The City A.M. Punter Podcast EP:26 Cheltenham November Meeting November 13, 2020 Trainer Kerry Lee is our guest today, discussing a trio of her weekend runners at Cheltenham where Happy Diva looks to win the Paddy Power Gold Cup for the second year in a row. Racing editor Bill Esdaile looks at the best of the weekend action at jumps HQ, and Wally Pyrah talks us through [...]
Tesco apologises to customers over Christmas delivery booking delays November 13, 2020 Tesco has been forced to apologise to customers facing delays trying to book a delivery slot for Christmas shopping following a surge in demand. The supermarket said this morning that it had placed shoppers in a “virtual waiting room” to help it manage the influx of customers trying to secure a home delivery for the [...]
EU watchdog seeks to quell worry over cross-border investment funds November 13, 2020 The EU’s securities watchdog has said there is no call for a fundamental change in how investment funds in the European Union can be run by asset managers based outside the bloc. The European Securities and Markets Authority (ESMA) alarmed the global funds industry in August when it said that safeguards introduced ahead of Brexit [...]
Carillion ‘recklessly’ misled markets before collapse, says UK watchdog November 13, 2020 The Financial Conduct Authority (FCA) has today announced that it intends to take further action against failed outsourcer Carillion for “misleading” shareholders with false information. In a warning notice published today the watchdog said that a number of senior executives were “knowingly concerned” in numerous breaches of market rules, and had acted “recklessly”. These include [...]
BEIS audit reform proposals expected to be made public in the new year November 13, 2020 Reforms to the audit sector outlined by the Department for Business, Energy and Industrial Strategy (BEIS) are expected in the new year, with full implementation expected in 2023. Mazars head of audit Bob Neate told industry magazine Accountancy Age he expected BEIS to deliver around 110 recommendations drawn from three major reports into auditing. The [...]
Screenshot: Is this the end for impartial TV news? November 13, 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: How not the book the Four Seasons **Is this the end for impartial TV news? **UK protectionism: A tech takeover balancing act Media Moment of the Week This one’s [...]
To the Moon November 13, 2020 Edging Higher The market continued to edge higher, with Bitcoin attempting to make its way through the congestion area between $16,000, $17,000- $17,150 zone based on 2017/18. Ultimately, the markets are looking to test all-time highs; so much so that resistance before that looks almost futile based on the current risk on sentiment. However, it [...]
Tui in talks with German government over new bailout November 13, 2020 Travel giant Tui is reportedly in talks with the German government over receiving a further €1.8bn (£1.6bn) bailout in order to survive the coronavirus pandemic. The Anglo-German firm has already received €3bn in state aid to stay afloat during the crisis, which has hammered the global travel industry. However, it has now warned that the [...]
What should investors care about most: A vaccine or the US President? November 13, 2020 The result of the US election was big news for the world, for the economy and markets. But as an investor I’ve always considered the pandemic of far greater consequence. Vaccine news steals election thunder Joe Biden’s electoral success was duly eclipsed by the news on Monday that an effective Covid-19 vaccine may have been [...]
Disney doubles down on streaming as it keeps a lid on losses November 13, 2020 Disney has said its nascent streaming service is key to the future success of its business after the media giant swung to its first annual loss in four decades. The House of Mouse today said it had racked up almost 74m paid subscribers for its Disney Plus platform, which launched in the UK on the [...]
