Shakespeare on advertising: BT hit the back of the net with Hope United campaign June 9, 2021 Internet harassment has been a major topic of public conversation in recent months. Nadia Whittome MP recently announced that she would be taking time off work after receiving death threats on social media, and sports stars such as Neal Maupay and Marcus Rashford have spoken out about the barrage of “vile and toxic abuse” they [...]
Wall Street flat but FTSE ticks up as investors await inflation data June 7, 2021 Wall Street’s main indexes were muted this afternoon as investors stayed on the fence ahead of key inflation data this week, while tech stocks shrugged off a G7 agreement on a new global corporate tax minimum. The Dow Jones Industrial Average and S&P 500 dipped 0.46 and 0.26 per cent respectively by early evening trading. [...]
Wall Street opens lower while FTSE plunges to snap June winning streak June 3, 2021 Wall Street’s main indexes opened lower today as investors weighed up data showing a pick up in jobs growth for cues on the trajectory of inflation. The Dow Jones Industrial Average fell 0.7 per cent at the open, while the Nasdaq Composite shed 1.3 per cent. Meanwhile, the S&P 500 dropped 0.8 per cent to [...]
Backlash over Russian oligarch’s £1bn UK broadband bet June 3, 2021 Campaigners have called for greater scrutiny over foreign investment in the UK telecoms market after a Russian oligarch backed a £1bn plan to upgrade the country’s broadband network. Letter One, an investment company founded by billionaire Mikhail Fridman, is a key investor in a project by new broadband firm Upp to deploy full-fibre connections in [...]
City Moves: Who’s switching jobs in the Square Mile this week? June 2, 2021 City A.M.‘s Millie Turner provides a roundup of the most important hires and job moves across the City, every Wednesday afternoon. Email citymoves@cityam.com to be featured. Brown Advisory expands London office with senior hires Investment management firm Brown Advisory has bolstered its London office this week with two senior hires as its collection of assets hits $15bn. [...]
Ex-BBC Trust boss throws hat in the ring for BT chair May 30, 2021 Rona Fairhead, former BBC Trust chair, could become BT’s first female board boss, according to reports. Fairhead is in the running to succeed Jan du Plessis, who announced his retirement in March, the Telegraph reported. If successful, she will become the first woman to lead BT’s board. The search for a new leader is however [...]
Six Nations to remain free-to-air as BBC and ITV ink new deal May 21, 2021 The Six Nations is set to remain free-to-air after the competition reached an agreement in principle to renew its broadcasting deal with the BBC and ITV. The new agreement will run for four years from 2022 until after the championships in 2025. For the men’s competition, ITV will show all of England, Ireland, Italian and [...]
Screenshot: Have the streaming wars just gone nuclear? May 21, 2021 This week **Media Moment of the Week: That’ll do, you donkeys **Have the streaming wars just gone nuclear? **Can London close the tech gap on Silicon Valley? Media Moment of the Week: That’ll do, you donkeys Shrek turned 20 this week. Ah lovely, an innocent reminder of youth, I bet you’re thinking. Wrong. It’s actually [...]
£31bn Virgin Media and O2 merger given final green light by UK competition watchdog May 20, 2021 £31bn Virgin Media and O2 merger given green light by UK competition watchdog
City investors dump hospitality stocks despite pubs welcoming customers back indoors May 17, 2021 England’s pubs welcomed customers back inside for the first time in months today, but investors in the City of London were less taken by the sector’s future. Worries about a possible spread of the Indian variant of Covid-19 made shareholders sell their pub stocks. Wetherspoon, Marston’s, City Pub Group and Fuller, Smith & Turner were [...]