The City View: Musk on cusp of Twitter buy, and global markets down April 25, 2022 Today Andy Silvester talks to Jack Barnett, City A.M.’s Economics and Markets reporter. They go through the global market dip and why China’s zero-Covid lockdowns are concerning investors; bank earnings for Q1; and new ONS data showing that 9 in 10 households have recorded an uptick in their cost of living. And in the news, [...]
Activision sales plunge as Call of Duty demand drops off April 25, 2022 Sales at US game developer Activision Blizzard slumped below analysts’ estimates in the first quarter of the year as demand for its flagship Call of Duty series faltered.
Chart topper: Audioboom marks maiden profit after true crime podcast boom April 25, 2022 Podcast firm Audioboom has made a maiden profit after success with true crime podcasts and beating its own records for monthly downloads. In final audited results for the year ended 31 December 2021, the London listed firm posted revenue of $60.3m, an increase of 125 per cent on 2020. The firm reported maiden annual net [...]
Rees-Mogg lashes out at ‘inefficient’ civil servants in push to curb working from home April 24, 2022 Jacob Rees-Mogg has said that getting civil servants back into the office en masse will mean greater efficiency and less waste as he pushes to curb working from home in Whitehall. The government efficiency minister said “it is my job to ensure the government estate is run efficiently and commercially … Empty offices are a [...]
Business of Space: Reusable rockets, space junk and new markets ‘ripe for overhaul’ April 23, 2022 City A.M.’s Millie Turner offers up a roundup of the most important news across the space industry, every Friday. This week: D-Orbit to supply key parts for ESA rocket The US says no to space junk Satellite connection on place ‘ripe for overhaul’ D-Orbit inks fresh supply deal D-Orbit has cut a deal with Beyond Gravity to deliver critical tools and [...]
Everything you were afraid to ask about the metaverse April 22, 2022 This article first appeared in ICAS’ CA Magazine. It recently hosted its first wedding, with a guest list of thousands. It may soon see CAs send digital avatars to clients’ virtual offices. But will the metaverse really reshape business or be just a niche preserve of gamers? Christian Koch investigates. The metaverse is coming… “Who [...]
The City View: Re-Leased CFO Sam Caulton on real estate’s brave new world April 21, 2022 Today Andy Silvester talks to Sam Caulton, CFO of Re-Leased, a commercial property management proptech. They discuss his journey to the role; why the commercial real estate sector’s been in desperate need of change, and how he effecting such change with Re-Leased; the impact of Covid on the sector; and the importance of being in [...]
Dramatic clip shows moment renters are ‘attacked’ at London estate agent over ‘illegal eviction’ April 21, 2022 Dramatic footage has emerged online of showing the moment tenants were confronted at a London estate agents in a row over evictions. Seven people visited the offices of Eaton Green in Camberwell, protesting about alleged illegal eviction, before someone exited its office and started “attacking” the activists. In a clip shared on Twitter by @SarahWarsama, [...]
Coinbase unveils social NFT marketplace April 21, 2022 Crypto exchange giant Coinbase has given users a first glimpse at its highly anticipated marketplace for non fungible tokens (NFTs).
The Obamas say goodbye to Spotify as big streamers get knocked off pedestals April 21, 2022 The Obamas are reportedly gearing up to abandon Spotify, with ambition to create more content on more platforms.