City exclusive: Cordiant Capital’s co-CEO on how to make money in the crowded world of digital infrastructure City exclusive Amid an increased focus on digital infrastructure, data transfers and online storage in practically every market around the world, investment giant Cordiant Capital listed its Cordian Digital Infrastructure arm in London last year. Time for City A.M. to catch up with Benn Mikula, co-CEO and managing partner at Cordiant Capital, to see how things are [...]
Crypto crash: Sharp falls will increase calls for regulation, say analysts BITCOIN DRAMA BITCOIN remained some 30 per cent down on the year last night as the crypto crash which saw a host of ‘coins’ drop significantly in value at the back end of the week showed no signs of an immediate halt. The ethereum coin was trading around $2,000 over the weekend, having hit as high as [...]
Heathrow hits back after Virgin Atlantic says airport ‘fleecing’ passengers with ‘disproportionate’ fees TURBULENT SKIES THE EXTRAORDINARY public spat between two of the world’s largest airlines and Heathrow airport moved into another stratosphere yesterday after Virgin Atlantic’s boss said Heathrow was “abusing its monopoly to fleece passengers.” Both Virgin and BA-owner IAG have hit out at Heathrow after the airport asked the Civil Aviation Authority (CAA) to allow it to [...]
Today: Tens of thousands of Post Office workers stage a strike as they demand more pay May 3, 2022 A one-day strike by Post Office workers in a dispute over pay started this morning. Members of the Communication Workers Union (CWU) voted overwhelmingly in favour of industrial action in April. The union said the strike is over a pay freeze for 2021 and the offer of a 2 per cent increase from April this [...]
Issa brothers in talks to sell petrol station empire May 1, 2022 The owners of Asda are in talks to offload their petrol forecourt business, according to a report in the Sunday Telegraph. The Blackburn-based Issa brothers have been in discussions with a Canadian shopping giant, Couche-Tard. The forecourt business has been remarkably successful for the Issa brothers and their firm, EG Group. It is said to [...]
Polestar 5: new electric Porsche-rival is being developed in Britain February 21, 2022 Polestar has a new R&D division in Coventry to mastermind its EVs, starting with the Polestar 5 – a competitor for the Porsche Taycan.
The Analyst: A Silicon Valley report card February 18, 2022 Ian Whittaker has been a City analyst for more than two decades, and what he doesn’t know about media, advertising and the creative services industry isn’t worth knowing. Here’s his monthly column for City A.M. THE YEAR is going quickly. From an analyst perspective, a lot of that has to do with the fact that [...]
Editorial: Truss lets the cat out of the bag on ruinous NI hike February 16, 2022 Lest there had been any suspicion about the feline characteristics of the four-legged creature in the sack, Foreign Secretary Liz Truss confirmed what we had all suspected last night. The cat, as they say, is out of the bag. In a radio interview with LBC yesterday Truss – when asked about the coming National Insurance [...]
Editorial: Can buy now pay later firms be blamed for consumers’ poor decisions? February 15, 2022 It is tempting to think of buy now, pay later as financial innovation. In truth it is not; it’s merely a new adaptation of an unsecured credit agreement. For all the adverts and branding, buy now pay later operators offer you the chance to pay in three instalments, rather than one. Firms make money from [...]
Exclusive: What the departure of Lloyd’s of London would mean for the City February 14, 2022 Lloyd’s of London may be leaving its gigantic headquarters in the City. A pandemic-induced hit to office footfall has left it mulling a move to another location. The company told City A.M. recently it is weighing up leaving iconic headquarters’ as it seeks out ways to adapt to shifts in working habits brought about by [...]