BMW invests £500m in Oxford Mini plant with car maker expected to receive £75m UK taxpayer grant March 8, 2023 Hundreds of jobs could be created from a £500m investment in Oxford by BMW, as it looks build electric models of its Mini in Britain. The German car-maker is reportedly preparing to unveil a major injection of cash – including £75m of government-approved funding – as first reported by Sky News’ Mark Kleinman. The investment [...]
The Notebook: Victoria Scholar on why it’s not all doom and gloom for the economy March 8, 2023 The Notebook is where interesting people say interesting things. Today, it’s Victoria Scholar, head of investment at Interactive Investor, on why it’s not the time to be gloomy about the UK’s prospects, the battle for your coffee pound and a new podcast. You wouldn’t be blamed for thinking that the UK economy is in a [...]
Fintech Railsr says sale is ‘around the corner’ amid financial troubles March 7, 2023 Beleaguered embedded banking firm Railsr said a sale was “around the corner” today as it scrambles to find new ownership amid regulatory scrutiny and financial troubles. Railsr, previously regarded as a darling of the UK’s fintech scene, has been hunting for a buyer over the past few months as funding has dried up. Bloomberg reported [...]
Exclusive: Labour’s Ed Miliband holds talks with North Sea industry boss as party ‘prepares for power’ March 7, 2023 Ed Miliband has held talks with David Whitehouse, the new chief executive of industry group Offshore Energies UK, City A.M. understands.
CVC Capital Partners moves into women’s tennis with £125m WTA deal March 7, 2023 The Women’s Tennis Association (WTA) is close to confirming a £125m ($150m) investment from CVC Capital Partners, according to reports. A deal would see prolific sports investors CVC take a 20 per cent stake in the WTA, which runs the main women’s tennis tour, reports Mark Kleinman for Sky News. CVC and the WTA would [...]
Reach: Mirror, Star and Express publisher suffers heavy losses as costs up 40 per cent and ads dry up March 7, 2023 The publisher of the Daily Mirror and Express newspapers has revealed that annual profits tumbled by more than a quarter as it saw costs surge by 40 per cent and a drop in advertising demand. Reach, which also owns the Daily Star and a raft of regional titles across the UK, posted underlying pre-tax profits [...]
Dan Azeez interview: Britain’s next boxing superstar on swapping financial services for the fight game March 7, 2023 Dan Azeez was planning for a career in the City when an encounter with Anthony Joshua in 2011 changed his life. The south Londoner’s parents, first generation Nigerian immigrants, impressed upon him the importance of education and a profession, so Azeez took a degree in accounting and finance at Essex University and set his sights [...]
The new Elvis film inspired me to go searching for Elvis in Las Vegas March 6, 2023 Austin Butler’s Oscar-nominated performance as Elvis inspired Adam Bloodworth to touch down in Las Vegas, in pursuit of the King’s legacy Baz Lurhmann’s Elvis biopic has the white bodysuits and the polished quiff, of course. But for those of us under 40, it’s also a vital lesson revealing the cultural significance of Elvis to the [...]
War games: UK pilots to hold joint mission with Germany in Nato member Estonia, right on Russia’s border March 6, 2023 British pilots are set to conduct joint air policing missions in Estonia alongside the German air force for the first time. It comes as the UK prepares take over from Germany to lead the Nato mission in Estonia, which borders Russia. Royal Air Force and German Air Force Typhoon jets will take part in the [...]
WANdisco in ‘early stages’ of US listing as another city firm rejects London for a New York flotation March 6, 2023 Data giant WANdisco has confirmed that it is in the “early stages” of preparing to list its shares in the US, however has reaffirmed its commitment to London’s investment market. The £1bn software group was responding to rumours that the group was preparing to list its shares in the US amid an ongoing debate about [...]