Spotify and Amazon consider takeover bids for podcast platform Audioboom February 13, 2022 Spotify and Amazon are considering takeover bids for London-listed podcasting platform Audioboom which has enjoyed a boom in revenues through the pandemic, according to reports.
A Nato divided: UK accused of causing further Nato rift over Ukraine crisis February 13, 2022 Ben Wallace was today accused of stoking further division between Nato allies in its response to the Ukraine -Russia crisis, after invoking appeasement of Nazi Germany. The defence secretary, who today announced he would cut short a family holiday to deal with the crisis, was rebuked by Ukraine’s UK ambassador Vadym Prystaiko for saying there [...]
UK’s top crypto chief calls out City watchdog for curbing innovation February 13, 2022 The City watchdog has come under fire from the chief of Britain’s biggest cryptocurrency firm after he suggested that the UK is falling behind its EU cousins. Peter Smith, the chief exec of Blockchain.com, told The Telegraph that the Financial Conduct Authority (FCA) had taken a “risk-management first approach” that came “at the expense of [...]
Bidders recoil at Butlin’s hefty price tag as Blackstone explore a sale February 13, 2022 Potential bidders for the Butlin’s chain of holiday camps have reportedly balked at a hefty £700m price tag floated by its owner Blackstone, as the private equity giant looks to spin off the chain.
Major recruiter hits back at SRA after watchdog says it will crack down on workplace bullies February 13, 2022 The managing director of a major recruitment company has slammed the Solicitors Regulation Authority (SRA) for being out of touch, after the watchdog said law firms should stamp out bullying. The SRA said it plans to crack down on law firms that promote toxic workplace cultures, after releasing new guidance calling on the legal sector [...]
Half of those who quit during the Great Resignation are living off savings February 13, 2022 Half of those who quit their jobs as part of ‘The Great Resignation’ are simply surviving on savings to make ends meet, according to new research from 360Learning shared exclusively with City A.M. New research from online education platform 360Learning shows that 50 per cent of those who left their jobs are living on savings, [...]
Week ahead: City’s gaze turns to fresh inflation figures February 13, 2022 All eyes in the City this week will be on fresh inflation figures as investors brace for another shocker of a print. Most economists expect inflation to firm even further, jumping to 5.5 per cent in January from 5.4 per cent in December. That would still leave the cost of living at around a 30-year [...]
UK has reserve diesel supplies if Russia turns off the tap, government says February 13, 2022 The government has moved to assure people that it has wells of reserve diesel supplies in the event that Russia shuts off its supply to the UK. Russia supplies 18 per cent of the UK’s diesel, despite being less reliant on the country for other forms of gas compared to other European countries. The UK [...]
US Fed to embark on fastest tightening cycle in recent history, warns Goldman Sachs February 13, 2022 The US Federal Reserve will embark on the fastest tightening of monetary policy in recent history this year to tame runaway stateside inflation, Wall Street analysts are betting. Chair Jerome Powell and co will lead the charge against the soaring cost of living across the pond by hiking interest rates seven times in 2022, according [...]
Hong Kong hit hardest by global collapse of travel as tough restrictions see 95 per cent drop in visitors February 13, 2022 The global pandemic has hit Hong Kong’s travel sector harder than any other country in the world, as the country’s tough travel restrictions have seen a 95 per cent drop in the number of visitors. The value generated by Hong Kong’s travel sector dropped 75 per cent between 2019 and 2020, analysis from Compare the [...]
