The City A.M. Punter Podcast EP:17 Ayr Gold Cup, Newbury & Hong Kong October 29, 2020 We all send our deepest condolences to the family and friends of Pat Smullen who sadly passed away this week. Today, owner John Dance talks at length about the chances of his exciting 2 year old Rhythm Master, who runs at Newbury in the Group 2 Mill Reef Stakes on Saturday. Wally Pyrah joins us [...]
The City A.M. Punter Podcast: EP:16 St Leger Weekend October 29, 2020 Today William Muir talks in depth about his St. Leger runner, Pyledriver and young Irish trainer Joseph O’Brien joins us from his county Kilkenny stables to tell us all about Galileo Chrome’s meteoric rise from maiden company to St. Leger hopeful in just a few short weeks ahead of the group 1 race at Doncaster [...]
Amazon quarterly sales near $100bn amid online shopping boom October 29, 2020 Amazon has continued its bumper year of trading, posting quarterly sales of nearly $100bn (£77.4bn) as the pandemic sparked a surge in demand for online shopping. The ecommerce giant said net sales had increased 37 per cent year on year to hit $96.1bn in the three months to the end of September. Net profit hit [...]
Facebook revenue jumps as pandemic drives up traffic October 29, 2020 Facebook today posted better-than-expected revenue for the third quarter as higher user numbers during the coronavirus pandemic helped drive up revenue. The social media platform posted revenue of $21.5bn (£16.6bn) in the three-month period, up from $17.7bn last year. Net income rose from $6.1bn to $7.8bn. The bulk of the revenue was generated by advertising [...]
Google parent Alphabet returns to growth as advertisers flock back October 29, 2020 Google parent company Alphabet reported a return to growth in the third quarter as advertisers flocked back in their droves after a coronavirus-induced slump. The tech giant, which also owns Amazon, reported revenue of $46.2bn (£35.7bn) in the three months to the end of September, up 14 per cent on the same period last year. [...]
Channel 4 advertising bounces back amid privatisation threat October 29, 2020 Channel 4 today said its advertising revenue had rebounded strongly from a coronavirus-induced slump as it shrugged off renewed threats of privatisation. Earlier this month media minister John Whittingdale hinted that the government was mulling a sale of Channel 4, adding that its business model was under strain and may not be sustainable. But the [...]
NHS should be on the table in UK-US trade talks, says senior US Senator October 29, 2020 American pharmaceutical companies should get access to the NHS in a UK-US trade deal, according to the chair of the Senate committee that approves trade agreements. Republican Senator, and chair of the Senate Committee on Finance, Chuck Grassley told City A.M. that a UK-US trade deal “ought to involve almost anything” and that the NHS [...]
Mogul Mowgli review: Riz Ahmed shines in timely rap drama October 29, 2020 There’s something joyous about seeing a star let loose in a passion project after a long period in Hollywoodland. Mogul Mowgli’s co-writer, producer and star Riz Ahmed revels in the project, putting in a performance that stands as one of his best. He plays Zed, a British-Pakistani rapper living in New York where his music [...]
The Painter and the Thief review: A brilliant, moving documentary October 29, 2020 Premiering at Sundance in January, Norwegian documentary filmmaker Benjamin Ree (2016’s Magnus) brings us The Painter and the Thief, an unusual tale of crime and reconciliation. We meet Barbara Kysilkova, a Czech painter based in Oslo, as she learns two of her most celebrated paintings have been stolen during the night. The authorities bluntly inform [...]
US firm Prologis sells UK logistics assets to Blackstone for record-breaking £473m October 29, 2020 US real estate firm Prologis has sold its UK logistics properties to Blackstone for a record-breaking £473m. It represents the largest sale of logistics real estate assets on record in the UK, Prologis said, and highlights the strength of the sector as an investment asset class. The portfolio comprises about 4.3m sq ft of buildings [...]
