Online retail firms in trouble as punters turn back to the high street June 19, 2023 E-commerce retailers which were bolstered by Brits stuck at home during the pandemic are now going bust, a new report shows, as the cost of living crisis continues to eat away at businesses. The number of insolvencies of UK e-commerce businesses rose 71 per cent to 529 in the past year, up from 309 in [...]
P&O launches world’s largest hybrid and double-ended ferry in the Channel June 19, 2023 The world’s largest hybrid, double-ended ferry marks its maiden voyage in the English Channel today as part of a £250m investment from P&O Ferries to cut emissions and bolster its Dover-Calais route. Double-ended P&O Pioneer can carry 1,500 passengers and 700 vehicles and will help to bring a 40 per cent reduction in carbon emissions, [...]
‘Constructive’: US and China meet in bid to cool tensions June 18, 2023 US secretary of state Anthony Blinken and China’s foreign minister Qin Gang met today in Beijing to begin a two-day set of talks. Whilst neither side expects a major breakthrough to emerge, US officials said the main goal is to stabilise a relationship that has become extremely tense. The talks come at a time of [...]
McDonald’s UK expansion plans hamstrung by beefy bureaucracy, says boss June 18, 2023 McDonald's' UK boss has warned that it can take up to three years to achieve planning permission for a restaurant - slowing down expansion plans
A day after report found Boris Johnson lied to Parliament he joins the Daily Mail as a columnist… but ‘did not inform watchdog’ June 16, 2023 Boris Johnson has confirmed he is joining the Daily Mail as a columnist but could already be in hot water with parliamentary authorities over the job. The former prime minister – who vowed to offer uncensored views – could again find himself under scrutiny as Whitehall’s anti-corruption watchdog said he had not applied for clearance. [...]
Inside Roger Federer’s retirement, from Wimbledon return to travelling the world June 16, 2023 Roger Federer has confirmed he will be returning to Wimbledon this year as part of a wide-ranging chat about what life’s been like since his retirement last year. Federer was in Bostall Gardens, Greenwich, to open a colourfully-designed new tennis court created by artists Low Bros as a part of Federer’s Neon Legacy project with [...]
Zopa: C-suite hiring spree continues with ex Sainsbury’s, Moonpig and KPMG execs June 16, 2023 Digital bank Zopa has drafted in top figures from Sainsbury’s, Moonpig and KPMG as part of a major leadership shakeup before an expected flotation. The lender announced today Peter Donlon and Kate Erb have been brought in as chief technology officer (CTO) and chief operating officer (COO) It said the moves were made as it [...]
Further evidence that Bitcoin is a commodity, and falls outside the securities issue June 16, 2023 Jason Deane assesses the crypto week and uncovers further proof that Bitcoin should be treated entirely as a commodity - not a security.
EP: 206 York, Sandown & Hong Kong June 16, 2023 With Royal Ascot just around the corner, it’s a fairly low-key day of racing in the UK on Saturday. Sandown’s card features the five furlong Listed Scurry Stakes with York the venue for the Grand Cup, run over the famous Ebor distance of a mile and three quarters. City AM Racing editor Bill Esdaile previews [...]
The Punter Summary Podcast 17 June June 16, 2023 Here’s your chance to hear all of City AM racing editor Bill Esdaile’s best weekend tips in a short summary episode of ‘The Punter Podcast’ alongside Chris Barnett. The full weekend preview is also available on the City AM website. The Punter ‘The Punter’ has been City AM’s dedicated sports betting section for over a [...]