Bitcoin prices hit their highest ever level on Thursday, surpassing £50,000 for the first time. After peaking in 2021 at the $60,000 mark, it then eventually crashed to around $17,000 …
Investing
The week that was: St James’s Place and Reckitt lead painful few days for the City
A week in which 50 firms posted their final results was always going to produce some news. And news there certainly was as St James’s Place, Reckitt and Halfords shed billions …
Lumo chief: More commercial freedom will bring down rail fares
Bringing more commercial freedom to the UK’s rail system will help bring down fares for passengers, the boss of Lumo and Hull trains has argued. Operator’s Lumo and Hull are …
US markets on best run since 1971 – but how does the FTSE 100 stack up?
US equities have gone on a remarkable run since last October, leaving the FTSE 100 and other British markets lagging behind. After eking out a small positive performance this week, …
Rishi Sunak warns victory of George Galloway is “beyond alarming” at public address
Prime Minister Rishi Sunak said the victory of George Galloway in the Rochdale by-election is “beyond alarming”. Speaking outside Downing Street on Friday, he said: “In recent weeks and months, …
F1 prize money 2024: How much do teams make? What is the budget cap? Why do Ferrari get legacy payments?
This weekend the F1 season returns in Bahrain as 20 drivers and 10 teams battle it out across 24 races to win individual and team championships. And with the sport …
Women more likely to find top roles at family-run businesses – here’s why
Family businesses are taking the lead when it comes to placing women in top roles, an analysis shared exclusively with City A.M. has found. The analysis, compiled from the 2023 …
A&O Shearman elects leadership team effective in May once merger completes
Magic Circle firm Allen & Overy (A&O) has elected its senior partner and managing partner that will take over post-merger of A&O Shearman. Back in December, the firm announced that …
Approval for £144m US takeover of UK’s largest microchip plant Nexperia
The £144m takeover of the UK’s largest microchip plant by a New York-listed group has been approved by the Government. The site, which trade as Nexperia Newport but was previously …
Court told that Matt Hancock’s tweet did not name Andrew Bridgen in ongoing libel battle
Andrew Bridgen’s claim of libel from a tweet issued by Matt Hancock “fails to set out” any evidence that the tweet was about him, a court was told. The expelled …