By: Jennifer Sieg

SME Correspondent Jennifer Sieg is an SME correspondent and editor of Ambition A.M., City A.M.'s weekly newsletter for all things entrepreneurship. She is also the host of Founder Favourites podcast, interviewing some of the UK's most interesting and up-and-coming founders. Email: jennifer.sieg@cityam.com

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Reported cyber security breaches increase threefold for financial services firms

September 25, 2023

Cyber security breaches for UK financial services firms have increased threefold from the years of 2021-2022 and 2022-2023, with the highest – reportedly – being in the pensions sector. New research by the international law firm RPC shows that the amount of reports of cyber security breaches to the Information Commissioners Office (ICO) has increased [...]
The Pensions Regulator investigates Wilko family dividends

September 24, 2023

The Pensions Regulator is scrutinising the dividends withdrawn from Wilko as part of an inquiry into the high street discount chain’s downfall. The chain collapsed in August, putting over 12,000 jobs at risk, and now family shareholders are facing pressures to fill a £56m deficit in its pension fund, the Sunday Times has reported. It [...]
Shein reaches £1bn in UK sales with tax bill of just £2.3m

September 24, 2023

Fast fashion giant Shein has made over £1bn-worth of sales within the first two years of its UK presence.
Crisis-hit CBI strikes emergency funding deal with banks

September 24, 2023

The CBI has managed to secure emergency funding after the race to raise cash forced the scandal-hit lobby group to cancel its annual general meeting last week.
Cazoo share price plummets further as it agrees $630m debt-for-equity swap

September 20, 2023

UK online car retailer Cazoo has entered into is a restructuring agreement as it looks to “deleverage” its capital structure.
Horizon 22: Europe’s highest free viewing gallery opens doors next week

September 20, 2023

Horizon 22, London's newest and highly anticipated viewing gallery, will open its doors to "welcome and wow" guests next week.
CBI postpones crunch AGM amid ‘short term cash flow’ issues and race to raise £3m

September 19, 2023

The Confederation of British Industry (CBI)’s annual meeting meant to take place Wednesday has been postponed, prompting more concerns about the finances of the crisis-hit lobby group. Following a race to raise £3m within days of its scheduled annual meeting, the CBI announced its postponement in a message to members on Tuesday afternoon. “At the [...]
UK ninth ‘freest country’ in new ranking despite ‘alarming’ declines in key areas

September 19, 2023

The UK climbed seven places to rank ninth freest country in the world between 2020 and 2021, despite "alarming" declines in some areas.
London house prices are falling – these are the boroughs where prices are down the most

September 19, 2023

London’s housing market is gearing up for “key selling season” with a reduction in prices, before an uptick in activity is anticipated during the autumn months. Fresh data in Rightmove’s House Price Index shows there has been an overall monthly seller asking price rise by 0.4 per cent this month, which is 0.2 percent lower [...]
Sizewell C seeks outside investment as TASC granted permission to appeal

September 19, 2023

Sizewell C will now welcome outside investors to register interest, despite Together Against Sizewell C (TASC) being granted permission to re-challenge the build. Housing two of the world’s “most powerful” reactors, nuclear power plant project Sizewell C, which was approved in July last year, is expected to introduce 10,000 jobs across the UK and power [...]

Bitcoin minnow Smarter Web Company joins ranks of UK’s most valuable businesses

ICC set to create cricket game to rival Fifa

Nyetimber: English sparkling wine group aims to build a global brand

By: Jennifer Sieg

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