Ocado sounds alarm on product availability as supermarket shelves stand empty January 11, 2021 Ocado has warned that the availability of some products is being impacted by coronavirus-related staff absences in its supply chain. With more staff off sick or forced to isolate some grocery suppliers are having to consolidate their lines. “Staff absences across the supply chain may lead to an increase in product substitutions for a small [...]
Chancellor Rishi Sunak: The City could be set for a post-Brexit Big Bang 2.0 January 11, 2021 Rishi Sunak believes the Square Mile is set for a post-Brexit “Big Bang 2.0” and that the City’s “culture and creativity” will see it to greater, global heights. In a candid interview with City A.M., the Chancellor also pushed back against criticism of the UK’s trade deal with the European Union, saying that it should [...]
Rishi Sunak: Working from home will not be the new normal post-Covid January 11, 2021 Widespread full-time working from home will not become a permanent fixture of the UK economy and central London is destined to come back to life post-Covid, according to Rishi Sunak. The chancellor told City A.M.’s The City View podcast that he’s “desperate” for “the buzz, the vitality and the creativity” that cities generate and that [...]
The City View: Chancellor of the Exchequer Rishi Sunak January 11, 2021 The City View is back for 2021 with a new format, a new host and a very special guest, with City A.M.’s Andy Silvester talking to Chancellor of the Exchequer Rishi Sunak. Subscribe to The City View Podcast: Apple / Google / Spotify / RSS The pair discuss the Government’s response to the pandemic, the future of cities and whether the work-from-home [...]
Sleep-tech firm Simba hails new dawn amid pandemic sales boom January 10, 2021 Rising online sales during the pandemic propelled “sleep-tech” firm Simba back into the black last year, the company announced today. Chief executive Steve Reid hailed today hailed the firm’s “remarkable turnaround” as it booked £100m in sales in 2020. The rapid growth, which will pocket Simba £3m in profit, came on the back of three [...]
Explainer: What the Brexit deal means for UK nationals and EU migration January 8, 2021 New immigration rules and pandemic travel restrictions are colliding to cause a bumpy start to 2021. Although the Brexit transition deadline has passed, individuals who are eligible can continue apply under the Withdrawal Agreement until 30 June 2021 in many cases. There is confusion in these early days and some airlines have reportedly refused boarding [...]
Gove expects Brexit delays at the border with France and Ireland to worsen January 8, 2021 Gove expects Brexit delays at the border with France and Ireland to worsen
Clifford Chance appoints new executive partner and general counsel January 8, 2021 Clifford Chance has made Robin Abraham its next executive partner and general counsel after a 16 year career at the law firm. Abraham will succeed Chris Perrin, who has been in the position since 2003. Abraham will formally take up his new role at the magic circle firm on 1 May, and is already working [...]
French football’s financial crisis: Why Ligue 1’s €3bn deal with Mediapro collapsed and what it means for the Premier League January 8, 2021 Lille OSC are flying high in Ligue 1, into the latter stages of the Europa League — and €125m in debt. This season, financial turmoil off the pitch is tainting the French football club’s on-field success. Last month, Lille’s major creditors JP Morgan and Elliott Management forced the club’s embattled owner Gerard Lopez to sell [...]
M&S sales fall over Christmas quarter as lockdown hammers clothing division January 8, 2021 Marks and Spencer (M&S) saw their sales slip over the quarter leading up to Christmas as new lockdown restrictions cast a shadow over the normally lucrative season. The high street stalwart said that total sales fell 8.2 per cent to £2.5bn in the three months to 26 December. Shares in the retailer fell 1.9 per [...]