A snap legislative change to isolate P&O exposes the holes of employment law March 29, 2022 First came the heavy-handed sacking of 800 workers via Zoom. Then followed the unnerving performance of P&O chief exec Peter Hebblethwaite in front of a parliamentary select committee. The P&O saga has been a total mishap. Now, Transport Secretary Grant Shapps has vowed to change the laws and make it illegal to pay employees below [...]
Premier League appoints Richard Masters as chief executive after embarrassing saga December 12, 2019 The Premier League today approved the appointment of interim chief executive Richard Masters to the role on a permanent basis. Masters’ appointment follows an embarrassing saga for the football body, which gave the job to two previous candidates, neither of whom took up the role. Read more: The Premier League’s incoming CEO has quit before [...]
Exclusive: The WhatsApp scandal in banking and its place in the City January 15, 2023 The unprecedented fine from the SEC, exacted on 16 Wall Street banking giants in 2022, caused ripples on both sides of the pond last year. The collective $1.8bn in punishments doled out to a group consisting of names such as Barclays, Citigroup, Goldman Sachs, and Morgan Stanley, was executed as staff were found to have discussed deals [...]
Greensill: David Cameron made multiple attempts to lobby Bank of England April 22, 2021 David Cameron made multiple attempts to lobby Bank of England (BoE) officials over allowing collapsed financier Greensill access to the bank’s Covid Corporate Financing Facility (CCFF) scheme. Documents obtained by Freedom of Information request show that Cameron contacted officials five times in total over the “incredibly frustrating” issue. It is the latest saga in a [...]
Rivals blast Hargreaves Lansdown for transfer delays in wake of Woodford saga November 22, 2019 Hargreaves Lansdown has come under fire from rivals after it emerged customers are being forced to wait up to three months to transfer their assets to other investment platforms in the wake of the collapse of Neil Woodford’s investment empire. Five of the fund supermarket’s competitors told City A.M. that waiting times for customers transferring [...]
Supermarket clothing sales double as shoppers seek retail therapy April 7, 2021 Supermarket clothing sales boomed last month as consumers sought in-person shopping experiences while non-essential retailers were closed, in a positive indicator of pent up demand ahead of high streets reopening next week. Sales of clothing at supermarkets doubled to £313m in the four weeks ended 27 March. Home and garden sales also collectively jumped to [...]
European Super League: JP Morgan boss admits investment bank failed to grasp football fans’ passion May 5, 2021 JP Morgan’s boss has admitted that the investment bank had failed to understand the passion of football fans when it agreed to finance the failed breakaway European Super League. Chief executive Jamie Dimon said the US banking giant had “kind of missed” the strength of feeling among football supporters before it agreed to fund around [...]
Roman Polanski files open after 45 years, judge planned to imprison film director before he fled US July 18, 2022 A Los Angeles judge privately told lawyers he would renege on a plea deal and imprison Roman Polanski for having sex with a teenage girl in 1977, a former prosecutor has testified, setting the stage for the renowned director to flee the US as a fugitive. A previously sealed transcript – obtained late on Sunday [...]
Naomi Klein: Even after Doppelganger, I’m still being mixed up with Naomi Wolf June 19, 2024 Having just won the Women's Prize, Naomi Klein sits down with City A.M. to talk Doppelganger, Twitter, and still being mistaken for Naomi Wolf.
WhatsApp fined £193m by data protection watchdog September 2, 2021 WhatsApp has been ordered to pay a €225m (£193m) fine under a European data protection law. Facebook owned messaging platform has been accused of failing to be transparent about how it handled user data by the Irish Data Protection Commission. The data protection watchdog announced the decision today saying that WhatsApp had failed to adequately [...]