Branding and product partnerships push football clubs into the fintech arena, and vice versa March 10, 2022 The fintech industry has never been fiercer. Funding levels have reached astronomical levels, as new ideas percolate throughout the financial ecosystem, meaning more and more fintechs are becoming experts and pioneers in a very specific aspect of the financial landscape. By adopting a collaborative as opposed to a competitive mindset, firms are given a platform [...]
BBC set to cut original CBBC content as licence fee tries to remain competitive March 10, 2022 The UK media regulator has opened a new consultation into the number of CBBC’s original productions, accepting the BBC’s request to make cuts to its output. In an announcement this morning, Ofcom agreed with BBC’s suggestion to reduce the original productions quota for the dedicated TV channel for children, shifting it from 72 per cent [...]
Aussie media firms have raked in £111m from Google and Facebook since law shake up March 10, 2022 A new report has revealed that Australian media firms have raked in A$200m (£111m) from Google and Facebook since last year’s regulatory crackdown that forced tech giants to negotiate payment terms.
London law firm BCL Solicitors sent legal threats to Foreign Office on behalf of Russian oligarch March 9, 2022 London law firm BCL Solicitors has been named as one of the law firms that sent letters to the Foreign Office, on behalf of Russian oligarchs seeking to challenge the government’s sanctions regime. In a written response to Labour MP Margaret Hodge, Conservative minister James Cleverly said BCL Solicitors had sent letters to the Foreign [...]
Huawei UK directors quit over firm’s silence on Russian invasion March 9, 2022 Two British board members of Huawei’s UK subsidiary are set to resign over the Chinese telecoms giant’s refusal to condemn Russia’s invasion of Ukraine. As first reported by Mark Kleinman for Sky News, Sir Andrew Cahn and Sir Ken Olisa notified the company today that they intend to step down from their positions as non-executive [...]
SIGNA Sports United leads investment in UK firm Buzzbike  March 9, 2022 Sports e-commerce and tech platform SIGNA Sports United has taken a stake in UK bike subscription service, Buzzbike, as part of its platform expansion strategy. Within the new partnership, Berlin-based SIGNA Sports United (SSU) will support Buzzbike’s bike development and become its exclusive bike supplier. The London start-up Buzzbike offers a monthly membership package, which includes a [...]
Low-carbon SPAC lines up £175m float to snap up green energy firm March 9, 2022 A low-carbon focused acquisition vehicle has announced plans for a £175m float on the London Stock Exchange today as it looks to snap up a business driving the green energy transition.
‘Challenges and difficulties’ remain for Boohoo in fight against unethical supply chain measures March 8, 2022 “Challenges and difficulties” remain at Boohoo, according to Sir Brian Leveson’s final report after the fast fashion firm’s supply chain scandal. The retailer launched a review programme after reports of neglect and underpayment of warehouse workers in Leicester during the Covid lockdown in 2020. Leveson was brought on board to oversee Boohoo’s Agenda For Change [...]
City Moves: Who’s switching jobs in the Square Mile this week? March 8, 2022 City A.M.’s Millie Turner provides a roundup of the most important hires and job moves across the City, every morning. Email citymoves@cityam.com to be featured. Savills Savills has bolstered its building and project consultancy team with a new director at the firm’s Margaret Street head office. Andrew Hezelgrave brings more than 15 years of experience in the commercial property sector to the London office. Joining from Black Cat Building Consultancy, where he [...]
Hong Kong Covid-19 death rate hits world’s highest March 7, 2022 Hong Kong’s Covid-19 death rate is now the highest in the world, according to new calculations today, as the city’s residents struggle under tough restrictions. The city has adopted Beijing’s controversial ‘zero-Covid’ stance, which pushed the US to caution against travelling to the financial hub last week. Hong Kong’s weekly rolling average climbed to 27 [...]