Coronavirus helps Deliveroo take home profits in 2020 December 21, 2020 Deliveroo has recorded profits for six months in 2020, with coronavirus helping the business turn the tide on last year’s losses. The last 12 months have marked a year of growth for the food delivery app, following a couple of years of investment that saw losses at the business run into the hundreds of millions. [...]
PM to host press conference later as freight stacks up at border December 21, 2020 The Prime Minister will hold a Downing Street press conference later amidst ongoing chaos at the UK-France border. Despite assurances from French authorities that goods would start moving again after a ban on Brits entering the continent, lorries have begun to stack up at Dover and other ports. The Elysee announced a total ban on [...]
Sam Torrance: The golf year in review, from Superman Bryson DeChambeau to doyen of commentary Peter Alliss December 21, 2020 This has been a strange year and that has been true in golf as well. We all hope that normality can resume in every respect in 2021, and that tournaments will not have to be postponed or cancelled again. In the circumstances, the European Tour deserves great credit for putting measures in place to resume [...]
Best of 2020: Europe hurtles into decline, almost unnoticed December 21, 2020 As the year winds down, City A.M. is looking back at the columns that tell the story of our year. For a Europe that has made managing rather than solving economic crises into an art form, the time for paying the piper is fast approaching. The continent’s long-stagnating economy is perched at the edge of [...]
Retailers feel Tier 4 pain as footfall drops 40 per cent December 21, 2020 Retail footfall plunged by 40 per cent in the areas of England put under Tier 4 restrictions such as London, laying bare the impact of the restrictions on shop-owners during the crucial Christmas period. Prime Minister Boris Johnson on Saturday announced London and parts of the south and south east of England would go into [...]
Bitcoin 2021 outlook and challenges in charts December 21, 2020 2020 has been crucial for Bitcoin, we see it as the year of legitimisation for the broader public and investors, accelerated by the COVID crisis and the consequent rapid escalation of QE. Our conversations with institutional clients have changed considerably over the course of 2020, what was typically a desire to speculatively invest has now [...]
A Crypto Carol: The Ghosts of Blockchain December 21, 2020 Tis the season for crypto-mania. It’s always lovely to see all the crypto girls and boys with pound signs in their eyes huddled around their bitcoin charts waiting to see if Santa Satoshi is going to bring them another bull run before the end of 2020. And of course, the spoiled children are trying to [...]
Charles Schwab UK fined £9m for failing to protect client assets December 21, 2020 The UK’s financial watchdog has fined investment firm Charles Schwab £9m for failing to adequately protect client assets and making a false statement to the regulator. Schwab’s breaches occurred between August 2017 and April 2019 when it moved client money from the UK arm to a US business. The Financial Conduct Authority (FCA) today said [...]
Liftoff: Boeing’s embattled 737-Max to receive EU flying approval December 21, 2020 The European aviation safety watchdog is expected to give Boeing’s controversial 737-Max aircraft the OK to fly in the New Year. European Aviation Safety Agency (EASA) boss Patrick Ky told the BBC he was “certain” the aircraft was safe to fly. He said his inspectors had “left no stone unturned” in assessing the changes to [...]
Will 2021 be the FTSE 100’s year? December 21, 2020 The FTSE 100 has been playing catch-up for most of this year. After the historic market crash in the spring, the UK’s main stock index – which lacks glittery tech names – has lagged behind. The US’s S&P 500 climbed about 12 per cent from the start of the year to 1 December, while Germany’s [...]
