Silver linings: How IBM’s reinvention highlights the rise of the cloud October 9, 2020 International Business Machines (IBM) shares rose almost six per cent yesterday after the tech firm announced plans to split its business into two public companies. IBM, which is one of the world’s oldest computer companies, will spin off its legacy IT infrastructure business by the end of next year and double down its efforts on [...]
Marston’s and Carlsberg get green light for £780m brewing JV October 9, 2020 Brewers Marston’s and Carlsberg have been given the go-ahead to complete a £780m joint venture after a Competition and Markets Authority (CMA) investigation. Shares in London-listed Marston’s rose 16.7 per cent as markets cheered the decision. The UK’s competition watchdog said that as the two firms had different areas of focus, competition between the two [...]
Tracing app has sent just one alert about an outbreak in a venue October 9, 2020 The contact-tracing app for England and Wales has reportedly sent only one alert about an outbreak of coronavirus in a venue since its launch two weeks ago. The tracing app, which has been downloaded 16 million times, tells users whether or not they’ve been near someone who has tested positive for coronavirus. Its QR code [...]
Breaking: Nobel Peace Prize goes to World Food Programme October 9, 2020 The 2020 Nobel Peace Prize has been awarded to the World Food Programme. The UN programme was awarded the prize at a ceremony in Oslo today, with chairman of the Norwegian Nobel committee Berit Reiss-Anderson crediting the body with ensuring food can not be used as a weapon of war. Read more: Sign up to [...]
Stagecoach sees bus revenues at 60 per cent of pre-pandemic levels October 9, 2020 Bus operator Stagecoach said that revenue on its regional bus services had recovered to up to 60 per cent of pre-pandemic levels. However, due to the continued uncertainty over new coronavirus restrictions in the UK, it said that its full year outlook was unchanged from June. The announcement sent shares down four per cent in [...]
British Land shares rise as it restarts dividend payments October 9, 2020 Shares in property development company British Land climbed 3.9 per cent after it announced it would resume paying its dividend, saying footfall at its retail parks was ahead of the wider market. The shopping centre and office-owner intends to pay dividends twice a year, in February and August. It previously paid them quarterly but suspended [...]
Betfair: Why the 2020 election is most like Obama’s win in 2008 October 9, 2020 Joe Biden is trading around his lowest odds yet to win the 2020 US election following a sustained gamble. Going into the first debate, he and Donald Trump’s respective chances implied by Betfair Exchange odds stood at 56 per cent to 44%. Today they are 65 per cent and 35 per cent. A great deal, of course, has [...]
adidas open new flagship Originals store in Soho October 9, 2020 Adidas today open the doors to a new flagship store on Carnaby Street in what bosses at the iconic brand describe as a commitment to the capital. The store houses the most exclusive adidas Originals products as well as featuring a host of artworks from many of London’s most talked about young artists. City A.M. [...]
Exclusive: London film firm secures Hollywood backing for animated blockbuster October 9, 2020 A London-based film company has secured backing from two major Hollywood names to produce one of the largest UK-financed feature films in recent years. Film and TV financing group GCI Film has pumped $37.5m (£29m) into Ozi, an animated environmental film telling the story of the ongoing destruction of the Sumatran rainforest in Indonesia. City [...]
Coronavirus recovery stalls as UK economy grows just 2.1 per cent in August October 9, 2020 The UK economy grew at just 2.1 per cent in August as the country’s economic recovery showed signs of stalling. Although the figure marked the fourth straight month of growth, it was considerably lower than had been expected. As a result, GDP remains 9.2 per cent lower than it was before the pandemic struck in [...]
