FTSE 100 jumps on post-lockdown hopes but Wall Street flat April 6, 2021 London’s FTSE 100 climbed by 1.4 per cent today as prospects of a planned re-emergence from lockdown next week boosted shares. The capital’s premier index currently stands at 6,840, its highest levels since 11 January. Across the Atlantic, however, the mood was more subdued, with Wall Street’s main markets flat at the open this afternoon. [...]
Exclusive: FTSE 100 dividend yields forecast to jump by 24 per cent this year March 31, 2021 Dividend yields on FTSE 100 shares may rise by 24 per cent this year as the economy begins its recovery from the coronavirus recession, according to new research shared with City A.M. this morning. Based on a consensus of analysts’ views on how dividends will increase over the next year, UK equity analysts at Bowmore [...]
Huawei: Growth slows amid geopolitical tensions, but smart cities on the horizon March 31, 2021 Huawei took home $137.7bn in revenue last year, an uptick of just 3.8 per cent year on year, as it saw a lift to its enterprise business amidst geopolitical tensions. The Chinese telecoms giant enjoyed a 23 per cent boost to its enterprise business which earned $15.4bn, as it has channelled its focus away from [...]
Ofcom to build Manchester tech hub as it gears up for new online role March 26, 2021 Ofcom today unveiled plans to open a new tech hub in Manchester as it prepares to take on its new role as the UK’s first online regulator. The media watchdog said its new base, which is set to be up and running by the summer, will create 150 new jobs by 2025. The organisation will [...]
Week in Sportbiz: Is crypto the next big player in sports sponsorship? Plus Extreme E’s Suez near miss and Amazon’s Six Nations interest March 25, 2021 Where US sports lead, others tend to follow, so it was with interest that industry insiders noted developments in Florida this week. Miami Heat’s home is set to be rebranded the FTX Arena after the NBA side struck a naming rights agreement with the cryptocurrency exchange. FTX will pay $135m for the 19-year deal, the [...]
BT frontline workers to bag £1,500 bonuses and shares March 24, 2021 BT has offered its frontline workers a bonus of £1,500 in recognition of their efforts to keep its customers connected during the pandemic. The bonus, equivalent to around five per cent of their average salary, is being made to 59,000 workers despite the broadband provider freezing pay across the company. The company is in discussions [...]
Covid-19, a year on: What small businesses have learnt March 24, 2021 In this series, City A.M. looks back at the last year of the pandemic and Covid restrictions and takes stock of its impact on industries and issues at the heart of British society. Read more: Read the full Covid-19, a year on series here. Some you win, and some you learn. Small businesses have certainly been “learning” [...]
UK in talks with Elon Musk’s Starlink over broadband rollout March 19, 2021 The government is in talks with Elon Musk’s Starlink over using satellites to help roll out full-fibre broadband in the most remote parts of the UK. Ministers today confirmed the launch of a £5bn plan to bring high-speed internet connections to properties across the country in the coming years. The government had originally set the [...]
Screenshot: Who’s invited to the UK’s summer of fun? March 19, 2021 This week **Media Moment of the Week: No 10’s power vacuum **Who’s invited to the UK’s summer of fun? **BT gets a broadband boost Media Moment of the Week: No 10’s power vacuum There are two main things to remember when unveiling your grand £2.6m briefing room to the world: make sure it doesn’t look [...]
FTSE 100 recovers after Bank of England holds interest rates March 18, 2021 London stocks recovered this afternoon after suffering a drop following the Bank of England’s decision to hold interest rates indicated the pace of Britain’s economic recovery from the Covid-19 pandemic. The BoE kept its stimulus programme unchanged this afternoon ahead of an expected recovery in Britain’s economy later this year, helped by the fast rollout [...]