Exclusive: My mission is to make the UK love crypto, says Matt Hancock May 6, 2022 Former cabinet minister Matt Hancock has doubled down on his support for crypto and said it is his “mission” to make the British public love digital assets. Hancock, who has emerged as a fierce defender of the crypto industry since resigning as health secretary in June, told City A.M. that he wants the UK to [...]
Makeup seller Revolution Beauty’s sales soar after Boots picks up products May 6, 2022 British makeup seller Revolution Beauty Group today vowed to continue selling “quality products at affordable prices” as the firm said strong demand for “mass market beauty” led to its earnings increasing by 73 per cent year-on-year. The cosmetics firm said its UK sales increased 85 per cent over the previous year, following the successful rollout [...]
Beazley written premiums ‘ahead of expectations’ but investment losses loom May 6, 2022 Non-life insurance firm Beazley has come in ahead of expectations in its latest update, despite swelling investment losses. Gross premiums written jumped nearly a third (27 per cent) in the three months to 31 March, to $1.2bn, up from $971m a year prior. The London-listed insurance firm, however, did report spiralling losses from its investments, [...]
British Airways owner IAG predicts bounce back to profitability on return of global travel May 6, 2022 British Airways owner International Airlines Group (IAG) today said it believes the easing of global restrictions and the return of global travel will see it bounce back to profitability. The firm – formed through the merger of Iberia and British Airways in 2011 – said its Q1 2022 passenger numbers were 65 per cent those [...]
InterContinental Hotels makes steady progress to 2019 levels as travel booms May 6, 2022 InterContinental Hotels (IHG) said that pent-up demand had driven people back on holiday, with revenue up 61 per cent and catching up with pre-pandemic rates. For Europe, the Middle East and Africa, revenue per available room (RevPAR) hit 122 per cent compared 2021, whilst the Americas were up 58 per cent. With America leading the [...]
House prices inch higher to £286,079 as steamroll slows May 6, 2022 House prices have inched higher to an average of £286,079, another new record high – though spiralling prices are beginning to slow. The average price of a home climbed 1.1 per cent since April, but has risen 10.8 per cent year-on-year. While prices appear to have slowed in their steamroll, costs have grown for the [...]
City Moves: Who’s switching jobs in the Square Mile? May 6, 2022 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. GoCardless Fintech firm GoCardless has appointed a former Mastercard lead as its new president. Paul Stoddart brings a wealth of experience to the London firm, having been CEO of Vocalink after its takeover by Mastercard, and spent [...]
Ollie Phillips: A Leicester Tigers European triumph would be incredible May 6, 2022 If Leicester go on to win the Champions Cup this season I think it will be one of modern rugby’s greatest stories. From an extremely poor season just two years ago to the quarter-finals of Europe, while also heading up the Premiership table, is testament to Steve Borthwick and his ability to nurture a squad [...]
America’s Roe v Wade reckoning could be ours too if we don’t defend choice May 6, 2022 In America, the right to choose – to keep or end a pregnancy – is under threat. On Monday night, a leaked opinion from the US Supreme Court showed the judges were prepared to strike down its famous Roe v Wade ruling, in opposition to the 69 per cent of Americans who want it to [...]
Boris Johnson never left election mode to make sense of his patchwork of policies May 6, 2022 Boris Johnson was made for elections, he was built to shake hands and make people laugh - the guy you’d like to go for a beer with, is the oft-cited description of the Prime Minister. But since taking up office in 2019 with a storming majority, Johnson has stayed firmly in election-mode and never actually started governing.
