Hollywood Bowl taps investors for £30m to expand in UK March 12, 2021 Hollywood Bowl has successfully tapped investors for £30m, which it will use to invest in its chain of UK bowling alleys. The leisure firm this morning completed a share placing to raise the cash ahead of its reopening date. Hollywood Bowl will use the proceeds of the raise to invest in its new centre pipeline, [...]
John Lewis to close more stores in places ‘where people aren’t going’ after it lost £517m in 2020 March 12, 2021 John Lewis to close more stores in places 'where people aren't going' after it lost £517m in 2020
Burberry shares jump as fashion brand expects to beat profit and revenue forecasts March 12, 2021 Burberry’s share price jumped this morning after the British fashion brand announced revenue and profit are expected to beat previous forecasts. The luxury goods giant said there had been a strong rebound in trading since December and store retail sales in the fourth quarter of the financial year will be between 28 to 32 per [...]
EP: 43 Sandown & Hong Kong March 12, 2021 Only a few more days before the start of this year’s Cheltenham Festival. A new episode of The Punter Podcast will be available EVERY day of the Festival, starting on Monday, so please make sure you join us for four days of top class racing. Today, City A.M. racing editor Bill Esdaile previews Saturday’s card [...]
Best of travel: Explore the highlands by plane with The Carnegie Club March 12, 2021 The private plane I’m boarding at South London’s Biggin Hill would be ideal for anyone who owns a desert island or alpine ski lodge. It’s a multi-talented Pilatus PC-12 NG. My destination is closer to home but even more exclusive: The Carnegie Club at Scotland’s Skibo Castle. My pilot, Edwin Brenninkmeyer, who is also Pilatus’s [...]
Tecent, Baidu and SoftBank fined in China for monopolistic behaviour in fintech crackdown March 12, 2021 China’s market regulator said today it has fined 12 companies $77,000 each for flouting anti-monopoly rules. Concerning ten deals in particular, companies including Tencent Holdings, Baidu Inc, Softbank and a ByteDance-backed firm, were fined for behaviour that caused market concentration, the State Administration for Market Regulation (SAMR) said. The companies’ actions did not completely exclude [...]
NFT market reaches zenith with artist Beeple selling piece at Christie’s for $69m March 12, 2021 NFT market reaches zenith with Beeple selling piece at Christie’s for $69m while crypto today looks very different to this time last year.
City Spirits: Raising a toast to the Queen Mother March 12, 2021 We all know our favourite mum – it’s our own. But for those partial to a tipple, another is worth a mention as we look forward to Mother’s Day this Sunday – the much-missed Queen Mother. Elizabeth Angela Marguerite Bowes-Lyon was no shrinking violet, in her youth or otherwise. Indeed, stuck inside as we all [...]
Public’s inflation outlook holds at four-year low March 12, 2021 The public’s expectations for inflation over the next 12 months has held at their lowest level in more than four years, in sharp contrast to a recent rise in market expectations, Bank of England data has revealed. Average expectations for inflation over the next 12 months remained at 2.7 per cent – the joint-lowest reading since August 2016 alongside [...]
Natwest winds down online lending platform Esme March 12, 2021 Natwest’s foray into the fintech world has come to an abrupt end with the closure of its standalone SME lending platform Esme Loans. Esme launched in 2017 offering loans between £5,000 and £150,000 for small business customers. The terms were usually between between one and five years and backed by personal guarantees. Now the platform [...]
