Half of UK workers would hide health issue from employer September 16, 2021 Almost half of UK employees would not talk to their employer if they were experiencing a health issue, having a detrimental impact on business performance and culture, according to new research shared with City A.M. this morning. As many as 43 per cent of individuals reported that they wouldn’t feel confident discussing any health issue [...]
Co-op sales fall 3.2 per cent amid food shortages – CityAM : CityAM September 16, 2021 The Co-op has warned that full year profit could be hampered by ongoing supply chain issues after sales fell by 3.2 per cent in H1 2021. Group revenue stood at £5.6bn for the first half of the year, up 4.2 per cent compared to pre-pandemic levels, but a cut below the heights seen last year [...]
Rallying travel stocks lift FTSE 100 – CityAM : CityAM September 16, 2021 London’s FTSE 100 climbed during opening exchanges today, lifted by a rally among travel stocks that helped to reverse yesterday’s poor performance. The capital’s premier index gained 0.44 per cent to hit 7,047.52 points, cancelling out losses registered on a choppy day on London markets yesterday. Also Read: Pre-departure Covid tests may be ditched to [...]
Bitcoin protests break out in El Salvador – CityAM : CityAM September 16, 2021 Protests in El Salvador turned violent as thousands of demonstrators expressed their anger about Bitcoin becoming legal tender. Yesterday, anti-government marchers took to the streets bearing signs which read “no to dictatorship” and “we were defrauded by Bitcoin”. Bitcoin ATMs, installed ahead of the crypto currency becoming legal tender earlier this month, were burned by [...]
John Lewis posts £29m pre-tax loss after restructuring costs – CityAM : CityAM September 16, 2021 John Lewis has reported a pre-tax loss of £29m for the year’s first half, after restructuring costs. However, the high street giant said its half year results ending July 31 marked a significant improvement on last year’s pre-tax loss of £635m. Profit before exceptional items was £69m, up £124m on the comparable period last year, [...]
Ryanair aims to fly 225m passengers a year by 2026 : CityAM September 16, 2021 Ryanair today announced that it now expects to fly 225m passengers a year by March 2026, a 25m hike on its previous target. In a statement ahead of today’s AGM, the Irish carrier said that it now expected to see traffic growth of 50 per cent – compared to pre-Covid levels – up from past [...]
18.6m UK adults trust financial advice shared on social media, study finds : CityAM September 16, 2021 Amid concerns about Kim Kardashian and so called FinTok influencers new research has found that 18.6m UK adults trust financial advice shared on social media platforms. A survey conducted by Skipton Building Society revealed that just two in five respondents would not trust social media stars when it comes to financial management. Young people were [...]
Cardano Alonzo upgrade sees 100 smart contracts in first 24 hours September 16, 2021 Cardano's Alonzo upgrade has seen more than 100 'smart contracts' processed within its first 24 hours.
OpenSea confirms an executive is guilty of insider trading – CityAM : CityAM September 15, 2021 OpenSea marketplace has confirmed a company executive is guilty of insider trading, using confidential information to profit big on NFTs. Yesterday, a Twitter storm broke out when the company’s Head of Product, Nate Chastain, was publicly accused of purchasing NFTs destined for the website’s front page before their public listing. The digital artworks would then [...]
PwC: 80 per cent of Big Four’s staff hail from higher socio-economic class – CityAM : CityAM September 15, 2021 Less than 15 per cent of the Big Four’s workforce come from a lower socio-economic background, according to data published by the accountant for the first time today. Staff from a higher socio-economic background, on the other hand, make up over four-fifths of the workforce at PwC UK, which was named the top employer for [...]