Easyjet goes into the lounge business at Gatwick’s north terminal – CityAM : CityAM October 20, 2021 Easyjet announced today its first lounge will open tomorrow at Gatwick airport’s north terminal. Called the Gateway, the space was developed in collaboration with lounge company No1 Lounges. With prices starting at £18.50, the space will allow all travellers – regardless of airline ticket – to eat, drink and work before their flight for one, [...]
Vitamin Vacay: Booking reveals travel predictions for 2022 – CityAM : CityAM October 20, 2021 Going away on holiday in 2022 will be people’s preferred form of self care, says travel website Booking.com. In a research conducted across 31 countries and published today, Booking.com has revealed its 2022 predictions, highlighting how after 18 months of pandemic, travel optimism is getting back as people adjust to the “new normal”. Almost 74 [...]
Bitcoin within touching distance of all-time high following successful ETF launch – CityAM : CityAM October 20, 2021 Bitcoin is currently hovering just below record levels, the day after ProShares rung the bell on the first ever Bitcoin futures exchange-traded fund in the US, which has now officially launched on the New York Stock Exchange. The leading cryptocurrency is currently up three per cent over the past 24 hours, changing hands for just [...]
End of furlough to induce a job market ‘recalibration’ as Brexit requires reset October 20, 2021 The end of furlough is set to induce a “significant recalibration of the jobs market” according to a restructuring expert. Chris Newell, managing director at business advisory firm Quantuma predicts that, as the Coronavirus Job Retention Scheme has ended, businesses across the country face the prospect of “tough decisions” around redundancies in the coming weeks. [...]
Metro Bank on track with sustainable growth in quarter results October 20, 2021 Even though total deposits were down one per cent compared to the second quarter, in this year’s third quarter Metro Bank has managed to maintain a high-quality deposit mix, remaining on track with its sustainable growth plan. Reflecting a growth in consumer unsecured lending and specialist mortgages, the bank’s net loans stationed at £12.3bn, while [...]
Number of remote working vacancies drops 24 per cent after peaking at 130,000 October 20, 2021 After climbing to an all-time high of 130,000 in June, the number of remote working vacancies advertised has fallen to 99,000 in August, according to new data shared with City A.M. today. This is a significant drop of 24 per cent following months of climbing and suggests that businesses are returning to pre-pandemic ways of [...]
Deliveroo keeps going strong in quarter results – CityAM : CityAM October 20, 2021 Deliveroo has registered a 58 per cent increase in gross transaction value in the third quarter of 2021, while the growth in active consumers and orders has continued to improve, going up 56 and 64 per cent respectively. “We have continued to make good progress executing against our strategy, resulting in strong performance in the [...]
Taxing times: Sunak to slim down Bank Surcharge – CityAM : CityAM October 19, 2021 The additional tax on banks is set to slashed in the Budget, a boost for the capital’s lenders. The Bank Surcharge, an eight per cent top-up to corporation tax levied on banks, will be reduced to three per cent in the upcoming budget according to the Financial Times. The Chancellor has previously signalled that the [...]
Procter & Gamble hikes prices further as freight costs continue to bite October 19, 2021 Procter & Gamble (P&G) will raise the prices of some of its grooming, oral and skin care products in the U.S. The consumer goods company will apply the increases to specific items such as razors alongside some sub-categories. The price hikes are to counter higher commodity and freight costs that are expected to take a [...]
London Science Museum agrees coal producer sponsorship October 19, 2021 London’s Science Museum has pushed ahead with plans to pursue sponsorships from oil and gas companies. The institution has struck a deal with a subsidiary of Adani Group, which has coal mining operations in India, Indonesia and Australia. The group’s wind and solar energy arm Adani Green Energy will be the title sponsor of the [...]