Brexit onslaught deepens as a third of all UK exporters to EU vanish due to red tape knockout September 15, 2022 The number of UK businesses exporting goods to the EU fell 33 per cent to 18,357 in 2021, from 27,321 in 2020, according to data from HMRC. Discussing the figures with City A.M., Michelle Dale, a senior manager at accountancy firm UHY Hacker Young, pointed out the fall is due to the extra red tape [...]
Jury finds London barrister guilty of raping Tinder date in 2017 September 15, 2022 A London barrister who forced himself on his Tinder date has been jailed for four years for rape. Robin Jacobs, 39, reacted angrily and shouted from the dock “I didn’t do it” after he was found guilty following a retrial at the Old Bailey on Thursday. The court heard how Jacobs told the woman to [...]
Exclusive: UK retailers should copy TfL or they miss out on advertising cash, argues City bigwig September 15, 2022 Are UK retailers missing a valuable opportunity to earn money from advertising? A City insider thinks most big brands do, as he urges the High Street’s biggest names to look at TfL and copy their model by rolling out a retail media network. So-called retail media networks are one of the hottest emerging trends in [...]
Sofa giant DFS suffers big slump in profits after ‘grim year’ amid sharp retail downturn September 15, 2022 DFS said this morning the sofa seller has suffered a big slump in profits. Moreover, the company warned that the industry is facing a downturn as soaring bills mean fewer customers are in the market for a new sofa. DFS said pre-tax profit dropped 43 per cent to £58.5m in the financial year that ended [...]
End of an era: Van Beurden leaving as Shell CEO after a decade as gas chief Sawan takes over September 15, 2022 Oil and energy giant Shell confirmed this morning that its chief executive will step down later this year after close to a decade in the top job. Ben van Beurden will hand over the reins to the company’s Canadian director of integrated gas, renewables and energy solutions, Wael Sawan. After resigning as chief executive at [...]
Nervous Kremlin faces growing efforts from all sides within Russia to topple Putin as coup rumours swell in Moscow September 14, 2022 Staunch Putin loyalist Kadyrov criticizes Kremlin on Telegram Lawmakers in St Petersburg urge parliament to prosecute Putin for treason Lawmakers in Moscow call for imminent Putin removal Tensions between Kremlin and security service FSB growing fast Social media activity in Russia in overdrive Analysts convinced Kremlin coup may be imminent ‘Siloviki’ group of former FSB [...]
City spotlight on ‘awry’ Naked Wines as shares continue to drop and strategy is reviewed September 14, 2022 Attention in the City is rapidly shifting towards Naked Wines, as a director left after only three weeks in the job, the business warned it is reviewing its plans for the next 18 months and shares tank. The online retailer’s shares dropped by around 30 per cent this morning. Naked Wines, which connects shoppers with [...]
Climate sceptic Bjorn Lomborg’s stark warning: ‘People will rebel against green policies’ September 14, 2022 Climate sceptic Bjorn Lomborg is President of the Copenhagen Consensus and Visiting Fellow at Stanford University’s Hoover Institution. Today he explains in City A.M. why green policies will simply not work. The disconnect between the global elite and the real world is growing by the day. Most people are worn down by the pandemic, food [...]
Desperate small businesses beg government for immediate help as bills spiral out of control September 14, 2022 A range of small businesses said this morning that their energy bills have more than doubled in the past three months alone. Firms are therefore eagerly looking to next week’s expected mini budget for help with soaring bills despite the slight easing in inflation. Lesley So, founder of Derby-based eco-friendly drinks manufacturer So Good Kombucha, [...]
Wave of optimism and excitement across Ukraine as Russian Army suffers defeat after defeat in dozens of villages September 13, 2022 The sombre mood that has dominated Ukraine since the start of the Russian invasion, at the beginning of February, is rapidly making way for a wave of optimism and excitement after days of successes by the country’s army. Reports yesterday from the Ukrainian military stated that home forces successfully freed more than 20 settlements in [...]
