After the Nvidelity comes the Huangover. Jensen Huang joins long list who confused boardroom and bedroom
Bequia in the Grenadines: Tall tales and windswept shores July 10, 2023 Lawson Sargeant is bent over a scrubbed bench, fixing a tiny sail on a carved, wooden boat. It’s a fiddly and intricate business. In his workshop in Port Elizabeth, on the Caribbean island of Bequia, wooden replicas of yachts and sailing boats are lined up on turquoise-painted shelves all around the room. You might first [...]
Mansion House: Chancellor must achieve financial fusion to supercharge UK science July 10, 2023 Greg Smith is CEO of IP Group, the British-based fund investing in tech companies. Tonight the Chancellor will announce plans to supercharge investment - but there is no time to lose
Thames Water taps shareholders for extra £750m in bid to avert collapse July 10, 2023 Debt-laden Thames Water has secured an extra £750m of equity funding from shareholders, as the firm races to avoid nationalisation.
Barratt Developments share price in focus following Bank of England rate rise July 10, 2023 The market will turn its focus to Barratt Developments’ trading update next Thursday to see how soaring mortgage rates and a tumultuous period for the property sector is impacting UK house building companies. The housebuilder’s shares have fallen by around a tenth over the past 12 months and more than half from their pre-pandemic levels, [...]
A liberalised Indian market would be a boon for London’s financial services July 10, 2023 India is liberalising its insurance sector, legal services and capital markets. It's a great opportunity for the Square Mile businesses to invest and expand, writes Chris Hayward
Gaizka Mendieta interview: Food, business and life after football July 9, 2023 Former Spain, Middlesbrough, Lazio and Valencia midfielder Gaizka Mendieta on finding a new passion in the restaurant business after a stellar football career. When Gaizka Mendieta, one of the most lauded midfielders of his era, moved to Middlesbrough in 2003 he gave England a taste of the best that Spain had to offer. Now, 15 [...]
Tour de France: How coverage of the cycling has changed July 7, 2023 Veteran broadcaster Simon Brotherton has done it all on the Tour de France, except riding the tour itself. He’s been on the beat since the 1990s and has seen massive change to how the tour is covered. He tells City A.M. about the evolution of covering the Tour de France. Tour de France shines “It’s [...]
Exclusive: City of London Corporation will ‘explain and retain’ two slave owner statues with plaques July 7, 2023 Links to slavery in the Square Mile will be tackled plaques on two statues of controversial historic figures, following a planning application lodged this week. City A.M. can exclusively reveal the City of London Corporation is looking to affix explainers on statues for two-time Lord Mayor William Beckford and former MP and philanthropist Sir John [...]
Explainer: Small house builders face existential hurdles July 6, 2023 As mortgages and rents rocket up, the housing industry hardly needed another blow. But small firms in the sector have warned they risk going bust without an intervention. In a letter to the prime minister this week, more than 200 small to medium-sized companies lamented that changes in the planning systems are blocking new developments [...]
House building craters to weakest level in 14 years amid Bank of England interest rate rises July 6, 2023 The Bank of England’s series of aggressive interest rate hikes to pull back raging inflation is wreaking havoc on house building, dealing a blow to first time buyers hoping to get on the property ladder any time soon, a closely watched survey out today shows. According to S&P Global and the Chartered Institute of Procurement [...]