Christmas voucher firm Appreciate Group to be snapped up by PayPoint for £83m November 7, 2022 Christmas voucher firm Appreciate Group has been snapped up by PayPoint for £83m, with he firm’s shares jumping 50 per cent. PayPoint is offering each share at 44 pence each meaning the deal would reach around £83m. Shareholders of the company, which offers payments at 28,000 convenience stores across the country, while Appreciate Group stakeholders [...]
Badenoch hits back at claims India-UK trade deal could hike prices for NHS after agreement is leaked November 5, 2022 Trade secretary Kemi Badenoch has hit back at claims the NHS could be set to pay higher costs for drugs as a result of a UK-India trade deal. It has emerged that a leaked chapter of the free trade agreement (FTA) between UK and India contains provisions that suggests, amongst other things, pharmaceutical companies would be allowed [...]
Elon Musk’s pay-for-verification model will only scare off advertising money on Twitter November 4, 2022 A chill is in the air in ad land. One of the bastions of the digital marketing mix has gone rogue. Twitter, one of the oldest and still most active of social networks, has taken a sudden turn and the advertising industry is not taking it well. Through a mist of Elon Musk tweets, a [...]
Harbour Energy warns raising windfall tax could risk UK investments November 3, 2022 Harbour Energy has warned it will have to reconsider investments in the UK, if the windfall tax is further expanded.
UK economy headed for record recession if rates rise sharply, BoE warns November 3, 2022 The UK economy is on course to suffer the longest recession since records began if interest rates rise sharply, triggered by a toxic mix of higher mortgage costs, prices and energy bills, the Bank of England said today. Gross domestic product (GDP) will shrink for 24 consecutive months, beginning in the early stages of next [...]
Uniper suffers eye-watering £35bn losses after Russian gas cuts November 3, 2022 Uniper has suffered the biggest net losses in German corporate history over the first nine months of 2022, following a Russian supply squeeze.
BlackRock aims for shareholder ‘revolution’ with greater voting powers November 3, 2022 BlackRock chief Larry Fink said the firm was looking to usher in a “revolution in shareholder democracy” today as it grants greater powers to its clients to hold boards to account in investor meetings.
Glencore told to pay £281m over international bribery scandal November 3, 2022 A London judge today told a UK subsidiary of Glencore to pay a total sum of £281m over an international bribery scandal that saw its staff pay almost $29m (£25.6m) in bribes to officials in Africa. At a sentencing hearing today, Judge Peter Fraser said a “culture” of bribery was “endemic” within Glencore’s West Africa [...]
Meet the CEO of one of the leading Donor Advised Funds in the UK November 3, 2022 Anna Josse, CEO & Founder of Prism the Gift Fund (Prism), talks to CityAM on Donor Advised Funds –the fastest-growing philanthropy vehicle in the UK. Anna, what is your background? I was always active as a leader in youth movements in my teens, and at university publicly foughtmany political battles in the union. That background [...]
Working from home sees London karaoke bars enjoy rise in Sunday Fundays November 3, 2022 Londoners are staving off the Sunday Blues with karaoke nights – taking advantage of an extra lie-in on work-from-home Monday mornings. Charlie Elek, the managing director of Lucky Voice, a capital-focussed karaoke chain, told CityA.M. that a rise in hybrid working had “worked in our favour”. The number of punters through the door at his [...]