UK broadband and pay TV complaints at an ‘all-time low’ says Ofcom February 8, 2022 Ofcom has revealed that the number of complaints received between July and September last year across broadband, landline and pay TV companies were at an all-time low. From its latest league table, TalkTalk and Shell Energy had the most broadband complaints, primarily due to faults and service issues. With the industry average being 10 complaints per every 100,000 [...]
Rise of ‘Tinder Swindlers’: Romance scams on the up as victims get younger February 8, 2022 The number of people who fell victim to a romance scam increased by more than 16 per cent over the last year, according to new data from Lloyds Bank. The average amount lost per victim is now £8,655, slightly more than the previous year (£8,610). Though victims between the ages of 55 and 64 still [...]
M&S remains UK’s fastest growing supermarket catching up with Big Four grocers February 8, 2022 Marks & Spencer has maintained its position as UK’s fastest growing food retailer, market researcher NielsenIQ said today, indicating its turnaround plan is gaining momentum. It said M&S’s sales rose 12.3 per cent in the 12 weeks to January 29 year-on-year, giving it a market share of 3.6 per cent, up 0.4 percentage points on [...]
Lakestar hires former UK minister Sam Gyimah as ventures partner strengthening British investment February 8, 2022 Lakestar, one of Europe’s leading venture capital firms, is today announcing new hire and a promotion in its London office. Sam Gyimah, former UK Minister for Universities, Science, Research and Innovation and MP for East Surrey has joined Lakestar as a Venture Partner starting in February 2022. Strengthening Lakestar’s London office, Sam brings a deep [...]
Profit jumps 96 per cent for Mattioli Woods amid string of acquisitions February 8, 2022 Wealth management firm Mattioli Woods saw interim profits climb by 96 per cent in a sign that a string of takeover deals are paying off.
LadBible makes confident maiden update with annual growth hitting 80 per cent February 8, 2022 LadBible Group Media, the digital youth publisher, has issued its maiden trading update this morning, with revenue hitting at least £54m, ahead of expectations and representing annual growth of around 80 per cent. Managing brands including LADbible, SPORTbible and Tyla, direct revenue growth was driven by a significant increase in content marketing and direct display [...]
The Elizabeth Line in pictures: Our first look at Crossrail February 8, 2022 It’s almost here. Almost fifteen years after being granted approval by government, the Elizabeth Line is set to open in just months. City A.M. Editor Andy Silvester went underground to see the line’s progress – trusty iPhone camera in tow. I THINK people are going to be impressed” are TfL Commissioner Andy Byford’s last words [...]
City Moves: Who’s switching jobs in the Square Mile this week? February 8, 2022 City A.M.’s Millie Turner provides a roundup of the most important hires and job moves across the City, every morning. Email citymoves@cityam.com to be featured. Hilton Hiltonhas appointed a travel industry veteran to take on the role of vice president of focused service operations across Europe, the Middle East and Africa (EMEA). Pauline Wilson, who brings more than 25 years of experience to [...]
The City View: The headlines and the latest from Westminster February 7, 2022 Andy Silvester whistles through the headlines in the Square Mile and asks City A.M.’s Chief Political Correspondent Stefan Boscia whether Boris Johnson’s reset will work.
Why UK and Ireland want Euro 2028 bid instead of 2030 World Cup February 7, 2022 The UK and Ireland have abandoned plans to bid to host football’s 2030 World Cup almost a year after Prime Minister Boris Johnson trumpeted the project. Instead the football associations of England, Wales, Scotland, Northern Ireland and the Republic of Ireland favour bidding to stage the 2028 European Championship. So why has the World Cup [...]