City Moves: Who is switching jobs in the Square Mile this week? March 10, 2021 Snakes and Ladders provides a roundup of the most important hires and job moves across the City, every Wednesday afternoon. Email citymoves@cityam.com to be featured. New strategy director joins Wates Construction Wates Construction Group has appointed a new strategy and integration director for its recently formed group of businesses Wates Integrated Construction Services (WICS). Joining the London office, [...]
Week in Sportbiz: Formula 1 takes the pain; Budweiser buys NBA rights; watch every PGA Tour shot; World Rugby’s bad timing; squash, the great survivor March 4, 2021 “Our goal was to try and take the pain in 2020,” Greg Maffei, president of Formula 1 owners Liberty Media, told investors this week. Maffei can consider that mission accomplished after Liberty laid bare the devastating effect of the pandemic on F1’s finances last year. F1 slipped from a $17m profit in 2019 to a [...]
Is Uber the new Amazon? April 2, 2019 By Edmond Jackson from interactive investor. In a test of narrative power versus whopping financial losses, so-called “ride-hailing” or “ridesharing” giants Uber and Lyft have rivalled each other to list on the New York Stock Exchange – Lyft got there first. Both capture the spirit of the times, connecting taxi drivers to passengers via their [...]
Exclusive: Charging firm EO signs deal to power-up Tesco’s EV fleet October 10, 2021 Electric vehicle (EV) solutions provider EO Charging has secured a deal to power Tesco’s fleet of electric vans, EO told City A.M. EO Charging, founded in 2014 in Suffolk, will provide the supermarket giant with more than 200 AC fast chargers as well as 5 DC rapid ones across five depots – including Oxford, Glasgow, [...]
Deliveroo appoints Goldman Sachs to oversee London float October 5, 2020 Deliveroo has appointed Goldman Sachs to oversee its long-awaited London flotation, according to reports, in a move that would value the UK food delivery company at more than £2bn. The Amazon-backed startup is expected to debut on the London stock market next year following discussions with the investment banking firm, Sky News reported. Deliveroo declined [...]
Neverland or Nomadland for older crypto investors? April 30, 2021 " Don’t ask people like me all the time because I do NOT offer financial advice and I don’t want to be responsible for anybody losing any hard-earnt money."
Mark Carney slammed over fossil fuels ahead of COP26: ‘Watering down rules for finance’ October 7, 2021 Just weeks before the UK hosts the COP26 climate summit, around 90 climate groups have written to UN Special Envoy Mark Carney and place ads in the Financial Times and Toronto Star today, urging him “to stop greenwashing financial institutions that continue to invest in expanding fossil fuel infrastructure.” The groups said that, while his [...]
Game over: Major retailer websites crash amid PS5 release frenzy November 19, 2020 The websites of major retailers including Amazon, John Lewis and Currys crashed this morning after frenzied gamers rushed to get their hands on the new PS5. Shoppers hoping to get their hands on the latest console also ran into problems on the Tesco and Game websites, as retailers were overwhelmed by demand. Amazon released its [...]
Bezos accused of ‘wilful blindness’ over use of unlicensed music on Twitch August 10, 2020 Amazon founder Jeff Bezos has found himself under fire by the music industry for an “apparent unwillingness” to counteract use of unlicensed music on streaming platform Twitch. In a letter, seen by City A.M., non-profit organisation the Artist Rights Alliance (ARA) accused Bezos of being ignorant of copyright issues on Twitch, having submitted more than [...]
Photo hoarding carries higher carbon cost than international flights October 26, 2021 New research today reveals Britons' hidden dirty data habits, with the nation’s trigger-happy social snappers contributing over 355,000 tonnes of CO2 every year through unwanted pics alone: the equivalent to the entire population of Chelmsford flying to Australia and back