Bitcoin parabola signals the starts of a new crypto paradigm November 27, 2020 Bitcoin momentum stalled at around $19,400 as it began to slip into dangerous territory before breaking its parabolic trend that began in the first week of October. However, historical precedent speaks volumes about bitcoin’s mini parabolic run-up, and what’s to come in 2021. While hindsight bias could elaborate on what precipitated the sell off, bitcoin’s technical [...]
Gatwick Airport demand takes off after quarantine rule change November 27, 2020 Gatwick Airport is preparing to ramp up flights after the government said quarantine rules will be relaxed in the run-up to Christmas. Chief executive Stewart Wingate said the airport had already seen boosted demand and was expecting to handle around 100 flights per day by mid-December. This is compared to just four a day during [...]
The City A.M. Punter Podcast EP:28 Newbury, Newcastle & Hong Kong November 27, 2020 Trainer & Clerk of the Course Harriet Graham joins us to talk about her stable star Aye Right who has a big chance of winning the feature race at Newbury on Saturday. Racing editor Bill Esdaile looks at the best of the weekend jumps action at Newbury and Newcastle and Wally Pyrah talks us through [...]
Eurozone economic confidence slides amid soaring Covid cases November 27, 2020 Economic confidence fell sharply in the Eurozone in November, a new survey has shown, as the bloc grappled with soaring coronavirus cases and countries put in place economically damaging restrictions. The European Commission’s economic sentiment indicator dropped 3.5 points to 87.6, having recovered sharply in the summer after the lockdowns of the spring. It comes [...]
Philip Green’s Arcadia ‘faces collapse’ in the coming days November 27, 2020 Sir Philip Green’s retail empire Arcadia, owner of Topshop, could appoint administrators early next week. Sky News reported the move could put 13,000 jobs at risk. The appointment of administrators could happen as early as Monday, although one source close to the story told Sky News the plan had not been finalised and could be [...]
Can asset management’s Covid-19 response help regain public trust? November 27, 2020 The tenth anniversary of the Global Financial Crisis (GFC) back in 2018 sparked a deluge of articles recalling the days the financial system stared into the abyss. They questioned just how close we came to complete collapse, but also whether it could happen again. Had anything changed in the decade that followed? From some perspectives [...]
Recovery November 27, 2020 Bitcoin is booming Bitcoin staged a healthy pull back in the wake of a dramatic collapse in spot price from the mid-$19,000 all the way into the low $16,000 area. By early Friday, Bitcoin was looking to reclaim the $17,000 level once again and while the aforementioned shake out did raise fears of a more [...]
Screenshot: Is price comparison the Future of publishing? November 27, 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: A baking bonanza **Future’s flirtation with Go Compare: Insane or inspired? **Baby boomer radio beats Media Moment of the Week For many of us, The Great British Bake Off [...]
First digital-only Black Friday set for bumper year as Covid-19 moves shoppers online November 27, 2020 England’s first ever digital-only Black Friday will not deter customers, with figures suggesting sales could be as much as 43 per cent higher than in 2019, with customers now familiar with the convenience of shopping online thanks to coronavirus. Figures from IMRG, the UK’s industry association for online retail, found this year’s Black Friday sales [...]
Capita confirms talks to sell ESS to private equity firm Montagu November 27, 2020 UK outsourcing group Capita today said it is in exclusive talks with private equity firm Montagu about the potential sale of its Education Software Solutions (ESS) business. Capita said it “confirms” the negotiations after media speculation. Yet it said there “can be no certainty” that a deal will be reached. Bloomberg last month reported that [...]
