Premier League club owners ahead of 2024/25 season August 16, 2024 The Premier League is back and set to enthral us for yet another season. And with 20 teams eager to win titles and stay in England’s top flight, money talks. While Manchester City faces 115 financial charges and Chelsea passes 40 first team players, City A.M. have taken a look at who owns each Premier [...]
Litigation funding brought the Post Office to justice – now it’s time to take it to water companies August 16, 2024 Without litigation funding, the Post Office may have never seen justice. Now it’s time to use it against polluting water companies, writes environment consultant Carolyn Roberts Ofwat recently announced hefty fines for three water companies dumping sewage in our waterways. Alongside regulatory pressure, collective opt-out legal action like the one I’m leading can play a [...]
City of London Festival set to return this autumn with stellar line-up August 15, 2024 The City of London Festival is set to return this autumn for the first time since 2015, bringing some of the world’s hottest classical, jazz and choral musicians to the Square Mile. The festival celebrates the unique architecture and environment of London’s most historic district through a series of innovative musical events. The newly rebranded [...]
Magners and Tennent’s owner C&C outperforms in tough alcohol market August 15, 2024 Drinks company C&C, the owner of brands such as Magners and Tennent’s, has said it’s on track to meet expectations this year despite well-documented troubles in the alcohol industry. The firm, which is headquartered in Dublin, said in an update ahead of its AGM that it remained “confident” of achieving its set goal and that [...]
Workers to strike at Rolls-Royce supplier owned by Warren Buffett’s Berkshire Hathaway August 14, 2024 Almost 200 workers at a supplier to the likes of Airbus, Rolls-Royce and BAE Systems are to strike over an “unacceptable” pay offer. The employees at SPS Technologies in Leicester will begin industrial action later this month, union Unite has confirmed. SPS Technologies is part of Precision Castparts Corp which is owned by Warren Buffett’s [...]
Therese Coffey: Former Tory deputy PM applied for Labour Treasury job August 14, 2024 Former Conservative deputy prime minister Therese Coffey reportedly applied for a senior role in the Treasury under Labour. The ex-MP – who lost her Suffolk Coastal seat at the general election among some 200 Tories who failed to secure re-election – put herself forward for the role of UK director at the European Bank for [...]
Electric Moke review: driving a reborn icon of the Swinging Sixties August 14, 2024 Question: what do The Beatles, Madonna, George Russell, Jennifer Lopez, The Beach Boys, Cher, Hunter S Thompson, Brigitte Bardot and Kate Moss all have in common? The answer, obviously, is that they have all been pictured in a Moke. First launched in 1964, the Moke simultaneously stuck two fingers up to fashion while being embraced [...]
Private equity giant CVC makes ‘strong recovery’ as capital deployment ramps up August 14, 2024 Private equity giant CVC saw activity tick up in the first half of the year, recovering from a quiet 2023 as money finally began to flow into its investments. The Six Nations owner beat expectations with fee-paying assets under management at 127.5bn euros, two per cent ahead of analyst expectations, it revealed in a half-year [...]
Driving greater transparency and efficiency in cross-border payments August 14, 2024 Tim Forster, Strategic Partner Manager, Financial Messaging at Finastra Whether consumers, small and mid-sized enterprises (SMEs) or corporate entities, customers want access to speedy and transparent cross-border transactions from their bank. However, the process can often be extremely lengthy, costly and opaque, leading many to turn to more agile fintech providers. For example, many consumers [...]
Have smartcards had their day? Exploring alternatives for secure Bacs payments August 14, 2024 Liz Carroll, Senior Product Manager, Financial Marketplaces at Finastra Smartcards, embedded with integrated chips to store digital certificate data, are widely used in corporate payments for their security, convenience, and efficiency. The UK’s Bacs payment system has used smartcards to facilitate corporate access since the switch to Bacstel-IP in 2003. While smartcards offer great security, [...]