Meet the maritime surveillance chief tackling pirates, smugglers and Red Sea ship attacks from sleepy Bath April 8, 2024 City A.M. meets Simon Tucker. The eccentric chief executive heading up a pioneering Aim-listed maritime surveillance firm.
Made in Britain: As Brexit and Covid dismantle supply chains, boom in ‘reshoring’ leads to renaissance in UK manufacturing April 18, 2022 sAs the government admitted last week that there are ‘significant challenges’ to UK stock levels because of Brexit and Covid, is reshoring then perhaps the answer? Last week’s government report, from the Office for National Statistics (ONS), revealed the full extent of tumbling stock levels and broken global supply chains in the wake of Brexit and [...]
What’s the best way to make up for the metals supply shortfall? Look down. January 11, 2023 It’s been a rough couple of years for metal producers. Sky-high demand, factory closures, and supply chain disruption have resulted in a shortfall in supply. A quick post-Covid bounce back in demand should’ve resulted in producers scaling production back up to meet demand. However… Inflation has taken hold of every industry worldwide: the cost of [...]
Shipping firm TMI announces $250m London float April 29, 2021 A shipping firm planning to specialise in smaller cargo vessels has this morning announced plans for a $250m (£180m) London listing. Taylor Maritime Investment (TMI) said it would use the proceeds from the float to buy a fleet of two dozen ships in the “handysize” and “supramax” classes. These types of vessel, which can carry [...]
London’s Zencargo raises £30m to help firms navigate supply chain disruption May 11, 2021 Digital freight forwarder Zencargo has raised £30m to help businesses make decisions through a real-time overview of their supply chain. Zencargo will use its latest round of funding to grow its team to 350 people over the next two years and expand internationally to the Netherlands, Hong Kong and the US. Founded in 2017, the [...]
UK holidaymakers warned of summer essentials shortage June 7, 2021 Summer essentials like garden furniture, picnic baskets and outdoor toys could be in short supply this year, with many British suppliers experiencing import delays this month. Around 60 per cent of British suppliers have experienced import delays, the BBC reported, with the Suez Canal blockage earlier this year partly to blame. Increasing global demand for [...]
Lockdown DIY: B&Q owner Kingfisher nails sturdy sales May 20, 2021 Kingfisher, which owns B&Q and Screwfix, has reported sturdy sales of £3.4bn this morning as lockdown measures pushed people to get creative with DIY and home renovations. Total sales soared 61.9 per cent in the group’s first-quarter results to 30 April today, which reflected the DIY fever that caught many during the last lockdown. Shares [...]
Vaccine rollout pushes business confidence to 12 month high March 30, 2021 Business confidence has soared to its highest point in a year as the UK pushes forward with its vaccine rollout. Overall business confidence has increased 13 percentage points to 15 per cent in the last month, according to the Lloyds Business Barometer. It is the highest level recorded since March 2020. The survey revealed firms’ [...]
Week in Sportbiz: Is crypto the next big player in sports sponsorship? Plus Extreme E’s Suez near miss and Amazon’s Six Nations interest March 25, 2021 Where US sports lead, others tend to follow, so it was with interest that industry insiders noted developments in Florida this week. Miami Heat’s home is set to be rebranded the FTX Arena after the NBA side struck a naming rights agreement with the cryptocurrency exchange. FTX will pay $135m for the 19-year deal, the [...]
Beazley sees premiums rise but flags $70m loss from US storms May 13, 2021 Insurance firm Beazley today said that its gross written premiums jumped nearly a fifth in what it labelled a “positive” start to 2021. The firm said that gross premiums written increased by 16 per cent to $971m in the first quarter, up from $840m in the same period last year. It added that its estimated [...]