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City A.M. Content

  • Bitcoin retraces slightly as market consolidates 

    February 9, 2023

    At $22,700, Bitcoin is trading lower by 2% over the last 24 hours, while Ethereum is in the red by 2.3% at $1,633 this morning.

  • Ben & Jerry’s owner Unilever: Turnover soars to £53bn driven by price increases against backdrop of inflation

    February 9, 2023

    Unilever price hikes helped the firm deliver turnover of more than £50bn last year, as the group had a nine per cent increase underlying sales growth for 2022. The British firm – which owns brands such as Ben & Jerry’s, Dove, Hellman’s and Magnum  – said that turnover also increased 14.5 per cent to €60.1bn [...]

  • Navigating the talent challenge: where should your people priorities lie over the next 12 months?

    February 9, 2023

    The expertise and skills of people underpin the success of virtually every organisation. Yet ongoing skills shortages are often preventing today’s organisations from accessing the vital people they need to innovate and grow. ACCA’s inaugural 2023 Global Talent Trends Survey highlights some of the most pressing people challenges faced by employers globally, including in the [...]

  • FC Barcelona: Regulators tighten loophole and cut Spanish giants’ spending power

    February 8, 2023

    FC Barcelona are facing a setback to their on-field resurgence in the form of a crackdown on their exploitation of so-called “economic levers”, City A.M. can reveal. The Spanish club, on course to end their four-year wait for another LaLiga title, have attracted the attention of domestic and European regulators with their innovative capital-raising. Last [...]

  • Fox scores strong results as World Cup broadcasts draw in advertisers

    February 8, 2023

    Last year’s men’s world cup helped Murdoch-owned media giant Fox increase revenues by four per cent. The broadcaster said revenue in the final quarter of 2022 was up to $4.61bn (£3.82bn) from $4.44bn (£3.68bn) in the same quarter in 2021. The FIFA World Cup which took place in Doha in December pulled the majority of [...]

  • Tom Cruise delays Mission Impossible filming to attend King Charles’ Coronation

    February 8, 2023

    Tom Cruise is delaying the filming of the eighth instalment of Mission: Impossible so he can attend King Charles’ Coronation. The actor is apparently an avid royal follower, and despite being famously detail-oriented in his approach to filming and meeting filming deadlines, is willing to put his schedule on the back-burner for the 6 May [...]

  • High Street retail race: Marks and Spencer predicted to overtake John Lewis by 2026

    February 8, 2023

    Marks & Spencer will overtake John Lewis in the rankings of the UK’s biggest retailers by 2026, according to a new sales forecast. Tesco will retain its position as the largest retailer, followed by Sainsbury’s, but Amazon is on track to move into the top three within the next few years, industry title Retail Week [...]

  • John Cleese announces Fawlty Towers reboot – everything you need to know

    February 8, 2023

    It sounds unlikely but apparently it is true: John Cleese is rebooting one of the most iconic British comedy series ever made, Fawlty Towers. Fawlty Towers ran for two two seasons in the 1970s, both with six episodes, and is celebrated for being a near-perfect example of a British sitcom. However, 44 years after Fawlty [...]

  • Zoom to cut around 1,300 ‘zoomies’ as workers ditch wfh and head back to the office

    February 8, 2023

    Zoom is trimming its workforce by 15 per cent as demand for online working fades into the pandemic past. Eric Yuan, chief executive of Zoom, said the company needed to “reset” and had made the “tough but necessary decision” to bid farewell to around 1,300 employees, in a memo shared with the public yesterday. In [...]

  • Bitcoin price rises and others follow in response to Powell’s inflation remarks

    February 8, 2023

    Bitcoin is in the green at $23,170 this morning, while Ethereum improved on its position by 2.5%, trading for $1,672 as the markets lift.

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