Lorry drivers carrying fresh meat stuck in 24 hour queues April 10, 2022 British lorries carrying perishable goods want to be prioritised at the port of Dover as enormous queues spoil products.
Tech Weekly: Alex Marsh, Head of Klarna UK, on post-Brexit financial regulation, consumer protection, and difference between Klarna and credit cards April 8, 2022 On this week’s Tech Weekly episode, City A.M. reporters Charlie Conchie and Lily Russell-Jones chat to Alex Marsh, Head of Klarna UK. They go through the Innovate Finance fintech summit, Buy Now Pay Later regulation and the UK’s financial regulation post-Brexit; measures needed to protect consumers from debt; what role services such as Klarna are [...]
More weekend chaos expected as shortages, cancellations and IT issues rampage through April 8, 2022 UK travellers are bracing for more weekend chaos as the industry continues to be hit by a fatal combination of staff shortages, cancellations and IT issues. Brits remain stuck in hour-long queues at major hubs such as Gatwick and Manchester as British Airways and EasyJet slashed another 100 planes as a result of widespread Covid [...]
The City View: Innovate Finance summit roundup, and two Lidl adverts banned April 6, 2022 Today Andy Silvester chats to City A.M. reporter Charlie Conchie, and whistles through the main headlines you need to know. Andy and Charlie go through this week’s fintech Innovate Finance summit — they discuss the London Stock Exchange CEO’s comments yesterday on bosses needing a pay boost; Ron Kalifa’s views on the mindset shift needed [...]
Avon Protection share price plunges more than 20 per cent after wrestling with rising costs April 6, 2022 Avon Protection shares have plunged, after the helmet maker warned investors of lower-than-expected profits in the first half of this year. The London-listed protective equipment provider has been wrestling with “additional manufacturing costs” in recent months, as global raw materials prices are engulfed by inflation. Supply chains have also been significantly stretched post-Brexit, with the [...]
MPs warn of further food price hikes unless labour shortages are ‘resolved swiftly’ April 6, 2022 More grocery price increases are on the horizon unless the government intervenes to solve worker shortages, MPs have warned. Brits have faced bare supermarket shelves in the past eighteen months as various businesses were hammered by worker shortages. Now, the government must urgently take action and change immigration policy in order to alleviate pressure on [...]
Britain’s love of Channel 4 is blinded by nostalgia, it’s time to finally sell up April 6, 2022 From a quasi-outsider’s perspective – I lived in Australia for the first 26 years of my life – Channel 4’s current makeup seems bizarre. It is state-owned, but commercially funded. Editorially independent, but bound by a legislative public service remit. The notion of having a public broadcaster that provides news coverage free from all commercial [...]
Many Tories believe Channel 4 sale is ‘revenge for biased coverage’ on Brexit and Boris Johnson, says Julian Knight MP April 5, 2022 Government plans to forge forward with the privatisation of Channel 4 are “revenge”, adding that many Tories believe the move is “payback time” for “biased coverage”, according to Tory MP Julian Knight. In a string of tweets, the MP addressed what he said was the “elephant in the room time” as he tweeted: “Is this [...]
EY to double size of consulting team by hiring 5,100 consultants over the next four years April 5, 2022 Big Four accountancy firm EY is set to double the size of its UK consulting team, by hiring 5,100 new consultants over the next four years. The accountancy giant said it plans to double the size of 5,100 strong consulting team, with a view to having more than 10,200 consultants on its books by 2026. [...]
Cryptocurrency markets uncertain ahead of major Bitcoin conference April 5, 2022 The relative calm in the crypto markets continues today, with the Bitcoin (BTC) price up one per cent over the past 24 hours to around $46,600.