Boohoo poaches Trainline CFO weeks after retailer saw first-ever sales drop June 23, 2022 Boohoo has poached Trainline’s former finance lead as its new chief financial officer (CFO), just weeks after the retailer posted its first-ever sales drop. It comes amid a turbulent period for fast fashion brands. Rival retailer Missguided collapsed in late May, after being hammered by spiralling supply chain costs. Shaun McCabe, who has sat on [...]
Former Liverpool FC CEO says live sports needs to up its game to keep Gen Z’s attention October 11, 2022 Peter Moore knows a thing or two about making sport work as a business. After all, his time as the boss at videogame developer EA Sports coincided with the boom in online sports competition that still continues today. And his time running Liverpool FC saw the club win the Champions League and the Premier League, [...]
UK dividends slump to $14.7bn in first quarter after slowdown in special payouts May 24, 2022 UK dividends slumped in the first quarter of the year after a slowdown in frothy one-off payouts that caused an $18.8bn spike between January and March last year.
Not such a green City: Two thirds of firms have zero plans for sustainability September 20, 2021 More than two thirds of all businesses across the UK have no environmental sustainability policy, according to new research shared with City A.M. this morning. A survey by recycling group Suez and the British Chambers of Commerce found that 64 per cent of around 1,000 businesses surveyed said they had no such plan. Overall only [...]
Mark Kleinman: Britain’s fibre infrastructure proves hard to digest August 22, 2024 Mark Kleinman is Sky News’ City Editor and the man who gets the Square Mile talking in his weekly City A.M. column. Today, he looks at the UK’s altnet sector, a jilted housebuilder and Thames Water’s leaky boardroom. Britain’s fibre infrastructure proves hard to digest Time to hang up? That’s the way many investors feeling about [...]
Not funding Sizewell C risks UK’s green ambitions, nuclear industry warns April 24, 2023 The nuclear industry has pushed the environmental benefits of Sizewell C amid reports the project is struggling to lure UK investors.
Record industry could save £200m as court order extends pirate website block to mobile networks July 12, 2022 The music industry celebrates this morning after a High Court Order forces mobile providers to start blocking pirate music websites, potentially saving the record industry £200m a year. Website blocking acts as a powerful legal remedy for those who own and invest in copyright and brands from music, film, sports and gaming industries, whose rights [...]
BT shares jump as it dodges Labour nationalisation December 13, 2019 Shares in BT jumped in early trading this morning as Boris Johnson’s thumping election victory staved off fears of nationalisation under Jeremy Corbyn’s Labour party. BT shares spiked as much as 10 per cent to 206.8p before easing back down to an eight per cent rise as investors breathed a deep sigh of relief. Read [...]
Week ahead: City braces for another Bank of England rate hike January 30, 2022 All eyes will be on Threadneedle Street this week as the City braces for another rate hike from the Bank of England. The Old Lady is widely expected to lift borrowing costs again on Thursday, marking the first time the central bank has hiked rates at successive meetings since 2004. The Bank lifted rates for [...]
Government’s Huawei 5G cap will cost BT £500m January 30, 2020 BT today warned the government’s decision to cap Huawei’s involvement in the UK’s 5G network will cost the telecoms giant £500m over the next five years. BT welcomed the “clarity” provided by Prime Minister Boris Johnson’s decision to enforce a 35 per cent cap on Huawei’s 5G involvement. But CEO Philip Jansen today warned of [...]