Entain gaming revenue grows against lockdown boom October 12, 2021 Net gaming revenue grew four per cent at sports betting group Entain in its third quarter, marking growth despite the explosion of gaming last year. Online gaming revenue jumped 10 per cent in the three months to 30 September, against a period of high growth in 2020 when global lockdowns amid the pandemic spurred a [...]
Unemployment drops by 0.4 per cent to 4.5 per cent October 12, 2021 The number of UK workers on payrolls rose by 207,000 between August and September to a record 29.2m, returning to levels seen before the pandemic struck, the Office for National Statistics (ONS) said. The unemployment rate in the UK shrank 0.4 per cent to 4.5 per cent. Though unemployment fell, the number of job vacancies [...]
City Moves: Who’s switching jobs in the Square Mile today? October 12, 2021 City A.M.’s Millie Turner provides a roundup of the most important hires and job moves across the City, every morning. Email citymoves@cityam.com to be featured. Marshmallow Digital insurance unicorn Marshmallow has appointed its first Chief People Officer (CPO) just weeks after it a secured a $1.25bn valuation. Caroline Gillard, who joined in September, brings 20 years of experience in HR to the [...]
Grid investments coming up short risks freezing the UK’s renewables transition October 11, 2021 The conditions are ripe for growth in the UK’s renewable sector as COP26 fast approaches, though a lack of investment could hamper the country’s goals. As policy paves the way for fresh investment and new tech, the renewables sector continues to battle bottlenecks – which could require a doubling of investment over the next 10 [...]
UK-listed firms are most likely to pledge net zero targets, but few will reach them October 11, 2021 UK-listed firms are the most likely to have set a net zero target for their emissions output than their European counterparts, according to a new report. Though just five per cent across the continent are on track to meet their targets. The study, by consulting and outsourcing giant Accenture, found that less fossil-fuel reliant industries [...]
Government cuts deal with CF Fertilisers to ensure industries have ensured CO2 supply October 11, 2021 The government has cut a deal with carbon dioxide (CO2) producer CF Fertilisers to ensure industries have an ensured supply of the gas. CF Fertilisers, which producers some 60 per cent of the UK’s commercial CO2, has agreed a price with suppliers to “enable it to continue operating while global gas prices remain high, drawing [...]
Whitehall: Climate activists block roads with oil-stained statue of Boris Johnson October 11, 2021 Climate activists have taken on Whitehall today by blocking the road outside Downing Street with a statue of Boris Johnson stained with oil. The protestors, from environmental group Greenpeace, have chained themselves to fake oil barrels in a bid to halt traffic. The Metropolitan police are in attendance, according to the Metro, who have warned [...]
Less than half of Brits think the UK will achieve net zero by 2050 October 11, 2021 Less than half of Brits think the UK will achieve its emissions target of net zero by 2050, according to a new report shared with City A.M. today. The report, by market intelligence firm Savanta, revealed that 42 per cent of the UK think the government’s pledge is ‘likely’, while 46 per cent think it [...]
Sadiq Khan: Making misogyny a hate crime could change police culture October 11, 2021 Making misogyny a hate crime could force a change of culture within police services and the criminal justice service, London mayor Sadiq Khan said this morning. It comes as a Freedom of Information Request revealed that at least 750 accusations of sexual misconduct were made against police officers across the UK between 2016 and 2020, [...]
Weak data security storm brews over BrewDog as it mulls IPO October 11, 2021 More than 200,000 BrewDog shareholders and customers had their details exposed for over 18 months, according to a security consulting and testing services firm. It comes as the beer maker prepares for an initial public offering, which would require it to step up its data security. Details such as names, date of birth, email address, [...]