Airline shares tumble as hotel quarantine spells travel chaos until Easter February 9, 2021 Shares in the UK’s largest airlines tumbled more than three per cent this afternoon as the health secretary’s announcement of new hotel quarantine measures spelt prolonged chaos for the travel industry. Easyjet shares fell more than 4.5 per cent to 788p, while Tui shed 4 per cent and British Airways owner IAG dropped 3.3 per [...]
Hunting for unicorns could see us miss the easy targets February 8, 2021 Every year, the health of Britain’s venture economy, and particularly tech, ecosystem is judged by the number of unicorns – companies that have secured billion-dollar valuations. The number of unicorns goes up, and the growing strength of the emerging next generation of UK businesses is celebrated. At the pinnacle of the apex, it’s a good [...]
Vaxxing our way to normality February 8, 2021 | Sponsored The past year or so has been incredibly tough – but the arrival of millions of approved vaccines in centres across the country gives us a real light at the end of the tunnel. Vaccines are at the centre of the UK Government’s plan to a route back to normality. Some 407m doses have been [...]
British investors should keep a wary eye on Chinese delisting in the Caymans February 6, 2021 The rise of China is one of the biggest geopolitical issues the West faces and our MPs are rightly becoming increasingly concerned about the regime’s continued human rights and security abuses. The latest threat, however, is very different and strikes at the heart of our financial system; a threat that is being facilitated by of one of Britain’s own [...]
City A.M. TV: Daily Market Snapshot February 5, 2021 With such a strong rally this week, and a marked retracement of recent losses, the key near term question is whether this is a ‘dead cat bounce’ – OR – simply a resumption of the medium term uptrend. From a price action perspective, the jury is still out. In particular, despite a strong rally in [...]
Week in Sportbiz: Fenerbahce step up attacks on beIN; CVC serves up $300m volleyball deal; London pipped by Big Apple; Qatar sales record; Man Utd February 5, 2021 Conflict is in the air at Fenerbahce – and not just because they face rivals Galatasaray in the Istanbul derby this weekend. Mesut Ozil’s new club have embarked on a bizarre crusade against broadcaster beIN Sports, accusing it of conspiring against the club by manipulating VAR and choosing camera angles or highlights that show them [...]
Exclusive: City law firm boss on the rise of US-style class action suits in Britain February 4, 2021 In a wide-ranging, two-part interview, City A.M. sits down with Natasha Harrison, the Chancery Lane-based managing partner of global law firm Boies Schiller Flexner, which has around 400 staff in 11 offices around the world. Yesterday, Harrison zoomed in on the impact of Brexit on Britain’s legal landscape, while today she discusses the rise of class action [...]
David Beckham-backed cannabis firm on course to become LSE’s first CBD listing February 4, 2021 UK-based Cellular Goods is seeking a listing on the London Stock Exchange, which would make them the LSE’s first pure-play CBD business
Calls to ‘send Philip Green the bill,’ as pension lifeboat fund begins Topshop assessment February 4, 2021 There have been fresh calls for the government to step in and demand retail tycoon Philip Green to plug Arcadia’s pension deficit, as the pensions lifeboat fund begins assessing the scheme. Earlier this week online retailer Asos said it had bought Topshop, Topman, Miss Selfridge and HIIT brands from Arcadia, which fell into administration in [...]
Exclusive: City law firm chief warns Brexit may damage Square Mile’s ecosystem February 3, 2021 Since the turn of the year, London’s outward-looking legal community has rushed to adapt to the new post-Brexit arrangements. In a wide-ranging, two-part interview, City A.M. sits down with Natasha Harrison, the Chancery Lane-based managing partner of global law firm Boies Schiller Flexner, to discuss the changes that Britain’s departure from the EU has brought [...]