Exclusive: Rail sees popularity boost as City travellers avoid ‘travel dead time’ Rail exclusive Rail is experiencing a boost in popularity among City and business travellers seeking to avoid so-called ‘travel dead time’. Trainline told City A.M. in an exclusive interview this evening that more than eight in ten of business travellers in the UK indicated that maintaining productivity is a major consideration. A further 44 per cent said [...]
Exclusive: City insider urges retail not to make knee-jerk cuts in ad budgets exclusive interview Recent figures show retail is feeling the effects of the cost of living crisis. Latest figures from the Office for National Statistics show a 0.5 per cent drop in spending last month, with a 1.6 per cent decrease in food sales. As a result, many businesses are under so much pressure they have no choice but to [...]
Exclusive: STV’s boss on the BBC and conquering the world as Scotland’s peaktime leader Exclusive interview The British broadcasting sector is hit by one challenge after the next. Following the rapid rise of the likes of Netflix in recent years, the next hurdle presented itself when the pandemic struck two years ago. As a result, the advertising market is under huge pressure and many national and regional broadcasters are struggling to [...]
Brazil threatens UK with WTO action over new deforestation legislation September 27, 2022 The Brazilian government has threatened to challenge proposed UK deforestation legislation at the World Trade Organisation, documents shared with City A.M. this morning reveal. The proposed legislation seeks to prevent ‘large companies’ in the UK from using products grown on illegally deforested land. When asked to disclose submissions by the Brazilian government to its consultations [...]
Russians flee en masse to escape Putin’s mobilisation with few flights out of Moscow costing £10,000 September 27, 2022 Tens of thousands of Russians are fleeing their country to escape the mass military mobilisation that is currently underway. As a result, international flights out of Moscow now cost more than £10,000 per seat for a single ticket. The Kremlin ordered last week that up to 300,000 reservists across Russia should report for duty in [...]
China in grip of debunked coup rumours as Xi Jinping house arrest reports grow with all eyes on General Li Qiaoming September 27, 2022 Social media across China and the rest of Asia continues to be in overdrive today as persistent rumours that president Xi Jinping has been removed in a coup refuse to die down. Local and regional media speculate China’s long-standing leader was removed when he was away in Samarkand while attending the recent SCO summit, on [...]
Exclusive: More and more households depend on cash sent by family abroad September 26, 2022 Cross-border payments are increasingly vital to the financial survival of families around the world. This was the case at the height of the Covid-19 crisis and continues to play be the case post-pandemic, Mastercard in London exclusively shared with City A.M. this morning. More than two years on since the start of the pandemic, the [...]
Pound and Dollar parity strongly on the cards: After today’s all-time low, is Sterling the new Lira? September 26, 2022 Sterling is getting absolutely pounded today in this week’s trading, and traders have started things exactly where they left off on Friday. The Sterling looks like an emerging market currency, especially when you look at the price of the British Pound a few months ago and compare it to where it is now. Bears are [...]
Govt defends unlimited City bonuses: ‘Finance jobs should be in London, not in New York or Paris’ September 26, 2022 The government defended its intention to lift the bankers bonus cap this morning, saying it wants to protect and attract job creation in the City and Canary Wharf, rather than other finance hubs taking over. “We want finance jobs to be here, to be in London, not in New York or Paris,” said Work and Pensions [...]
Flexible the new normal as half of ALL Londoners now hybrid workers with pandemic routine ‘here to stay’ September 26, 2022 More than half of London’s workers are spending at least one day a week at home, according to new government figures shared with City A.M. this morning. In a government survey of nearly 2000 firms in the city, 32.2 per cent said their workers were in the office one or two days a week, while [...]
