Mining giant Vale accused of knowing ‘something wrong’ in Guinea iron ore deal February 18, 2022 BRAZILIAN mining giant Vale withdrew a $1.85bn High Court claim against billionaire Beny Steinmetz over an iron ore venture in Guinea just days before Steinmetz’s lawyers were due to present evidence which alleges that the Vale board knew there was “something dodgy” in a deal to procure mining licences in the country, City A.M. understands. [...]
The Elizabeth Line in pictures: Our first look at Crossrail February 8, 2022 It’s almost here. Almost fifteen years after being granted approval by government, the Elizabeth Line is set to open in just months. City A.M. Editor Andy Silvester went underground to see the line’s progress – trusty iPhone camera in tow. I THINK people are going to be impressed” are TfL Commissioner Andy Byford’s last words [...]
Time for a plan for growth, not endless Westminster tittle-tattle February 8, 2022 In the grand scheme of political endorsements, “not a complete clown” sits somewhere between Lyndon B. Johnson describing President Gerald Ford as a nice guy who played too much American football without a helmet on and Churchill describing Clement Attlee as a sheep in sheep’s clothing. What makes it unusual is that the man offering [...]
Football review MP: Transfer window shows need for reform February 2, 2022 THE MP BEHIND a wide-ranging review of football governance has said the latest transfer window has shown the need for reform of the game. Premier League clubs spent £295m in the January window, one of two across the year in which clubs can buy and sell players. But only £1m of that spending was on [...]
The City View: January 18: A bumper tech deal and aviation January 18, 2022 https://omny.fm/shows/the-city-view-city-ams-daily-podcast/the-city-view-january-18-aviation-and-a-bumper-mic Today Andy Silvester is joined by Skytra’s Co-Founder and Chief Sales and Marketing Officer Elise Weber, and by City A.M.’s Leah Montebello for news about a mega-deal struck between Microsoft and Activision Blizzard. Andy also takes us through the headlines, including news about the impact inflation is having on Britons’ wallets and a warning [...]
‘New Hubble’ telescope lifts off December 25, 2021 The $10bn successor to the Hubble telescope has successfully launched into space today. The James Webb telescope launched from French Guiana after years of work which, scientists believe, will make it around a hundred times more powerful than its famous predecessor. It is hoped the telescope will be able to pick up images of the [...]
The City View: December 10: Gas prices and new restrictions December 13, 2021 In today’s episode Andy Silvester speaks to City A.M’s energy correspondent Nicholas Earl about the ongoing drama of gas price spikes – and how it links to Russian aggression in Ukraine.
City’s dominance looks welcome sign of post-Brexit innovation December 8, 2021 If the capital is a golden goose, it is looking well-stuffed indeed ahead of Christmas. The latest numbers from TheCityUK on the scale of the UK’s financial services industry serve as a healthy reminder of just what a competitive advantage the industry gives both London and the UK more broadly. If anything, the most extraordinary [...]
The City View: December 7: Interest rates and the future of SSE December 7, 2021 In today’s episode, City A.M. editor Andy Silvester sits down with economics and markets correspondent Jack Barnett to read the runes on the latest economic data and what it might suggests about the Bank of England’s next move. Andy also looks at new house price numbers, trouble with activists at SSE and growing activity from [...]
The City View: December 6: Inflation, Labour’s pro-business push and flooding risks December 6, 2021 Today Andy Silvester looks at a warning from a top Bank of England rate-setter, news from the digital ads market, Chinese property firm Evergrande’s latest struggles against its debt burden and more news on the new Covid variant. Andy is also joined by Sascha O’Sullivan and Elena Siniscalco, who offer their views on politics, Keir’s [...]
