Ashley set to enter bidding war for Jaeger October 25, 2020 Controversial High Street titan Mike Ashley is readying a bid for struggling retailer Jaeger, reports emerged today. Ashley’s Frasers Group, one known as Sports Direct, is understood to be interested in adding Austin Reed, Jacques Vert and Jaeger to his expanding portfolio. The news was first reported by the Sunday Times. Read more: Ashley plots [...]
Shell mulls former BHP chief as new chairman October 25, 2020 Former BHP Billiton boss Sir Andrew Mackenzie is in pole position to become the next chairman of Shell, reports emerged today. Mackenzie joined the Shell board this month as a non-executive director but is expected to move into the chair soon to be vacated by Charles Holliday. The Sunday Telegraph first reported the news. The [...]
Astrazeneca and Johnson & Johnson to restart US Covid-19 vaccine trials October 24, 2020 Regulators have given Astrazeneca the green light to resume its US trial of a Covid-19 vaccine, while Johnson & Johnson is preparing to restart next week. Astrazeneca paused its trial on 6 September after reports of a neurological illness, believed to be transverse myelitis, in a participant in the pharmaceutical giant’s UK trial. J&J halted [...]
Anti-lockdown protest: Thousands march in central London October 24, 2020 Thousands of protesters are marching in central London this afternoon over coronavirus lockdown restrictions. The anti-lockdown protest will be the fourth to take place in the capital since the start of the pandemic. London has recently moved into Tier 2 restrictions, which bans people from socialising indoors with people they do not live with. Photos [...]
Ant Group listing to be ‘world’s biggest’, Alibaba founder says October 24, 2020 The dual listing for Chinese fintech giant Ant Group will be the world’s biggest, Jack Ma, the billionaire founder of Alibaba, said. “It’s the first time that the pricing of such a big listing – the largest in human history – has been determined outside New York City” he told the Bund Summit in the [...]
Banks hike mortgage interest rates amid boom in applicants October 24, 2020 Banks are reportedly hiking mortgage interest rates in order to deter prospective buyers as they struggle to meet a spike in demand for home loans amid a buoyant housing market. Lenders are turning away mortgage business as the ability to process applications has been slowed by home-working during the coronavirus pandemic. The housing market has [...]
US Covid-19 cases hit record daily high October 24, 2020 Confirmed cases of coronavirus in the US have reached a record daily high, according to reports. More than 84,000 people were diagnosed with Covid-19 across the US on Friday, according to a Reuters tally. The surge was a record one-day increase in infections during the pandemic as the spread of the virus picks up pace [...]
Exclusive: Just 16 per cent of firms trust government on Brexit, according to poll October 24, 2020 Only 16 per cent of UK businesses trust the government to manage Brexit effectively, according to polling shared exclusively with City A.M. Just over 40 per cent of firms said the coronavirus pandemic had derailed their Brexit planning, the polling commissioned by logistics firm One World Express showed. The UK and EU gave themselves less [...]
Energy boss turns boat entrepreneur in luxury launch October 23, 2020 We may be staring into the face of a recession but that hasn’t stopped one entrepreneur from making a splash this winter, bringing a range of luxury speedboats to the UK. Dr Karen Dickens has launched Comitti Boats UK & Caribbean, bringing these high-end Italian motor boats to a British audience for the first time. [...]
Westminster City Council scraps plans to charge for pavement space October 23, 2020 Westminster City Council has scrapped plans to charge hospitality firms thousands of pounds to keep trading outside through the coming months. Earlier today City A.M. revealed that the Council was set to charge businesses £7 per square metre of outside space, per day, once the existing ‘al fresco’ scheme comes to an end on October [...]
