Virgin Galactic distances itself from chairman after controversial Uyghur comments January 18, 2022 Virgin Galactic has distanced itself from comments made by its chairman yesterday, urging that his views do not reflect that of the company’s. Chairman Chamath Palihapitiya told the All-In Podcast audience that “nobody cares about what’s happening to the Uyghur Muslims.” Venture capitalist Palihapitiya, amidst a discussion of human rights, said “of all the things [...]
City of London launches grant scheme for Omicron-hit Square Mile businesses January 18, 2022 Retailers and hospitality businesses that have been hit by a collapse in footfall due to work from home guidance will be able to apply for a grant from the City of London Corporation, it was confirmed last night. The Corporation, the Square Mile’s governing body, has put in the majority of the money behind the [...]
Corporate standards might be well noted down the road in Whitehall January 17, 2022 A mischief-making tweeter last week asked whether a CEO caught in breach of lockdown restrictions would be given the same second chance that Boris Johnson seemingly has been given by his party. The answer came yesterday – when Antonio Horta-Osorio stepped down as Chair of Credit Suisse after two ill-advised quarantine breakouts. Whatever the ins [...]
The City View: January 17: Credit Suisse and the BBC January 17, 2022 In this episode, Andy Silvester discusses the latest scandal at Credit Suisse, proposed changes at the BBC and a week’s worth of inflation data.
Sweat is weakness leaving the body: Europe’s highest gym launches in City’s new 22 Bishopsgate skyscraper January 17, 2022 Europe’s highest gym will soon be in the Square Mile as fitness operator BXR London told City A.M. this afternoon it is moving in on the 25th floor inside the new 22 Bishopsgate tower. The BXR City branch will also contain one of the highest climbing walls in the world when it will open next [...]
FCA chief operating officer Stephanie Cohen to step down January 17, 2022 The City watchdog’s chief operating officer Stephanie Cohen will step down later this year for personal reasons. BlackRock veteran Stephanie Cohen joined the Financial Conduct Authority in 2021, but an internal email seen by City A.M. informed staff this morning that she would be moving on “later this year.” Cohen was one of a series [...]
Sir Martin Sorrell eyes up ad-tech with new £110m venture capital fund January 16, 2022 Advertising boss Sir Martin Sorrell is launching a £110m venture capital fund aimed at early-stage ad-tech companies.
Shares in private equity giant TPG surge after flotation January 14, 2022 Shares in US Private equity giant TPG surged on its first day of trading.
Exclusive: Calls to boost morale and productivity via hybrid working to unlock £55bn and 51,000 jobs January 13, 2022 The £37bn that is contributed to the economy annually through flexible working could be doubled if companies roll out more hybrid working options, according to new research, shared exclusively with City A.M. this morning. In fact, refusing to accommodate flexible working requests costs businesses £2bn a year, the report found, complementing a separate report from [...]
Millions of banking app users exposed to security flaw: HSBC, NatWest, Monzo, Santander, Starling and Virgin Money customers all affected January 12, 2022 Millions of Brits who use online banking services are exposed to some worrying fraud risks, industry experts warned today. Following an investigation by security experts 6point6, testing the online and mobile app security of 15 major current account providers on a range of criteria, including encryption and protection, login, and account management and navigation, consumer [...]