City A.M. Awards 2023: Innovative Company of the Year February 15, 2023 The City has always thrived on the back of innovation and these firms have it in their DNA. We honour the big ideas and fast-moving firms who are helping to define the future of the Square Mile. CURRENCYCLOUD Making it easier to transfer money abroad is a common theme in the fintech world but it [...]
City A.M. Awards 2023: Accountancy Firm of the Year February 15, 2023 Auditors and accountants have spent plenty of time in the spotlight in recent years, but some firms are leading the way in putting audit and accountancy’s reputation back on the right track – and some are choosing innovative ways to respond to today’s challenges. BEGBIES TRAYNOR The country’s leader in “business rescue and recovery” has, [...]
Richard Branson’s failed Virgin Orbit satellite launch was caused by dislodged fuel filter February 15, 2023 A dislodged fuel filter caused last month’s failure of the first attempt to launch satellites into orbit from the UK, Virgin Orbit has said. This caused an engine to overheat, leading to the malfunction of components and the premature shutdown of the LauncherOne rocket’s thrust, according to the company founded by billionaire Sir Richard Branson. [...]
City A.M. Awards 2023: Insurance Company of the Year February 15, 2023 In partnership with The insurance sector has had an extraordinary year, dealing with natural disasters and climate change on the one hand and investing at pace on the other. This year we’re looking not just at insurers who are delivering for shareholders but those looking to take the lead in greasing the wheels of the [...]
Nicola Sturgeon: SNP leader and Scotland’s First Minister expected to resign February 15, 2023 Nicola Sturgeon will stand down as First Minister of Scotland after eight years, the BBC has reported. The First Minister will speak at a hastily-arranged press conference from her residence at Bute House in Edinburgh at 11am. It is not yet clear if she will stand down immediately, or continue in the role until a new Scottish [...]
UK inflation drops for third straight month in sign Bank of England is nearing end of interest rate hikes February 15, 2023 Inflation in the UK is falling faster than experts expected which may convince the Bank of England to consider ending its aggressive campaign to tame prices with interest rate rises, official figures out today reveal. The rate of price increases in Britain dropped to 10.1 per cent last month, down from 10.5 per cent in [...]
Keir Starmer confirms Jeremy Corbyn will NOT stand for Labour at next election February 15, 2023 Labour leader Sir Keir Starmer has confirmed Jeremy Corbyn will not stand as a candidate for the party at the next general election. It came as the Equality and Human Rights Commission (EHRC) announced they were concluding their monitoring of the party following an investigation into antisemitism. The former leader had the party whip suspended [...]
Twitter: Musk wants new CEO by end of year, as he warns of AI regulation and insists there are no aliens February 15, 2023 Billionaire Elon Musk has said he anticipates finding a chief executive for Twitter “probably toward the end of this year”. Speaking via a video call to the World Government Summit in Dubai, Musk said making sure the platform can function remained the most important thing for him. “I think I need to stabilise the organisation [...]
Dunelm’s profits dip as end of home improvement boom and high inflation eats into margins February 15, 2023 Homewares retailer Dunelm today said its profits have dipped since the pandemic due to soaring inflation and the end of the Covid house improvement boom. The Leicestershire firm said higher prices and slower sales had caused its pre-tax profits to drop by 16.6 per cent to £117.4m. Dunelm’s results come as the amount of [...]
Barclays cuts bonus pool as profits tumble eight per cent on £500m provisions for loan defaults February 15, 2023 Barclays performed worse than expected in the final quarter of 2022, as higher expenses and an increase in bad loan provisions weighed on performance, leading to a £200m bonus cut for top staff. Profit fell in the quarter after the bank set aside £498m in impairment costs in case of bad loans, compared to a [...]
