Insolvencies set to rise amid ‘perfect storm’ of rising rates and slowing economy, Kroll’s global restructuring lead warns June 29, 2023 Insolvencies are likely to rise amid a “perfect storm” of rising interest rates, higher costs and a slowing economy. “All the indicators show that insolvencies will rise and I think that our message is that management teams need to be taking advice earlier and recognising the problem earlier,” Sarah Rayment, the new co-lead of global [...]
Salesforce warns need to train workers in AI has ‘never been more urgent’ June 29, 2023 Companies urgently need to train staff how to use artificial intelligence tools effectively and safely, Salesforce’s UK & Ireland chief told City A.M. Chief executive Zahra Bahrololoumi said the need for “highly skilled people” who can use trustworthy data sources and protect sensitive data has “never been more clear nor urgent”. The comments come as [...]
Exclusive: London businesses shelve growth plans amid gaping skills gap June 29, 2023 London businesses are being held back by a shortage of staff who have the skills to excel in roles, exclusive research for City A.M. has found. Just over three in four firms in the capital are running into roadblocks when trying to find staff who have the necessary knowledge to propel their business, according to [...]
CAB Payments chief: Why we’re listing in London June 29, 2023 Bhairav Trivedi, the chief of Sutton-based money transfer firm CAB Payments, tells Charlie Conchie why he's listing in London
Revolution v Boohoo: A dummy’s guide to the beauty bust-up June 29, 2023 Why is Boohoo causing tears? Boohoo, which holds a 26.6 per cent stake in Revolution, wanted to boot out Revolution’s chief executive Bob Holt, chairman Derek Zissman and chief financial officer Elizabeth Lake. Boohoo wanted to replace them with three new people – New Look executive chairman Alistair McGeorge, Boohoo executive director Neil Catto and [...]
MPs back plans for national Holocaust memorial centre next to Parliament June 29, 2023 MPs have backed plans for a national Holocaust memorial centre next to Parliament despite several Conservatives raising concerns over its proposed location. The Holocaust Memorial Bill, to enable the development to go ahead in Westminster, was given an unopposed second reading in the Commons. Costs have increased by almost 35 per cent due to delays [...]
Mark Kleinman on banks, Ocado and London’s IPO market June 29, 2023 Mark Kleinman is City editor at Sky News Politics could push ministers to punish banks This is a cost of living crisis, not a banking crisis: if I had a fiver for every time a senior bank executive had said that to me over the last 18 months, I’d never need another mortgage of my [...]
Will millions of Brits flock down under following post-Brexit Aussie visa changes? June 29, 2023 From 1 July, Australia will increase the maximum age of its 18-30 working holiday visa to 35, allowing more than 16m young Brits to live and work down under. The change comes as a result of the recently announced Australia-United Kingdom Free Trade Agreement – the UK’s first since leaving the EU – which altered previous [...]
Traditional media revenue streams won’t stand a chance in a race with AI June 29, 2023 If social media challenged the traditional advertising revenue of media organisations, artificial intelligence threatens to annihilate it, writes Dominic Young.
Let’s be honest, ESG investing will actually hurt the environment June 29, 2023 When companies with poor environmental credentials are starved of capital, they become dirtier to avoid bankruptcy, writes Matthew Lesh
