Cancel the tax hike – inflation is biting into the recovery enough already January 18, 2022 ASK ANYBODY in and around Westminster what the ‘story of 2022’ will be and it’s hardly surprising that most point not to Downing Street parties or the pandemic but the cost of living. The Tories are acutely aware of the pain coming down the road – Labour keen to capitalise. Well, it’s already the story [...]
The City View: January 18: A bumper tech deal and aviation January 18, 2022 Today Andy Silvester is joined by Skytra’s Co-Founder and Chief Sales and Marketing Officer Elise Weber, and by City A.M.’s Leah Montebello for news about a mega-deal struck between Microsoft and Activision Blizzard. Andy also takes us through the headlines, including news about the impact inflation is having on Britons’ wallets and a warning by [...]
Virgin Galactic distances itself from chairman after controversial Uyghur comments January 18, 2022 Virgin Galactic has distanced itself from comments made by its chairman yesterday, urging that his views do not reflect that of the company’s. Chairman Chamath Palihapitiya told the All-In Podcast audience that “nobody cares about what’s happening to the Uyghur Muslims.” Venture capitalist Palihapitiya, amidst a discussion of human rights, said “of all the things [...]
Beeb boss: A commercial BBC would fail British audiences January 18, 2022 A BBC funded purely by commercial means would fail to serve a universal British audience in the way it does now, its boss warned this morning, after the government questioned whether its public funding model should continue in future.
City of London launches grant scheme for Omicron-hit Square Mile businesses January 18, 2022 Retailers and hospitality businesses that have been hit by a collapse in footfall due to work from home guidance will be able to apply for a grant from the City of London Corporation, it was confirmed last night. The Corporation, the Square Mile’s governing body, has put in the majority of the money behind the [...]
Darktrace signs multi-million-dollar deal with top global airline January 18, 2022 Darktrace, a global leader in cyber security AI, today announced that one of the world’s largest airlines has signed a major renewal with Darktrace as it continues to use Self-Learning AI technology to defend against cyber-attacks.
The ESG regulation race is on January 18, 2022 If you are struggling to keep up with all the ESG regulation that is emerging around the world, you are not alone. The volume of new rules may feel overwhelming or even intimidating. It helps to remember what they try to do: making sure that the investments we need to get our economies to a [...]
THG earnings margin anticipated to be below market expectations as quarterly revenue up January 18, 2022 E-commerce giant THG has said its adjusted core earnings margin would fall short of market expectations, in otherwise buoyant results on Tuesday. The retail group posted a 29.7 per cent jump in fourth-quarter revenue, setting it on a good course for the year However, THG blamed adverse currency movements as it forecast that adjusted core [...]
City Moves: Who’s switching jobs in the Square Mile this week? January 18, 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. Knight Frank Real estate giant Knight Frank has posted a new partner to its London office leasing team, who will work closely with the capital’s landlords. Mike Voller, who re-joins the firm after six years, will advise [...]
Johnson sacrificed the Tories low tax reputation and will pay the price for it January 18, 2022 THE TORIES are becoming a high-tax party because they have become a low-growth party. So said the Shadow Chancellor Rachel Reeves recently. And she’s right. The Conservative Party has increased taxes to a 71-year high. Government spending is the most it has been since the late 1970s. Meanwhile, our economic recovery remains fragile. Despite solid [...]