Treasury presses ahead with online sales tax October 18, 2021 The Chancellor is reportedly amping up plans for an ‘Amazon tax’ that would help bricks-and-mortar high street stores. It comes after businesses were left bitterly disappointed by reports that Rishi Sunak has delayed a radical overhaul of the business rates system. Treasury officials have sped up work on a new online sales tax in the [...]
Activist investor rounds on new Peloton chief for lack of reform April 13, 2022 The activist investor that moved to oust former Peloton boss John Foley has now rounded on its new chief, claiming he has failed to reform the company’s governance and has not made a credible case for it to remain independent.
Best of 2022: Six Nations rugby in talks with Netflix over series December 27, 2022 In October a City A.M. exclusive revealed talks between streaming giant Netflix and the Six Nations over a documentary series for the 2023 tournament. Article originally published on 19 October 2022. Six Nations chiefs are hoping to develop their fanbase through a new series set to be shown on streaming site Netflix. Rugby bosses have [...]
“You’ve got the power to choose.” Sustainable steak with M Restaurants September 21, 2023 The food industry gets a lot of environmental flak. Agriculture is responsible for a quarter of the world’s greenhouse emissions, according to the United Nations. Meat seems to be a particular problem, with 77 per cent of agricultural land given over to livestock despite them accounting for only 17 per cent of all the calories [...]
Black Friday backlash: Amazon and GMB dispute protest numbers at UK warehouses November 29, 2019 Staff at Amazon warehouses are staging walkouts on Black Friday and Cyber Monday in a row over the “appalling” treatment of workers. The demonstrations are taking place today and on Monday at Amazon’s head office in Shoreditch, as well as seven other locations across the UK, the GMB union said, and involve “100, if not [...]
Independent bookshops are thriving – as long as they offer more than just books September 18, 2023 Morocco Bound is a lesson in adaptability. Even its owner “[doesn’t] know what to call it these days”. Music venue, community space, workshop facility hosting poetry slams, comedy nights, life drawing sessions and more, it was – originally – a book shop. “I’m an architect,” Jonathan Dransfield, the owner, tells me. An architect who wrote [...]
IKEA to inject £1bn into London over the next three years February 24, 2022 IKEA is set to inject £1bn into London over the next three years, as it opens the doors to its first small store in Hammersmith. The Swedish furniture retailer, known for its large warehouse stores, is looking to branch out into city centres with a smaller, more accessible offering. The West London store, a quarter [...]
Tesco warns of panic buying as ’empty shelves will get ten times worse’ September 23, 2021 A shortfall of 800 drivers has prompted Tesco to warn about panic buying in the run up to Christmas if the nationwide HGV crisis is not addressed. The UK’s largest supermarket also called on the Government to temporarily make it easier to bring in workers from abroad to ease the issue. Andrew Woolfenden, Tesco’s UK [...]
ARM muscles up for bumper IPO with $70bn valuation and 28 rostered banks August 22, 2023 SoftBank Group Corp’s Arm Holdings Ltd reported a 1% fall in annual revenue due to a slowdown in smartphone sales, after the chip designer disclosed the paperwork for an initial public offering (IPO) that is expected to be the largest of the year. Arm’s stock market launch is expected to bring back to life a lackluster IPO [...]
Big tech rule book could be agreed as soon as April as EU clamps down on Google and Apple February 15, 2022 Landmark EU rules aimed at curbing the power of tech giants could be agreed between lawmakers and EU countries as soon as April. Although the rules have faced some obstacles, lawmaker Andreas Schwab told Reuters that he is optimistic that an agreement could be reached in record time for a key piece of legislation. Known [...]