Week ahead: Bank of England to rock markets with 75bps rate hike October 30, 2022 Markets are preparing for a steep rate hike by the Bank of England on Thursday, but not as bad as first feared after former prime minister Liz Truss’s tax cutting mini-budget last month. London’s premier FTSE 100 index posted a decent performance last week, adding 1.12 per cent to close at 7,047.67 points, while the [...]
Bulb deal signals energy sector shift as Octopus boosts customer base October 30, 2022 Octopus has wrapped up a deal for Bulb. Here, City A.M. recounts the bidding war and what it means for the energy sector.
Musk mulls ring-fencing Twitter ‘beef’ with different ‘versions’ of site October 29, 2022 Elon Musk has suggested that Twitter could be split up into maturity-rated content streams to ring-fence harmful and extreme posts, as the debate over moderation of material on the site rages on.
Ministers rubbish Russian claims Britain was behind Nord Stream attack October 29, 2022 The Russian defence ministry has accused the British navy of attacking and rupturing the Nord Stream gas pipelines last month, a claim that British ministers described as an attempt to divert attention away from military failures in Ukraine.
Doge price up more than 50% and SHIBA INU 25% on back of Elon Musk’s Twitter acquisition October 29, 2022 The price of Dogecoin has jumped 30 per cent in the 24 hours since Elon Musk bought social media platform Twitter.
Sacked Twitter chiefs could pocket $122m in payouts October 29, 2022 The three top Twitter chiefs sacked by Elon Musk could be in line for payouts worth $122m, according to a research firm.
Octopus Energy snaps up collapsed rival Bulb October 29, 2022 Octopus Energy has struck a deal to snap up its collapsed rival Bulb today, ending the period of ‘special administration’ that has seen billions pumped into the firm by the government.
Tech giants plunge in value after weak earnings October 29, 2022 US tech giants have had more than $250bn wiped off their value in the past week as investors fled in the wake of a weak set of quarterly earnings and warnings of an advertising slowdown.
Mayor meets with neurodiversity campaigners in bid to make capital world-leader October 29, 2022 London Mayor Sadiq Khan has met with leaders of a campaign to encourage more neurodiversity in the business world. The term is a relatively new one but encompasses individuals with conditions including autism, ADHD, dyslexia and dyspraxia amongst others. Dan Harris, the CEO of Neurodiversity in Business (NiB), told City A.M. that whilst individuals “may [...]
Rollercoaster tycoon: Billionaire owner of Camden Market launches amusement park for kids October 29, 2022 The owner of Camden Market has launched a new three-storey 35,000 sq ft amusement park for children, complete with a rollercoaster. Billionaire businessman Teddy Sagi opened the Babylon Park site this week, replicating similar ventures in 20 locations around the world. In June of this year, Sagi put Camden Market up for sale and delisted [...]
