April retail volumes continue on downward trend amid cost of living crisis May 20, 2022 Retail sales volumes continue to go downward amid the cost of living crisis. According to the Office for National Statistics, volumes rose 1.4 per cent in April following a 1.2 per fall in March, while values went up by 1.9 per cent. But looking more broadly, in the three months to April, sales volumes fell [...]
Amazon bets on UK as Netflix slows down May 20, 2022 Amazon has invested more than £1bn in TV, movie and live sport content in the UK since 2018, with plans to pump even more cash into establishing itself as the go-to content provider for Brits.
City Moves: Who’s switching jobs in the Square Mile? May 20, 2022 City A.M.’s Millie Turner provides a roundup of the most important hires and job moves across the City, every morning. Email citymoves@cityam.com to be featured. BNP Paribas Real Estate BNP Paribas Real Estate (BNPPRE) has bolstered its West End Agency team with a new director. Katrina Love previously spent 11 years in Colliers’ central London office team. The Colliers veteran, who had [...]
If firms want to go green then we should give shareholders the keys to their plans May 20, 2022 WHILE the finance sector can feel distant and detached, people are waking up to the impact it can have on our environment. Which bank, building society, or investment fund we decide to deposit our savings, store our pensions, or pay our hard-earned salaries into can determine whether green projects and clean businesses are financed. That’s [...]
Kings of crypto say it’s the solution without knowing what the problem is May 20, 2022 If you had doubts over whether the latest cryptocurrency correction would make mainstream news, you needed look no further than the House of Commons this week. In a duel between Ed Miliband and Rishi Sunak, the Labour frontbencher used the current price plummet as his attack line: “Crypto has crashed and so has the Chancellor,” [...]
Exclusive: Logistics warehouses expanded by 200 football pitches worth of space last year May 20, 2022 Distribution warehouses expanded to the tune of more than 200 football pitches last year, as pandemic momentum for e-commerce firms continues to swell. An additional 1.5 mm² space has been snapped up by e-commerce firms, according to an analysis of official data by law firm RPC, exclusively shared with CityA.M. E-commerce sales were worth £28bn [...]
As we cut Russia off from our markets, we must also crack down on Western enablers May 20, 2022 During the nearly four year investigations into Russia’s efforts to interfere in the 2016 US elections, it became glaringly obvious the extent to which malign campaigns from Russia are in fact enabled by actors in the West. Bipartisan staff on the Senate Select Committee responsible for the inquiry became increasingly jaded by the depth of [...]
Brits’ optimism tumbles to new depths, below financial crisis and Covid-19 lockdowns May 20, 2022 Rampant inflation, tax hikes, swelling food and energy bills and the Russia-Ukraine war has sent Brits’ optimism to its lowest level ever, reveals a closely watched survey published today. UK households are now even more pessimistic than they were when the world was in the teeth of the global financial crisis in 2008 and during [...]
A toast to a famous Ukraine Eurovision win – with vodka of course May 20, 2022 Ukraine’s triumph at last weekend’s Eurovision Song Contest came as a surprise to no-one. The competition’s traditional regional, ethnic, and political voting blocs were abandoned, as voters from across the continent delivered their overwhelming support to the embattled people of Ukraine, and while the folk-rap number Stefania, by Kalush Orchestra, may not have won strictly [...]
Letters: Musk’s bot-tled Twitter takeover May 20, 2022 [Re: Musk says $44bn mega takeover of Twitter is ‘on hold’, May 14] Musk, now unsure the $44bn Twitter takeover is worthy based on the number of bots plaguing the platform, has started the debate on how tech platforms can better verify digital identity. It’s not an issue that can ever be in the hands [...]
