Channel 4: Some key questions about the Government’s privatisation plans answered April 5, 2022 The Government is set to proceed with plans to privatise Channel 4. City A.M. sought answers to some of the key questions about the decision. Firstly, why does the Government want to privatise the broadcaster? The Government has argued that Channel 4’s long-term future needs to be secured amid concerns for its survival in the [...]
CMA puts brakes on Amazon’s Deliveroo investment July 5, 2019 The UK’s competitions watchdog will examine Amazon’s investment in Deliveroo, it said this morning, putting the brakes on the multi-million pound deal. The internet retail giant took a stake in Deliveroo in May, leading a $575m (£450m) funding round. It did not reveal the exact size of the stake. Read more: Amazon leads £450m Deliveroo [...]
Gamestop drops while Clover Health rises as rollercoaster ‘meme stocks’ continue June 10, 2021 GameStop shares fell 7.6 per cent this morning while Clover Health Investments (CLOV.O) jumped 5.9 per cent earlier today after soaring about 86 per cent earlier this week as retail traders on reddit turn their attention to new stocks to push up. GameStop announced the head of Amazon’s Australian business, Matt Furlong, as its new [...]
City Moves: Who’s switching jobs in the Square Mile this week? January 13, 2022 City A.M.’s Millie Turner provides a roundup of the most important hires and job moves across the City, every morning. Email citymoves@cityam.com to be featured. Aon Professional services firm Aon has hired an ex-HSBC director as its new enterprise client leader for financial institutions team. Pete Rutherford, who has held positions at Abrdn, the Royal Bank of Scotland and Clydesdale Bank, brings [...]
Lamborghini Huracan Tecnica review: Like a hurricane November 4, 2022 The new Lamborghini Huracan Tecnica starts with the track-focused STO, then dials it down for the road. But all things are relative...
Investors pile into real assets amid equity market turbulence June 26, 2022 Investors are piling into so-called real assets this year as equity markets plunge amid soaring inflation and rising interest rates, new data has revealed.
BT confirms talks to offload stake in TV arm in broadband push April 30, 2021 BT has confirmed that it is in talks with major streaming platforms to offload a stake in its television arm as it focuses on its broadband division. BT Sport launched in 2012 in a bid to take out rival Sky which has accrued somewhat of a monopoly on Premier League television rights. It confirmed this [...]
Everybody’s Talking About Jamie review – fuzzy but heartfelt September 21, 2021 Everybody may be talking about Jamie, but it’s unlikely to be in a cinema foyer. Original studio Disney were intending a theatrical release until as late as May, when the film was sold to Amazon for its streaming service and a limited cinema run in the UK. The adaptation of the West End hit was [...]
Bezos-backed firm to build nuclear fusion plant in UK June 17, 2021 A Canadian firm backed by Amazon founder Jeff Bezos will build its first nuclear fusion power plant in the UK, it was announced today. General Fusion will build the prototype facility at Culham in Oxfordshire, the home of the UK Atomic Energy Agency (UKAEA). Construction is anticipated to begin in 2022, with operations beginning approximately [...]
Screenshot: Will London ever be ready for tech IPOs? April 2, 2021 This week **Media Moment of the Week: Volkswagen’s awkward U-turn **Will London ever be ready for tech IPOs? **Amazon goes bonkers for bots Media Moment of the Week: Volkswagen’s awkward U-turn There are few things as grating as the forced joviality of April Fool’s Day and it should, in this writer’s opinion, be cancelled. That [...]