Universal Music Group has struck a historical deal with AI chip giant Nvidia to “pioneer responsible AI for music discovery, creation, and engagement”, the companies announced on Tuesday. Combining Nvidia’s …
Financial Planning
Air fryer frenzy sees Ninja’s European sales rocket past £1bn
A surge in demand for air fryers has helped Sharkninja’s European sales surge past the £1bn mark for the first time, the firm’s latest accounts reveal. Sharkninja Europe, the UK-based …
Shell and BP shares tumble as Trump ramps up oil pressure
Shares in FTSE 100 oil giants took a tumble on Wednesday morning as President Donald Trump ramped up the pressure on Venezuela to hand over oil. Shell sunk two per …
Majestic Wine blames Reeves’ tax hikes as profit slashed
Majestic Wine has blamed Rachel Reeves and her tax policies for its profit almost slashing in half during its latest financial year. The Watford-based business said the “economic environment became …
Bankers eyeing warning signs for credit cycle downturn, says JP Morgan chief
Bankers are paying close attention to early warning signs of a downturn in the credit market, a top JP Morgan executive has told City AM, as economic uncertainty and a …
I Squared Capital Acquires Ramudden Global, a Leader in Traffic Management and Infrastructure Safety
I Squared Capital, a leading global infrastructure investment manager, today announced that, through its flagship fund, it has agreed to acquire Ramudden Global, from funds advised by Triton Partners (“Triton”), …
Exclusive: London Luton Airport expansion under threat due to Labour’s taxes
A £2.5bn proposal to expand one of London’s top airports risks being shelved over tax costs, City AM can reveal, as the aviation sector feels the pain of Rachel Reeves’ …
FTSE 100 Live: Stocks set to cool after record rally
Good morning and welcome back to the City AM liveblog. It was another upbeat trading session for the FTSE 100 on Monday, ending the day 1.12 per cent higher at …
SA20 future in doubt as Big Bash sale process squeezes cricket investment
The SA20 franchise tournament is facing an uncertain financial future amid the threat of fresh competition for funding from Cricket Australia’s Big Bash, which is preparing to sell off stakes …
Slow Berne: The UK-Switzerland financial services agreement is a quiet Brexit victory
The Berne Financial Services Agreement is a mature, alignment and recognition deal that replaces regulatory empire building with mutual recognition, and political symbolism with commercial reality, says Tim Focas New …