Italy’s antitrust authority issues whopping €200m fine to Amazon and Apple November 23, 2021 Italy's antitrust authority has fined Amazon and Apple more than €200m (£168m) in the latest sign that the EU is cracking down on big tech.
Boris Johnson brushes looming MP rebellion over social care under the carpet November 23, 2021 Boris Johnson has narrowly managed to push through controversial plans to cut down social care support for poorer households, despite 19 Conservative MPs rebelling against the policy. The government’s plans were only just won, by 272 votes to 246 despite the government having an 80-strong majority in the Commons. The removal of means-tested support from [...]
Burdensome EU border regime threatens post-Brexit lorry pile up at Port of Dover November 23, 2021 A fresh logistics regime imposed by the EU after Brexit could lead to lorries piling up at the Port of Dover, authorities and MPs warned yesterday. Rules overseeing entry to the bloc’s passport-free Schengen Area would increase the amount of time it takes lorry drivers to pass through Britain into the region. Drivers would have [...]
Quarterly results put Softcat financials on track November 23, 2021 UK IT provider Softcat has purr-formed in line with expectations for the first quarter of FY22 it was announced today.
It’s Friday again: Atom Bank shifts to four-day week November 23, 2021 Digital lender Atom Bank has become the biggest UK employer to shift to a four-day working week. Staff at the challenger bank, launched in 2016, will work a 34-hour week spread over four days for the same monthly pay. Staff are being encouraged to work “core hours” of 9.30am – 4.30pm between Monday and Thursday. [...]
Zoom shares drop after it reports slowing momentum as Covid demand eases November 23, 2021 Zoom's third-quarter revenue growth rate slowed to 35 per cent as demand for its video-conferencing tools eased from the pandemic-fueled heights last year, sending its shares down about 6 per cent.
Sophie Nelson: An ATP and WTA merger could be a true sporting force November 23, 2021 Rumours of a merger in the world of tennis between the ATP, which runs the elite men’s tour, and WTA, its women’s counterpart, are long-running. The pandemic amplified calls to unite the two organisations after the sporting calendar was disrupted and revenues impacted. A more unified system for the game could reap commercial benefits in [...]
City Moves: Who’s switching jobs in the Square Mile today? November 23, 2021 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. Validus Validus Risk Management (Validus) has appointed an asset management veteran to its London-based chief operational officer position, while it also appoints a new principal in New York. Jarv Ashford joins the financial risk advisory firm from [...]
Generation Netflix: The weekly release could fall victim to our binge habit November 23, 2021 Much ado about, uh, something, stumbled one of Logan Roy’s goons as he tried to stall for time at the fictional shareholder meeting that would decide the fate of Waystay Royco. The machiavellian drama has been drip fed out to audiences like a doctor administering morphine really, really slowly. In contrast, the likes of Squid [...]
In a world of open banking, Amazon holds all the cards in the face off with Visa November 23, 2021 From January 2022, Amazon will no longer accept Visa credit cards. This is a significant move in a landscape of ever-increasing competition for payments, a growing number of incentives for a move away from credit cards and the potential to bypass traditional payments altogether. Whether or not it was a negotiation tactic to put Visa [...]
