Exclusive: Share price drops and less access to capital loom if supply chain issues persist, City insiders warn September 8, 2021 Investment managers in the City and across the UK warn that companies without sustainable supply chains will attract less investment and see share prices fall, according to a new report shared exclusively with City A.M. this morning. Nearly 85 per cent of investment managers believe that businesses who do not fix supply chain sustainability initiatives [...]
Dunelm sales grow 26.3 per cent in a year to £1.3bn – CityAM : CityAM September 8, 2021 The UK’s leading homeware retailer, Dunelm, has seen sales of £1.3bn for the 2021 financial year, up from £1.0bn in FY20. In the year ending June 26 2021, profit before tax soared by 44.6 per cent, jumping from £109m to £158m. Shareholders were treated to a bumper payout after going without in FY20. Diluted earnings [...]
Kraken intelligence report points to potential for Ethereum to shine September 7, 2021 Kraken's highly-anticipated monthly intelligence report is suggesting Bitcoin may be about to take a back seat as altcoins drive crypto momentum in Q3.
PM hikes National Insurance, dividends tax to pay for social care reform : CityAM September 7, 2021 Britons will be hit with £12bn-a-year tax rises to pay for increases in NHS and social care spending, with National Insurance and dividends tax in Boris Johnson’s crosshairs. A new Health and Social Care Levy will effectively hike National Insurance Contributions for employees and employers by 1.25 per cent from April 2022, while taxes on [...]
World 12s: Ex-RFU chief Ritchie reveals plans for ‘IPL of rugby’ : CityAM September 7, 2021 Some of rugby union’s biggest names have announced plans to launch a new 12-a-side tournament, World 12s, in England next year. The competition would feature eight franchise teams playing in 30-minute matches over three consecutive weekends in August and September. World 12s chairman Ian Ritchie, the former head of the Rugby Football Union and Premiership [...]
Paying for the privilege: inside the members’ club with a conscience September 7, 2021 As I write this, the weight of the world’s many crises feels heavy on my shoulders. The Conduit’s reopening comes at a time of general global unease. Closed in 2020 during the pandemic, and following the exceptional collective effort of its co-founders, team, and board thereafter, it will make its return next week to an [...]
Happy Bitcoin Day! Thousands pledge support as crypto becomes legal tender in El Salvador September 7, 2021 All eyes on El Salvador and the crypto markets today as president Nayib Bukele declares the cryptocurrency legal tender.
Exclusive: Pension funds turn to illiquid assets in search for higher yields September 7, 2021 UK pension schemes are increasingly pumping more equity into illiquid assets, primarily driven by greater transparency around the assets and the need to diversify, according to new research shared with City A.M. today. This research, carried out by Alpha Real Capital, is timely given the recent news that The Pensions Regulator will not proceed with [...]
Back to the office: Can employers bar unvaccinated people from the office? – CityAM : CityAM September 7, 2021 As the Covid vaccine rollout is maturing across Britain, an increasing number of employers have indicated they will require their staff to be vaccinated before they can return to the office. Earlier this year, Pimlico Plumbers was the first company in London to publicly announce a “no jab, no job” policy, after its founder revealed [...]
Crypto AM is delighted to announce Auditchain as Streaming Partner September 6, 2021 We are delighted to announce that Auditchain will be the Streaming Partner for the Crypto AM Summit and Awards 2021.