Elon Musk’s Twitter deal will spur on efforts to censor online speech – not halt them April 28, 2022 If Twitter turns into a free speech-centric platform, lawmakers and regulators will be emboldened to take greater action against offensive content. On Monday, Twitter accepted Elon Musk’s offer to purchase the social media site for $54.20 per share, a move that will take the company private and enable the tech billionaire to incorporate his own [...]
Exclusive: Brits set to lobby employers for inflation-busting pay rise in response to cost of living crunch April 28, 2022 Brits are set to lobby their employers for a pay rise in a bid to cope with a tightening cost of living squeeze, reveals exclusive research shared with City A.M. today. Employers that fail to meet workers’ demands for a wage boost risk losing out on retaining and attracting top talent, according to the ADP [...]
Chamber boss hits out at City of London for ‘laundromat’ complaints April 28, 2022 The boss of London Chambers of Commerce has hit out at the City of London Corporation today for complaining about London’s ‘laundromat’ label, claiming that questions have “rightly been raised” over the City’s reputation for dirty cash.
London has been riding high on IPOs but must find favour in its post-Brexit status April 28, 2022 Against all the odds, the London IPO markets boomed in late 2020 and 2021, defying the uncertainties of Brexit and the pandemic to bring 126 new companies to market: 60 on the main market and 66 on AIM. In addition to the sheer volume of deals, there was an encouraging pivot to technology, as a [...]
More artists benefit from streaming than ever before April 28, 2022 New analysis has revealed that a record number of tracks are now hitting eight-figure UK streaming totals, despite calls from some artists that the system is rigged against them.
UK automotive output down by 100,000 cars as supply chain issues continue to bite April 28, 2022 The UK automotive production was down by 100,000 cars in the first quarter of 2022 as a combination of pandemic-induced supply chain issues and the war in Ukraine continued to bite. According to data by the Society of Motor Manufacturers and Traders (SMMT), output declined by 32.4 per cent on 2021 levels, going from 306,558 [...]
MPs urge government for more funding to tackle fraud and economic crime April 28, 2022 The government must pump more money into tackling economic crime amid an “alarming” increase in instances of fraud, according to Westminster’s Treasury Select Committee. A new report from MPs on the committee also called for the government to entrust a single body with policing economic crime and one Whitehall department with responsibility for the area. [...]
Apollo teams up with Mukesh Ambani in bid for Boots April 27, 2022 Buyout giant Apollo has teamed up with India’s second-richest man Mukesh Ambani to launch a bid for Boots, as the race to takeover the chain enters the final stretch.
Twitter takeover: Elon Musk secures his own billion dollar break clause April 27, 2022 Despite sending shockwaves across the business world, Elon Musk could walkaway from his $44bn Twitter takeover for just $1bn. According to a regulatory filing by Twitter on Tuesday, limited damages could be brought by the social media firm if the eccentric billionaire failed to provide the equity financing needed for the deal to go through. [...]
All eyes on Apple and Amazon as quarterly results loom April 27, 2022 With the dismal performance of many big US firms in the past few weeks, all eyes are on Amazon and Apple, who are due to post their quarterly results today.
