Sorrell set to call in former WPP Colin Day to help with S4 stock turnaround August 1, 2022 Sir Martin Sorrell is expected to call in former WPP exec Colin Day to help bolster S4 Capital's capabilities this week as the marketing giant battles a plunging share price.
Developers warned: House-building in three West London boroughs stalled until 2030 over lack of power July 29, 2022 Developers in three West London boroughs have been warned they may not have electricity capacity for new homes until 2030. The Greater London Assembly (GLA) wrote to developers in Hillingdon, Ealing and Hounslow this week, airing concerns about “availability of electricity capacity” which could stall new homes. It said power companies were warning developers “electricity [...]
Rishi Sunak vs Liz Truss: Last night’s Tory leadership debate fact-checked July 26, 2022 Last night Tory leadership hopefuls Rishi Sunak, a former chancellor, and Liz Truss, the current foreign secretary, went head to head in a live TV debate on the BBC. Following the debate, City A.M. caught up with Will Moy, chief executive of Full Fact, to fact check the various statements that were made during the [...]
Elon Musk denies affair with Google co-founder’s wife Nicole Shanahan July 25, 2022 Elon Musk pushes back against rumours that he had an affair with Google co-founder Sergey Brin’s wife. It comes after the Wall Street Journal reported that Musk’s alleged affair with Nicole Shanahan had caused a rift with Brin. Replying to the story on Twitter, the billionaire entrepreneur said the report was “total bs”. Musk added [...]
‘For f*** sake!’: Liz Truss-supporting Nadine Dorries mocks Rishi Sunak over expensive £3,500 Herbert suit and Prada shoes July 25, 2022 Former Chancellor and Tory leadership frontrunner Rishi Sunak was today mocked over his expensive taste in clothing. The sneer came from Culture Secretary Nadine Dorries. Dorries, a supporter of Sunak’s leadership rival Liz Truss, pointed to reports that the millionaire former chancellor has been pictured wearing a £3,500 suit and £490 Prada shoes. She said [...]
S4 Capital shares tank 40 per cent as Sorrell’s brainchild issues profit warning July 21, 2022 Shares in S4 Capital tanked over 40 per cent this afternoon after the advertising giant issued a profit warning.
Mike Ashley’s Frasers Group posts record profits as retailer’s revenues surge July 21, 2022 Frasers Group today posted “record” pre-tax profits after the group’s revenues grew 30.9 per cent, to heights of £4.75bn. The revenue growth saw Mike Ashley’s retail conglomerate post “record” adjusted profits before tax of £344.8m. The record results come after the firm posted pre-tax profits of just £8.5m in 2021, due to the impacts of [...]
Boris Johnson urges next PM ‘not to always listen to Treasury’ in parting shot at Rishi Sunak July 20, 2022 Outgoing Prime Minister Boris Johnson said big infrastructure projects would not have been built “if we’d always listened to the Treasury” in an apparent parting shot at his former chancellor Rishi Sunak. The Prime Minister gave some “words of advice” to his successor during his final Commons appearance, which included: “Cut taxes and deregulate wherever [...]
Keir Starmer on Boris Johnson: ‘A complete bullsh**ter who bullsh**s about everything’ July 20, 2022 Labour’s leader said this morning the outgoing Prime Minister had been “found out” as the country has a sense that “this guy doesn’t mean a word that he says”. Sir Keir Starmer called Boris Johnson a “complete bullshitter” who “took the piss” out of the public with his partygate explanations. Asked for his honest assessment [...]
Twitter v Elon Musk: Takeover trial fast-tracked to October July 19, 2022 Twitter's attempt to force Elon Musk to complete his $44bn takeover has been fast-tracked to October, with the social media titan arguing that any further delay would cause damage to the business.