Britain’s nascent EV sector hopes for a boost from Sunak and Biden talks June 6, 2023 The UK’s electric vehicle sector is hoping for some good news from the two-day meeting between Prime Minister Rishi Sunak and US President Joe Biden, who are set to announce closer economic ties between the two nations this week. Biden is expected to offer new trading arrangements to help the UK’s struggling EV division compete [...]
Drax shares soar as firm announces buyback and expects profit at ‘top end’ of estimates July 26, 2024 Power generation group Drax reported an increase in profit in the first half and forecast that its earnings for the full year would come at the "top end" of expectations.
‘Mr West-End’ takes over Haymarket House in £400m hotel plot December 4, 2023 A property tycoon nicknamed ‘Mr West-End’ has bought Haymarket House in Soho, with plans to convert the upper floors into a £400m hotel. Billionaire entrepreneur Asif Aziz, has paid around £135m through his investment business Criterion Capital for the popular Piccadilly Circus building. The landmark ‘Happy’ restaurant and comedy club which occupy the ground floor [...]
Where to watch the Rugby World Cup final in London this weekend October 26, 2023 It is here, the finals weekend of the Rugby World Cup. Tomorrow England are in action ahead of Saturday’s final between South Africa and New Zealand. Here are City A.M.’s top London spots to take in the action. Nordic Bar, Fitzrova This new listing in the heart of London looks to be a great addition [...]
Klarna going ‘all in on AI’ to fuel super-app push August 21, 2023 Klarna is “going all in on AI” as it looks to push beyond its buy-now pay-later bread and butter and take on banks on cheap lending, its global chief said.
Here are the new powers for Companies House that come into force today March 4, 2024 The first set of powers from the Economic Crime Bill is set to come into force on Monday, as changes to Companies House come into play.
Arm to act as cornerstone investor for Raspberry Pi as it confirms intention to float May 22, 2024 London can breathe a sigh of relief as Raspberry Pi has confirmed its intention to IPO on the LSE, following months of teasing the move.
Sexually explicit ‘deepfakes’ to become a criminal offence April 16, 2024 This comes after the Government made reforms in the Online Safety Act last year to criminalise the sharing of ‘deepfake’ intimate images for the first time.
Oscar-winner DNEG lands $2bn-plus valuation after Abu Dhabi fundraising July 2, 2024 Oscar-winning UK movie tech firm DNEG Group has achieved a valuation of more than $2bn (£1.6bn) after an Abu Dhabi-backed fundraising to support expansion into producing its own films and games.
Faced with US isolationism, the UK must step up on world stage July 17, 2024 Donald Trump’s new vice presidential candidate is quite the man. For all of JD Vance’s uniqueness, he is not a new archetype in American politics.