EY took on $700m in debt for failed split plan, accounts reveal February 11, 2024 EY has taken on $700m (£554.27m) in additional debts in its global operating business, which were largely spent on its failed attempt to split the business.
Mark Kleinman: His weekly column on Arrival, the CBI and Rishi’s latest wheeze February 8, 2024 Mark Kleinman is Sky News’ City Editor and the man who gets the Square Mile talking, He writes a weekly column for City A.M. To travel well, it’s said, is better than to arrive. Try telling that to shareholders in Arrival, the New York-listed (would-be) electric van manufacturer, whose journey hitching a ride since it [...]
Amid the LSE’s listings drought, could its scrappier little brother AIM deliver? February 8, 2024 With London in dire need of a listings revival, the entrepreneurial spirit facilitated by AIM could deliver, writes Keith Boyfield.
‘Huge potential’ for City says UK science minister amid soaring UK quantum investment February 7, 2024 Investment into quantum computing has "huge potential" for London, according to the UK's science minister, Andrew Griffith.
EY warning: Higher interest rates could cost UK firms £25bn over next three years February 6, 2024 Luke Reeve, partner and head of debt advisory at EY, said the adjustment will be "untenable" for some.
Around 400 jobs at risk as British electric van maker Arrival falls into administration February 5, 2024 A British-based electric van maker which aimed to become a leader in EV manufacturing has filed for administration, placing around 400 jobs at risk.
Fora chief: Wework trouble ‘doesn’t reflect the strength’ of London’s flexible market February 5, 2024 Enrico Sanna, the chief executive of Fora, said the troubled situation Wework is facing “doesn't reflect the strength of the market”.
To lead the artificial intelligence revolution, London must first win over the sceptics February 5, 2024 AI could be London's next big industry, but only if it builds the needed trust to develop the technology, writes Michael Mainelli.
Zuber Issa exploring £500m sale of Asda stake in split with brother February 4, 2024 One of the billionaire Issa brothers, who together co-own Asda alongside a private equity firm, is reportedly trying to offload his stake in the supermarket as it grapples with a mounting debt pile.
UK insolvencies skyrocket to 30-year high in ‘striking’ reminder of ‘onerous’ environment January 30, 2024 The number of company insolvencies has soared to its highest level since 1993, as voluntary liquidations reached the most since records began in 1960. The Office for National Statistics revealed today that throughout 2023, there were over 25,000 company insolvencies, with every category of insolvency rising compared to the year before. Mark Ford, partner in [...]