High street stalwarts shun Black Friday November 13, 2021 High street stalwarts are shunning Black Friday this year due to the discount shopping event losing its pull among consumers. The likes of Marks and Spencer and Next will stop offering discounts on products due to the event squeezing margins and offering little value to businesses. Other online retailers, including Amazon and AO.com, are intending [...]
Coal to be explicitly identified as climate change culprit for first time if fresh COP26 deal passes November 13, 2021 Highlighting coal’s role in intensifying the worst effects of climate change has been retained in the latest draft agreement at the COP26 climate summit. The draft deal, which still needs to be agreed by delegates attending the summit, urges countries to water down their reliance on coal and subsidies for fossil fuels. It would be [...]
Best of this week in our opinion pages: From Mark Carney’s climate bet and Tory sleaze scandals to protecting abuse victims in virtual courts November 13, 2021 On Friday, City A.M. columnist Josh Williams’ turned to Mark Carney’s efforts to build a consortium of investors keen to save the planet from climate change. But his claim to have $130tn at the ready was over-exaggerated and distracted from his mission. Instead, the former Governor of the Bank of England should take a leaf [...]
Tory sleaze row puts Johnson behind Starmer for first time since January November 13, 2021 The row over entrenched sleaze within the Tory party has caused Labour leader Sir Keir Starmer to leapfrog Prime Minister Boris Johnson for the first time since January. Voters seem to be blaming Johnson for allowing the sleaze saga to worsen, with his ratings as “best prime minister” dipping four percentage points to 27 per [...]
The Spotify of micromobility: How a different business model can carve a niche in London’s e-bike market November 13, 2021 As COP26 has drawn to a close, many were disappointed by world leaders lacking to focus on one of the biggest weapons we have to achieve net zero targets: bikes. On Wednesday – COP26’s Transport Day – dozens of people in Glasgow rang their bicycle bells in protest against active travel solutions being a mere [...]
Investors need to rediscover the age-old virtue of patience to recharge our economy November 13, 2021 If you do a smart job spending taxpayers’ money you can make businesses more productive and drive wages up. Economists can debate the merit of that idea but be in no doubt, ministers believe every word. They spelled it out in a series of autumn announcements. Even those ministers though don’t think the state can [...]
Morgan Plus Four CX-T review: Let’s off-road! November 13, 2021 The Morgan Plus Four CX-T is a crazy collision between a classic sports car and a desert racer. Tim Pitt tries to make sense of it.
London markets dip as Darktrace continues to tumble November 12, 2021 Cambridge-based cybersecurity firm Darktrace continued to tumble today, dragging London markets down with it. The capital’s premier FTSE 100 index dipped 0.49 per cent to 7,347.91 points, while the mid-cap FTSE 250 lost 0.07 per cent, falling to 23,557.52 points. Darktrace plunged over four per cent during morning exchanges, extended a brutal period for the [...]
Staley and Epstein exchanged 1,200 emails that included mysterious phrases November 12, 2021 Former Barclays chief Jes Staley who left the bank to fight the findings of a probe into whether he lied about his relationship with Jeffrey Epstein exchanged 1,200 emails with the convicted sex offender. The content of the emails included seemingly codified phrases such as “snow white” which investigators were unable to decipher. The news [...]
Johnson & Johnson spins off consumer business in historic company shake-up November 12, 2021 Johnson & Johnson will spin off its consumer health business in a massive company shake-up. It will continue to develop pharmaceuticals and medical devices, but will create a new publicly traded company to sell household products. The separation reflects the growing divergence between the slow-and-steady world of selling shampoos, mouthwash and moisturisers, and the high-risk [...]
