Donelan’s data law reform lag raises eyebrows data reform Digital secretary Michelle Donelan has faced criticism over her decision to halt the data reform bill, with experts suggesting that changes will cause more harm than good when carving out the UK’s post-Brexit path. Speaking at the Tory party conference yesterday, Donelan said draft legislation first introduced in July would be paused so ministers could [...]
Productivity after sight-loss City Talk Hugh Bassett Worldwide, over 1.1 billion people are living with unaddressed sight loss. This can vary in severity,but in many cases, it is intuitive that this will lead to a lack of productivity. Sight loss can cause orexacerbate poverty through reduced employment prospects and work productivity, as well asadversely affect educational opportunities and outcomes. This [...]
17,000 construction firms risk collapsing any minute as high inflation is ‘destroying entire sector’ Sector in demise The number of UK construction companies at significant risk of closure has jumped 54 per cent to 16,755 this quarter, up from 10,686, according to fresh data shared with City A.M. this morning. Construction companies are struggling to cope with spiralling construction costs, inflation and rising interest rates on their debt. In the last quarter [...]
Telecom Plus shares surge as customers snap up bargain deals October 3, 2022 Telecom Plus shares surged over 20 per cent this afternoon after the utility services giant hiked full-year profit guidance after posting record customer growth during the first half of the year. The company nabbed 86,004 new customers in the six months to September, taking its total customer base to 814,684 and representing an annualised growth rate of [...]
Socially conscious insurer Lemonade makes first entry into UK market October 3, 2022 New York insuretech company Lemonade Inc today launched in the UK market with a view to disrupting Britain’s centuries-old insurance sector with its socially-conscious, AI-driven business model. The digital insurer aims to break the “cycle of distrust that plagues the insurance industry” with its pledge to cap its margins at 25 per cent by donating [...]
Luxury resort developer jailed for 12 years over £226m fraud September 30, 2022 A “thrice bankrupt fraudster”, who lost investors almost £400m through a “fatally flawed” Caribbean property scheme, was jailed at Southwark Crown Court today. David Ames, 70, a former double-glazing seller from Essex, was sentenced to 12 years in prison today, after being convicted of defrauding investors of £226m. Ames’ Harlequin property development company collapsed in [...]
October 1st – Punter Podcast Summary September 30, 2022 In our new feature, get all of City AM racing editor Bill Esdaile’s weekend tips in a short, summary episode of the Punter Podcast alongside Chris Barnett. The full weekend preview is also available on the City AM website. The Punter ‘The Punter’ has been City AM’s dedicated sports betting section for over a decade [...]
EP: 162 Newmarket, Ascot, Longchamp & Hong Kong September 30, 2022 What a magnificent couple of day’s racing we can look forward to this weekend. On Saturday, Newmarket stages the Group 1 Sun Chariot Stakes, whilst Ascot and Redcar complete the afternoon line-up. Saturday and Sunday sees the prestigious Prix de l’Arc de Triomphe meeting taking place in Paris. We speak to French trainer Francis Graffard [...]
BBC slashes nearly 400 jobs as licence fee squeeze continues September 29, 2022 The BBC has slashed nearly 400 jobs from its world service division as the broadcaster feels the increasing pressure of the licence fee freeze. The Beeb said it would be moving towards a “digital-first” strategy for the BBC World Service, cutting 382 posts in the process. “Changing audience needs around the world – with more [...]
Curing a village of needless blindness September 29, 2022 In a rural fishing and farming village in Morang District of Nepal, a team from the Tej Kohli & Ruit Foundation set up a screening camp on 15th August 2022. From the village, over 150 people were screened and 23 of those were found to be living with cataracts. This is an extremely common form [...]