UK startup firm Codebase to receive £42m in public money to launch network of tech hubs July 13, 2022 A British tech company is being given up to £42m from the Scottish Government to create a network of tech industry hubs. Codebase is being given the contract, which is described as one of the government’s largest ever investments in entrepreneurship. The hubs are designed to allow start-up businesses to scale up and access advice [...]
Mark Kleinman: Glazers could see biggest ever football club sale November 25, 2022 It was Sir Alex Ferguson who coined the phrase “squeaky bum time” in reference to those anxious moments at the end of seasons when Champions League and Premier League titles and FA Cups hung in the balance. Fergie’s employers for the last eight years of his reign, the Glazer family, are about to undergo their [...]
Telegraph owner ‘confident’ of reaching 1m subscribers this year as bidders circle in ongoing sale July 25, 2023 The Telegraph Media Group (TMG) said it is on track to reach 1m subscribers this year as bidders circle to buy the newspaper owner. The Daily Telegraph and Sunday Telegraph publisher reported strong subscription figures this morning, up two per cent to 734,000. TMG said it was “confidently” on target to hit 1m by the [...]
Ex-Nationwide chairman emerges as leading contender for Bank of England watchdog role July 13, 2022 Former Nationwide chairman David Roberts has emerged as the frontrunner to lead the Bank of England's oversight board, reports Sky News.
Federal Reserve and European Central Bank may back final rate rises this week, experts bet July 24, 2023 US Federal Reserve and European Central Bank officials could launch their final interest rate rises this week as inflation ebbs in their respective economic blocs, experts are betting. Members of the federal open market committee (FOMC) are on Wednesday tipped to raise borrowing costs 25 basis points to a range of 5.25 per cent and [...]
Deliveroo to name Goldman as broker despite disastrous IPO debut November 28, 2021 Goldman Sachs and Barclays are close to being picked as Deliveroo’s joint brokers, Sky News reported today. A source close to Deliveroo said the London-listed food delivery app will finalise the appointments of the two US investment bank behemoths as joint corporate brokers – a key role for investment banks as they seek to advise [...]
UK inks 10-year deal with Moderna to produce 250m vaccines in event of another pandemic December 23, 2022 The UK government has signed a 10-year deal with Moderna to produce upwards of 250m vaccines a year in the event of a pandemic. The investment will give NHS patients access to UK-made mRNA vaccines while a new innovation and technology centre will be created, with 150 highly skilled jobs. In a major boost for [...]
Barclays scraps Big Brother-style spyware on staff computers February 20, 2020 Barclays has scrapped the use of spyware software that tracked time employees spent at their desks, the day after City A.M. revealed the banking giant was using the software at its London headquarters. The lender had been criticised by HR experts and privacy campaigners for its use of the technology, which was introduced in a pilot scheme [...]
UK bank compensation scheme faces leadership vacuum after recruitment delays September 18, 2024 The institution that protects government-guaranteed deposits in failed banks is facing questions over its future leadership after multiple setbacks to recruiting a new chair and permanent chief executive, City A.M. can reveal.
The Bank of London Group handed HMRC winding-up order after chief steps down September 7, 2024 The Bank of London Group, a fintech unicorn boasting Peter Mandelson on its board, was handed a winding-up petition by the UK's tax authority just two days after saying its founder would step down as chief executive, City A.M. can reveal.