Google sued by 130,000 firms over ad dominance November 30, 2022 Google has been sued in a claim by 130,000 firms that argue its advertising strategy has cost them billions of pounds in lost revenues. The competition claim valued at up to £13.6bn at the Competition Appeal Tribunal accuses Google and its parent firm Alphabet of abusing its dominant position in online advertising and “earning super-profits [...]
Cheaper airport journeys in sight as Elizabeth line tickets will cost half of Heathrow Express May 18, 2022 Travelling to Heathrow aboard the Elizabeth line will cost half compared with the Heathrow Express. Tickets to the airport will be £10.70 off peak and £12.70 at peak times, respectively 57 and 49 per cent less compared with the high speed rail’s £25 ticket, the Evening Standard reported. In terms of duration, Crossrail services departing [...]
EDF announces another delay to Hinkley Point C nuclear plant March 28, 2022 EDF has revealed it will have to announce new delays and cost overruns for its Hinkley Point C nuclear plant project in the UK.
Workers in these sectors could be owed thousands from HMRC as cost of living set to spiral February 15, 2022 With the cost of living set to spiral, research by tax refund experts, accountants have told City A.M. this morning many UK workers are unaware of the thousands of pounds they could be owed via a tax refund, particularly those working within construction, security, in offshore oil and gas or within the armed forces. It’s shaping [...]
UK house prices surge to highest point since January to end months of stagnation after rate cut August 7, 2024 Renewed momentum in the property market has seen UK house prices rise at the highest rate since January, ending a three-month spell of stagnation. House prices increased by 0.8 per cent in July, with the average property now costing £291,268, up from £289,042 in June, according to the Halifax house price index. This surge sets [...]
UK’s financial watchdog fines three Carillion executives over misleading statements July 28, 2022 The UK’s financial watchdog today fined three former Carillion executives for “recklessly” publishing misleading statements prior to the construction firm’s collapse in 2018. The Financial Conduct Authority (FCA) said it would have also fined the company itself a sum of £37.8m if it were not for the firm’s 2018 bankruptcy. The FCA’s sanctions saw Carillion’s [...]
Metro mayors need more power to deliver growth May 8, 2024 Sadiq Khan has been reelected for a third term as mayor, but if he's to get London firing on all cylinders we need more fiscal devolution
Everton investment blow as MSP Sports Capital switches focus to £3.1bn Tottenham Hotspur takeover February 15, 2023 Everton’s hopes of securing investment have suffered a blow after US private equity fund MSP Sports Capital reportedly turned its attention to a takeover of Tottenham Hotspur. MSP held talks about buying a minority stake from Everton majority shareholder Farhad Moshiri, who is seeking investment to help the cash-strapped club fund its new stadium build. [...]
What would radically cutting immigration really mean for businesses? April 24, 2024 Getting the balance right in legal immigration is the key challenge of our time, and there are myriad medium- and long-term benefits to be seized
Exclusive Q&A: Ramboll on hydrogen’s role in the UK energy sector August 5, 2022 City A.M. sits down with John Mullen, UK Energy Market Director at Ramboll to discuss the viability of domestic hydrogen production.