Rishi Sunak’s Rwanda plan finally passed late last night, two-and-a-bit torturous years after his predecessor, Boris Johnson, first floated the idea of sending asylum seekers to the East African nation. …
Estate Planning
London’s top museum restaurants and gallery restaurants
The capital’s cultural institutions have finally twigged that most people who appreciate world-class art also know a thing or two about eating well. It’s seen a boom in gallery restaurants …
Exclusive: Cathie Wood on Tesla and Elon Musk: ‘We don’t listen to what he says’
Cathie Wood, CEO of the infamous American tech investment firm ARK, has told City A.M. she is still bullish on Tesla and Elon Musk despite the company’s poor performance and …
Why Jeremy Hunt’s hopes of another round of tax cuts look remote
Jeremy Hunt’s hopes of another big round of pre-election tax cuts are looking more and more unlikely after this morning’s borrowing figures. Weaker-than-expected tax revenue meant the government borrowed £11.9bn …
Diamond glut sees London-listed miner Anglo American cut gem production
Copper gains at London-listed miner Anglo American have been offset by a sharp cut to its diamond output as demand still fails to pick up. The company’s De Beers division …
Revolut plans advertising partnerships as it seeks new revenue streams
Revolut is planning to monetise customer data through advertising partnerships as the firm looks to diversify revenue streams on its path to more sustainable profitability. The London-based company has hired …
Silicon maker Alphawave Semi reports lower royalty revenues on ‘accelerated transition away from China’
Silicon manufacturer Alphawave Semi has said that licensing fees for its semiconductor technology rose to $154m (£124.6m) in 2023, marking a 222 per cent year on year increase as demand …
NATs row: Ryanair launches legal fight against Britain’s air traffic control provider
Ryanair has launched a lawsuit against Britain’s National Air Traffic Services (NATs) over the network-wide failure last August which saw thousands of flights grounded. The budget airline instructed its usual …
Novel Audio: Podcast maker backed by investor in Fortnite’s Epic Games names new chief after £15m claim settled
Podcast maker Novel Audio has named a new chief executive after its former boss and co-founder settled a £15m claim with its main shareholder. Craig Strachan, who was formally global …
Strong services sector helps UK economy continue to ‘gain momentum’, but inflationary fears mount
Output in the UK economy’s private sector reached its highest level in 11 months thanks to strength in services, but cost pressures accelerated, a sign that inflationary pressures may prove …