H&M, Amazon and Boohoo among retailers to be quizzed by MPs over Uyghur slave labour links October 16, 2020 The bosses of retail giants including H&M, Amazon and Boohoo have been summoned to give evidence to a committee of MPs investigating the use of slave labour in the supply chains of UK companies. The Business, Energy and Industrial Strategy (Beis) committee is probing the extent to which businesses in the UK are exploiting the [...]
FTSE 100 and US stocks climb as investor fears ease October 16, 2020 The FTSE 100 rebounded as investors returned to risk assets, having dumped them yesterday amid worries over new coronavirus restrictions, while US stocks rose on vaccine hopes and upbeat retail sales data. London’s main stock index climbed 1.7 per cent in afternoon trading to stand at 5,929 points. That followed a 1.7 per cent tumble [...]
Pfizer: no emergency approval for Covid-19 vaccine until after US election October 16, 2020 US-based pharmaceutical giant Pfizer said today that the earliest it plans to file for authorisation for its Covid-19 vaccine would be the third week of November. Pfizer CEO Albert Bourla said in an open letter that filing depended on when data on the effectiveness of the vaccine would be available. Bourla said this data could [...]
Back to Business: How East London baker Lily Vanilli changed direction to cope with covid October 16, 2020 Who are you and what do you do? I’m Lily Jones from Lily Vanilli, a baker and cake decorator based in East London. I have a weekend cafe on Columbia Road and make creative cakes and pastries to order for home delivery, weddings and events, as well as consulting for other brands and businesses. How [...]
The Friday Interview: Pizza and a pint with Homeslice’s Mark Wogan October 16, 2020 City A.M.’s Deputy Editor speaks to Homeslice’s Mark Wogan for the latest in his series of interviews with the capital’s hospitality entrepreneurs As combinations go, it’s hard to beat a slice of pizza and a cold beer. City A.M. certainly thinks so, so on this rainy Friday afternoon in Shoreditch it’s a delight to sit [...]
London lockdown: 200,000 hospitality workers to lose jobs this weekend, industry body warns October 16, 2020 About 200,000 hospitality workers in central London will lose their jobs this weekend as tier 2 coronavirus lockdown restrictions are imposed, the industry body’s chief executive has warned. UK Hospitality chief executive Kate Nicholls said the tier 2 lockdown, which prohibits people from separate households from mixing, is a “maximum squeeze on revenue with no [...]
Over the Moon film review: This family Netflix animation has heart and colour October 16, 2020 Netflix looks to get in on the booming appetite for family content with this whimsical animated trip to space. Cathy Ang voices Fei Fei, a young Chinese girl fascinated by science, as well as the stories of the Moon goddess Change’e (Phillipa Soo) told to her by her mother (Ruthie Ann Miles). When her mother [...]
Pound swings wildly after Boris Johnson steps up no-deal rhetoric October 16, 2020 The pound swung wildly and gave up its gains after Prime Minister Boris Johnson said the UK should prepare for a no-deal Brexit, amid mixed signals from the negotiating process. Sterling was trading as much as 0.3 per cent higher when Johnson started speaking. It then dropped, rose slightly, and fell again to last stand [...]
Is irrational exuberance skewing US election betting? October 16, 2020 It has been an extraordinary week on Betfair’s US election markets. An average of £3million traded per day, amounting to around 15% of the total matched since November 2016. That sharp rise in volume triggered two of the most rapid and substantial market moves seen all year – one for each candidate. By the end, [...]
Rebecca film review: Ben Wheatley directs Lily James and Armie Hammer but is too in thrall to Hitchcock October 16, 2020 In a peculiar turn of events, Netflix has become the saviour of cinema. The streaming giant has become the highest profile pipeline for cinemas during this unprecedented fallow period. Once seen as the death knell for the picture house, the company’s decision to give its Original Movies a brief theatrical run now provides cinemas with [...]
