Peloton loses almost £100m as UK arm sheds hundreds of jobs August 12, 2024 The UK arm of Peloton lost almost £100m and shed hundreds of jobs, it has been revealed. The London-headquartered division has posted a pre-tax loss of £98.1m for the 12 months to June 30, 2023, according to newly-filed accounts with Companies House. Peloton previously posted a pre-tax loss of £173.7m for its prior financial year. [...]
The Notebook: Neil Bennett on replacing himself with AI November 1, 2023 The notebook is a place for interesting people to say interesting things. Today, it’s the turn of global co-CEO of H/Advisors, Neil Bennett. What to look out for at the AI Summit, from Elon to lip service I, or artificial intelligence, has been the talk of the town for quite some time now. The technology [...]
Why Tottenham Hotspur have emerged as a target for Paris Saint-Germain owners Qatar Sport Investments January 9, 2023 Qatar Sports Investments, the owners of Paris Saint-Germain, have identified Tottenham Hotspur as a potential minority investment as they accelerate plans to build a global network of football clubs in 2023. Sources close to QSI said chairman Nasser Al-Khelaifi, who is also PSG president, held talks with Tottenham executive chairman Daniel Levy last week to [...]
Booming Birmingham is a model for growth July 17, 2024 While most regions are witnessing declining growth, the West Midlands is bucking the trend, with Birmingham smashing records for attracting FDI, says mayor Richard Parker Today, the new Government will use the King’s Speech to put economic renewal at the heart of its legislative agenda and commit to hand power back to local leaders. There [...]
Who’s who in Labour’s new look Treasury and business teams? July 11, 2024 Post-election and cabinet appointments, we’ve rounded up who's who in the government's new-look Treasury and business top teams.
Are The Fortune 500 Afraid Of The Dark? Metrikus Is Back With Dark January To Get Companies To Go #LightsOut January 25, 2024 It definitely feels like that when you look up at the skyline of the City of London well after office hours. All these towering skyscrapers are lit up with absolutely no one in. And while the legend of the occasional graduate banker burning the midnight oil and napping in sleep pods may well be the [...]
Ed Warner: What’s next for the losers in the rush to embrace sovereign wealth? June 15, 2023 City A.M. columnist Ed Warner discusses the recent LIV Golf merger, the Saudi Arabia PIF deal and what comes next for the losers in the rush to embrace sovereign wealth. Elite runners focus on every step of every run. Us mere mortals seek displacement tricks to block out the pain. And so I found myself [...]
Manchester City banned from Europe for two years for ‘serious breach’ of FFP February 15, 2020 Manchester City have been banned from Uefa club competitions for the next two seasons after committing “serious breaches” of financial fair play (FFP) regulations. The current Premier League champions will not be able to participate in the Champions League of Europa League in 2020-21 or 2021-22. They have also been fined 30m euros (£25m). The [...]
From Abramovich to the Saudis: Football clubs have become the laundry for muddy reputations March 4, 2022 In 2003, Roman Abramovich bought Chelsea Football Club. In the years thereafter, a perennial underachiever became one of the most successful clubs in English football, a five-times Premier League champion and twice winner of the Champions League, the pinnacle of European football. Today, they are the reigning European and world club champions. Results on the [...]
Uefa Nations League Finals: Hasn’t football finished yet? Oh go on then June 13, 2023 If you thought football had packed up for the summer then think again as the longest season ever segues into the coda that nobody asked for: this week’s Nations League Finals. From Wednesday through to Sunday, hosts the Netherlands, Croatia, Spain and Italy are set to convene in the lowlands to duke it out for [...]