The most popular source of investment ideas for Gen Y and Z? Social media November 17, 2021 A new survey has confirmed the trends we saw during the pandemic, when retail investing became part of the zeitgeist due to a combination of social isolation, boredom, spare cash and rapidly innovating fintechs. Over half (56 per cent) of 18-34 year olds in the UK who invest attribute their strategy to ideas published on [...]
The City View Daily Podcast: Inflation, David Cameron and Arbuthnot Latham November 17, 2021 Welcome to City A.M.’s daily news podcast, The City View, live from the newsroom. Editor Andy Silvester whistles through the big news in the Square Mile today – including the latest on David Cameron’s faltering business career and a day to forget for McColl’s. But the big news of the day is inflation – which [...]
Boris Johnson admits ex-MP Owen Paterson broke Westminster lobbying rule November 17, 2021 Boris Johnson has today admitted Owen Paterson broke Westminster’s lobbying rules, just two weeks after his government tried to get the ex-MP off the hook for a recommended 30-day suspension. Johnson told parliament’s Liaison Committee today that “there’s no question [Paterson] had fallen foul of the rules on paid advocacy as far as I could [...]
Apple to sell spare parts so iPhone users can complete repairs from home November 17, 2021 Apple has announced plans to sell iPhone parts to the general public so that they can carry out their own repairs from home. At first the scheme will be rolled out to US iPhone 12 and iPhone 13 holders with the company confirming it has plans to expand the scheme to some Mac products and [...]
House of Fraser flagship Oxford St store to shut as firm warns of ‘inevitable’ further closures November 17, 2021 The House of Fraser flagship store on Oxford St is set to permanently close, in another blow to the capital’s shopping district. Frasers Group said it had been served notice by the landlord to close the site, after an application for planning permission to redevelop the site was given the green light. A spokesperson for [...]
Swelling energy bills propel inflation to 4.2 per cent, more than double Bank of England’s target November 17, 2021 Swelling household energy bills have propelled inflation to more than double the Bank of England’s target, dialling up pressure on the Old Lady to act to hose down red-hot price rises. Inflation scaled to 4.2 per cent in October, up sharply from 3.1 per cent in the previous month, according to the Office for National [...]
Soho House adds record number of sign ups to the waitlist November 17, 2021 The Membership Collective Group, which owns Soho House, saw its membership grow by 16,663 in the third quarter to stand at 144,503. As global lockdown restrictions lifted around the world this Summer applicants signed up to join the private members club in record numbers. The brand’s Houses, which are frequented by Victoria Beckham, Nicole Kidman and [...]
The Analyst: Disney becomes the mouse that squeaked November 17, 2021 Ian Whittaker has been a City analyst for more than two decades, and what he doesn’t know about media, advertising and the creative services industry isn’t worth knowing. Here’s his latest monthly column for City A.M. Disney’s shares fell over 7 per cent the day after it published poorly received full year results (Disney’s financial [...]
BA and American Airlines to offer business travellers free Covid tests November 17, 2021 British Airways (BA) has announced a collaboration with American Airlines and American Express to provide free Covid tests to business travellers flying between the UK and the US. “Ensuring corporate travellers have access to efficient, accurate testing is one of the key components to ramping up business travel across the trans-Atlantic corridor,” BA’s head of [...]
Decarbonisation is primary driver for transport investment, says DLA Piper November 17, 2021 Decarbonisation has become the primary driver for investment strategy in the transport sector. According to a report by law firm DLA Piper, 79 per cent of respondents from the railway industry believe decarbonisation a primary driver for their organisation’s investment strategy. Numbers go up when considering those working in the aviation and shipping industries, with [...]
