Exclusive: Penny Mordaunt savaged by trade colleagues who say she’s been ‘missing for months’ July 12, 2022 Top Tory leadership candidate Penny Mordaunt has been accused by senior Whitehall figures of neglecting her duties as a trade minister for the past six months, with one claiming “we’ve been a minister down for a long time”. A senior source from the Department for International Trade (DIT) told City A.M. that other ministers had [...]
Exclusive: Oxylabs CEO on why controversial web scraping is coming out from the shadows July 12, 2022 The world’s largest and most progressive companies depend on web scraping, a technology that allows large-scale public online data gathering. Web scraping allows them getting deep knowledge of the market they are operating in, it is behind the competitor analysis and even influences product assortment. However, the potential of web scraping remains untapped – many [...]
Money matters – Financial literacy: A vaccine for life July 12, 2022 Could a double dose of financial literacy combined with experience help households make more rational financial decisions? What can be done to enable households to make more rational financial decisions? In the wise words of Warren Buffet, one of the greatest investors of all time, invest in yourself by accessing the latest financial education for [...]
Rishi, Penny, Kemi or Jeremy: Meet the Tory leadership runners and riders fighting to replace Boris Johnson July 12, 2022 The Tory leadership race gained momentum over the weekend, with opening gambits coming thick and fast from candidates across almost every wing of the party. Rishi Sunak, who wasted no time on Friday in publicly stating an intention to stand, remains an early favourite. But a host of hopefuls, including Nadhim Zahawi, Grant Shapps and [...]
Activist investor calls for PurpleBricks chairman to resign July 11, 2022 PurpleBricks could have a shareholder revolt on its hands, after one activist investor called for the estate agent’s chairman to resign today. The online-only agency has struggled to maintain its market share, despite the transition over to virtual spaces during the pandemic. In a letter to the company, Adam Smith’s investment vehicle Lecram Holdings said [...]
Doceo watch list 11.07.22 July 11, 2022 Discount Watch: 10 The number of investment companies whose discounts hit 12-month highs over the last seven days increased by one this week to 10. Case of deja-vu in the private equity and infrastructure sectors after there were second consecutive appearances for LMS Capital (LMS); Schroder British Opportunities (SBO); and infrastructure’s Sequoia Economic Infrastructure (SEQI). [...]
Revealed: Facebook is allowing the sale of rich Brits’ data in open groups for as little as 16p July 11, 2022 Social media giant Facebook is allowing the sales of thousands of peoples personal data to take place in open groups with tens of thousands of members for as little as 16p. Favoured by hackers and scammers, posts advertising data sets such as “UK Old Age High Income Leads” went seemingly unnoticed on the site. The [...]
Channel 4 privatisation still on track despite political turbulence July 10, 2022 Channel 4's privatisation is still on track, despite reports that Boris Johnson's resignation may have scuppered the broadcaster's £2bn sale.
Royal ruling: Judge finds Mail on Sunday story about Prince Harry’s claim against Home Office is defamatory July 8, 2022 Parts of an article in The Mail on Sunday over the Duke of Sussex’s legal claim against the Home Office were defamatory, a High Court judge has ruled. Harry is suing Associated Newspapers Limited (ANL) after the paper ran a story following the first hearing in the duke’s separate High Court claim over his security [...]
City deal: Goodway Group snaps up Canton with key role for former Havas exec Paul Frampton-Calero July 8, 2022 Goodway Group told City A.M. this morning it has reached an agreement to buy UK-based Canton Marketing Solutions. The business will be merged with its marketing transformation consultancy Control v Exposed (CvE), which is run by ex-Havas Media Group CEO, Paul Frampton-Calero. Canton’s co-founders Rob Webster and Nick King both join the CvE leadership team [...]