Lyft soars (briefly) after accidentally misstating forward revenues by, err, 10 times February 14, 2024 Lyft's stock surged over 15% in extended trading as the ride-sharing company projected achieving positive free cash flow for the year. However, enthusiasm waned after Lyft disclosed an error in its press release, injecting drama.
FTSE 100: London markets hit by interest rate cut worries as Tui takes flight February 13, 2024 The daily London update: Moving news from the FTSE 100 and around the world from City A.M.'s newsroom in the heart of the Square Mile.
Hogan Lovells: US-UK law firm’s revenue jumps 10 per cent and surpasses £2bn February 13, 2024 American-British law firm Hogan Lovells global revenue has jumped nearly 10 per cent over the last financial year, which sees the firm surpassing £2bn for the first time. Over 2023, the firm generated £2.15bn in revenue, which was up from the £1.97bn it posted over the previous year. In terms of its practices, its corporate [...]
The Spring Budget is the perfect opportunity to kill the tourist tax February 12, 2024 Reinstating tax-free shopping will be a shot in the arm for UK tourism - and is long overdue, writes Chris Hayward.
Heathrow: Britain has ‘shut the door’ on home-grown growth with tourist tax February 12, 2024 Britain has "shut the door" on home grown growth by abolishing VAT-free shopping for overseas visitors, Europe's largest airport has warned.
Fujitsu received £3.4bn from Treasury-linked deals February 11, 2024 Fujitsu is set to have received more than £3.4bn through contracts running with Treasury-linked organisations since 2019 despite its role in the Post Office scandal, MPs have found. Around £1.4bn worth of deals have been awarded since the High Court ruled that there had been numerous bugs and errors in its Horizon software. More than [...]
Fujitsu staff working in HMRC IT jobs settle pay dispute February 10, 2024 Staff working for HMRC in IT jobs have settled a pay dispute after going on strike, winning wage rises of up to 15 per cent, their union announced.
Super Bowl LVIII ads are a reminder of how the industry can do better February 10, 2024 The Super Bowl shows us why advertisers should be holding themselves to a higher level throughout the year, argues Rowenna Prest, chief strategy officer at advertising services firm Joint. The Super Bowl is one of the most watched sporting events in the world and by far the biggest TV moment in the US. According to [...]
Another Post Office? HBOS Reading fraud scandal report delayed yet again February 9, 2024 A report into who knew what, and when, about the HBOS Reading fraud has been delayed again
Is the US heading towards another regional banking crisis? February 8, 2024 US regional banks are back in the headlines amid fears that very recent history is repeating itself.