Lionesses to be awarded Freedom of the City of London after historic Women’s Euro 2022 win August 1, 2022 The victorious Lionesses will receive the Freedom of the City of London following their Women’s Euro 2022 win on Sunday. England’s women footballers will be awarded the prestigious honour following the 2-1 win over Germany at Wembley, which brought their first major trophy. This comes as thousands are set to gather in Trafalgar Square on [...]
JD Sports sells Footasylum to private equity firm after watchdog crackdown August 1, 2022 Trainer seller JD Sports has inked a deal to hand over Footasylum to Aurelius Group for £37.5m, following competition concerns. In recent weeks, JD Sports had been rumoured to be in talks with the German private equity group about selling the high street brand, which it attempted to takeover in 2019. JD said the sale [...]
Sky-high inflation slows UK private sector economy to ‘standstill’ August 1, 2022 Consumers reacting to scaling prices by cutting spending is expected to grind the UK economy to a halt, new surveys published today revealed. Private sector firms think they will squeeze out zero growth over the next three months, according to the Confederation of British Industry (CBI), the country’s largest business lobby group. Businesses are beginning [...]
Britain’s sporting success will help economic growth August 1, 2022 Sport has had a busy summer in the UK as we marked England’s victory at the UEFA Women’s Euro and the start of the Commonwealth Games last week. It was with great pride that people across the country watched the Lionesses’ incredible performance and did us all proud. For many, it has brought back fond [...]
Headspace: Why imposter syndrome grips even the high-flying July 30, 2022 Each month City A.M.’s mental health columnist Alejandra Sarmiento writes about the Square Mile’s often-taboo subjects – and how you can deal with them Franz Kafka is best known today as one of the most influential writers of the 20th-century. The author of masterpieces such as “The Metamorphosis” and “The Trial,” Kafka was, in fact, [...]
UK’s financial watchdog fines three Carillion executives over misleading statements July 28, 2022 The UK’s financial watchdog today fined three former Carillion executives for “recklessly” publishing misleading statements prior to the construction firm’s collapse in 2018. The Financial Conduct Authority (FCA) said it would have also fined the company itself a sum of £37.8m if it were not for the firm’s 2018 bankruptcy. The FCA’s sanctions saw Carillion’s [...]
BAE Systems post revenue over £10bn with Saudi deals a tenth of this as new chair brought in July 28, 2022 BAE Systems reported higher sales and revenue for the first half of 2021 helped by work with Saudi Arabia as it met market expectations and announced a new Chair from next year. The defence company’s sales were up 2.8 per cent from the previous year’s first half to £10.6bn as its revenue climbed 4.3 per cent [...]
Advertising spend enjoys temporary comeback as inflationary pressure threatens growth July 28, 2022 A new report has warned that despite advertising spend getting back on its feet in the first quarter of 2022, this momentum will be relatively short-lived.
Augmented reality set to give Formula E racegoers a taste of Saudi’s natural wonder July 28, 2022 Formula E, the global all-electric racing championship, will land at the ExCel Centre this weekend, but it won’t just be the sleek lines of the racing cars that attract racegoers’ attention. Saudia, the Saudi Arabian airline, will host an ‘augmented reality’ zone that promises to take attendees to the Kingdom via ‘underwater’ tours of the [...]
Cryptocurrencies continue to struggle July 27, 2022 In association with Luno. Bitcoin’s (BTC) recent strong momentum stalled in the middle of last week, and the price has been drifting back towards the $20k mark after hitting highs above $24k last week. The leading cryptocurrency by market capitalisation has hovered around $21k since Monday, down almost 10 per cent over the past 7 [...]