Exclusive: Pandemic has exposed lack of data literacy amid growing digital skills gap October 5, 2021 Throughout the coronavirus pandemic, key decisions have been made hastily and without the use of data, according to a new survey among thousands of key decision makers across the UK. which was shared exclusively with City A.M. The study shows widespread concerns about data skills despite the vast majority of C-suite executives (75 per cent) [...]
Melrose warns chip shortages and rising costs are impacting its GKN business October 5, 2021 Turnaround specialist Melrose Industries has warned over a hit to trading from worsening chip shortages and supply chain problems. The owner of engineering giant GKN said its automotive and powder metallurgy divisions are taking the brunt of the impact, with car production globally being hampered by a shortage of semiconductor chips. Melrose said: “The timing [...]
Sit down: The CEO of the UK’s first-ever space flight regulator October 1, 2021 The UK’s recently unveiled space regulations mark a “really important milestone” for the country as an island emerging from a pandemic following Brexit, the boss of the UK’s aviation watchdog has told City A.M. Civil Aviation Authority (CAA) boss Richard Moriarty – the regulator now responsible for space flight – explained fresh rules governing the [...]
ASOS brings 180 jobs to Northern Ireland as it launches tech hub in Belfast September 28, 2021 Northern Ireland’s Economy Minister Gordon Lyons this morning announced that online fashion retailer ASOS will invest £14m in a new Tech Hub in Belfast which will create 184 new jobs over the next three years. The new Belfast hub will be operational in early 2022, with 52 dedicated roles in the first year, growing to [...]
Space nation: UK looks to make finance more accessible for space tech firms September 27, 2021 The UK is looking to grow itself into a space nation, according to the government’s space strategy published today, as it looks to make finance more accessible for space tech firms. It marks what prime minister Boris Johnson called the “start of the countdown”, as the country readies itself to begin sending its first launches [...]
Undisclosed companies gain access to facial data collected by NHS app September 24, 2021 Undisclosed companies are reportedly analysing facial data collected by the NHS app, which has gained popularity after becoming the easiest way to access Covid-19 vaccine certificates. The NHS app, separate to the Covid-19 app and downloaded by some 16m, uses facial verification software for ID checks when signing up. French call centre specialist Teleperformance, which [...]
The ICAS public voice – the corporate ecosystem post-covid September 23, 2021 | City Talk As we begin to emerge from Covid-19, a key strand in the public policy work undertaken by ICAS relates to reforming the corporate ecosystem. From a public interest perspective, our role is to share insights, shaped and informed by the views of ICAS Members, into the many complex issues and decisions involved in developing high-quality [...]
Post-Brexit ambitions: UK outlines 10-year plan to become global leader in AI September 22, 2021 The UK has outlined a 10-year plan today to make the country a leader in Artificial Intelligence (AI), in a bid to draw in foreign investment and shape the way it is regulated globally. In the country’s first AI strategy, which comes amid London Tech Week, the UK has proposed a new white paper on [...]
Exclusive: Chatrooms and Reddit groups increasingly drive traders’ decisions September 22, 2021 Chatrooms and social media groups are increasingly driving UK traders’ investment decisions, according to new data that was exclusively shared with City A.M. today. UK investors are catching the investment chatroom bug with nearly one in ten regular traders using chatrooms to research ideas, ETP provider GraniteShares has found. Subreddits such as WallStreetBets are increasingly [...]
Tech leaders can power a green future September 22, 2021 | Sponsored Experiences in digital era will guide them in climate transformation, says Danielle Ullner, Managing Director and Partner at BCG Digital Ventures in London. When BCG Digital Ventures was founded seven years ago, “digital” was still a daunting term for many corporate leaders. They had little concrete idea what digitalising their operations or launching entirely new [...]