Screenshot: Will Tim Davie win the generation game? October 30, 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 sorry soy saga ** Tim Davie and the BBC’s tug of war ** The tech titans’ tumultuous year Media Moment of the Week This week it’s another [...]
What’s in store for the airline industry this winter? October 30, 2020 Although every industry has suffered due to the coronavirus pandemic, few have been as hard hit as the world’s airlines. At the beginning of the year, the idea of a world without global air travel was for most people a relic of a long-forgotten past, but seven months of extreme turbulence have flipped that notion [...]
Connecting DeFi with real world assets: the next horizon October 30, 2020 Decentralised Finance (DeFi) is a term used to refer to innovations in capital markets that rely on blockchains, and enable capital market activities across an open network, where trust is automated in the software. Instead of using conventional financial rails such as banks or credit transfer APIs, DeFi based projects work entirely on blockchains without [...]
Natwest returns to profit as virus loan charges fall October 30, 2020 Natwest returned to profit during the third quarter, reporting forecast-beating earnings after setting aside a smaller-than-expected sum to deal with bad loans due to the coronavirus pandemic. Natwest posted an operating profit before tax of £355m for the three months to September on an income of £1.9bn. The figure beat the bank-compiled analyst estimates of [...]
British Airways owner IAG calls for airport testing as losses widen October 30, 2020 British Airways owner International Airlines Group (IAG) fell to a €5.56bn loss in the first nine months of the year as it warned passenger demand could take three-years to recover to pre-pandemic levels. The company this morning announced it had plunged to a loss after tax and exceptional items of more than €5bn this year [...]
The City A.M. Punter Podcast EP:23 Cheltenham, Doncaster & Newbury October 30, 2020 The jumps season is back and trainer Harry Whittington has a few runners on Saturday and Sunday at Cheltenham & Aintree. He joins us to discuss their chances, whilst Eve Johnson-Haughton talks about her 2 year old runners at Doncaster & Newbury this weekend. Racing Editor Bill Esdaile previews the best of the weekend action [...]
US breaks daily record for coronavirus cases as total infections hit nine million October 30, 2020 The United States broke its single-day record for new coronavirus infections yesterday, with the country reporting over 91,000 new cases. Thursday’s surge in cases, which comes less than a week before the US election, also hospitalisations hit new highs in many states, according to a tally by Reuters. The previous one-day record for US cases [...]
FSB: banks must ‘step up’ support for new Bounce Back Loan applications October 30, 2020 The Federation of Small Businesses (FSB) has called for the government to introduce further support measures and for banks to “step up” to ensure small businesses can access the financing they need. The organisation said it was “particularly concerned” by the number of small businesses that were struggling to access government-backed Bounce Back Loans (BBLs) [...]
The City A.M. Punter Podcast EP:22 Champions Day at Ascot October 30, 2020 British Champions Day takes place at Ascot on Saturday with four Group 1 races to look forward to. Trainer Roger Teal talks about Oxted in the Champions Sprint and David Menuisier discusses the chances of his filly Wonderful Tonight in the Fillies & Mares. Both horses have already won Group 1 races this season. Racing [...]
Twice as many young people want permanent flexible working post-Covid October 30, 2020 The rapid acceleration of home working caused by the coronavirus pandemic has sparked a generational divide in how employees would prefer to work post-Covid, a new survey suggests. Twice as many under-35s want permanent flexible working options post-pandemic compared to over-55s, according to new research by Deloitte. Some 64 per cent of under-35s said they [...]
