Omicron onslaught: Wave of bankruptcies as insolvencies climb with voluntary liquidations up by 73 per cent January 18, 2022 The latest monthly insolvency statistics, published this morning by The Insolvency Service for the month of December 2021, show that the number of registered company insolvencies in England and Wales is 33 per cent higher than the number registered than two years ago, just before the pandemic. These rises were particularly influenced by the higher [...]
Mayor Sadiq Khan declares war on London’s car drivers as he plans to charge motorists by the mile January 18, 2022 Mayor Sadiq Khan has said London needs to charge motorists by the mile to hit climate change targets. Khan wants road pricing to be implemented to encourage people who drive petrol or diesel cars in the capital to switch to public transport, walking, cycling or electric vehicles “where necessary”. The Labour mayor said he is [...]
Trade with Ireland takes a £3bn Brexit hit as UK exports drop by more than a fifth in less than a year January 18, 2022 Exports from the UK to the Republic of Ireland crashed by more than a fifth since Brexit, according to new figures coming from Dublin. Numbers published by Ireland’s Central Statistics Office (CSO) show that the value of goods imports from Great Britain fell by almost £3bn from January to November last year. The drop in [...]
Plenty of life left in Andy Murray as he flies past Nikoloz Basilashvili in five sets at Australian Open January 18, 2022 Andy Murray has defeated Nikoloz Basilashvili in five sets to reach the second round of the Australian Open. The victory showed there is plenty of life in Murray yet as he returned to the court where he was virtually retired three years ago and The great and the good of tennis were hastily gathered together [...]
No need to scan: Aldi’s first check-out free store opens in Greenwich with cameras and tech tracking customers’ moves January 18, 2022 Supermarket chain Aldi has opened its first checkout-free store in London. The Aldi Shop&Go concept store in Greenwich opened at 7am this morning for public testing, having been tested by Aldi colleagues in recent months. The new trial store, which is situated on Greenwich High Street, allows customers to complete their shop without scanning a single product, or having [...]
Omicron in full retreat across UK: Steep drop in new coronavirus cases indicates Covid wave is passing January 17, 2022 The week has started on a positive note as the continued drop in new Covid cases across the UK indicates the Omicron wave may well be turning around. The latest data shows a 38 per cent drop over the last seven days across the UK in the numbers testing positive for Covid-19, with 70,160 new [...]
Sweat is weakness leaving the body: Europe’s highest gym launches in City’s new 22 Bishopsgate skyscraper January 17, 2022 Europe’s highest gym will soon be in the Square Mile as fitness operator BXR London told City A.M. this afternoon it is moving in on the 25th floor inside the new 22 Bishopsgate tower. The BXR City branch will also contain one of the highest climbing walls in the world when it will open next [...]
Not so green after all: Hardly any Brit plans to stick to climate goals in 2022 January 17, 2022 Less than one in ten people in the UK are likely to keep resolutions around making positive climate decisions in 2022, according to new research shared with City A.M. today. Even fewer consumers said they are aspiring to live more sustainably this year, favouring resolutions around becoming healthier and fitter instead, according to the founder [...]
U-turn: Amazon says it will NOT block UK Visa credit cards from Wednesday in last minute deal January 17, 2022 Amazon just said it will no longer block UK Visa Credit cards from Wednesday, as the e-com giant initially planned to do. Under a last minute deal, UK-issued cards will still be allowed to carry payments, the company said. Amazon said it is “in talks” with Visa to reach an agreement. ‘Applying pressure’ Responding to [...]
Unilever share price dives 7 per cent as £50bn battle for GlaxoSmithKline’s consumer business begins in earnest January 17, 2022 The main City story this morning is the £50bn bid by Unilever for GlaxoSmithKline’s consumer healthcare business, of which it owns a 68 per cent stake along with Pfizer, which Glaxo said it had rejected. “No doubt in the hope that Unilever will come back with a higher offer, with the sum of £60bn being [...]
