Former Man Group president Jonathan Sorrell to join Capstone November 12, 2019 The former president of FTSE 250-listed hedge fund Man Group Jonathan Sorrell is joining hedge fund Capstone. Sorrell, son of former WPP boss Sir Martin Sorrell, stepped down as an executive director of Man Group in September. He had been at Man Group since 2011 when he joined as chief financial officer. Previously, he had [...]
UK live entertainment sector poised for £2.3bn 5G boost February 19, 2020 The UK’s live entertainment industry could be given a boost of as much as £2.3bn over the next 10 years thanks to a raft of benefits brought by 5G, new research has revealed. Figures compiled by O2, seen exclusively by City A.M., showed consumer spending on live music and sports events could surge in the [...]
Huawei is uniting Tory backbenchers – but can they win over Saj? March 4, 2020 What Brexit put asunder, Huawei appears to be joining. Yesterday morning, former Tory leader Iain Duncan Smith led a debate about the Chinese firm’s involvement in the UK’s 5G infrastructure. He was joined by plenty of Conservative MPs you might expect – fellow Leavers David Davis, Bob Seely and Owen Paterson – and plenty of [...]
DAZN: UK launch of ‘Netflix of sport’ at risk of being delayed March 19, 2020 The UK launch of sports streaming service DAZN is highly likely to be delayed beyond its scheduled date in May, City A.M. understands. DAZN, which has been billed as a “Netflix of sport”, had pencilled in a major global expansion that would increase the number of countries served from nine to more than 200. The [...]
Hungary for UK growth March 2, 2020 Last Friday, after four years, I stepped down as the ambassador of Hungary to the Court of St. James’s. I arrived just days before the Brexit referendum — a referendum that, of course, shaped almost everything I did in the role here. It became apparent that the two priorities for me would be the representation [...]
Investors engaged with environmental and governance issues, but audit and trust lag behind September 10, 2019 The UK’s largest investors are most concerned about environmental and corporate governance issues in the companies they invest in, but need to “step up” in other areas, new research has found. Audit, corporate reporting, trust, and reputation were all identified as areas where the UK’s top asset managers and owners have been “less engaged” in [...]
General election: Labour and Conservatives row over immigration November 17, 2019 Labour and the Conservatives traded blows over immigration policy today, as both shed light on their respective plans. The Tories revealed details of a points-based immigration system that would see “equal” treatment of EU and non-EU citizens. Read more: Jeremy Corbyn labels Labour nationalisation plans as ‘very modest’ The vast majority of immigration applicants would [...]
Sky scuppers hopes of Britbox deal in blow for new streaming service December 15, 2019 ITV and the BBC have suffered a major setback to their plans for Britbox, as the chances of securing a highly sought-after distribution deal with Sky have all but disappeared. The streaming service, jointly run by the public service broadcasters, has already bagged partnerships with the likes of BT, Freeview and Samsung to deliver its [...]
Why the Rugby World Cup could force up player wages and bring legal challenges to the sport’s salary cap October 31, 2019 When Japan and South Korea hosted football’s World Cup in 2002, it precipitated a significant increase in Asian investment in the sport. Takeovers of high-profile European clubs followed, as did multi-million pound Asia-only sponsorship deals with star players. With the first Rugby World Cup to be held in Asia about to conclude, this milestone could [...]
O2 completes UK 5G rollout as it switches on network in six cities October 17, 2019 O2 has today switched on its 5G network in London and five other locations across the countries, completing the rollout of the new high-speed network for the major UK providers. Read more: BT Mobile rolls out 5G for consumer and business plans The new network will be available in London, Belfast, Cardiff, Edinburgh, Slough and [...]