Post Office chairman steps down amid Horizon scandal fallout January 28, 2024 The chairman of the Post Office, Henry Staunton, has stepped down amid ongoing tensions in the wake of the Horizon IT scandal.
Boohoo factory saga ‘one of the worst ESG scandals’ in UK history, Leicester MP says November 18, 2020 The discovery of poor working conditions in Boohoo’s Leicester supply chain has been branded “one of the worst environmental, social and corporate governance (ESG) scandals in modern UK history”, by one of the city’s MPs. Liz Kendall, the MP for Leicester West, today again called on Boohoo’s executive chairman Mahmud Kamani and chief executive John [...]
Explainer-in-brief: The infamous Twitter poll on Elon Musk December 21, 2022 This week started with Elon Musk creating a Twitter poll on whether he should step down as Twitter chief, following all the controversy of the past months. The poll closed with 57.5 per cent of users saying “yes”, and 42.5 per cent saying “no”. As one could have expected, Musk subsequently brought the poll into [...]
UK car insurance costs jump 40 per cent hitting all-time high July 19, 2023 The cost of car insurance has risen to an “all-time high” with motorists shelling out a record 40 per cent more for insurance premiums than last year, new data reveals. On average, UK drivers are now paying £776 to insure their cars, up from £222 one year ago, according to Confused.com and Willis Tower Watson’s [...]
Telegraph takeover: Could Yorkshire Post owner National World win race as it declares itself ‘the best’? March 21, 2024 National World, the owner of titles such as the Yorkshire Post and The Scotsman, has stepped up its interest in buying the Telegraph.
Post Office: Law quashing convictions needs ‘legally binding’ redress deadline, MPs say March 13, 2024 The government’s new law to quash the wrongful convictions of sub-postmasters affected by the Post Office Horizon IT scandal should have a “legally binding” redress timeframe, MPs have said.
Recession off the cards, getting over 50s ‘back to work’, strikes and banks take stock – the five best read stories on City A.M. this week March 17, 2023 It was the week UK Chancellor Jeremy Hunt laid out his first Spring Budget, but as pension savers and taxpayers looked on, fears of a recession appeared to fade, although the sagas of banks Silicon Valley Bank, Credit Suisse and on-going strikes raged on; here are the stories readers were flocking to on City A.M. [...]
AA: Shareholders weigh up major sale of stake in roadside breakdown giant April 17, 2023 The AA’s shareholders are considering the sale of a significant stake in the £2.5bn breakdown specialists, as first reported by Sky News’ Mark Kleinmann. Towerbrook Capital Partners and Warburg Pincus have hired Goldman Sachs to advise on the deal, which could result in three shareholders taking an equal slice of the company. Analysts told Sky [...]
Adrian Newey, £30m deal at Aston Martin F1 and why he’s worth it September 9, 2024 With Aston Martin set to announce Adrian Newey’s arrival at the Formula 1 outfit, City A.M. asked paddock insiders whether he was worth his reported £30m package. When you think of glitz, glamour and extortionate amounts of cash in sport Formula 1 is never too far away. The travelling circus is a commercial juggernaut worth [...]
Flagstone doubles assets under administration as UK savers chase better rates August 19, 2024 Flagstone has more than doubled its assets under administration in 18 months as the fintech savings platform cashes in on UK savers chasing better interest rates.