Collapsed crypto exchange FTX looks to claw back Bankman-Fried’s political donations December 20, 2022 The collapsed crypto exchange FTX is looking to claw back the hefty political donations made by its founder Sam Bankman-Fried as its new management team tries to recover customers’ cash and repay a long list of creditors. In a statement today, the firm said it had been approached by a number of recipients of “contributions [...]
Just Eat gets standard stock listing December 20, 2022 Food delivery app Just Eat switched to a standard listing on the London Stock Exchange. Previously, it held a ‘premium listing’. A premium listing comes with additional caveats and with the standard listing, trade for Just Eat stocks is easier. Along with its listing on LSE, it remains listed Euronext Amsterdam. The company holds 45 [...]
London City Airport – Looking to the Future in 2023 December 20, 2022 | Sponsored Message from Robert Sinclair CEO, London City Airport I wanted to start with a thank you to all the City AM readers that have flown through London City in 2022. There was a short spell, if you can remember it, at the start of the year when the prospect of travelling even across London, never [...]
UK government stumps up £12m to make 5G tech green and accessible December 20, 2022 The Department of Culture, Media and Sport is funding a £12m international project to make 5G telecommunication green and more accessible across the UK. The project named Towards Ubiquitous 3D Open Resilient Network (TUDOR) plans to use AI to improve the efficiency of 5G and in due course 6G infrastructures. TUDOR is led by the [...]
Elon Musk: Claim that poll about quitting was to catch bots is ‘interesting’ December 20, 2022 Elon Musk has called the idea that his poll on whether to remain Twitter’s chief executive was intended to catch bots “interesting”. Musk was replying to internet entrepreneur and political activist Kim Dotcom on Twitter who said: “I’m hoping that Elon did this poll as a honeypot to catch all the deep state bots.” Since [...]
Truphone sale jeopardised, founder puts in last-minute bid to buy back company December 19, 2022 A last minute bid from Alexander Straub, has jeopardized the sale of Truphone. Straub is one of the founders of Truphone. The company is a GSMA accredited global mobile network headquartered in London that operates its service internationally. It has an annual revenue of £45.62 m. Shares in the company were put up for a [...]
European regulator injects hope into AstraZeneca’s bid to tackle cancer December 19, 2022 The European Medicines Agency has handed AstraZeneca a number of recommendations and one approval for a trio of cancer drugs the Big Pharma firm is looking to market in the continent. AstraZeneca’s cancer drug Enhertu has been given the green light by the European regulator for use among patients with gastric cancer. Around 136,000 cases [...]
Ofcom should regulate Netflix, says Rishi Sunak after Harry-Meghan row December 19, 2022 Rishi Sunak has proposed a change in law that would bring online streaming services like Netflix under Ofcom regulations. The Media Bill announced by the Boris Johnson government in May 2022 first suggested giving Ofcom regulation over streaming companies based overseas. Sunak has affirmed that there will be no change in this agenda. Currently, viewers [...]
Music Licensing Inc announces plans to list on NASDAQ December 19, 2022 Music Licensing Inc, a leading music and performance rights licensing company has announced plans to list on NASDAQ. The company has filed necessary paperwork with the Financial Industry Regulatory Authority (FINRA) to confirm its eligibility. In June 2022, Pro Music Rights, Music Licensing Inc’s main holding, was valued at nearly £350 m. In regards to [...]
Liberty Global’s Andrea Salvato may be new Vodafone Chief December 19, 2022 Andrea Salvato is a contender for the top job at Vodafone according to latest reports from London’s telecom sources. Nick Read, Vodafone’s current CEO will step down at the end of the year after a financially turbulent quarter for the telecommunication giant. Beginning of December, the company had seen a 44 per cent decline in [...]