888 offloads bingo business for £38m in discounted deal December 15, 2021 888 has sold its bingo business at a hefty discount with the gambling giant looking to prioritise North America expansion and its core business.
Cut the crap: City firms under pressure to strip out shareholder legalese July 27, 2023 Top City firms must ditch impenetrable legalese and dense corporate-speak in their shareholder missives or amateur investors will remain shut out of the market, experts have warned.
How has Ukraine’s Premier League held up after a year of war with Russia? February 22, 2023 Friday marks a year since Vladimir Putin’s Russian troops invaded the east of Ukraine, an act that would have ramifications on how so many would live their lives. And while, looking on from afar, the West can appreciate the basics of what is unfolding in the country, few understand the true impact the war has [...]
Tom Kelman CA is bringing B-corps to 21st-century business September 28, 2021 For everyone who strived to achieve A grades at school, take heart: B is the new benchmark for 21st-century business. Tom Kelman CA, Consultant Finance Director at B Lab UK, tells Kitty Finstad why the B team is now the one to be on. This article first appeared in ICAS’ CA magazine. Build back better. The [...]
Exclusive: Co-working firm Second Home launches sale process amid battle for rescue cash June 6, 2022 Shared office firm Second Home has started scouting for a buyer in parallel with efforts to secure rescue cash, CityA.M. understands. The workspace provider has launched a sale process after administrators from FRP Advisory were called in to help fend off insolvency. Headed by a former aide to ex-Prime Minister David Cameron, Rohan Silva, Second [...]
World Series of Poker: Lessons from taking on pro player Charlie Carrel August 1, 2023 There was a moment when I knew – on both a mathematical and instinctual level – that I had the better of Charlie Carrel, one of the best poker players of all time with career winnings of almost $10m. But then we turned over the cards… I was playing at the World Series of Poker [...]
Mark Kleinman: Inside Gousto’s shareholder spat and the exec not afraid to ruffle feathers on London’s corporate exodus March 9, 2023 Sky News’ Mark Kleinman is the man the City reads – and in his fortnightly column for City A.M., he shares his insight and analysis. Gousto cash call leaves a sour taste in the mouth A dominant CEO, a board willing to ignore the interests of small shareholders and a spiralling share price: mix the [...]
Exclusive: Speedy Hire’s CEO on expanding into “untapped” consumer markets with B&Q deal November 17, 2021 Speedy Hire has recovered rapidly from the pandemic and is enjoying a healthy 28.2 per cent boost in revenues, lifting expectations for its full-year results. Its adjusted operating profit has grown to £16.2m, £9.9m higher than the first six months of Speedy Hire’s previous year. The FTSE-All Share listed tools and equipment rental specialist is [...]
Stronger than expected US job growth plunges pound against dollar October 7, 2022 The pound slipped 0.3 per cent against the dollar at $1.113 this afternoon after US labour figures suggested stronger than expected jobs growth. US employers added 263,000 jobs in September as the country’s unemployment rate dropped to 3.5 per cent, figures from the Bureau of Labour Statistics show. Economists polled by Reuters had previously expected US [...]
Frost could not support Plan B restrictions, he says after quitting as Brexit minister December 20, 2021 Lord Frost could not support the government’s Plan B policy, he said today, after quitting as Brexit minister over the weekend. “I left the government, as I think is well known, because I couldn’t support certain policies, most recently on Covid restrictions and ‘plan B’,” said Frost. “I don’t support coercive policies on Covid. The [...]