The City View - City AM's Daily Podcast

On today's final episode of The City View, Andy Silvester talks to City A.M.'s Opinion and Features Editor Sascha O'Sullivan. They ask whether Boris Johnson is harming the Tory party's chances of reelection, and if Starmer is the right man for the job as Labour leader.

And in the business news: TUI has cancelled nearly 200 flights due to serve Manchester airport, US activist investor Nelson Peltz has been appointed to the board of Unilever, and GSK has agreed to buy US vaccine firm Affinivax.

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Today Andy Silvester talks to Michael Moore, Director General at BVCA. They discuss the scale of private equity and venture capital in the UK, their importance in the UK's employment market, and how vital they are for companies looking to scale up.

And in the headlines: Sainsbury's CEO Simon Roberts has said that the supermarket plans to pump £500m into price cuts; Foxtons has poached Chestertons CEO Guy Gittins; and Oxford Metrics, the company behind the ABBA Voyage avatars, has sold off a part of its business.

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Today City A.M. reporter Charlie Conchie talks to Tech Nation CEO Gerard Grech for a chat about the company's Impact Report, which assesses how it has helped shape leading tech firms. They also discuss the UK's place as a fintech hub, and the potential slowdown of VC investment in fintech later this year.

He also takes us through the week's tech news -- Klarna will now be focusing on profits over growth, and the ECB has warned against a continued crypto sell-off frenzy.

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Today Andy Silvester talks to Victoria Scholar, Head of Investment at Interactive Investor.

They go through Rishi Sunak's unveiling of a windfall tax today, the Fed's plans to hike rates by 50 basis points in June and July, Elon Musk's painfully slow acquisition of Twitter, and JD Sports founder and CEO Peter Cowgill's shock departure from the firm.

And in other business news: Ted Baker appears to be edging closer to a private equity takeover, transport group FirstGroup is considering a £1.2bn takeover bid from I Squared, and Nadine Dorries has launched a charter review of the BBC.

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Today Andy Silvester chats to Deirdre Michie, CEO at Offshore Energies UK.

They unpick the windfall tax, the risk it poses for smaller energy firms and the sector in general, the state of the energy industry, and the seemingly lackadaisical speed of the energy transition.

In other news: M&S is leaving its Russian franchise business, average petrol prices have exceeded £1.70 per litre, and members of the RMT union have voted in favour of a nationwide strike.

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Today Andy Silvester talks to Adam Tyndall, Programme Director for Connectivity at London First. They talk all things Crossrail -- from the first idea of an East-West railway in the 19th century, to the funding behind the Elizabeth Line, and to the future of London's transport system.

And in other news -- Shell's AGM was disrupted by climate activists earlier today, and Kwasi Kwarteng has stated that hitting electricity suppliers with a windfall tax would be a "challenging proposition".

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Today Andy Silvester talks to City A.M. reporter Stefan Boscia. They go through the Labour victory in the Australian election, and, back in the UK, unpick the Tory party split over a proposed windfall tax on energy companies.

In the economic and business news: BoE Governor Andrew Bailey has denied that the Bank's actions during the pandemic led to inflation's current 40-year high, property giant Grosvenor property has returned to a profit, and facial recognition firm Clearview AI has been fined £7.5m.

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This week Nasson talks to City A.M. reporter Charlie Conchie.

Charlie goes through crypto's tentative steps to recovery, unpicks London-based Thought Machine and Modulr's latest funding rounds, and explains Klarna's lowered $30bn valuation and discusses whether this is a cause for concern for private markets.

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Today Andy Silvester talks to City A.M. reporters Jack Barnett and Nicholas Earl.

Jack unpicks the continuing stock market sell-off, one of the worst in recent memory; and Nicholas takes us through the rift in the Conservative party over the potential implementation of a windfall tax on energy companies, and assesses the viability of the tax itself.

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Today Andy Silvester talks to Professor Seán Meehan from the IMD School of Management. They discuss the importance of customer centricity, and go through how companies can integrate consumer-first practices. Listen to his IMD Management podcast here.

Andy also talks to City A.M.'s Economics and Markets reporter Jack Barnett. They unpick inflation's 9% high, determine how the Bank of England will get a hold on inflation, and outline what Rishi Sunak could do to alleviate pressure on households facing rising costs.

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