Tech boss warns UK to avoid own goal in Autumn Budget October 29, 2024 The founder and chief executive of a British artificial intelligence (AI) unicorn has urged the government to prioritise innovation in this week’s Budget, warning against policies that could hinder growth for UK tech firms. “I will be watching with huge focus when the Budget is delivered,” Vishal Marria told City AM, adding that “we must [...]
How we morphed a party outfit into a multi-million pound costume business October 29, 2024 How I turned an impromptu party outfit into a multi-million-pound business
Social impact: from employee engagement to meaningful change October 29, 2024 Social impact is a subject close to City AM’s heart, and if the number of nominations we received for this year’s Dragon Awards for Social Impact is anything to go by, it’s something that’s taken seriously by an impressive number of businesses of all sizes. We’ve come a long way over the last 10 or 15 [...]
“Genuinely uplifting” – The City AM Dragon Awards for Social Impact October 29, 2024 The rest of this week is going to be dominated by the Budget, so permit us a diversion today as this column focuses not on capital gains tax, investor sentiment or national insurance, but on the quiet, unassuming brilliance of so many people and so many businesses doing so many great things. In yesterday’s paper [...]
Wealth tax ‘could cost the UK £100bn in 10 years’ October 29, 2024 The UK is especially vulnerable to the ill effects of a wealth tax and could suffer a near £100bn hit to its GDP in a decade were one introduced, a paper out today has argued. A two per cent tax applied to those with a net wealth of £10m would incur a 0.4 per cent [...]
Top City tax barrister charged with tax evasion October 28, 2024 A top City tax barrister has been charged with tax evasion, it has emerged.
Chrysalis raises Klarna valuation ahead of fintech’s planned IPO October 28, 2024 Chrysalis raised the valuation it assigns to its stake in Klarna as the buy-now pay-later (BNPL) giant gears up for a hotly-ancitipated IPO next year.
US investor revives controversial Revolut share offer after FCA setback October 28, 2024 A US private equity firm is pressing on with a controversial effort to grow its stake in Revolut at a heavy discount, City AM can reveal, after its previous offer was scuppered by the City regulator.
Former Accenture exec Peter Lacy settles claim with consultancy giant October 28, 2024 Accenture’s former head of sustainability Peter Lacy has settled his employment case with the consultancy giant, City AM can reveal
How the politics of your fund manager could affect your portfolio October 28, 2024 Does politics affect the way you invest? It could be impacting how the fund manager that looks after your money does. Fund managers are increasingly managing their portfolios based on their political views, according to a new study from Harvard Business School and Washington University. An analysis of the political leanings of fund managers in [...]