Gucci plots metaverse as it snaps up virtual real estate in The Sandbox February 10, 2022 Luxury fashion house Gucci is launching into virtual reality with plans to build its own metaverse on digital real estate platform The Sandbox
Ofgem investigates suppliers over direct debit payments May 3, 2022 Household energy suppliers are under fresh scrutiny from Ofgem amid concerns customers are facing unfair hikes in direct debit demands.
New tax year ushers in more woe for businesses and households April 6, 2022 Today marks the start of what will be yearly increases in tax bills for households across the UK as a raft of hikes, threshold freezes and fiscal tweaks come into effect. The new tax year has been ushered in by the much-lamented 1.25 percentage point national hike, which is forecast to deal a more than [...]
Green Budget 2021: Net zero strategy to receive around £11.4bn in new funding October 27, 2021 The government is set to inject more than £11.4bn in new funding into its net zero strategy, according to chancellor Rishi Sunak’s Autumn Budget today. The fresh capital will go towards “the new, green industries of the future”, Sunak said this afternoon. “We are making this country a science and technology superpower”. It will mean [...]
City Moves: Who’s switching jobs in the Square Mile today? November 11, 2021 City A.M.’s Millie Turner provides a roundup of the most important hires and job moves across the City, every morning. Email citymoves@cityam.com to be featured. DF Capital Specialist lender DF Capital has hired a new head of change and continuous improvement, who will be responsible for leading the development of business innovations across the bank. Also ensuring organisational processes are most [...]
KPMG to cut back audit clients in bid to boost standards May 29, 2022 Big four firm KPMG will scale back its audit operation to focus on improving standards after being hit by a string of fines over audit failings in recent years.
Bridgepoint sells off Element Materials to Singaporean Temasek for $7bn January 25, 2022 Element Materials Technology has been snapped up by Singapore-based Temasek from British investment giant Bridgepoint today. A deal has been on the horizon for some time, with Element rumoured to be in the sights of investment duo Cinven and Canada Pension Plan Investment Board in November. London-based Element, which offers testing services for materials used [...]
More staff yearn for their pre-pandemic commutes as return to looms July 12, 2021 More staff yearn for their pre-pandemic commutes as return to looms
Real estate developer Firethorn sells logistics assets to Cain for £550m March 2, 2022 Real estate developer Firethorn Trust has inked a deal to sell its UK logistics portfolio to investment firm Cain International for £550m. The portfolio includes seven sites in the UK, totalling 3.25m sq ft across 22 assets, including two newly built developments. The sale also includes five consented land sites that are on set for [...]
London Tech Week, Day Three: Facing the future June 15, 2022 Steamrolling into day three of London Tech Week, the attention today turned to the emerging technologies – quantum, health tech, blockchain, AI – which are transforming our world. Many of these ‘emerging technologies’ are in fact on the cusp of becoming mainstream. There are few industries that will not be impacted by the technological revolution [...]