Ocado appoints ex-BT chief Gavin Patterson to board in push for tech giant status May 9, 2024 Ocado has appointed former BT Group chief executive Gavin Patterson to its board as the online grocery firm looks to build its reputation as a technology heavyweight.
BAE Systems expect another bumper year as Ukraine and Gaza wars boost defence spending May 9, 2024 BAE Systems has maintained its guidance on sales and earnings for the year ahead as conflict in Ukraine and the Middle East rages on.
History of the City: The Tale of the Monument and the Great Fire of London May 9, 2024 Standing over 200 feet tall, the Monument commemorates one of the worst travesties in London’s history: the Great Fire of London in 1666.
Mark Kleinman: Why the City’s bonus cap move may not deliver Brexit bonus May 9, 2024 Mark Kleinman writes a weekly column for City A.M. - this week on Goldman bonuses, Foxtons' next move and broker job cuts
Sunak’s green U-turn has been a strategic mistake May 9, 2024 The Prime Minister's U-turn on green policies has failed to produce results - because voters aren't anti net zero, writes Lucy Kenningham
FTX estate will recover up to $16.3 billion to creditors May 9, 2024 2022 was a traumatic year for the crypto industry. After Terra's implosion in May, the summer saw numerous bankruptcies from seemingly reputable crypto entities due to lacking risk management. Sam Bankman-Fried (SBF) appeared to have a plan to save them all. People heralded him as the "JP Morgan of Crypto" after he made several nine-figure investments to rescue the crypto economy, similar to JP Morgan's early 1900s actions to backstop financial institutions. However, by November 2022, SBF's own companies faced jeopardy. On November 11, 2022, FTX filed for Chapter 11 bankruptcy. Now, almost 18 months later, it seems creditors will be more than compensated.
UK edges closer to new laws for artificial intelligence May 9, 2024 On Friday, the House of Lords will hear the third reading of the AI bill and, if all goes well, it will progress to the House of Commons.
Joseph Stiglitz: ‘Freedom for the wolves means death for the lambs’ May 9, 2024 "You see the incoherent use of the word freedom all over the place," he told City A.M over a half-eaten fry-up in Whitehall.
Labour market slowdown might be coming to an end raising questions for Bank of England May 9, 2024 The survey will give conflicting signals to the Bank of England, as policymakers mull their latest interest rate decision, due later today.
Mortgage lending growth set to double next year as inflation eases and rate cuts loom May 9, 2024 UK mortgage lending growth is set to more than double in 2025, according to a major economic forecasting group, as inflation eases and the Bank of England is expected to cut interest rates this year.
