Google faces £7bn UK legal claim over anti-competitive search engine practices September 7, 2023 Google is the subject of a new multibillion-pound legal claim in the UK which accuses the tech giant of shutting out competition in mobile search and driving up prices for consumers as a result. The claim, filed with the Competition Appeal Tribunal, is seeking around £7 billion in damages for UK consumers. It accuses the [...]
You’ve downloaded the app – now claim your free pint! September 7, 2023 We have teamed up with independent family brewer and pub company Shepherd Neame to offer a free pint of Singha, the original Thai beer, to the first 500 City AM readers who download our new app today*. Pick up your pint at one of Shepherd Neame’s five characterful City pubs: East India Arms; Samuel Pepys; Jamaica Wine House; Cock [...]
The Notebook: Dinesh Nayar says thank you for the music, in all its forms September 7, 2023 The Notebook is where interesting people say interesting things. Today it's Dinesh Nayar runs Creator Studio, a Stockholm-headquartered merch firm which is growing its presence in the capital.
Brexit: Sunak closing in on UK rejoining EU Horizon science scheme September 6, 2023 Rishi Sunak appears set to announce that the UK will rejoin the European Union’s £85bn Horizon science research programme. Sources familiar with the negotiations between the two sides said on Wednesday that the Prime Minister has given the go-ahead for a deal to be finalised. The level of compensation for the UK being frozen out [...]
China bans government officials from using iPhones for work – report September 6, 2023 China has reportedly ordered officials at central government agencies not to use Apple's iPhones or other foreign-branded devices for work.
Fund manager Ashmore sees six per cent profit drop on outflows September 6, 2023 Emerging markets-focused fund manager Ashmore (ASHM.L) reported a six per cent fall in annual profit on Wednesday and assets under management slumped by almost a quarter, as investors sought to curb risk amid choppy financial markets worldwide.
City A.M. opens the London Stock Exchange September 6, 2023 Speaking at Paternoster Square, City A.M. founder and managing director Lawson Muncaster said the morning was "a real sign of the progress we've made since the pandemic".
Britain to narrowly avoid recession – but meagre growth will make it ‘feel a lot like one’ anyway September 6, 2023 Britain will narrowly avoid a recession this year – but people and businesses will still feel the pain akin to the 2008 financial crash, according to an influential business network. The UK economy is on course to eke out growth of 0.4 per cent over 2023, the British Chambers of Commerce (BCC) predicted in its [...]
The Notebook: Tim Rodber on the office of the future, English rugby’s warm-up campaign and the biggest workplace trend September 6, 2023 Tim Rodber is CEO of The Instant Group, a workspace consultancy, and played rugby union for Northampton, England and the Lions The future office exists, but it’s had a makeover We are in the midst of a workplace revolution and the traditional world of office landlords and tenants operating in an almost feudal relationship is [...]
Pump price of unleaded petrol soars to yearly high September 5, 2023 The price of petrol on UK forecourts has risen to its highest level so far this year, figures show.