Small joy for Bitcoin and Ethereum with incremental rise as volatility continues November 14, 2022 Bitcoin was trading for $16,749 this morning, up by 1.14% in the last day, while Ethereum was up 2.63% at $1,261.
Not such a hard Brexit: Britain signs up to EU defence agreement November 14, 2022 Britain has signed up to a European Union defence agreement despite having severed ties with the EU. The High Representative of the European Union for Foreign Affairs and Security Policy, Josep Borrell, announced the move this week, in what appears to be a contradiction of the Brexit vote. Borrell, who is often viewed as the [...]
The Unsteady Rise & Decline of Poverty and How to Tackle It November 14, 2022 One of the largest issues that concern the world is poverty. Someone is described as living in poverty if they survive on less than $1.90 per day. From 2015 to 2018, global poverty continued to decline as it has done for the past 25 years. From 2015 to 2018, the number of those living in [...]
Explainer-in-brief: Amazon chases the robotic revolution in the retail space November 14, 2022 Amazon wants 100 per cent of its packaging to be managed by robots in the next five years. The retail giant is not far from this target, given three quarters of the packages it delivers have been – at least partially – wrapped up by a robot. Employees have been reassured that “the need for [...]
Klarna amps up super-app aims with price comparison tool November 14, 2022 Klarna is looking to become an “assistant for each and every step of your shopping journey”, one of the fintech firm’s top bosses told CityA.M. today, as it ramps up efforts to become a ‘superapp’ with a new price comparison tool. The Swedish buy-now-pay-later firm has launched the search and compare tool in its Klarna [...]
Wood Group forks out £97m to settle historic litigation case November 14, 2022 John Wood Group and its energy subsidiary Amec Foster Wheeler Energy are to fork out $115m (£97.6m) to settle a legacy litigation case with US energy services provider Enterprise. All parties have agreed on the settlement fee, which will be paid in one instalment within the next week, Wood Group announced this morning. Enterprise filed [...]
S4 Capital revenues jump despite tech slowdown November 14, 2022 Investors in S4 Capital saw a much-needed boost in share price today after the London-listed firm appeared to dodge the wider tech turmoil. The brainchild of WPP founder Sir Martin Sorrell revealed that like-for-like gross profit climbed over 29 per cent to £249.9m in the third quarter, with “whopper” client projects bolstering the company’s results. [...]
Administrators make millions from Debenhams’ demise November 14, 2022 Debenhams‘ administrators have made millions in fees since the department store went under in 2020. According to reports from The Times, FRP Advisory has made more than £7.2m in fees since Debenhams filed for insolvency The administrators managed the sale of the store’s brand and website to Boohoo for £55m in January 2021, and documents reveal [...]
Joules calls in administrators as rescue talks collapse November 14, 2022 Fashion and lifestyle firm Joules announced it had called in administrators and suspended trading on the London Stock Exchange this morning after emergency rescue attempts failed last week.
Lord Mayor says City must provide ‘financial resilience’ during UK recession November 14, 2022 The City must help provide “financial resilience” to help the UK get through the incoming recession, according to the new Lord Mayor of London. Nicholas Lyons, who is the 694th holder of the post, wrote in City A.M. today that “financial services industry must find ways to help people bridge this crisis by providing insurance [...]
