Christmas sales were a moment of reprieve as high streets play whac-a-mole February 2, 2023 Even the biggest retailers were severely dented by the pandemic, strikes, inflation and rising energy costs. It might be a game of whac-a-mole, but the high street is ready for another year, writes Richard Curry.
London digital lender Zopa bags £75m for dealmaking push February 2, 2023 Digital lender Zopa today said it had raised £75m as it looks to kick off a major growth push and flurry of dealmaking in the coming months. The London-based fintech said the fresh funding round would be used to meet the capital requirements of its “growing balance sheet” as well as fund a major acquisition [...]
Global the big winner in new radio figures as Heart, Capital and LBC take top spot in London February 2, 2023 Global Media group have posted exceptional fourth-quarter results as record numbers of listeners tuned into their popular radio stations every week. The media and entertainment company amassed the highest-ever share of the radio market at 25.4 per cent, producing an unrivalled total of 258 million hours across all their platforms. An increase of listeners to [...]
Federal Reserve hikes rates 25 basis points in sign Powell is nearing end of inflation fight February 1, 2023 The US Federal Reserve has climbed down to the lowest interest rate hike in nearly a year in a sign the world’s most influential central bank is nearing the end of its aggressive campaign to tame a historic inflation surge. Fed chair Jerome Powell and the rest of the federal open market committee (FOMC) backed [...]
Ion Markets cyber attack disrupts derivatives trading February 1, 2023 Financial data group Ion Markets suffered a cyber attack yesterday, according to reports, which caused disruption to derivatives trading. The attack was “contained to a specific environment” and “all the affected servers are disconnected” Ion Markets said, according to a Financial Times report. City A.M. has approached Ion Markets for a comment. A statement made [...]
Architects of UK financial rules question direction of Edinburgh reforms February 1, 2023 Two leading architects of the UK’s financial regulations today questioned the idea of giving regulators a competitiveness mandate and warned that reforms to Solvency II could expose the financial sector to greater risks. In a Treasury committee hearing today, John Vickers, chair of the independent banking commission, doubted the idea of giving financial regulators a [...]
Tom Brady: Why it was time for the quarterback who literally changed the game to hang up his helmet February 1, 2023 “You only get one emotional goodbye,” reckoned Tom Brady in his retirement video yesterday. “I used mine up last year.” The greatest NFL quarterback of all time is taking off his helmet – for good this time, after the on, off and on again saga of last off-season. The truth is that it’s not before [...]
Tate Modern privacy ruling could see City restaurants and museums hit with more nuisance claims, lawyers warn February 1, 2023 City restaurants, museums and art galleries could be hit with more nuisance claims, lawyers have warned, after the Supreme Court ruled today that the Tate Museum’s viewing terrace intruded on the privacy of residents in a glass building right next to the gallery. Five residents of the Neo Bankside development on the South Bank took [...]
Future of UK tech talent visa uncertain after controversial closure of Tech Nation February 1, 2023 Tech chiefs have sounded the alarm over the future of Tech Nation’s lauded visa programme today after the start-up body announced it would wind down after controversially losing a major government contract.
UK to ‘use all tools’ available to crack down on thousands of firms that missed property register deadline February 1, 2023 The UK government has vowed to “use all the tools” at its disposal to crack down on the thousands of overseas companies that have failed to report their beneficial owners with Companies House’s new property register. The government pledged to fine and prosecute the “oligarchs and non-compliant organisations” that missed yesterday’s deadline to declare their [...]
