Explainer: Why the Treasury is sold on the promise of stablecoins April 6, 2022 The UK was left reeling this week by the revelation that Rishi Sunak intends to turn the UK into a "global hub" for crypto assets.
Ed Sheeran wins copyright battle for Shape of You April 6, 2022 Ed Sheeran wins his three-week High Court battle this morning after the music star was accused of being a music magpie over his hit song Shape of You.
Hail a flight! Uber set to include air travel and Eurostar as ‘superapp’ bid revamped April 6, 2022 Planes and trains are set to be added to Uber’s app, as it looks to fully integrate inter-city and even international travel. The hail-a-ride cab company announced plans to move beyond localised convenience, and expand into coaches, air travel and trains this summer. It will also look to include a travel booking system, offering car [...]
UK division of Russia’s VTB files for administration April 6, 2022 The UK division of Russian bank VTB is preparing to file for administration today after Western sanctions were slapped on the firm following Russia’s invasion of Ukraine, according to reports.
Roman Abramovich is ‘asking all his friends in the US to let him borrow $1m’ April 6, 2022 Sanctioned Oligarch Roman Abramovich has been asking for millions in loans to ensure he can pay staff on his payroll. The Chelsea owner has been asking friends in Hollywood and Wall Street to give him cash, in order to ensure his existing projects, including the building of his new Tel Aviv mansion, can continue. This [...]
Exclusive: City heavyweights are top firms for career growth, says LinkedIn April 6, 2022 City headquartered firms have been named as the top companies to work at for career growth, according to LinkedIn research shared exclusively with City A.M. today. Barclays retained its crown, wrestling with Lloyds Banking Group and HSBC, which make the top three companies on the list – all with London HQs. Chasing the coattails of [...]
British exhibitions group Hyve puts Russian businesses up for sale April 6, 2022 British exhibitions group Hyve said this morning that it has proposed to sell its Russian business to Rise Expo for a maximum price of £72m.
Car seller Motorpoint readies investment after boost in revenues April 6, 2022 Used car seller Motorpoint said today it was readying a wave of investment after revenues received a boost last year to hit £1.32bn.
Former P&O official seeking damages of up to £76m for unfair dismissal as Easter travel chaos looms April 6, 2022 A former senior boss at P&O Ferries is seeking up to £76m in compensation over claims of unfair dismissal, including racial discrimination, as the company tells thousands to stay away from Dover over Easter. Travel chaos is set to ensue over Easter weekend, after P&O Ferries warned customers its vessels are still moored and tickets [...]
Tech titan Deborah Sherry joins Lookers’ board as car dealership plots expansion April 6, 2022 UK motor retail group Lookers has appointed Deborah Sherry to the Board of Lookers as a Non-Executive Director.
