Surfing the Thames: How Uber boats came to rule the river August 1, 2024 “Looking out at the river, I was struck by how empty it was,” Sean Collins tells me. This was in 1994, when he had just been made redundant from his previous role as an apprentice waterman on the Thames. All that empty water stretching through the middle of London – it was a “waste”. But [...]
Square Mile and Me: Enness CEO Islay Robinson on his career – and a flaming suit mishap August 1, 2024 Each week we ask a City figure to take a trip down memory lane. Today, Islay Robinson, CEO of Enness Global Mortgages, takes us through his career, from a flaming suit mishap to his love for London What was your first job? My first job was crushing boxes at a market when I was about 14. [...]
The £22bn black hole row: Who’s telling the truth? July 31, 2024 Rachel Reeves and Jeremy Hunt are slinging accusations at each other about the state of the public finances. But who is right?
Vinted mulls share sale that could value platform at £3.8bn July 31, 2024 Vinted has reportedly contacted investors about a share sale which could value the company at as much as £3.9bn.
GSK: Pharma giant raises guidance after second quarter sales give shot in the arm July 31, 2024 London-listed pharma giant GSK has raised its guidance after a strong second quarter beat market expectations, boosted by its cancer and HIV portfolio. Total sales in the second quarter of 2024 reached £7.9bn, an increase of 13 per cent year on year. Core operating profit at the pharma company rose by 18 per cent on [...]
Crypto-Friendly Sygnum Bank Posts Record Profit and $4.5 Billion in Client Assets July 31, 2024 Each day, Coinrule will run through the state of the digital assets market for Blockbeat, your home for news, analysis, opinion and commentary on blockchain and digital assets. Sygnum Bank has announced its first-half profit for 2024, driven by a substantial increase in crypto trading volumes. The bank, which holds $4.5 billion in client assets, attributed this [...]
Sadiq Khan’s office apologises after failing to probe concerns tied to ex-deputy mayor July 31, 2024 The Mayor of London’s office has apologised to a whistleblower after failing to investigate concerns around the business dealings of one of Sadiq Khan’s former deputies, Rajesh Agrawal, City A.M. can reveal.
Iconic Millbank Tower evicts tenants ahead of conversion into flats July 31, 2024 The landlord of the iconic Millbank Tower, where the Labour Party hatched its landslide 1997 election campaign and Leave.EU cooked up its winning plans for Brexit, has begun evicting tenants ahead of a long-planned revamp into luxury flats, City A.M. has learned.
Higher windfall taxes will be the death of investment in the North Sea July 31, 2024 Introducing Norway-level taxes without the accompanying investment incentives proves Labour’s energy policy is driven by ideology – not security, says Andy Mayer The day before the new Labour Chancellor Rachel Reeves sounded the death knell for Britain’s North Sea oil industry and put up to 200,000 workers on notice the ‘I’ newspaper led with the headline “Starfish and other seabed species [...]
Explainer: Why taking a sick day could help boost the economy July 31, 2024 We’ve all seen it: corpse-like colleagues clocking in at the office because honestly they’re fine, “just a cold,” they cough, bravely. But did you know such heroics could be costing the economy £25bn a year? That’s right, according to the Institute for Public Policy Research (IPPR), people working through illness rather than taking a sick [...]