Ericsson boosted by margin growth as China 5G tensions mount October 21, 2020 Ericsson today reported better-than-expected earnings for the third quarter as higher margins and the rollout of 5G in China helped boost trading. Shares in the Swedish telecoms group were up more than seven per cent today as its strategy of improving profitability saw gross margins hit their highest level in 14 years. Adjusted revenue grew [...]
BoE deputy says the ‘time is not right’ for negative interest rates October 21, 2020 High levels of economic uncertainty and a bruised banking system mean now is not the time to experiment with negative interest rates, a deputy governor of the Bank of England has said. Sir Dave Ramsden today struck a more cautious tone on the novel monetary policy than his colleague Gertjan Vlieghe did yesterday. Vlieghe said [...]
Ready to order? Business lunches may be exempt from new Tier 2 restrictions October 21, 2020 City restaurants are preparing to allow business lunches to resume after legal advice suggested work meetings are allowed at hospitality venues under an exemption to Tier 2 restrictions. The rules, which came into effect last weekend, mean people cannot mix with another household in pubs or restaurants. The hospitality sector has already warned that a [...]
BoE deputy says the ‘time is not right’ for negative interest rates : CityAM October 21, 2020 High levels of economic uncertainty and a bruised banking system mean now is not the time to experiment with negative interest rates, a deputy governor of the Bank of England has said.Sir Dave Ramsden today struck a more cautious tone on the novel monetary policy than his colleague Gertjan Vlieghe did yesterday. Vlieghe said he [...]
Startup community Supernode merges with VC fund to invest in media-tech October 21, 2020 Investor and startup community Supernode has absorbed media-tech VC fund Rooks Nest Ventures in what it claims is an industry first. The creation of Supernode Global comes out of the £28m Rooks Nest Ventures fund, launched in 2017 by film producer Michael Sackler, and the community platform Supernode. The new venture will offer access to [...]
Tiktok expands hate speech policy as watchdog launches crackdown October 21, 2020 Tiktok has vowed to do more to remove harmful content as the media watchdog launches a crackdown on video-sharing platforms. In a blog post published today, the viral video app said it was expanding its policy to take into account coded language and symbols used to spread hateful ideologies. Tiktok already removes content related to [...]
Number of Tube journeys rises again ahead of Tier 2 restrictions October 21, 2020 The number of Tube journeys rose again last week despite the announcement of harsher restrictions on the capital, new data from Transport for London (TfL) has shown. Although London was moved into Tier 2 restrictions from midnight on Friday, there was no sign of a drop off in travel ahead of the new coronavirus limitations [...]
Live music industry warns of 170,000 job losses by end of year October 21, 2020 The UK’s live music industry has warned it will suffer 170,000 job losses before the end of the year if the government fails to offer further support. LIVE, which represents the sector, said the country’s live music workforce was facing a “cliff edge” as the furlough scheme comes to an end at the end of [...]
The Maserati Levante S is the closest you’ll get to a Ferrari SUV… for now October 21, 2020 The 430hp Maserati Levante S is a large SUV powered by a cut-down Ferrari engine. Does it retain some Maranello magic?
Snakes and Ladders: Who is moving jobs in the City this week? October 21, 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 [...]
