PE group in talks to sell Racing Post owner for up to £500m October 31, 2021 Spotlight Sports Group, the media entity that owns British horseracing the Racing Post, is reportedly heading towards a £500m sale at auction, as its private equity owner looks to cash in on the growing capital tied to sports betting data. Exponent Private Equity, which scooped up the horseracing publication in 2016, has begun talks with [...]
JCB agrees biggest green hydrogen deal with Australian firm October 31, 2021 An Australian company will become Britain's biggest supplier of "green" hydrogen in a deal struck with JCB, the construction equipment maker.
Ministers fear Bulb Energy collapse as energy crisis worsens – CityAM : CityAM October 29, 2021 Government ministers are increasingly fearful that Bulb Energy (Bulb) is on the brink of collapse and could cease trading as early as next week, according to Sky News. They are now accelerating contingency plans in case Bulb fails to find a rescue deal. The struggling energy firm has been working with US investment bank Lazard [...]
Big tech shirks probe into income from scam ads – CityAM : CityAM October 29, 2021 Tech mega caps avoided a probe into how much money they earn from paid-for advertisements on their platforms for unregulated financial products. Responding to questions from the Treasury Committee, Facebook said: “Quantifying advertising revenue from companies not authorised by the FCA to promote a regulated financial product poses challenges.” Also Read: Eurozone growth smashes expectations [...]
‘System out of the dark ages’: HMRC overcharges people taking money from pensions by more than £44m October 29, 2021 Between July and September of this year HMRC refunded £44,659,174 to people who were over-taxed when accessing their pension, according to new figures released today. People accessing lump sums from their pensions will initially be taxed as if they will take the same sum every month for the rest of the tax year., so those taking a [...]
Crypto and Likvidi Warm Up For COP26 October 29, 2021 How much has traditional finance depleted the world of its resources and how responsible is it for global warming, the real phrase for what was rebranded as ‘climate change’ by vested parties? Those in crypto are particularly fidgety when it comes to this subject. Aside from the boring tropes of money-laundering, drug-dealers and gun-runners profiting [...]
Crypto AM Daily in association with Luno October 29, 2021 This week in Bitcoin – A Crypto AM report from Russia With Jason Deane This week I was lucky enough to visit several Bitcoin mining facilities, including my own, in and around the area of the Russian town of Irkutsk, a few hundred miles north of the border with Mongolia. Although I’ve been mining consistently [...]
Prosecutions of company directors jump by 205 per cent as crackdown on Covid fraud begins October 29, 2021 The number of company directors convicted of criminal activity during the pandemic has risen 205 per cent to 122 in the year to 30 September, up from just 40 for the same period to 30 September of last year. This trend is set to continue as the Insolvency Service takes an increasingly tough stance on [...]
Swipe right for a job: Brits turn to dating apps for their next career move October 29, 2021 Dating apps are increasingly being used for networking and job-hunting purposes, it has emerged. One in 10 Brits admit that they turn to the likes of Tinder, Bumble and Plenty of Fish exclusively for networking or to find new employment. according to new research shared with City A.M. today. Additionally, nearly one in 10 people [...]
Climate change tech: What heat pumps could do for your home, and your wallet October 29, 2021 As the energy crisis rages on amid rising gas prices, UK householders are facing a change in the way we heat our homes to tackle climate change. Here are some answers to the key questions about one of the main technologies we could use instead of gas boilers. First, what is a heat pump? In [...]