Corona Impact Series: How a small Wandsworth womenswear boutique embraced click-and-collect March 16, 2021 In this series, City A.M. looks at the financial and economic impact of the ongoing pandemic on a range of small and medium-sized businesses across London. This week: how a small Wandsworth womenswear boutique is bouncing back from the third lockdown thanks to the world wide web. Pre-pandemic, independent stores were thriving – popping up on local high [...]
Begbies Traynor boss on pandemic insolvencies: ‘The worst is yet to come’ March 16, 2021 Begbies Traynor boss on pandemic insolvencies: 'The worst is yet to come'
Credit Suisse warns of financial hit from Greensill collapse March 16, 2021 Credit Suisse has warned it may book a charge following the collapse of Greensill Capital as scrutiny grows over its relationship with the firm. Earlier this month the Swiss bank closed a $10bn suite of supply-chain finance funds linked to Greensill, and it is also trying to recoup a $140m loan it made to the [...]
EU medicines regulator: ‘No indication’ Astrazeneca vaccine causes blood clots March 16, 2021 The EU’s medicines regulator has insisted there is “no indication” that Astrazeneca’s Covid vaccine causes blood clots among patients, after a swathe of European countries suspended the jab over safety concerns. Emer Cooke, executive director of the European Medicines Agency (EMA), said the agency remains “firmly convinced” that the benefits of the Astrazeneca vaccine outweigh the [...]
UK sets out plans to be a ‘meaningful actor’ in new space race March 16, 2021 Boris Johnson has today set out plans to make the UK a “meaningful actor” in the new space race, with the capability to launch satellites from sovereign territory by 2022 a priority. Today’s Integrated Review of the UK’s foreign and defence policy said that space would become one of the key sites of international competition [...]
Legal lender Level gets £20m investment from venture capital firm March 16, 2021 Legal lender Level has received an investment from Guernsey-based 1818 Venture Capital worth £20m. Level specialises in lending within the family and private client law sectors and works with more than 200 law firms. It had funded hundreds of cases and clients. George Williamson, founder and CEO of Level, said: “[The] investment, and in particular [...]
Portugal removed from UK’s travel ban ‘red list’ in boost for summer holiday hopes March 16, 2021 Portugal will be removed from the UK’s travel ban list this week, in a boost for summer holiday hopes this year. The Department for Transport has updated its “red list” of destinations, which bars travellers from those countries entering the UK. British or Irish nationals are permitted to enter the country, but must quarantine in [...]
Covid: Antibody levels hit fresh record as one in three people in England show immunity March 16, 2021 One in three people in England are estimated to have coronavirus antibodies either from past infection or vaccination, according to the latest official figures. The Office for National Statistics’ (ONS) latest infection survey showed that almost 35 per cent of the English population tested positive for antibodies on a blood test in the 28 days [...]
City minister calls for ‘responsible capitalism’ in financial services sector March 16, 2021 The UK’s financial services sector should move toward a more “responsible” form of capitalism that takes into account a broader ranger of interests and not just shareholders, according to City minister John Glen. Glen wrote today that the Square Mile was “ideally placed to showcase this responsible capitalism” through, but that firms should “reject some [...]
STV Group sets out digital growth plans after pandemic hits profit March 16, 2021 Scottish media firm STV Group saw its profit fall two-thirds in 2020 but said that it had achieved a record viewing performance amid the chaos of the pandemic. The firm, which runs the STV television channel north of the border, said that profit before tax had fallen from £19m to £6.7m in 2020. However, it [...]