Tech Weekly: Tech Nation CEO on UK fintech success, and Klarna focus on profits May 27, 2022 Today City A.M. reporter Charlie Conchie talks to Tech Nation CEO Gerard Grech for a chat about the company’s Impact Report, which assesses how it has helped shape leading tech firms. They also discuss the UK’s place as a fintech hub, and the potential slowdown of VC investment in fintech later this year. He also [...]
BBC Four and CBBC shutting down as beleaguered broadcaster makes fresh cuts May 27, 2022 Around 1,000 jobs will be lost and BBC Four and CBBC will end as linear TV channels as part of the broadcaster’s plans to become “digital-first”. Director-general Tim Davie announced to staff on Thursday that 1,000 jobs will be cut across the public-funded part of the corporation. BBC World News and BBC News Channel will [...]
JD Sports attempts to calm investors about Cowgill exit as shares slump May 27, 2022 JD Sports made attempts to reassure investors yesterday after red flags were raised by the sudden departure of Peter Cowgill.
It’s time to recognise our businesses would benefit from devil’s advocates May 27, 2022 As corporate speeches go, it was eventful. Last week, Stuart Kirk, head of responsible investing at HSBC’s asset management division, delivered a provocative speech entitled “why investors need not worry about climate risk.” One week and a media storm later, Mr Kirk is no longer a head of responsible investing. Instead, he has been suspended, [...]
Letters: Comfort through stories May 27, 2022 Dear Editor, thousands of children have arrived in our communities over the last few months, separated from their loved ones and belongings. They may not be able to attend school straight away, so they need support with their education. Language barriers may also leave them feeling isolated. The Bookmark Reading Appeal is seeking to raise [...]
The City View: Victoria Scholar on Sunak’s windfall tax and Cowgill exit May 26, 2022 Today Andy Silvester talks to Victoria Scholar, Head of Investment at Interactive Investor. They go through Rishi Sunak’s unveiling of a windfall tax today, the Fed’s plans to hike rates by 50 basis points in June and July, Elon Musk’s painfully slow acquisition of Twitter, and JD Sports founder and CEO Peter Cowgill’s shock departure [...]
Qatar Airways v Airbus $1bn corporate divorce: UK judge grants airline speedy trial May 26, 2022 A UK judge has granted Qatar Airways a speedy trial against plane manufacturer Airbus in what is the latest round of the $1bn corporate divorce saga. “I am in absolutely no doubt that this case should be tried as soon as is practically possible,” Judge David Walksman said. He added that the trial could start [...]
Shell upholds pledge to invest in UK energy sector after Sunak unveils £5bn windfall tax May 26, 2022 Shell has reaffirmed its commitment to ramp up investment in the UK's energy sector despite the unveiling of a hefty new windfall tax.
Nadine Dorries launches impartiality review into the BBC May 26, 2022 Culture secretary Nadine Dorries has today launched a charter review of the BBC, which will examine if reforms are needed to ensure greater impartiality at the public broadcaster. The mid-term review of the BBC will examine whether the broadcaster is “delivering for licence fee payers” and “consider if reforms are needed to help it achieve [...]
Sunak hits energy firms with windfall tax to pay for £15bn cost of living package May 26, 2022 Rishi Sunak has hit British oil and gas firms with a 25 per cent windfall tax to pay for a £15bn package to help households with the cost of living crisis. The chancellor’s interventions this year will see every household in the UK given £550 to help pay their energy bills, but with the country’s [...]