Google AI unit reports huge losses December 17, 2020 DeepMind, Google's artificial intelligence unit, reported pre-tax losses of £460.9m in 2019.
Ads giant WPP turns to tech to restore growth after accounting error December 17, 2020 WPP, the world's biggest advertising company, set out its plans to restore revenue growth to pre-pandemic levels by 2022.
Pimlico Plumbers flush with cash despite pandemic pressure December 17, 2020 Pimlico Plumbers has defied the potential impact of coronavirus on its books and increased its pre-tax profits in its latest financial year. The central London-based company achieved turnover of £43.27m for the 12 months to 31 May 2020. This is compared to £44.84m reached during its previous financial year. Pimlico Plumbers said the drop in [...]
Snakes and Ladders: Who is moving jobs in the City this week? December 16, 2020 Snakes and Ladders provides a roundup of the most important hires and job moves across the City
Ursula von der Leyen: ‘Narrow path to agreement’ in Brexit talks December 16, 2020 Ursula von der Leyen said there is a "path to agreement now" this morning, as hopes of striking a Brexit deal by the end of the week rise.
Sadiq Khan calls for additional £24m to house homeless Londoners December 16, 2020 The Mayor of London has called for £24m funding to house homeless Londoners as a matter of urgency as temperatures drop and Covid cases in the capital rise.
London’s most famous plumber Charlie Mullins: ‘I’d take another pandemic over Brexit every time’ December 16, 2020 Reflecting on the year that was, the coronavirus pandemic caused havoc in 2020 and helped to put this year down in the history books for the wrong reasons, London’s most famous plumber, Pimlico Plumbers’ founder and CEO Charlie Mullins, tells City A.M. this morning. “Having said that, I would relive this current crisis rather than endure [...]
Amazon to cut vehicle use in the City December 15, 2020 Amazon has teamed up with the City of London Corporation to reduce the number of delivery vehicles from City streets.
London in Tier 3: Will the City return to normal after Covid? December 15, 2020 The decision to move London into Tier 3 at midnight on Wednesday, following substantial rises in Covid-19 cases, may mean further delays to City workers returning to the office. This will come as another disappointment to the City as it had planned to entice workers back into their offices during a ”back to work week” [...]
Exclusive: Tech Nation’s top London startups revealed December 15, 2020 Tech Nation has announced London’s top five early stage tech companies as part of its Rising Stars competition. In what has been a difficult year for small firms, Tech Nation has picked some of the most innovative startups from the capital. In its third year, the Rising Stars programme is a national competition for innovative [...]