Shell just made its first investment in blockchain with UK startup Applied Blockchain January 18, 2018 Shell has made its first investment in blockchain, the technology eliciting interest around the world because it underpins bitcoin, but which has far wider applications. The oil giant has taken a minority stake in London startup Applied Blockchain to help it explore how the technology might be applied to its business. The value of the [...]
Inflation falls to lowest in a year: Here’s what economists think the Bank of England will do April 18, 2018 Inflation fell in March in a further boost to British households who have suffered a year of real wage falls, but the Bank of England’s job may have become trickier, according to economists. Consumer price inflation (CPI) fell by 0.2 percentage points in March to hit 2.7 per cent. The Bank targets two per cent [...]
Mayor of London Sadiq Khan warns of London brain drain caused by steep house prices in capital March 12, 2018 Sadiq Khan fears London businesses could be hit with a “brain drain” if staff are unable to achieve their ambition of owning a home. The London mayor has warned that top bosses see the housing crisis as the primary barrier to doing business in London. In an exclusive interview with City A.M., Khan said: “The [...]
Deloitte in humiliating apology to Downing Street for leaked Brexit memo criticising Theresa May December 21, 2016 Deloitte has apologised to the government for the leak of a note that was highly critical of a lack of strategic direction – and has been forced to give up bids for Whitehall contracts, according to reports. The accountancy firm said the note “was not a Deloitte point of view”, while acknowledging the “disruption” it [...]
Transport for London (TfL) mulls cashing in on open data expertise through new consulting arm October 13, 2017 Transport for London (TfL) has shed more light on the role of its consultancy arm in the works, saying today that it is exploring new commercial avenues through releasing open data. The transport body makes its information, spanning timetables, service status and disruption, publicly accessible. And according to a report out today by Deloitte for [...]
Crypto-phobia risks tarnishing blockchain with the bitcoin brush April 9, 2018 Bitcoin, the most well-known cryptocurrency, has been associated with dark and unsavoury topics such as human trafficking, money laundering, and most recently indecent image transfer. As such, cryptocurrencies, and their foundational technology blockchain, have been negatively tainted in the public eye. While we cannot shy away from confronting this dark side of cryptocurrency, there remains [...]
Don’t get too excited by Canada’s cannabis legalisation vote June 4, 2018 On Thursday 7 June, a vote is being held in Canada’s Senate that is likely to see cannabis legalised for recreational use across the country. But the sector remains a risky investment. Legal marijuana could be in the “shops” in Canada by August this year. This follows decriminalisation by a number of US states and [...]
Legal ranking firm Chambers and Partners scooped up by Virgin Experience Days owner Inflexion March 20, 2018 Legal rankings business Chambers and Partners came top of Inflexion's books today, as the private equity firm announced it had bought the business for an undisclosed price. Founded in 1990, Chambers is used by corporates to help them choose legal advisers and by law firms to help select individual lawyers to hire. City A.M. understands [...]
The City is coming together to end stigma around mental health in the workplace March 19, 2018 If you asked a City employer what their most valuable assets were, you’d hope most of them would answer “our people”. But how can you look after assets as complicated as people? At any one time, one sixth of the working-age population of Great Britain experience symptoms associated with mental ill health, and with the [...]
Antonio Conte insists “I’m doing a great job” after Bournemouth batter Chelsea 3-0 at Stamford Bridge January 31, 2018 Chelsea 0, Bournemouth 3 Chelsea manager Antonio Conte issued a staunch defence of his performance after his side suffered a shock defeat at home to Bournemouth. The Blues boss insisted he was getting the best out of his players despite them conceding three second-half goals in 17 minutes to Callum Wilson, Junior Stanislas and Nathan [...]