Plural launches £342m fund to target new ‘tech titans’ January 23, 2024 Venture platform Plural has launched a second fund aiming to raise €400m (£342.6m) for early stage ‘tech titans’. The firm, which began in June 2022, was founded by Wise co-founder Taavet Hinrikus, along with other entrepreneurs such as Songkick founder Ian Hogarth and angel investor Khaled Heloui. Over the last 18 months, the firm’s original [...]
Labour would win 154-seat majority if election held tomorrow, pollsters find April 3, 2024 Rishi Sunak is on course to suffer a general election defeat similar to the Conservatives’ 1997 blowout, pollsters have found.
Formula 1: Alfa Romeo supplier AB Dynamics races ahead after £24m acquisition April 3, 2024 Formula one testing firm AB Dynamics has received a thumbs up from analysts after announcing a fresh £24m deal to acquire a US company.
Bulb takeover will only cost taxpayer £260m, says Octopus Energy February 1, 2023 Octopus Energy's takeover of Bulb could cost the taxpayer considerably less money than previously estimated, the firm told City A.M.
Grant Thornton UK elects 20-year veteran as new chief executive January 22, 2024 Grant Thornton UK has appointed its new CEO after Dave Dunckley stood down in a surprise early departure. The firm’s partners elected Malcolm Gomersall as the new CEO, subject to regulatory approval. He was already running the firm while the selection process took place. Gomersall was the firm’s chief operating officer, having taken on that [...]
HSBC plots special dividend after completing sale of Canadian business April 2, 2024 HSBC said the deal will unlock "significant value" for the bank. Completion of the transaction will result in an estimated gain on sale of $4.9bn in HSBC's first quarter results.
‘Worrying failure: Snap handed enforcement notice by UK information watchdog over AI chatbot October 6, 2023 The UK’s information watchdog has said Snapchat may be required to “stop processing data” related to its AI chatbot after issuing a preliminary enforcement notice against the technology business. UK Information Commissioner John Edwards said the provisional findings of a probe into the company suggested a “worrying failure” by Snap, the app’s parent business, over [...]
Labour set to further water down £28bn green plans: reports November 25, 2023 Labour may be set to further water down its pledge to spend £28bn-a-year on green initiatives, according to reports.
Anne Stevenson-Yang on China, audit reform and why she’s unsure about Yorkshire June 8, 2024 City A.M. sits down with the co-founder of activist short-selling firm J Capital Research to discuss China, its companies and whether they require closer inspection
Jupiter investors accelerate exodus over departure of star stock-picker July 26, 2024 London funds house Jupiter saw outflows accelerate in the first six months of the year as investors grew nervous over the departure of star stock picker Ben Whitmore. In its half year report today, the FTSE 250 investment group said it had notched total net outflows of £3.4bn in the six months to the end [...]