EP: 73 Ascot King George Day July 23, 2021 Ascot hosts a fantastic renewal of the King George on Saturday, with the return of this year’s Derby winner Adayar up against the brilliant Irish raider Love. Stuart Williams runs Desert Dreamer in the Group 3 Keeneland Stakes on the same card and he joins us as our special guest today. City A.M. racing editor [...]
Listed luxury: Ermenegildo Zegna’s decision to go public comes at a crossroads for high-end fashion July 23, 2021 Luxury Italian brand Zegna has decided to go public via special purpose acquisition (SPAC), in an interesting blend of the old and the new. The move to go with a listing model that some still consider untested for the long term comes after a track record of over a century of excellence in high quality [...]
Energy sector hits out at automatic switching plans July 23, 2021 The energy industry has reacted with dismay to the government’s plans to tackle the so-called “loyalty tax” on energy customers. Under proposals laid out this morning, the government will trial automatic switching to move customers on expensive default energy tariffs to cheaper deals. From 2024, consumers on costly tariffs would be automatically switched to cheaper [...]
Poundland owner to create 13,000 jobs as it eyes online retail expansion July 23, 2021 The Pepco Group, which owns Poundland, has tabled plans to create 13,000 new jobs across Europe over the next three years. The discount group’s boss Andy Bond told Reuters that it is betting on shoppers flocking to less expensive stores amid pandemic-induced inflation. Unlike most retailers over the pandemic, the discount chain group has not [...]
Carlyle seeks to raise up to $27bn in largest ever private equity fund July 23, 2021 Global investment firm The Carlyle Group is looking to raise as much as $27bn in what would represent the industry’s biggest ever buyout fund. Carlyle is in discussions with investors about the size of the fund, according to Bloomberg reports citing insiders, which could see the total change. If the buyout group achieves its target [...]
10 Team GB medal hopes for the Tokyo 2020 Olympics, including Dina Asher-Smith, Adam Peaty, Katarina Johnson-Thompson and Sky Brown July 23, 2021 Team GB head into the Tokyo 2020 Olympics somewhat in limbo. Having won a record 67 medals, including 27 golds, at Rio 2016, it seems they might be more difficult to come by over the next few weeks. Stars of past Games Mo Farah, Nicola Adams and Alistair Brownlee, who won four golds between them [...]
If it can happen to Mark Cuban, it can happen to you July 23, 2021 Crypto AM's Jillian Godsil talks to 14 figureheads of cryptocurrency about DeFi and privacy.
Analysis: Freedom is on its last legs in Hong Kong as Beijing takes control of children’s books July 23, 2021 It is almost a parody of the stereotypical authoritarian coup. But it’s real, and horrifying. Three members of Hong Kong’s union for Speech Therapy have been arrested for writing a “seditious” children’s book called “The Guardian of Sheep Village”. The story about sheep and wolves has a thinly veiled political message and now seemingly even [...]
Snap shares jump as it smashes user and revenue targets July 23, 2021 Shares in Snap have soared in after-hours trading after the social media group smashed forecasts for its user numbers and revenue in the second quarter. The California-based owner of Snapchat saw its shares jump more than 17 per cent after markets closed as it booked its highest growth rates since late 2017. Daily active users [...]
NatWest’s Ulster bank to sell €7.6bn of assets to Irish bank Permanent TSB July 23, 2021 NatWest’s Ulster Bank is set to sell €7.6bn of loans and 25 branches to Irish bank Permanent TSB, as the British bank backs out of Ireland. Permanent TSB (PTSB) and Ulster Bank’s owner, NatWest, have signed a deal that will see between 400 and 500 Ulster Bank employees’ transfer over. The proposal will also have [...]
