A gigantic oil rig performing sub-sea drilling for UK supermajor BP has malfunctioned in bad weather, reports suggest. Upstream Online has said that the semi-submersible rig known as Ocean GreatWhite, …
Personal Finance
UBS reinstates dividend and plans share buyback despite second consecutive quarterly loss
UBS has announced that it will resume share buybacks in the second half of this year and plans to award shareholders up to $1bn (£797m) as it integrates fallen rival …
London’s gay history is woven into the bricks of its LGBTQ bars – and they’re crumbling
The loss of London’s gay bars is a loss to the LGBTQ community’s own history, which is woven into the bricks and mortar, writes Adam Bloodworth London’s full of nice …
An election this year may not free up much private investment
City A.M.’s economics reporter Chris Dorrell looks at the big issues defining the economy. Debates around the future direction of the election and the UK’s economic policy are framed by …
Investors’ greenwashing fears must lead to greater City scrutiny
They say the two things one should never see made are law and sausages. To that, cynics might sometimes add journalism. At the risk of opening up the magic box …
Cazoo founder and state-backed investor drive £76m injection into AI fund
The state-backed investor British Patient Capital and founder of troubled car firm Cazoo have backed a £76m injection into a London-based venture capital firm as it gears up for a …
In Good Company CEO: What I learnt leaving the corporate climb behind
Alexandra Birtles was just shy of 33 when she realised climbing the corporate ladder was no longer enough to keep her happy, even if it meant giving up a healthy …
Closing time: UK brewers calling last orders with the North and Wales hit hardest
The number of brewery closures during 2023 continued to fall – with the North and Wales hit the hardest, according to new figures. Newly-released figures by the SIBA UK Brewery …
UK government to prepare regulators for AI as it eyes ‘agile’ approach
The British government will spend more than £100m building artificial intelligence (AI) research hubs and preparing regulators as it plans an “agile” approach to controlling the burgeoning technology. The government …
Brits stayed at home to watch The Traitors during Dry January in blow for pubs
Brits opted to stay in and watch reality television smash hit ‘The Traitors’ in January, leading to depressed spending in restaurants, shops and bars, according to the latest report by …