The long shadow of Dominic Cummings might just start an invention boom January 30, 2023 ARIA, the government sponsored independent body is designed to fund new scientific and innovation projects. It might the last hangover of Dominic Cummings in Downing Street, writes Eliot Wilson
Straits Kitchen at the Pan Pacific hotel is great for Chinese wine January 28, 2023 If you’ve read about the rise of Chinese wine and are looking to explore its rise then there’s nowhere better than Straits Kitchen in the Pan Pacific Hotel. Sommelier Francois Bertrand is passionate about providing wines to fit their Asian menu, believing the variety and quality from China will surprise and delight. What unfolded over [...]
Keefy may be the key to the Classic Mile for Lor January 27, 2023 IF THE local official handicap ratings are to be believed, Cordyceps Six should be a certainty in the £1.2 million Hong Kong Classic Mile (9.15am). A winner of six of his 17 career starts, he is rated 11lbs in front of his nearest rival, but there is a major problem – he has yet to [...]
Fintech Scaling Show Podcast: The Evolution of Fintech in 2023: In Conversation with GFA Exchange with Joel Blake January 24, 2023 In recent years, fintech has taken the centre stage in helping facilitate an inclusive financial ecosystem, with far-reaching digital solutions that have the potential to unlock the nearly two billion people worldwide who are excluded from formal financial services. In this informative and thoughtful podcast, Joel Blake OBE, Founder & CEO of GFA Exchange sat [...]
Why is the FTSE 100 nearing a record high with a recession looming? It ain’t the economy, stupid January 24, 2023 The FTSE 100 is becoming one massive hedge fund. That’s why it’s doing so well when all the doomsters have warned the UK is headed for a long, albeit shallow, recession over the next year. Of course, the stock market isn’t the economy. How many high street coffee shop owners do you know that worry [...]
Davos round-up: Goldman’s consumer banking headache, Big Tech layoffs and Germany’s green drive January 18, 2023 As some of the world’s most important CEOs, politicians and thinkers gather at the World Economic Forum in Davos to discuss an array of economic, political and social challenges, City A.M. wraps up some of the top lines from the day. Goldman Sachs’ consumer banking headache Goldman Sachs’ foray into consumer banking has not gone [...]
Goldman Sachs income slides by £2bn with investment banking bearing brunt of a drop in dealmaking January 17, 2023 Goldman Sachs underperformed analyst estimates as a near halving in investment banking revenue and an expansion in loss provisions led to a steep drop in income. Profit dropped to 44% in the quarter ending 31 December 2022 compared to the same period last year. Goldman’s earnings per share slumped to $3.32, down from $10.81 last [...]
IQE shares slump nearly 20 per cent as it warns of falling semiconductor demand January 16, 2023 IQE shares dropped nearly 20 per cent today after the semiconductor wafer maker warned that demand is expected to fall in the new year because existing customers have already built up large stocks. In a pre-close trading update, IQE warned that destocking in the industry will “impact upon demand from existing customers” in the new [...]
David Carrick failures see the Met betray the trust of Londoners – again January 16, 2023 A failure of leadership? A broken culture? An abject lack of responsibility? All three seem evident at the Metropolitan Police – an organisation which has lost the trust of Londoners. Yesterday’s lurid details of the crimes of David Carrick – a serial rapist who used his warrant card to win the trust of his victims [...]
Open banking success has cracked the code for more tech innovation in the UK January 15, 2023 The benefits of new technologies can seem hidden at first - but innovation always brings growth. Open banking is a great example on which the government is basing its strategy, writes Andrew Griffith