‘I f****d up’: FTX founder scrambles for cash as Bahamas regulator freezes assets November 11, 2022 The founder of crypto exchange FTX admitted he “f*cked up” yesterday as his firm scrambles to raise emergency funds and stave off a collapse that could spark contagion across the industry.
City Moves: Who’s switching jobs in the Square Mile? November 11, 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. Merkle Customer experience management company Merkle has bolstered its media practice with a new head of agency sales. Michael Butler, who joins from Essence after 11 years, has worked with some of the UK’s top brands such [...]
The age of politics by WhatsApp has damaged our trust in transparency November 11, 2022 “We all know how it works”, said the then prime minister David Cameron in 2010. “The lunches, the hospitality, the quiet word in your ear, the ex-ministers and ex-advisers for hire, helping big business find the right way to get its way.” What Cameron didn’t know when he gave the speech, which explicitly linked “secret [...]
Sunak must choose between protectionism or global strength to remake Britain November 11, 2022 Sunak must reunite both party and country, which is in need of strong direction and thoughtful leadership.
If climate summits are to achieve progress, they should avoid the spirit of Glasgow November 11, 2022 Setting targets is easy. But we are at risk of repeating the same mistakes of Cop26.
Exclusive: Spirits set for double digit tax rise in industry’s largest duty hike since 1643 November 11, 2022 Distillers have warned that they’re being squeezed to the bone following the government’s decision to scrap the alcohol duty freeze. With massive increases in the cost of living, a tax increase of almost 16 per cent is set to hit consumers in the pocket just before Christmas. New industry analysis shows that the potential hike, [...]
Letters: Fertile ground for change November 11, 2022 [Re: Metro Bank, NatWest and Hospitality UK among top employers to back fertility pledge, Nov 2] I was delighted to read your news that companies are signing up to the Fertility Workplace Pledge as part of Nickie Aiken’s campaign. By committing to providing better support to women undergoing IVF, these organisations are helping to close [...]
Travel sector calls on Chancellor to ensure industry’s recovery in next week’s Budget November 11, 2022 The travel sector has called on Chancellor Jeremy Hunt to ensure the industry can “recover and thrive” as the UK gets ready for next week’s Autumn Statement. “Getting the right tax and policy framework would see travel businesses continue to build on a decent summer, paving the way for strong recovery, which would support jobs, [...]
Staff take legal action against Made after job losses announced over Zoom November 10, 2022 Staff are taking legal action against Made.com after being told they would lose their jobs over Zoom yesterday afternoon. About a dozen employees have instructed law firm Aticus to pursue the legal challenge after being made redundant when the collapsed home retailer was bought out of administration by retail giant Next. Former chief exec Nicola [...]
Truss’ growth diagnosis was the right one November 10, 2022 One of the tragedies, if that’s the right word, of Liz Truss’ demise is that her key economic observation – that Britain isn’t growing quickly enough – may well be lost to history, discredited thanks to the cack-handed way in which she and her Chancellor attempted to address it. The noises-off from the new administration [...]
