‘The Silicon Beach dream was a lie’: Onbuy quits home with parting shot January 16, 2025 Technology company Onbuy has quit its home town of Bournemouth and hit out at the local council saying there is no support for the industry. Chief executive Cas Paton took to LinkedIn to announce the news that the business will now mainly operate from London and New York. He added that while Onbuy “will always” [...]
‘I won The Apprentice nearly 20 years ago!’: Tim Campbell on his career since January 16, 2025 Tim Campbell was crowned the first ever winner of The Apprentice. We catch up with him this week to find out about the rest of his career.
Tulip mania was only ever going to end one way January 15, 2025 Yesterday, I asked whether Tulip Siddiq would still be the City minister by the end of the day, and just as the sun went down we got an answer: nope. Here in the City AM newsroom we shall miss the standing agenda item in our editorial meetings, checking the latest twist of an international corruption [...]
Chauffeur firm Blacklane looks to ‘double down’ on London after Saudi cash injection January 13, 2025 Luxury chauffeur service Blacklane is looking to “double down” on London after announcing its largest-ever funding round late last year. The Berlin-based firm, which counts Mercedes-Benz and the Saudi Public Investment Fund (PIF)’s Tasaru Mobility among its investors, raised £53.5m in October amid long-running reports of a possible Initial Public Offering (IPO). Blacklane’s airport transfer [...]
We need a government that gets business, not businessmen running government January 13, 2025 The idea that business leaders can transform the way government works didn’t start with Elon musk, but success in politics demands different skills to entrepreneurship, says Eliot Wilson Business feels let down by the current government. Before the general election, Sir Keir Starmer and his shadow chancellor, Rachel Reeves, staged an updated performance of the [...]
Elizabeth Line has helped create 400k jobs in and around London January 10, 2025 The area around the City of London’s Liverpool Street Station has been one of the biggest benefactors of the new Elizabeth Line research shows. London’s most popular route has carried more than 0.5bn passengers since its inception. Fresh figures from Transport for London (TFL) and Arup show Crossrail has helped create thousands of new jobs by [...]
The runners and riders to replace under-fire City minister Tulip Siddiq January 10, 2025 Downing Street is reportedly weighing up a number of potential candidates to replace Tulip Siddiq as her position as City minister comes under increasing pressure. Siddiq, the niece of ousted Bangladeshi leader Sheikh Hasina, has been in the headlines since last month when she was named in an investigation into whether her Bangladeshi family embezzled [...]
‘The corporate world just isn’t me’: Flight Club boss Steve Moore on building a hospitality empire January 9, 2025 Each week we dig into the memory bank of the City’s great and good. Today, it's the entrepreneur behind Flight Club, Red Engine CEO Steve Moore.
Lessons from the Gulag? Enemies of the people had entrepreneurial spirit January 8, 2025 A study mapping the link between gulags and regional growth in Russia can teach us something about reviving our own left behind towns.
Buy IAG and sell Wizz Air says broker as British Airways takes off January 6, 2025 Analysts have backed British Airways owner International Consolidated Airlines Group (IAG) while warning investors away from budget airline Wizz Air in 2025. Panmure Liberum analysts picked IAG shares as their ‘most preferred’ stock within transport, with a target price of 500p compared to its current 287p share price. IAG was the best performing FTSE 100 [...]