City Moves: Who’s switching jobs in the Square Mile? October 25, 2022 City A.M.’s Millie Turner provides a roundup of the most important hires and job moves across the City, every morning. Email citymoves@cityam.com to be featured. Danske Bank Dankse Bank has promoted a current senior independent director on the board as chairman to replace Gerald Gregory, who will leave the bank after nine years. Martin Stewart will take up the role at the [...]
A blank cheque for two years of capped energy bills was a perverse kind of plan October 25, 2022 It was always perverse to ask the taxpayer to write a blank cheque for two years as part of the energy support package and ignore the huge potential gains in increasing our energy efficiency.
Meta will be forced to sell Giphy as the CMA falls for the dangerous myth of ‘big is bad’ October 25, 2022 . Regulators around the world are intent on breaking up the largest tech companies, and now they have a model that works — even if it's dangerously detached from reality.
No, it’s not sci-fi. Robots really could help dig us out of our low productivity spiral October 25, 2022 Earlier this month, a robot named Ai-Da gave evidence to the House of Lords on the future of the creative industries. The members of the Lords Communications and Digital committee were fairly quite stumped. For all its weirdness, this episode proved a point: robots are among us. When thinking of robots, many of us imagine [...]
Dishy Rishi has a lot on his plate and there’s little time to waste October 25, 2022 Rishi Sunak may not have lots of time on his hands, but one book is perhaps worth reading. In his recent tome Stupid Bankers, Irish author Paul Kilduff makes the case that sometimes – just sometimes – it really can be one individual that changes the course of financial history. Nick Leeson, for instance, crashed [...]
Watchdog eyes Big Tech push into UK financial services sector October 25, 2022 The presence of Big Tech in the UK’s financial services market has caught the eyes of the regulator. The Financial Conduct Authority (FCA) is seeking views on the possible competition harms and benefits of the Big Tech push into financial services sectors and the infrastructure on which it is based. Sheldon Mills, executive director of [...]
Immersive Gamebox inks £80m worth of franchise deals as ex-PizzaHut chief steps in October 25, 2022 London gaming platform group Immersive Gamebox has inked nearly £80m worth of franchise deals over the next three years. The deals will see the company, which has bases in London Southbank and Wandsworth, expand to more than 250 locations. The company has recently appointed a new chief operating officer, former Pizza Hut and BrewDog executive [...]
Beauty parade? Dyson to invest half a billion in expanding grooming offering October 25, 2022 Engineering giant Dyson is set to invest half a billion into expanding its range of beauty products, as the technology and beauty industries converge. The British company’s Airwrap hairstyler, which has graced the beauty tables of most internet influencers, has been a best-seller for several years now. And has prompted popular ‘dupes’ from the likes of Revolution [...]
Millions face difficulty paying mortgage if rates hit six per cent, says Morgan Stanley October 24, 2022 Millions will face difficulties paying their mortgages if rates hit six per cent, a research note issued by Morgan Stanley has warned. The US bank said there is “significant stress” building in the UK’s mortgage market, as house prices spiral out of control and the Bank of England seeks to tame rising inflation. Last week, [...]
