IT consultant ordered to pay £50,000 after being accused of stealing Soho House members’ personal details
BAE Systems plots £220m transformation to create hundreds of jobs October 29, 2024 Defence company BAE Systems is planning to invest £220m to transform its Rochester base into an “advanced technology” factory. The century-old site, which specialises in aerospace technologies and electronic systems, will be revamped into a “state-of-the-art” 32,000sqm facility. BAE Systems expects the bigger and “more efficient” factory will create 300 jobs over the next five [...]
Shop prices fall further in October despite fashion recovery October 29, 2024 According to the British Retail Consortium (BRC), shop prices fell 0.8 per cent in the year-to-October.
Wealth tax ‘could cost the UK £100bn in 10 years’ October 29, 2024 The UK is especially vulnerable to the ill effects of a wealth tax and could suffer a near £100bn hit to its GDP in a decade were one introduced, a paper out today has argued. A two per cent tax applied to those with a net wealth of £10m would incur a 0.4 per cent [...]
Social impact: from employee engagement to meaningful change October 29, 2024 Social impact is a subject close to City AM’s heart, and if the number of nominations we received for this year’s Dragon Awards for Social Impact is anything to go by, it’s something that’s taken seriously by an impressive number of businesses of all sizes. We’ve come a long way over the last 10 or 15 [...]
How we morphed a party outfit into a multi-million pound costume business October 29, 2024 How I turned an impromptu party outfit into a multi-million-pound business
“Genuinely uplifting” – The City AM Dragon Awards for Social Impact October 29, 2024 The rest of this week is going to be dominated by the Budget, so permit us a diversion today as this column focuses not on capital gains tax, investor sentiment or national insurance, but on the quiet, unassuming brilliance of so many people and so many businesses doing so many great things. In yesterday’s paper [...]
Top City tax barrister charged with tax evasion October 28, 2024 A top City tax barrister has been charged with tax evasion, it has emerged.
Chrysalis raises Klarna valuation ahead of fintech’s planned IPO October 28, 2024 Chrysalis raised the valuation it assigns to its stake in Klarna as the buy-now pay-later (BNPL) giant gears up for a hotly-ancitipated IPO next year.
US investor revives controversial Revolut share offer after FCA setback October 28, 2024 A US private equity firm is pressing on with a controversial effort to grow its stake in Revolut at a heavy discount, City AM can reveal, after its previous offer was scuppered by the City regulator.
Former Accenture exec Peter Lacy settles claim with consultancy giant October 28, 2024 Accenture’s former head of sustainability Peter Lacy has settled his employment case with the consultancy giant, City AM can reveal