Hong Kong racing continuing to thrive thanks to fresh approach December 16, 2024 HORSE racing in Hong Kong was one of the few sports in the world to keep the show on the road during Covid-19. It took a monumental effort from the Hong Kong Jockey Club to continue racing during the early stages of the pandemic, but like in other sports and walks of life, it has [...]
Payments regulator in Treasury crosshairs as firms revolt December 16, 2024 As the government hunts for ways to make Britain more competitive, the country's payments regulator has become caught in the crosshairs.
Canal+ IPO offers hope for troubled London Stock Exchange December 16, 2024 French media giant Canal+ will list on the London Stock Exchange this morning in an early Christmas present for a bourse battered by a string of exits this year.
2025: The year ahead in tech December 16, 2024 2025 will be a defining year for businesses, marked by rapid technological shifts, political uncertainty, increased M&A, and intensifying competition. What else would a look ahead start with other than the much maligned AI? I have said on stage a lot this year I think AI is underhyped despite many saying the opposite. You have [...]
If we “re-wire” the state, how much should government do? December 16, 2024 There is a consensus that the state must be more efficient, but less attention has been paid to how much it should actually do, says Eliot Wilson The government has been talking in revolutionary terms recently about how Britain is run. When he appointed Sir Chris Wormald as the new cabinet secretary, the Prime Minister [...]
Steven Bartlett faces questions over hit Diary of a CEO podcast December 13, 2024 Dragons’ Den star Steven Bartlett is facing questions over his hit Diary of a CEO podcast after a investigation by BBC News raised concerns over health claims made by several guests. The entrepreneur, who made his fortune after co-founding Social Chain in Manchester after dropping out of university, has been accused of amplifying harmful health [...]
Royal Mail hit with £10.5m fine over late deliveries December 13, 2024 Ofcom has hit Royal Mail with a £10.5m fine today for failing to meet its delivery targets over the past year. In a statement this morning, the media watchdog said it would fine the postal company for the second time in just over a year for falling “well short” of its first and second class [...]
Lloyd’s of London insurer Canopius favours IPO in private equity exit December 12, 2024 The private equity owners of Canopius plan to list the Lloyd’s of London insurer on the UK stock market next year, City AM has learned. A consortium led by US investor Centerbridge Partners is leaning towards an IPO rather than sale as part of its review into exit options for Canopius, according to a person [...]
Mark Kleinman: Unilever puts buyout firms in the deep freeze December 12, 2024 Mark Kleinman is Sky News’ City Editor and is the man who gets the Square Mile talking in his weekly City AM column. This week, he tackles Unilever’s flakey ice cream approach, Thames Water’s demanding investors, and the long-winded sale of The Observer. Anyone for an ice cream fight? The decision of FTSE-100 consumer goods behemoth Unilever to [...]
Omnicom and IPG staff fret for their future after $13bn mega merger December 12, 2024 Omnicom and IPG sent shockwaves through the advertising sector when they announced a $13bn merger on Monday. Ali Lyon looks at what the deal means for the firms’ agencies, staff and the ad industry as a whole. Advertising, according to Mad Men’s Don Draper, is based on one thing: happiness. Happiness, the protagonist of the [...]