Ahead of the Game: A$AP Rocky’s Tranmere takeover hits a snag October 30, 2024 City AM has learned that one of Tacopina's key investors, who was providing around 30 per cent of the funding, pulled out last week.
How we morphed a party outfit into a multi-million pound costume business October 29, 2024 How I turned an impromptu party outfit into a multi-million-pound business
CMA launches merger inquiry into Alphabet and Anthropic partnership October 24, 2024 Britain's competition watchdog has opened a merger inquiry into Alphabet's partnership with artificial intelligence (AI) safety start-up Anthropic.
WPP: New deals with Amazon and Unilever drive growth October 23, 2024 Like-for-like revenue at advertising giant WPP ticked up 4.1 per cent in the quarter to 30 September, despite a decline in business outside of the US and Europe. However, net new billings declined year-to-date. The figure came in at $3.2bn (£2.5bn) compared to $3.4bn (£2.6bn) in 2023. However, other regions struggled. Revenue in the UK [...]
Wine Cocktails are Winning Gen-Z October 23, 2024 Wine is wonderful, but a certain demographic (I’m looking at you Gen Z) seem to increasingly prefer cocktails. “Customisation is key, which is why cocktails are the perfect drink of choice for Gen Z,” says Carmen O’Neal, Saturday Kitchen’s spirits expert and founder of 58 and Co distillery. “Cocktails can be tailored to their tastes [...]
Amazon Alexa inventor says most companies are getting AI wrong October 17, 2024 William Tunstall-Pedoe, the inventor behind Amazon’s voice assistant Alexa, has said that many companies that are trying to embed AI in their operations are getting it wrong. “Pretty much every medium and large business out there is trying to bring AI into their business,” he told City AM. “But a lot of these projects are [...]
The Square Mile and Me: M Restaurants founder Martin Williams on backpack etiquette and mandatory two hour lunches October 17, 2024 Each week we ask a City figure to take a trip down memory lane. Today it’s Martin Williams, CEO of Groucho and founder of M Restaurants on the City staple’s 10th birthday What was your first job? I started working in hospitality when I was sixteen, as a dishwasher in a grotty hotel in North Yorkshire. I [...]
I saw inside an AI-powered Amazon warehouse – here’s what I thought October 16, 2024 Last week, I got a behind-the-scenes look at one of Amazon’s new AI-powered warehouses, in what felt like a glimpse into the future. Inside the 3.5m square foot facility in Nashville, Tennessee, Amazon was finally unveiling the fruits of its AI strategy, revealing a fleet of new AI-powered robots and tools designed to increase efficiency [...]
Fundsmith Equity plummets down most bought list as passives dominate October 15, 2024 Fundsmith Equity, the largest investment fund in the UK, fell 12 places down Interactive Investor’s most bought list in the third quarter of 2024, as passives cemented their majority on the list. The £23.8bn fund, run by star fund manager Terry Smith, fell from eighth on the list to 20th, the biggest movement of any [...]
Profit slashed at Eon Productions as wait for new James Bond continues October 15, 2024 Profit at Eon Productions, the company behind the James Bond movie franchise, was slashed in 2023 despite its turnover jumping, it has been revealed. The London-headquartered business has reported a pre-tax profit of £224,985 for its latest financial year. The total comes after the firm posted a pre-tax profit of £900,879 for 2022. Newly-filed accounts [...]