Buzzfeed and Gousto investors back London media AI startup October 22, 2019 A London artificial intelligence (AI) startup has today closed a $25m (£19.2m) funding round to help businesses better track their competition. Signal AI’s series C round was led by Redline Ventures, and supported by the venture arm of publishing giant Hearst. Other investors included Gousto backer MMC Ventures, and GMG Ventures which counts the owner [...]
No need for tears: Boohoo confirms offer for Karen Millen and Coast online brands August 6, 2019 Boohoo today confirmed it has made an offer for the online arms of Karen Millen and Coast fashion retailers. The digital fashion giant did not say whether the potential acquisition includes any plans for the firms’ bricks-and-mortar stores. Read more: 1,000 jobs at risk as Boohoo set to acquire struggling Karen Millen Up to 1,000 [...]
Eddie Stobart secures £55m Dbay lifeline December 6, 2019 Eddie Stobart shareholders today backed a £55m rescue deal from a major investor to save the company’s future. Under the terms of the deal, Dbay will take control of the company and inject enough money to secure the company’s immediate future over Christmas. Dbay said: “We would like to thank shareholders for supporting our transaction [...]
Business leaders join forces to push competitiveness agenda for UK November 15, 2019 Business leaders from companies such as John Lewis, Lloyds Banking Group, Deloitte and BAE Systems will meet today to promote the importance of business competitiveness. A business group pushing the competitiveness agenda called Be the Business will today launch Business Leadership for a Better Decade campaign to try and demonstrate the importance of competitiveness to [...]
Links of London owner Folli Follie hires advisers to weigh up possible sale August 26, 2019 The owner of Links of London has confirmed that it has drafted in advisers to weigh up a sale of the troubled jewellery group. Read more: Laura Ashley drops into the red amid tough retail conditions Folli Follie, the Greek owner of the retail chain, said today that it has told Deloitte and Savigny Partners [...]
HSBC evacuates over 100 from Canary Wharf HQ after employee contracts coronavirus March 5, 2020 HSBC has evacuated more than 100 staff from one floor of its Canary Wharf headquarters after one of its research analysts contracted coronavirus. City A.M. understands that an analyst in the bank’s research department tested positive for Covid-19 late last night, and informed the bank of his diagnosis this morning. Read more: City of London [...]
Businesses and young people should embrace the apprenticeship revolution February 3, 2020 If you are looking for a business leader of the future, look no further than Jamilah. Her peers are yet to graduate from university, and this brilliant digital marketeer already has a qualification and a role at Google on her CV. Jamilah, and thousands like her, are taking advantage of new apprenticeship opportunities, shaking up [...]
Sports Direct’s Mike Ashley makes move for Links of London September 9, 2019 Retail magnate Mike Ashley is hoping to ramp up his high street spending spree after putting in an offer for troubled jewellery group Links of London. The Sports Direct owner is tabling a bid to snap up the retail outlet, according to Sky News, which has reported that Ashley is one of two final bidders [...]
It’s time for exceptional talent Phil Foden to have key role for Manchester City and England March 3, 2020 At Wembley on Sunday, Phil Foden gave us all a reminder of his talent and maturity with a man-of-the-match performance as Manchester City beat Aston Villa in the final of the Carabao Cup. The way he addresses the ball; his balance and awareness; his understanding of the way City want to play; that extra finesse [...]
Audit watchdog could push for clawback of audit partners’ bonuses after poor quality work November 17, 2019 The audit watchdog could push for powers to clawback bonuses from audit partners if an audit fell below a certain level of quality. The Financial Reporting Council (FRC) is thinking of asking the government for powers to set remuneration standards for auditors, The Sunday Times reported. The idea follows scandals at department store BHS, outsourcer [...]