Booking.com CEO: Business travel will never recover to pre-Covid levels May 13, 2021 The lucrative business travel market, which sees suited and booted executives fly between London, New York, Frankfurt and beyond and bolsters bottom lines at airlines and hotels globally, will never fully recover from Covid.
Boris bad credit score: PM rejects court ruling over £535 in unpaid debt May 12, 2021 Prime Minister Boris Johnson has rejected a court ruling that found he has an unpaid debt of £535. The court records listed Johnson at his official address, 10 Downing Street, according to Reuters today. Johnson’s office have said they will ask for the ruling to be removed from his record as it was “totally without merit”. [...]
Guilty: Two fraudsters caught conning vulnerable victims out of £36m May 12, 2021 After duping vulnerable victims out of £36m, two fraudsters have been convicted today after their ‘boiler room’ fraud operation was foiled. Paul Seakens and Luke Ryan were found guilty at the specialist court Prospero House Southwark on charges of running a business for fraudulent purposes. Seakens was also convicted of money laundering and proceeds of [...]
Boris Johnson confirms working from home advice set to be scrapped on 21 June May 12, 2021 Boris Johnson has confirmed the government will scrap its work from home advice on 21 June if its roadmap out of Covid restrictions goes to plan. The Prime Minister told MPs today that he is confident office working will come back en-masse and that “I think it’ll come back remarkably quickly, but it does depend [...]
City Moves: Who’s switching jobs in the Square Mile this week? May 12, 2021 City A.M.‘s Millie Turner provides a roundup of the most important hires and job moves across the City, every Wednesday afternoon. Email citymoves@cityam.com to be featured. Capital Group strengthens UK sales team Investment firm Capital Group, which has £1.7 trillion assets under management, has expanded its UK financial intermediaries team this week by hiring a new managing [...]
Marie Claire US snapped up by Future, after bagging the UK edition last year May 12, 2021 The US edition of Marie Claire magazine has been snapped up by specialist media platform Future this morning, after it bagged the UK edition last year. Under a five-year license agreement, the magazine will boost Future’s global monthly reach to 30m users, taking the company’s users to over 400m. The US edition, a joint venture [...]
Mears built up sturdy revenue last year, dipping only nine per cent May 12, 2021 Housing and care provider group Mears built up a sturdy revenue of £805.8m last year, dipping only nine per cent, but was still struck by profit losses like most firms in 2020. The group, which manages and maintains 17,000 homes for local and central governments, reported £15.2m worth of losses of £15.2m, for the year [...]
CEO of Flutter sports betting platform FanDuel steps down May 12, 2021 Sports betting and gaming group Flutter Entertainment has confirmed this morning its FanDuel chief executive officer will exit the top position after four years leading the sports gaming platform. Despite handing in his notice, Matt King has chosen to remain with FanDuel until a successor has been found. “It has been a privilege to lead FanDuel [...]
Brexit hit: City of London suffers £2.3 trillion derivatives loss in a single month May 11, 2021 The City of London suffered a loss of £2.3 trillion in a single month in its lucrative derivatives trading market, with Wall Street trading platforms the ones that benefitted. U.S. swap-execution facilities pulled in more trades across euros, pounds and dollars in March while London experienced an exodus compared to last July, while venues in [...]
City Corporation agrees let for the world’s very first ‘MONOPOLY LIFESIZED’ attraction May 11, 2021 | City Talk The City of London Corporation has today (11 May) announced it will be hosting the world’s first ‘MONOPOLY LIFESIZED’ attraction within its building at 213-215 Tottenham Court Road. Hasbro, Inc and Gamepath (a new division of international theatre producer Selladoor Worldwide) have released the initial details of the ‘MONOPOLY LIFESIZED’ experience – which is due to open in London on 14 August 2021. The [...]