.8m for the year ended 31 March 2022. The manufacturer announced today that its operating profit had gone up from £11.4m in 2021 to £15.3m this year. The company recovered from the Covid pandemic and many of its businesses delivered were record [...]

  • PageGroup posts record June as firm benefits from wage inflation and short supply of candidates

    July 13, 2022

    Recruitment firm PageGroup posted a record performance for June, marking the second month where gross profit exceeded £100m.

  • Three Arrows Capital founders seem to be missing after crypto hedge fund’s bankruptcy 

    July 12, 2022

    The founders of crypto hedge fund Three Arrows Capital (3AC) appear to have gone missing following the company’s bankruptcy. Lawyers representing the collapsed company’s creditors claimed that founders Zhu Su’s and Kyle Davies’ physical whereabouts were unknown ahead of a court hearing scheduled for today, according to court documents filed on Friday, CNBC reported. The [...]

  • Spotify snaps up Wordle spin-off Heardle in interactive push

    July 12, 2022

    Streaming giant Spotify has snapped up daily music game Heardle as the firm builds out its interactive offerings to keep music lovers listening.

  • Channel 4 chief suggests government pushed privatisation agenda on its delayed annual report

    July 12, 2022

    Channel 4 have said the government tried to tamper with the broadcaster’s annual report to ensure it aligned with its own privatisation ambitions.

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