‘Hanging on a cliff’: how the pandemic pushed women to upskill online September 10, 2021 When the pandemic struck Adisa, a 41-year-old mother of two, was already struggling financially after being made redundant from her job of three and a half years. In lockdown, however, feelings of disappointment and fear quickly hardened into resolve. Like many women, both in the UK and worldwide, Adisa started an online course on leadership [...]
‘Hanging on a cliff’: how the pandemic pushed women to upskill online : CityAM September 10, 2021 When the pandemic struck Adisa, a 41-year-old mother of two, was already struggling financially after being made redundant from her job of three and a half years. In lockdown, however, feelings of disappointment and fear quickly hardened into resolve. Like many women, both in the UK and worldwide, Adisa started an online course on leadership [...]
Exports slump in July as UK explores non-EU markets – CityAM : CityAM September 10, 2021 Total exports fell by 1.0 per cent in July, down by £0.3bn, driven by a £0.9bn drop in goods and services delivered to the EU. Falling EU exports were in part offset by a healthy increase of £0.7bn in export value to non-EU markets, up by 5 per cent compared to the previous month. Overall, [...]
Covid recovery sluggish as UK GDP climbs just 0.1 per cent in July : CityAM September 10, 2021 The UK economy grew just 0.1 per cent in July as the post-Covid recovery continued to slow. New official figures released this morning showed a significant fall from June’s 1 per cent growth. The economy remains 2.1 per cent below its pre-pandemic peak in February 2020. Read more: Government borrowing smashes expectations but debt-to-GDP highest [...]
Bitcoin licks its wounds while Solana leads the altcoin charge September 9, 2021 Altcoins step up a gear as the market turns green again and Bitcoin settles its nerves.
Costa Coffee lifts wages by 5 per cent amid staff shortages – CityAM : CityAM September 9, 2021 Costa Coffee has boosted pay by 5 per cent and announced 2000 job vacancies as staff shortages hit the hospitality sector. From October 01, the company’s 14,500-strong staff will be given a pay uplift as the company prepares for a busy festive season. Fully trained baristas will see their pay go up by 64p per [...]
Facebook’s $400m acquisition of Giphy could be blocked based on fruitless antitrust claims – CityAM : CityAM September 9, 2021 The Competition and Markets Authority have threatened to dissolve Facebook’s £289m acquisition of Giphy based on fruitless allegations the merger would be anti-competitive. The only catch is: Facebook and Giphy are not competitors. Breaking up this deal on antitrust grounds will have international consequences. Regulators across the world are becoming increasingly hostile towards Facebook, as [...]
Alibaba-backed LinkDoc mulls private $200m fundraiser after frozen US IPO – CityAM : CityAM September 9, 2021 Chinese medical data firm LinkDoc Technology is reportedly looking to raise between $200m and $300m from a private fundraiser, weeks after it froze plans for a US float. LinkDoc, which is backed by Alibaba Health Information Technology, is also mulling a fresh initial public offering (IPO) in Hong Kong instead of across the pond, Bloomberg [...]
Insurtech Marshmallow reaches $1.25bn valuation and becomes UK’s second black-founded unicorn September 8, 2021 Digital car insurance provider Marshmallow has smashed the $1bn threshold after its latest Series B funding round, making it the second UK unicorn with founders of Black heritage. Marshmallow’s latest cash injection of $85m values the insurtech at over $1.25bn (£907m), joining the ranks of other recent UK unicorns Starling Bank, Gousto, Zepz and Zego. [...]
London calling: Landlords raring to return to 2019 rents as tenants battle for places September 8, 2021 Londoners looking for a new place to rent are struggling against a competitive market as the number of available properties has dropped by 58 per cent. While there are less properties available on the market for renters compared to August 2020, there has been a 55 per cent boost in the number of tenants searching, [...]