Carnival loses two ships as pandemic continues to beat sector February 4, 2022 The pandemic continues to hit hard the cruise sector, forcing giants such as Carnival to restructure their fleet. The firm announced today that two of its US ships, Carnival Ecstasy and Carnival Sensation, will leave the fleet, while some of the routes they were on will be cancelled. After initially reporting that Carnival Sensation’s restart [...]
Cybersecurity: ‘To cripple UK, Putin does not need nuclear weapons’ February 4, 2022 The UK’s public sector needs to be “agile” in employing the government’s new cybersecurity strategy, according to analysts, amid fears of a Russian devised cyberattack. While the strategy, published last week, “looks good on paper” – there are significant areas of improvement, say experts. “To cripple the UK, Putin does not need nuclear weapons,” explained cybersecurity expert [...]
Loeb’s Third Point reports a slide in portfolio despite Shell boost February 4, 2022 Dan Loeb’s Third Point Investors has reported a slump in the value of its investment portfolio after a turbulent month in the markets took its toll on performance. Overall asset value in the notorious activist investor’s firm fell 8.7 per cent last month while the share price slid 12.9 per cent in January. Third Point [...]
Optimism fades for Upper Crust owner SSP as sales slide February 4, 2022 After a promising start to the new financial year Upper crust owner SSP has revealed sales are slipping back.
Shaftesbury weathers Omicron disruption and reports a strong rebound February 4, 2022 Shaftesbury, the owner of several buildings in London’s West End, has reported a strong rebound despite the impact of Omicron. In the four months ended 3 February, the firm announced that strong strong trading prior to restrictions and ongoing government support measures helped Shaftesbury weather Omicron-induced disruptions. The firm’s net debt went down 1.1 per [...]
DX auditor quits amid inquiry into company leadership February 4, 2022 AIM-listed delivery firm DX Group has admitted its auditor has resigned amid an investigation into corporate governance at the company.
City Moves: Who’s switching jobs in the Square Mile this week? February 4, 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. Guinness Global Investors Guinness Global Investors has hired a renewable energy specialist as its new head of sustainable infrastructure. David Freeder will lead the development of the firm’s broader strategy and investor offering in sustainable infrastructure and energy. After holding positions with Big Four [...]
Ollie Phillips: ‘England’s squad is uninspiring but it’s dangerous’ February 4, 2022 Tomorrow’s Calcutta Cup will no doubt be explosive. There’s a real clash of styles in the Six Nations match between Scotland and England in Edinburgh – but that’s just going to make the game even more exciting. I really like the England squad, and bar Elliot Daly at No13 it is a 23 in form, [...]
VAT freeze would create more than 286k new hospitality and tourism jobs, bosses say February 4, 2022 Hospitality bosses have urged ministers to halt a planned VAT rise this spring, claiming a retention could generate £7.7bn additional turnover in the next decade. Calls for a freeze have been reiterated by the British Beer and Pub Association, UKHospitality, the Tourism Alliance and the Association of Leading Visitor Attractions today. In a study organised [...]
New York Times’ pursuit of subscribers over profit buys into a Big Tech delusion February 4, 2022 Those five, elusive letters. Only when I have found them can my day begin. Alas, they may soon become more elusive still. This week, the New York Times bought Wordle for an undisclosed, seven-figure fee. Ominously, the “Gray Lady” has promised only that Wordle will “initially remain free”. The New York Times has been unusually [...]
