London Sports Festival moves from 3×3 basketball success to pickleball at the City of London Corporation’s Guildhall Yard
Instagram vows to tackle hidden celebrity ads after watchdog probe October 16, 2020 Instagram has pledged to do more to prevent hidden advertising on its website and app amid concerns that influencers are failing to make it clear when they have been paid to promote products. The Competition and Markets Authority (CMA) launched an investigation into Instagram over its failure to tackle the problem of hidden advertising. Facebook, [...]
Finnish Prime Minister leaves EU summit as a ‘precautionary measure’ October 16, 2020 Finnish Prime Minister Sanna Marin announced this morning she was leaving the EU summit in Brussels to fly back to Finland as a “precautionary measure,” after one of her colleagues tested positive for COVID-19. Marin shared her departure on Twitter, and has asked Swedish Prime Minister Stefan Löfven to represent Helsinki’s views during the EU [...]
Boardrooms and ethnic diversity: finally, momentum? October 16, 2020 Britain’s largest companies’ progress towards having more ethnically diverse management has been sluggish. But are things about to speed up? The Confederation of British Industry (CBI) began the month by revealing plans for a campaign aimed at boosting racial and ethnic participation in senior leadership. Alongside companies including Aviva and Microsoft, the CBI is preparing [...]
Technically speaking: a data analysis of Uniswap October 16, 2020 The biggest crypto craze of the moment is decentralised finance, and the most popular decentralised exchange is Uniswap. The Novum Insights analyst team has pulled together data on the most active of the 14652 trading pairs on Uniswap and it has been a rollercoaster ride as to where volume is. The sector has lured in [...]
John Lewis unveils five-year plan to return to profit October 16, 2020 John Lewis Partnership has set out plans to return to profit, with a £1bn investment in boosting its online business and a focus on expanding its non-retail offering. The firm this morning said it is aiming to report £400m in profit by the end of the five-year transformation plan. The department store chain, which also [...]
London fintechs secure billions from US investors despite virus and Brexit uncertainty October 16, 2020 London fintechs have secured $3.6bn in venture capital investment this year with more than half coming from US investors. Fintechs received $2.2bn, more than 60 per cent of overall investment, through funding rounds with at least one US investor, according to data from Dealroom and London & Partners. It is nearly double the US funding [...]
Pret axes 400 jobs amid further store closures October 16, 2020 Pret A Manger will cut 400 jobs and close a further six stores in London due to the second wave of the coronavirus pandemic in the UK. The struggling sandwich chain said the sales growth it had seen since April had slowed from September as Covid-19 injection rates began to rise. Pret declined to specify [...]
Exclusive: Google buys land for potential UK data centre October 16, 2020 Google has purchased a plot of land north of London which could house the Silicon Valley giant’s first data centre in the United Kingdom. The firm’s data centres house thousands of servers and drives, and provide the infrastructure for Google’s services across the world. City A.M. understands that the plot, in Broxbourne in Hertfordshire, would [...]
Screenshot – City A.M.’s new weekly TMT column October 16, 2020 This new weekly column brings you all the biggest stories and trends in technology, media and telecoms This week: ** Media Moment of the Week: Piers Morgan makes a confession ** The OECD, Amazon and a terrible week for tech tax ** All streamed up: What’s next for Netflix? Media Moment of the Week “I [...]
Murdoch’s TV plans mature as News UK searches for more big names October 16, 2020 Rupert Murdoch’s plans to regain a footing in the British TV market have stepped up a gear as his media empire circles some of the biggest names in broadcasting to front its new channel. Alan Sugar and Piers Morgan are among the stars that have been approached by News UK over the new venture, the [...]
