Discounter B&M sees impressive revenue growth amid Covid crisis January 7, 2021 Discount retailer B&M said this morning that it had seen impressive revenue growth in the third quarter despite the coronavirus pandemic. Group revenue increased 22.5 per cent to £1.4bn, up from £1.1bn in the same period last year. The firm said that the combination of its low prices and out-of-town stores had proved attractive to [...]
Before the Bell: Bulls in control, calm restored to Capitol Hill January 7, 2021 The disturbance at Capitol Hill derailed the process of certifying the Biden electoral victory for a number of hours last night but was then resumed so the final confirmation of Biden’s win should be relatively straightforward. Moreover, the FTSE 100 had a stellar run yesterday as it closed up more than 3 per cent and [...]
Footballers warned by own union to stick to lockdown rules following spate of high-profile breaches at top clubs January 6, 2021 Footballers’ union the PFA has urged players to observe lockdown rules as a matter of “vital importance” following a number of high-profile breaches. Stars from Manchester City, Tottenham and West Ham have attracted criticism for holding social gatherings over the festive period. The PFA’s warning comes as Covid-19 cases soar in the Premier League and [...]
We need more crypto companies to IPO to increase digital asset scrutiny and adoption January 6, 2021 As a publicly listed digital asset trading business, the recent announcement of Coinbase’s IPO has naturally put a spotlight on us at Voyager Digital and we welcome their move as it will improve trust, transparency and above all, adoption of digital assets. It is imperative that the crypto asset space ups its game as there’s [...]
Corona Impact Series: How a Chiswick energy startup grew up fast during the pandemic January 6, 2021 In this series, City A.M. looks at the financial and economic impact of the ongoing pandemic on a range of small and medium-sized businesses across London. This week: how a small West London-based supplier of green energy thrived during last year’s lockdowns. The pandemic story of So Energy in Chiswick certainly bucked the national trend last year. Only [...]
Northampton Saints v Leicester Tigers cancelled as fifth Premiership rugby fixture in a fortnight is axed due to Covid-19 cases January 6, 2021 Northampton Saints’ derby against Leicester Tigers has become the latest victim of Covid-19 outbreaks in English rugby union. The fixture, which was due to take place on Saturday, is the fifth since Christmas to be cancelled in such circumstances. Northampton said they had reluctantly agreed to cancel the match after “a number of positive tests” [...]
Pharmacies to roll out Covid vaccine in ‘Herculean effort’ to immunise Britain January 6, 2021 High street pharmacies will form a major part of the “Herculean effort” to vaccinate the nation against coronavirus, the vaccines tsar has announced. Nadhim Zahawi, the minister for Covid Vaccine Deployment, told BBC’s Today programme that community pharmacy networks will be “very much involved” in plans to vaccinate 13.4m Brits by mid-February. Current government plans [...]
UK supermarkets secure best Christmas on record as online sales double January 6, 2021 Online share of UK grocery sales doubled in December, helping to drive supermarkets to their biggest Christmas on record. A total of 8.5m households shopped for their Christmas groceries online this year, up almost 3m compared to last year and equating to roughly a third of all UK households. This pushed total spend at UK [...]
Shakespeare: Aldi’s click service sees them set to collect January 6, 2021 Discount supermarket chain Aldi announced in December that it would be expanding its click and collect grocery service to more than 200 stores across the UK in the run-up to Christmas. The service was already in high demand across the country after beginning the first trial in the Midlands in September, and was brought in [...]
Asian consumers, boomerang businesses and M&A likely to shape 2021 January 6, 2021 It was some year. Anyone who took on the challenge of forecasting what would happen in 2020 more than likely saw it all swiftly swept aside – but, as they say, prediction is very difficult, especially when it’s about the future. Still, investing is a forward-looking profession and so we inevitably find ourselves thinking about [...]