Don’t believe the hype: streaming doesn’t sell artists down the river January 19, 2021 Last October, the Digital, Culture, Media & Sport Committee launched an inquiry into the impact of music streaming on artists and the industry, after calls from campaigners to shake up how streaming royalties work. While I appreciate the concerns of many artists, I should say that I am a big fan of streaming, for many [...]
Rishi Sunak mulls over a UK corporation tax hike in March Budget January 18, 2021 Rishi Sunak is reportedly considering raising corporation tax in the upcoming March Budget in a bid to pay off some of the UK government’s Covid spending bill. The chancellor is also now expected to increase business support in the 3 March Budget by extending the furlough scheme and Covid business loan programme. Senior government sources [...]
How Games Workshop helped a middle-aged generation survive the pandemic January 18, 2021 Every quarter for the last five years, there’s been a condescending raise of eyebrows from the finance world when a publicly-listed company from Nottingham releases its results. The Games Workshop, most famous for its tabletop wargame Warhammer 40,000, grabbed headlines again last week when it reported its operating profits had jumped to £92m in the [...]
EU politicians pushing for ‘masterplan’ to steal City jobs from London and promote euro in global trade January 18, 2021 EU politicians pushing for 'masterplan' to steal banking jobs from London and promote euro in global trade
Brussels to extend deadline for Brexit deal ratification by EU Parliament January 18, 2021 Brussels is set to extend the deadline the European Parliament has to ratify the UK-EU Brexit trade deal. The deadline is reportedly set to be extended from February to April to give MEPs more time to scrutinise the 1200-page text. The deal has already been ratified by the EU’s 27 ambassadors, which ensured it came [...]
Uptick in central London office interest offers hope to struggling businesses January 18, 2021 There was an uptick in interest in London office properties at the end of 2020, offering city centre firms hope that the end of the remote-working boom is on the horizon. The latest research by real estate giant JLL showed that there had been a “significant” jump in viewings and negotiations, suggesting recovery could be [...]
Audi latest carmaker to delay production amid parts shortages January 18, 2021 Audi has become the latest carmaker to be forced into delaying production due to a global shortage of semi-conductors. The German auto giant has had to put more than 10,000 of its staff on furlough as a result of the lack of chips, chief executive Markus Duesmann told the FT. The production pause comes after [...]
Exclusive: UK tech still needs the EU, says TechUK boss January 18, 2021 As thousands of businesses breathe a sigh of relief now the Brexit deal has been agreed, one leading tech figure thinks the EU remains important for the UK. Julian David, chief executive of TechUK, spoke to City A.M. about his thoughts on the Brexit deal for the tech sector and the future for the industry [...]
Johnson to discuss ‘Singapore of Europe’ plans with business leaders January 18, 2021 Boris Johnson will hold talks with business leaders today about cutting red tape, as ministers draw up plans to turn Britain into the “Singapore of Europe” now it has left the EU. The Prime Minister will speak to 30 senior leaders about “regulatory freedom” and reforming EU rules, The Times reported today. Leaders from BP, [...]
Before the Bell: Europe set for lower open on delayed recovery concerns January 18, 2021 After the early week exuberance of the first week of 2021, investor appetite for risk has taken a little bit of a knock the last week, largely down to concerns that the recovery story being priced in may well be a little premature, Michael Hewson, chief market analyst at CMC Markets UK, tells City A.M. [...]