Stagecoach workers plan strike action amid pay dispute October 1, 2021 Britain’s transport union has confirmed Stagecoach bus drivers will go on strike later this month amid a dispute over pay. The national union of transport workers, RMT, today confirmed it is serving notice for strike action on Stagecoach buses in the South West, East Midlands, Derbyshire and Yorkshire. The strike, which will take place on [...]
Wetherspoons blames ‘draconian’ Covid rules for poor financial performance October 1, 2021 J.D. Wetherspoon defended a poor financial performance saying pubs had faced an “impossible burden” during the pandemic Revenue from sales tumbled by -38.4 per cent to £772.6m, the lowest level since 2003, and the company made a record loss of £154.6m after tax. Investors were hit hard, with losses per share jumping by 256 per [...]
Crypto Summit LIVE: Updates from the heart of the City September 30, 2021 Day 2 Yesterday, we were treated to keynote talks from Lord Chris Homes MBE, member of the House of Lords, Marcus Hughes of Coinbase and Alderman William Russell, Lord Mayor of The City of London and more! The day was topped off with an awards ceremony held at St Leonardo’s hotel in London. Closing thoughts [...]
Exclusive: MELD to launch gold-backed stablecoin on Cardano network September 30, 2021 MELD has announced plans to launch a gold-backed stablecoin on the Cardano network as part of plans to democratise access to crypto. On day two of the City AM crypto summit, chairman Ken Olling announced a three-way partnership with African agri-fintech Tingo International Holdings, and Ubuntu Tribe – an ethical firm which tokenises natural resources. [...]
Global regulation needed for crypto to reach its full potential – Lord Holmes September 29, 2021 Representatives from the UK’s House of Lords, Binance and top lawyers are divided over the direction of crypto regulation. At City A.M.’s crypto summit today Lord Holmes, who founded the first parliamentary group on FinTech in 2016, called on governments worldwide to collaborate on regulation. He warned that global agreement on crypto trading rules is [...]
Summit Live: Crypto is the ‘rock and roll’ of this generation September 29, 2021 Digital assets are here to stay according to expert panelists at City A.M.’s summit who dubbed crypto the ‘rock and roll’ of this generation. At a panel discussion chaired by tech journalist Monty Munford speakers were emphatic that young people will be at the forefront of crypto adoption going forwards. A staggering 20 per cent [...]
Franco Manca operator Fulham Shore beats expectations in H1 2021 September 29, 2021 The operator of Franco Manca and The Real Greek beat expectations for the first half of 2021 despite the challenge of ongoing Covid restrictions. The restaurant operator faced tough conditions during the first half of the financial year, which began on 29 March 2021 during the UK’s third COVID-19 lockdown, and was forced to trade [...]
Go-Ahead shares plummet after company hid £25m of taxpayer funding September 29, 2021 Go-Ahead group shares fell by 24.93 per cent after it was revealed that the Southeastern train operator had hidden taxpayer funding from the Treasury. The government has announced it will take control of the Southeastern rail contract after the transport company admitted financial errors and repaid £25m of historic taxpayer funding which should have been [...]
Ethereum developer pleads guilty to helping North Korea evade sanctions September 28, 2021 Ethereum developer Virgil Griffith has pled guilty to conspiracy charges after helping North Korea to evade US sanctions using crypto payments. Griffith yesterday admitted to conspiracy to violate the International Emergency Economic Powers Act by helping North Korea to set up crypto payment infrastructure. The software expert was arrested in 2019 after speaking at the [...]
Joe Rogan labels NFTs a ‘cryptocurrency hustle’ September 28, 2021 US sports commentator and social media personality Joe Rogan called NFTs a “cryptocurrency hustle” in recent comments on his podcast. When asked whether he would buy an NFT by guest Patrick Bet-David, an entrepreneur, Rogan said he was “not interested.” He continued by saying, “It’s a weird hustle, I think it’s like a crypto currency [...]
