Ferrovial in new attempt to offload Amey February 2, 2021 Spanish infrastructure firm Ferrovial has getting ready for a second attempt at a sale of outsourcing firm Amey. Sky News reported that the firm had appointed Morgan Stanley to run the sale, which comes two years after a prior attempt to sell the services group. The company is one of the UK’s biggest outsourcing firms, [...]
Revealed: The London bus drivers ‘abandoned’ to the pandemic February 2, 2021 London bus drivers have told City A.M. they were “abandoned” by their employers and unions alike and forced to fend for themselves as the coronavirus pandemic swept across the UK. Speaking on condition of anonymity, a number of drivers revealed to City A.M. the personal risks to which they have been exposed while keeping essential [...]
UK fishermen to be hit with permanent ban on selling shellfish to EU February 2, 2021 The UK’s fishermen have been warned they face a permanent ban of selling some types of shellfish to the EU as they no longer conform to the bloc’s safety standards. The post-Brexit ban is set to include oysters, mussels, scallops, cockles and clams. It comes after thousands of tonnes of British shellfish has been unable [...]
Global business travel to grow a fifth this year February 2, 2021 Global business travel spending will begin to recover this year but will not return to pre-pandemic levels until the middle of the decade. According to the Global Business Travel Association (GBTA), spending will increase 21 per cent this year to $842bn (£615bn). The increase comes after spending fell more than half in 2020 due to the pandemic. The [...]
University students to receive share of £50m funding amid Covid disruption to teaching February 2, 2021 Universities are set to receive an additional £50m to support financially struggling students amid mounting backlash over continuing fees during the pandemic. The new funding, which comes on top of a £20m package offered to disadvantaged students in December, follows a slew of rent strikes and protests from students. Many have asked for rent on [...]
UK betting giant Entain takes punt on Tabcorp as it eyes up Australian market February 2, 2021 Ladbrokes owner Entain has today announced that it has made an offer for betting firm Tabcorp Holdings’ wagering and media business. The non-binding indicative offer signals a desire from Entain to expand its services in Australia by becoming the country’s biggest betting company owner. Entain already has a small presence in the Australian betting market [...]
Woolard review: FCA cracks down on £2.7bn buy-now-pay-later market February 2, 2021 Interest-free buy-now-pay-later credit agreements will be regulated by the City watchdog after the market swelled to £2.7bn last year. The plans, drawn up by the Financial Conduct Authority (FCA), have been designed to protect consumers, after the use of buy-now-pay-later (BNPL) transactions tripled in 2020, as shoppers looked for ways to spread their money further [...]
How Tampa went from fast food badland to supercool trailblazer February 2, 2021 To tide us over until we’re able to travel again, we’re republishing classic travel stories from our archives. This week we revisit Ashwin Bhandari’s trip to Tampa to see a food scene revolutionised by a new generation of chefs. ••• On a Friday night in Seminole Heights, The Refinery restaurant is buzzing. Every seat is [...]
Regulation must deliver transparency and protection for BNPL consumers February 2, 2021 In 2020 UK consumers reduced their collective credit card bill by £10bn, the largest annual reduction since records began. At the same time debit card usage increased sharply as consumers, locked down at home, adopted online shopping in huge numbers. The shift to debit cards has been happening for many years across countries. Millennials, in [...]
Property chiefs: Lockdown and end of stamp duty holiday push down house prices February 2, 2021 The most recent drop in house prices is primarily caused by the soon-to-end stamp duty holiday, combined with the UK’s third national lockdown, property professionals told City A.M. this morning. According to new figures, published by Nationwide earlier this morning, January saw property prices fall for the first time in six months as the end [...]
