Bitcoin stands to benefit from US elections October 23, 2020 Opinions are mixed over how the US elections and other significant developments will affect Bitcoin, but one thing is for certain – we’re in for a bumpy ride over the next couple weeks. Back in 2016, the vast majority of political commentators and news outlets predicted a high probability of a Clinton victory. However, as [...]
Fidelity acquires LGIM’s personal investing business October 23, 2020 Fidelity has acquired Legal and General Investment Management’s personal investing business for an undisclosed sum. The business will now form part of Fidelity’s own personal investing platform and will more than double its current 280,000 customers on the platform, which has £20.3bn in assets under management. LGIM’s UK personal investing business has £5.8bn in assets [...]
Rondo: Holborn’s newest dining room has the chance to be great October 23, 2020 Hotel restaurants are tough to get right. The space at the Hoxton in the Holborn is a perfect example of why – trying to create a cosy atmosphere whilst a constant stream of wheely suitcases make a racket just twenty metres away isn’t easy. But Rondo, occupying that same space, has just about managed it. [...]
Credit Suisse to connect clients with early-stage investment opportunities October 23, 2020 Credit Suisse, Linklaters, Deloitte and The Conduit Connect have launched a new venture to partner early-stage companies with potential investors. The partnership will connect members of London-based social change initiative The Conduit with Credit Suisse clients to access impact investment opportunities. The Conduit Connect currently matches early-stage investment opportunities, such as The Library of Things, [...]
Top lawyer at City firm attacks £100,000 starting salaries October 23, 2020 The senior partner of a top law firm has criticised starting salaries soaring to six figures for some newly qualified solicitors saying they are “unsustainable”. “The levels of pay in major private practice law firms are completely unsustainable”, Richard Foley, senior partner at Pinsent Masons told the Innovative Lawyers Summit on Thursday. “You see stuff [...]
New covid rules mean ‘don’t bother opening’ says Mark Hix October 23, 2020 I’m presently sitting in my fish truck in Lyme Regis, where I’ve been since the crack of dawn so I can get the best produce straight from the local fishermen. It’s a far cry from the life I had this time last year, when I might have been preparing the staff at Hix Soho for [...]
Coronavirus: UK economic recovery stumbles as business growth slips October 23, 2020 The UK economy’s recovery stumbled in October, according to a new survey, with services sector growth slowing considerably amid rising coronavirus cases and new government measures. The IHS Markit/Cips preliminary purchasing managers’ index (PMI), a gauge of the private sector’s health, fell sharply to 52.9 in October from September’s reading of 56.5. A score above [...]
Screenshot: Will the UK’s live music industry ever recover? October 23, 2020 A weekly column from City A.M. bringing you all the biggest stories and trends in technology, media and telecoms This week: ** Media Moment of the Week: Sky History gets tattoo regret ** Can the live music sector survive this crisis? ** The tide turns against Google Media Moment of the Week This week we [...]
Holiday Inn owner IHG says bookings subdued amid tighter restrictions October 23, 2020 Holiday Inn owner Intercontinental Hotels Group (IHG) said bookings remained subdued in the third quarter, as tighter restrictions introduced in September dampened the sector’s tentative recovery. Group revenue per available room was down 53.2 per cent reflecting a 30 percentage point drop in occupancy year on year. However, occupancy improved to 44 per cent in [...]
