Manchester City: How ownership model gives club a transfer market edge : CityAM August 28, 2021 With all the drama and excitement of Euro 2020 and a fascinating summer transfer window, even an ardent football fan may have missed the news that City Football Group, the parent company of Manchester City, now boasts reigning champions in three different countries – India, Australia and, of course, England. However, the mutual benefits of [...]
Powell confirms Fed may start winding down stimulus measures this year August 27, 2021 The chair of the US Federal Reserve has confirmed the central bank could start winding down the wave of stimulus measures it unleashed to dampen the economic impact of the Covid crisis this year. Jerome Powell said the US economy has reached a point where it no longer needs the same scale of monetary policy [...]
‘Next chapter’ starts for Cazoo as firm lists via New York SPAC : CityAM August 27, 2021 Used car platform Cazoo made its long-awaited stock market debut today as the firm went public in New York with a valuation of $8bn. The float, which makes serial entrepreneur Alex Chesterman’s latest project the most valuable US listed UK firm, came after it completed its merger with SPAC Ajax I. Also Read: Cazoo goes [...]
Virgin Money Giving to be shut down after London marathon August 27, 2021 Virgin Money Giving, a not-for-profit fundraising platform, will close at the end of November, shortly following the London marathon, which it will no longer sponsor after this year. The bank said 26 jobs would be lost as a result of the closure which was decided after a strategic review of Virgin Money Giving was conducted. [...]
Momentum is a powerful force August 27, 2021 The latest Bitcoin information and cryptocurrency movements brought to you by Crypto AM Daily...
Harry Dunn’s mother opens up two years after fatal crash as focus switches to civil claim August 27, 2021 The mother of teenage motorcyclist Harry Dunn has said there is a “light at the end of the tunnel” in her quest for justice two years on from her son’s death. The 19-year-old was killed when a car crashed into his motorbike outside RAF Croughton in Northamptonshire on 27 August, 2019. Charlotte Charles, alongside Harry’s [...]
Contactless limit to rise to £100 from October – CityAM : CityAM August 27, 2021 The limit for spending on contactless cards will reportedly rise from £45 to £100 on October 15. In March, Rishi Sunak confirmed that the payment limit would be raised in order to boost businesses as the UK recovers from the Covid-19 pandemic. UK Finance, an industry body which represents banks, today confirmed that the changes [...]
EU to investigate Nvidia’s $54bn purchase of Arm – CityAM : CityAM August 27, 2021 Brussels is preparing to open an investigation into Nvidia’s acquisition of Arm as a result of competition concerns. Nvidia plans to notify the EU of its intention to purchase Cambridge-based technology company Arm in the first week of September. Two sources with detailed information of the process told the Financial Times that when Nvidia officially [...]
Exclusive: As workplace confidence in bosses tumbles, external consultants thrive August 26, 2021 In a time of tremendous ambiguity, the Covid-19 pandemic has forced business leaders to act urgently in moments of crisis as they have to make decisions in a heartbeat since circumstances and regulation keep on changing. Yet, with new data from the London Business School estimating that Covid-19 has left around 16m jobs in a precarious position, it is far from certain that business [...]
Azores and Canada added to green travel list, Thailand demoted to red list – CityAM : CityAM August 26, 2021 The Azores, Canada and Denmark have been added to the government’s green travel list, while Thailand and Montenegro have been shifted to the red list, the Department for Transport confirmed today. Switzerland has also been added to the green travel list. Finland, Liechtenstein and Lithuania were also added. Also Read: Travel traffic light update: Which [...]