Tom Cruise’s Mission: Impossible pauses UK filming after crew Covid cases June 4, 2021 UK-based production of Tom Cruise’s latest Mission: Impossible film has been stopped for two weeks after people tested positive for Covid-19, studio giant Paramount said today. While it is unclear how many tested positive for the virus, which has prolonged releases since March last year, the blockbuster action sequel will resume shooting on 14 June, [...]
Bill Ackman’s Spac closes in on $40bn deal with Universal Music June 4, 2021 Billionaire Bill Ackman’s blank-cheque company is closing in on a deal to buy a 10 per cent stake in Universal Music Group for roughly $4bn (£2.8bn). Pershing Square Tontine Holdings is in talks with Universal’s French owner Vivendi over the deal, which would value the record label at around $40bn. Vivendi, controlled by billionaire Vincent [...]
UK car sales up eightfold as market recovers from last year’s skid June 4, 2021 UK car sales increased eightfold last month compared to a year ago as customers continued to return to showrooms and garages. There were 156,737 new cars sold in May, up from a mere 20,247 in the same month in the previous year, when showrooms were closed due to lockdown. However, the statistics, which are compiled [...]
EP: 62 Cazoo Derby Day at Epsom June 4, 2021 The City A.M. Punter Podcast ‘The Punter’ has been City AM’s dedicated sports betting section for over a decade with a primary focus on horseracing. Throughout the season ‘The Punter’ will preview the weekend’s action every Friday along with in-depth coverage of all the major racing festivals. In a partnership with the Hong Kong Jockey [...]
Survey: Skimpy pay packets stop most Londoners from buying dream home June 4, 2021 Skimpy pay packets were the most likely reason Londoners could not get their dream home, according to a survey today, as the average budget for a capital property has swelled to £384,130. Earnings stopped 33.05 per cent of those surveyed by Money, while deposit building and mortgage availability were the next two big worries for [...]
Grocery delivery app Getir bags $7.5bn valuation as it gears up for expansion June 4, 2021 Getir, an app that promises grocery deliveries in 10 minutes, has secured a $7.5bn (£5.3bn) valuation as it gears up to launch across Europe and in the US. The Turkish tech firm raised more than $550m in a series D funding round backed by existing investors such as Tiger Global and Sequoia Capital. It has [...]
TfL funding uncertainty puts vital HS2 link ‘at risk’ June 4, 2021 Vital London transport projects, including a new rail branch deemed vital to the success of HS2, may have to be mothballed due to continued uncertainty over Transport for London’s future funding. Earlier this week the government gave the transport network yet another short-term deal, worth around £1.1bn, much to TfL’s dismay. But now a new [...]
Screenshot: Is Channel 4 facing a Great British Sell-Off? June 4, 2021 This week **Media Moment of the Week: Baby Musk (Doo, Doo, Doo, Doo, Doo, Doo) **Is Channel 4 facing a Great British Sell-Off? **Etsy dials into Gen Z fashion Media Moment of the Week: Baby Musk (Doo, Doo, Doo, Doo, Doo, Doo) It’s fair to say Elon Musk has a bit of a reputation for [...]
Rio Tinto hires former Aboriginal Affairs minister after sacred cave destruction June 4, 2021 After destroying sacred Aboriginal caves in Australia and having to ditch a CEO and other execs, Rio Tinto has added a former Australian politician who was minister of Aboriginal Affairs. Ben Wyatt is set to join the board of the miner as a non-executive director on 1 September, while under no illusion regarding the miner’s [...]
Power generators Contour Global continue Italian expansion in €50m deal June 4, 2021 Power generation firm Contour Global has today snapped up a fleet of Italian solar plants from a group of private investors for €49.7m. The new assets, which have a combined generation capacity of 18 megawatts, increase the FTSE 250 firm’s footprint in the country to 83 megawatts. It said that the deal, which it struck [...]
