Exclusive: London food hall Mercato Metropolitano to raise £5m to fund international expansion January 28, 2021 London street food market Mercato Metropolitano is aiming to raise up to £5m in a funding round in the coming months. The firm, which this week announced it will open three new sites in the capital in 2021, will raise capital in the second quarter after its plans were delayed due to coronavirus. City A.M. [...]
Twist review – Sky’s Dickens update is not so Artful January 28, 2021 Like Dracula and Sherlock Holmes, Oliver Twist is a character that seems to have been reimagined a number of ways over the years on the big screen. As well as the standard dramatisations of Dickens’ classic, there’s the beloved 60s musical Oliver!; animated hit Oliver & Company; and, er, a version set in the New [...]
Iron Man star Robert Downey Jr. launches sustainable venture fund January 28, 2021 Iron Man star Robert Downey Jr. is launching a rolling venture fund focused on investing in sustainable technology.
Prudential share price tumbles nine per cent on Jackson demerger plan January 28, 2021 The share price of insurer Prudential fell eight per cent today following news it would split off its US business through a demerger. Following pressure from activist investor Third Point, Prudential agreed to split off its US business Jackson through a demerger that could raise between $2.5 and $3bn in new equity. In response Prudential’s [...]
Paperchase secures future of 90 high street stores – but 37 set to close January 28, 2021 Paperchase has secured a deal to rescue the majority of its high street stores, saving 1,000 jobs, but 37 shops are set to close following the sale. The stationery retail chain announced it appointed administrators this morning and was bought by Aspen Phoenix Newco. Funds managed by Permira Debt Managers are the majority stakeholders in [...]
Sky owner Comcast beats revenue forecasts on broadband and streaming boost January 28, 2021 The US owner of Sky, Comcast, has posted better-than-expected revenues as broadband sales offset its losses from closed themeparks and empty cinemas
Shaun Bailey campaign in strife as team is whittled down to one press officer January 28, 2021 Shaun Bailey’s mayor of London campaign has been plunged into turmoil, with Conservative party headquarters withdrawing funding for his highly regarded press team. City A.M. understands that the Bailey team is now operating with just one junior press officer and is set to significantly reduce its online campaigning efforts. The mayoral election, which pits [...]
Tech training top of the agenda for UK businesses January 28, 2021 UK businesses are prioritising digital transformation amid the pandemic with tech training coming top of the agenda. The pandemic has seen a rapid uptake in digital adoption as consumers are forced to shop online and businesses are being forced to adapt. An overwhelming majority of large firms have said the pandemic has prompted them to [...]
SNP MP admits to travelling 170 miles out of constituency, twice January 28, 2021 An SNP MP has been caught travelling 340 miles during two trips from his second home to his constituency, just days after writing against privileged Covid rule ‘flounters’. East Lothian MP Kenny MacAskill confirmed he has been staying at his second home in Banffshire, 170 miles away from his constituency. With a house in Banffshire [...]
Govt will no longer review workers’ rights post-Brexit, minister says January 28, 2021 A planned review into UK workers’ rights has been halted, with business minister Kwasi Kwarteng saying the government is not looking to dilute employment protections post-Brexit. Last week, Kwarteng rejected rumours that he was planning to end the 48-hour working week, wanted to amend rules around rest breaks, and would exclude overtime pay when calculating [...]
