Betting firm 888 revenue jumps thanks to market expansion October 19, 2021 Online betting and gaming giant 888 Holdings said its group revenue rose in the third quarter, hitting $229.9m, thanks to its expansion. Revenue increased seven per cent to $229.9m (£166.9m) in the three month period ending September 30. In the same period last year, revenue hit $215.6m (£156.53m). Casinos led strong performance in the group’s [...]
UK Government to fund nuclear plant in net zero push October 19, 2021 The UK Government is planning to fund a new nuclear power plant as part of its strategy to reach net zero by 2050. As reported exclusively by the Telegraph, the government will announce the funding before the 2024 elections and is expected to choose EDF’s proposed plant, Sizewell C. EDF said that, if approved, the [...]
UK trade bodies rebel against ‘cartel-like’ shipping costs October 19, 2021 Make UK, the trade body representing UK manufacturers, has called on the Competition and Markets Authority (CMA) to open an investigation into the shipping sector’s “cartel-like practices” when it comes to the increase in prices. Writing a letter to the CMA alongside the British Chamber of Commerce (BCC), Make UK has said that the “increase [...]
City Moves: Who’s switching jobs in the Square Mile today? October 19, 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. Azets Accountancy and business advisory services Azets has promoted Naomi Wells to Tax Partner. After joining the firm in 2015, Wells has been promoted several times, including to Associate Director in January. The appointment is one of [...]
Editorial: What the City can learn from Succession… and what it shouldn’t October 19, 2021 There is something viscerally thrilling about the return of Succession to our screens. Whether it is the venal backbiting, the elaborate corporate power-plays, or simply the fact that the myriad troubled characters at the heart of the Roy empire speak to each other like we’d sometimes like to speak to our colleagues, there is something [...]
We could make Glasgow great again if London and Edinburgh can get along October 19, 2021 Glasgow is the fifth largest city in the UK, easily the biggest in Scotland, though still smaller than it was 50 years ago. The Dear Green Place, more aptly tagged “No Mean City” in the 1930s, was once the second city of the empire, a global hub of shipbuilding and coal-mining, beautified by trade barons [...]
The City of London should once again be a 24/7 city packed full of culture October 19, 2021 Seeing the old familiar buzz returning to the streets of the City of London is a welcome sight and one which cannot help but bring a smile to one’s face. The sight of friends and colleagues greeting one another, restaurants and cafes thriving once more and a vibrant cultural scene underlines what we always knew: [...]
Travel rules mean London is ‘very uncompetitive’ tourism prospect October 19, 2021 The government must tweak its international travel rules in order for high-end London hotels to recuperate after the pandemic, according to one trade leader. London is currently “very uncompetitive” in the international tourism market, Joss Croft, boss of trade body UKinbound, told CityA.M. While changes to allow travellers arriving in the UK to test with [...]
Fiscal watchdog to hike growth forecasts to highest on record at budget October 19, 2021 The government’s independent fiscal watchdog will make the biggest ever upgrade to the UK’s economic growth rate at the budget next Wednesday. The Office for Budget Responsibility (OBR) will hike its forecasts for the British economy’s annual expansion rate to 7.5 per cent, according to the economic think tank the Resolution Foundation. This would be [...]
Foreign investors pile into London’s green dream, making it the ‘cleantech’ capital of Europe October 19, 2021 London was the leading city in Europe for ‘cleantech’ projects last year, with investors piling into the cause as the UK chases its net zero target and maps its ‘levelling up’ agenda. The UK snagged one in six of all foreign direct investment that came in behind cleantech last year, according to Big Four firm [...]
