UBS profit smashes analyst estimates as it steps up Credit Suisse integration August 14, 2024 Swiss banking titan UBS has reported a profit well ahead of analysts' forecasts for the three months to June as it steps up its integration of fallen rival Credit Suisse.
Banksy: City of London moves art installation to Guildhall so it’s ‘properly protected’ August 13, 2024 The City of London has moved an installation from mysterious artist Banksy to protect it and allow the public to view it. On Monday, a City of London sentry box appeared with artwork, depicting piranhas in a fishtank, in the heart of the Square Mile, by Ludgate Hill. Commuters and onlookers were seen taking pictures [...]
What Paris should learn from London’s Olympic media legacy August 13, 2024 The 2024 Olympics are over and Parisians peeved at the general logistical chaos inflicted on them by the influx of tourists will be breathing an ‘ooh la la’ of relief. But, like the short-lived breakdancing event that has been axed for the 2028 Games, the actual sport is just a fleeting moment in the grand [...]
Advertisers plot move to Tiktok after losing faith in Elon Musk’s X August 12, 2024 Advertisers are increasingly redirecting their marketing budgets towards Tiktok as trust in Elon Musk’s platform X continues to dwindle. Some 77 per cent of marketers plan to boost their ad spend on Tiktok in 2024, reflecting the platform’s growing corporate appeal, according to new data from market research firm Kantar. By contrast, only 14 per [...]
Peloton loses almost £100m as UK arm sheds hundreds of jobs August 12, 2024 The UK arm of Peloton lost almost £100m and shed hundreds of jobs, it has been revealed. The London-headquartered division has posted a pre-tax loss of £98.1m for the 12 months to June 30, 2023, according to newly-filed accounts with Companies House. Peloton previously posted a pre-tax loss of £173.7m for its prior financial year. [...]
Football v HMRC: Scrutiny sees £400m clawed back from clubs August 12, 2024 The football industry continues to see the crackdown over tax as over the past five-years, HMRC has seen over £384m collected in unpaid taxes from the football sector
Net zero depends on economic growth – so the City must lead the charge August 12, 2024 Sustainability and economic growth are two sides of the same coin, which is why the City must lead the charge to net zero, writes Chris Hayward In 100 days, global political, business, and climate leaders will have gathered in Baku, Azerbaijan, for COP29. The annual COP meeting is the culmination of a year of hard [...]
Violence on the streets has a long tail in terms of stability August 12, 2024 Starmer has built his vision on stability - but the riots could undermine all that, writes Eliot Wilson
The City is the forefront of the fourth industrial revolution August 12, 2024 London is Europe’s pre-eminent fintech hub, attracting more investment than the next 13 European cities combined. To get ahead, we must bring that experience to bear, says Michael Mainelli As well as being an enthusiast and early adopter of technology – even predicting the internet in his 1898 short story, From The London Times in 1904 – Mark Twain [...]
Beach Volleyball Comes to The City August 9, 2024 Sun, sand, and… Beach Volleyball – coming to the City of London. This summer Sports Fest 2024, brought to you by Central London Alliance, Blue Orchid Hospitality, Aldgate Connect BID and Cheapside Business Alliance, is transforming the City of London into a sports playground with extraordinary experiences. From 12th to 26th August, feel the sand [...]