London firm Powerscourt set to be snapped up in £50m deal October 10, 2023 London public relations agency Powerscourt is reportedly teetering on the edge of a sale to a US advisory firm in a deal which could be worth tens of millions. Powerscourt, which reps big name clients such as fashion retailer All Saints and gambling giant Entain, is set to bought by the US-based stakeholder advisory firm [...]
Is the great private equity raid on London over? October 10, 2023 A predicted deals raid in London by private equity firms may have already fizzled out this year as dealmakers turn their attention to the cheap unlisted firms, new research has suggested.
Incentivising whistleblowing is a no brainer October 10, 2023 Labour yesterday pledged to give financial rewards to whistleblowers who expose stolen assets, sanctions breaches and recover misappropriated funds. “Under the Tories, Britain became the money-laundering capital of the world. With Labour, Britain will be the anti-corruption capital of the world,” David Lammy said announcing the policy pledge. While the policy remains somewhat undeveloped at [...]
The Notebook: Victoria Scholar on why holiday spirit isn’t enough to power airlines’ profits October 10, 2023 Where the City’s top thinkers get a few things off their chest. Today, Interactive Investor’s Victoria Scholar takes the pen. Holiday spirit not enough to power airlines’ profits Global airline capacity (number of seats offered multiplied by distance flown) is finally on track to restore its pre-pandemic levels, according to data from Circium, reported by [...]
Can Michelin star food at the World Darts Championship hit the bullseye? October 9, 2023 Fancy food doesn't come at the expense of fun at the darts at Ally Pally, says Pitchside Hospitality founder David Nash.
Amazon boosts UK workers pay – but unions vow to continue strike action October 9, 2023 A UK trade union has said walkouts over pay at Amazon’s warehouse in Coventry will continue, even after the tech giant announced today it would increase wages by at least £1 an hour. The GMB union, which has been spearheading Amazon strikes, told City A.M. today it would “absolutely not” end strikes in Coventry over [...]
Taskforce unveils UK ‘gold standard’ guidelines for firms to share green plans October 9, 2023 A Treasury taskforce has revealed its “gold standard” guidelines for companies to report their plans to tackle climate change.
Renewi shareholders ask bidder to raise £636m stake October 8, 2023 A major shareholder in Renewi has reportedly asked its board not to engage with Australian global financial services group Macquarie until it raises its £636m bid for the firm. According to reports in The Times, the Anglo-Dutch waste management company rejected an offer of 775p a share from Macquarie last month, on the grounds that [...]
Blackberry the movie: A gripping real-life corporate tragedy October 6, 2023 Another week, another product biopic. Films about Air Jordan shoes, Flamin’ Hot Cheetos crisps, Beanie Babies, and Tetris have all been released this year to varying success. While the merit of some of those stories may be questionable, BlackBerry has arguably the most intriguing subject. Before everyone stared at their own black mirrors, BlackBerry phones [...]
Sunak’s switch from tech bro to cynical political player wins Tory support but leaves business worried October 6, 2023 Sunak's choice to abandon a "think big" Sillicon Valley mentality may have curried favour with the electorate, but it concerns business leaders, writes Leon Emirali