Mark Kleinman: Vodafone’s CEO call, audit watchdog delays and a wave of insolvencies May 4, 2023 It's the column that gets the Square Mile talking, from the man who talks to everybody - Sky News' Mark Kleinman
Westminster council boss vows to crack down on illicit American candy stores May 3, 2023 The boss of Westminster City Council has called for “greater transparency” about who operates in the city as it looks to crack down on the business owners behind illicit American Candy stores which litter Oxford Street, with the chief urging for more progress from central government to tackle the issue. Cllr Adam Hug told members [...]
London Stock Exchange chief: FCA rule changes won’t stop the City’s decline on their own May 3, 2023 New rule changes designed to boost the appeal of UK capital markets are “just one element” of arresting the City’s decline, the chief of the London Stock Exchange warned today.
Getting a piece of the Pi: Google DeepMind and LinkedIn cofounders launch AI chatbot May 3, 2023 An artificial intelligence startup founded by the cofounders of LinkedIn and Google DeepMind has launched a new chatbot. The company, Inflection AI, said the chatbot, named Pi, uses AI technology developed in house to hold conversations with users, give feedback and work through “tricky decisions.” “We think of Pi as a digital companion on hand [...]
Big banks cannot compete with Tide, says ex-banker May 3, 2023 “I’m not a numbers person”, says former bank employee who turned to Tide for its simplicity ‘’For me, running a business, it’s all about speed. If you can do something for me quickly, it means I can focus my time on running my business elsewhere, especially making stuff.” A former bank employee who turned her [...]
Dyson pours £100m into new Bristol tech centre as part of £2.75bn investment plan May 3, 2023 Dyson is pouring £100 million into a new technology centre in the UK, in addition to a new site in the Philippines and factory in Singapore, as part of its £2.75bn five-year investment plan. Dyson, which makes vacuum cleaners, fans and hair appliances, said today the new Bristol centre would be home to hundreds of [...]
Reach sales slump: Mirror, Express and Star publisher says Facebook changes hit digital ads hard May 3, 2023 News publisher Reach reported a slump in sales for the first quarter of 2023, with digital revenue hit by changes to how Facebook presents its news content, the company said on Wednesday. The publisher — those titles include the Mirror, Express and Daily Star — said revenue fell by 5.9 per cent in the four [...]
Flutter looks set for another share price boost after US revenues jump again May 3, 2023 Gambling giant Flutter Entertainment reported a boost in revenue for the first quarter of 2023 as a result of its continued expansion drive in the US. The London-listed company — which owns PaddyPower, Betfair and FanDuel — increased its average monthly players by 30 per cent year on year to £12.3m, pushing revenues up by 46 [...]
Spoiler: King Charles won’t remember the corporates who wished him good luck May 3, 2023 King Charles's coronation is round the corner, but businesses shouldn't feel like they must say something about it at all costs. Sometimes the best PR strategy for corporates is staying quiet, writes Simon Neville
London listings: Watchdog proposes doing away with ‘standard’ and ‘premium’ segments May 2, 2023 The UK’s financial watchdog announced proposals to streamline listing rules in the UK as it seeks to make the UK market a more attractive destination for firms to list. The Financial Conduct Authority (FCA) acknowledged that the UK’s listing regime was seen by some as too complicated and has proposed merging the ‘standard’ and ‘premium’ [...]