Apple steps up search engine efforts amid Google antitrust probe October 28, 2020 Apple is reportedly ramping up efforts to develop its own search engine technology as US antitrust authorities put Google’s market dominance under the spotlight. In iOS 14, the company’s latest iPhone software, Apple now shows its own results when users type queries into the search bar on the home page. The changes, which are likely [...]
How close are we to having an approved coronavirus vaccine? October 28, 2020 There are a number of vaccine programmes which have advanced to stage three trials, the final hurdle before approval, including two based in the UK. How are they progressing?
Tech resale site Music Magpie plots London stock market float October 28, 2020 Resale site Music Magpie is plotting an initial public offering in London after enjoying a bump in revenue during the coronavirus lockdown. The company has tapped investment banks Peel Hunt and Shore Capital to lead the float, which is expected to take place next year. Music Magpie allows customers to exchange their old electronic devices, [...]
Rolls-Royce shares halve after £2bn rights issue approved October 28, 2020 Rolls-Royce’s stock halved today after the the engine-maker’s shareholders voted in favour of a £2bn rights issue. After the morning’s trading, the blue chip’s stock was trading at 94.85p, down 56.7 per cent for the day. It’s the lowest the shares have traded at in over 15 years, and means that the stock has shed [...]
GSK profit falls a fifth in the third quarter October 28, 2020 Glaxosmithkline (GSK) saw profit attributable to shareholders slip nearly a fifth in the third quarter, but said it was on track to deliver on its guidance for the year. The update came after the pharma giant announced that it would provide a global coronavirus vaccine programme with 200m doses of its candidate. Over the three [...]
Blackstone earnings rise as it cashes out on investments October 28, 2020 US investment giant Blackstone reported a nine per cent rise in distributable earnings in the third quarter as it took advantage of market uncertainty and cashed out on some of its investments. Distributable earnings for the year-to-date came to $772m, up from $710m a year earlier, which translated into earnings per share of 63 cents. [...]
Our picks for a spook-tacular London Halloween October 28, 2020 Parties for Halloween in London might be off the cards this year but it doesn’t mean you can’t get into the spooky spirit this week. Here’s City A.M.’s pick of some of the best the capital has to offer. Beavertown brings Halloween to your door The north London brewery has launched a delivery service with [...]
Snakes and Ladders: Who is moving jobs in the City this week? October 28, 2020 Snakes and Ladders provides a roundup of the most important hires and job moves across the City, every Wednesday afternoon. Email citymoves@cityam.com to be featured. City firms are continuing to adapt to the challenges and opportunities presented by the pandemic as they vie to be in prime position to recover from the economic fallout of the crisis. This [...]
Soho icon Admiral Duncan amongst other pubs to stay closed until restrictions lift October 28, 2020 Iconic Soho pub The Admiral Duncan is set to remain closed until lockdown restrictions lift, it was confirmed today.
