Debenhams launches marketplace powered by the firm behind Boohoo’s site – CityAM : CityAM October 5, 2021 Debenhams has launched a new online marketplace, powered by the same firm behind Boohoo’s website. It comes after Debenhams, once a historic high street staple in the UK, ended up another casualty of the pandemic that drove shoppers to the digital sphere. Also Read: Boohoo to bolster Debenhams stores and e-commerce sites in the Middle [...]
Sinic Holdings becomes latest firm to get caught up in Evergrande’s downward spiral – CityAM : CityAM October 5, 2021 Sinic Holdings has become the latest firm to be caught up in the downward spiral set off by Evergrande, the Chinese behemoth considered too big to fail by market analysts. Fitch ratings downgraded Sinic today after it defaulted on its debt interest payment. The firm is uncertain to honour a $246m bond repayment due later [...]
What’s next for food delivery following the junk food ad ban? October 5, 2021 It’s been a confusing 12 months for UK food advertisers. First, there was the proposed ban on junk food TV advertising before the 9pm watershed. Then there was the announcement of more sweeping measures to obliterate online junk food advertising in the UK. Just a few months later, relief swept the food and drink industry [...]
Facebook shaken after its longest downtime in years with billions of users impacted October 5, 2021 Social media platform Facebook has come back up after suffering a six hours long outage crippling its nearly 3bn users globally. The technical glitch affected Whatsapp and Instagram too, both owned by Facebook. According to Downdetector, a portal that keeps track of major service outages, this was the longest lasting downtime reported by Facebook since [...]
Bitcoin could still hit $100,000 by the end of 2021 – and here’s why… October 5, 2021 I’m confident that, if the current momentum in prices continues, we could see the Bitcoin price hit to-date unknown highs of $100,000, writes Nigel Green
City insider Helena Morrissey urges investors to dump China stocks – CityAM : CityAM October 5, 2021 City insider Baroness Helena Morrissey has called on investors to ditch their stakes in Chinese companies due to the accusations of human rights abuses in the country. Morrissey, a chair for AJ Bell, also criticised HSBC and the City of London Corporation for their stance on China, as the bank alongside Standard Chartered, had last [...]
Michael Gove vows to enact ‘real change’ on a local level to fulfil levelling up agenda – CityAM : CityAM October 4, 2021 Michael Gove, the newly appointed Housing Secretary, attempted to finally add flesh to the bones of the levelling up agenda at Conservative Party Conference yesterday. In his keynote speech in Manchester, Gove, the head of the freshly renamed department for Levelling up, Housing and Communities vowed to provide “real change” for downtrodden regions of the [...]
Supermarket sweep: Sainsbury’s and Tesco singled out as next takeover targets – CityAM : CityAM October 4, 2021 Sainsbury’s and Tesco have been singled out as the next targets for buyout firms after the Morrisons deal. US investment company Fortress – which was beaten to the Morrisons takeover by private equity Clayton, Dubilier & Rice (CD&R) at auction – has indicated it is interested in other UK acquisitions. Joshua Pack, financier at Fortress, [...]
YOP is taken over by Pluto Digital October 4, 2021 Pluto Digital PLC, the crypto tech and operations company, has acquired all assets related to the innovative DeFi project Yield Optimisation Platform (YOP).
Monday blues? Here is how 28 days of annual leave can turn into 68 days off work October 4, 2021 Thanks to the Queen’s Platinum Jubilee, Brits could enjoy 11 days off work while only using five days of holiday next year. In fact, a’ holiday hack’ shows how Brits can maximise their annual leave over the next 12 months: taking 28 days of annual leave could translate into 68 days off work. According to [...]